Darren Quinn | Modern Money Educator & Analyst
@AusMMT
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I am a self-taught economist championing MMT macroeconomics. I am on a crusade for public economic enlightenment, even the experts can't resist my wit.
Wiradjuri Country
Joined December 2010
A THREAD ON INFLATION from an MMT PERSPECTIVE. An MMT response to what causes inflation.
researchgate.net
PDF | Posted to FT Alphaville https://ftalphaville.ft.com/2019/03/01/1551434402000/An-MMT-response-on-what-causes-inflation/ | Find, read and cite all the research you need on ResearchGate
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Why Trade Surpluses Don't Create Money
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We've dismantled the fallacies and proven the #accounting. The final post will deliver the verdict on the Keen-MMT debate and the future of #trade analysis. Coming soon!!
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Touché.
I think there are too much ifs. I think Heilbroner has a neoclassical view about taxation. The dollars are issued by the Fed, the public debt is equal to the private sector savings. @Jorge_Econopata.@RedMMT .@desempleado666
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When anyone says this they are saying they feel they are missing out on how rich they once felt. Nevermind there have been less recessions & downturns than their ever was on ‘hard currency’.
The is your government on MMT (modern monetary theory). We need a return to hard currency and we need it now. Can’t people tell yet that as the monetary base expands so does the amount of misery experienced by the citizens?
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For my fellow economists: At what point in an international #trade transaction does the 'real' national cost occur? Is it at production, shipment, or financial settlement? And why does this distinction matter for policy? #EconTwitter #MMT.
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No description of MMT here. Not even a fundamental understanding of inflation.
@Jenny_1884 Welcome to the world of MMT (Modern Monetary Theory). The Lefties love it, just print the money, spend like maniacs, and pretend inflations someone else’s fault. Taxes? They still want those to control behaviour and fund pet ideologies. Not services.
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Can anyone make sense of this odd statement?.
@elerianm I'm opposed to the MMT (modern monetary theory) framework as a whole. It's a non sense practice of market manipulation. Rates anchored to variable X. X = say true GDP with the ability for a 60 day emergency congressional adjustment of +/- 100bps. Hyper simplified explanation.
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RT @BenPhillips_ANU: Often said low income households pay no tax. For personal income tax that’s true but including all taxes the story cha….
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Let's end the debate with numbers. The #DoubleEntry accounting in my latest post demolishes the #myth that trade surpluses are a magic win. It's a #financial delusion that ignores real resource #costs. #MMT.
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I haven't read this but as someone with a massive HECS debt and struggles to find employment, I lean towards the right rather than the wrong.
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RT @BeiderPoole: My son wants to save for a rent deposit for when he moves out. He doesn't trust himself not to spend it down the pub, so h….
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No there is not. To define such a thing, it either has to be left undefined, which doesn't tell us much or defined in a way we can understand and that is zero 0.
Indeed there is.No.Such thing. There are no natural values about anything.
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RT @Williamgallus: "Why do we presume a generation of orthodox economists got the balance so right that the policy flexibility of their suc….
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4.1k views and 2.6k followers, what am I meant to do with that stat?.
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The balance sheets don't lie. Exports are a cost, and their purpose is to finance the real benefit: imports. 6/6 See the full, step-by-step proof here:
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