Discover and read the best of Twitter Threads about #deficitmyth

Most recents (3)

Daily Bookmarks to GAVNet 03/23/2021 greeneracresvaluenetwork.wordpress.com/2021/03/23/dai…
Five tips for understanding and managing your emotions to build flourishing connections

nature.com/articles/d4158…

#EmotionalIntelligence #ProfessionalRelationships #psychology
Essay on Academic Bullying Full of Misrepresentations

chronicle.com/blogs/letters/…

#academe #bullying #OpEd
Read 10 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
What can an economist with mainstream training learn from #MMT? I articulate my answer in a new paper titled “A Blue Paper on Modern Monetary Theory” #MMTBluePaper.

bit.ly/30puulV

Here are the background and a quick summary. 1/19
I, for one, have learned a lot. The MMT literature explores procedural, accounting, and institutional aspects of modern monetary institutions and their coordination with the fiscal authority.

An excellent bibliography of MMT can be found here

levyinstitute.org/pubs/wp_778.pdf

2/19
The analysis naturally leads to a powerful message which is at the core of MMT: a government with a sovereign currency can always afford to pay in the currency it prints and it is not subjected to the same financial constraints of a household.

nyti.ms/3cScgME

3/19
Read 20 tweets

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