YouTube premiere! MMT 101 w/ @sdgrumbine.and Jim Byrne of @MMT101DotORG. Join us tonight at 7 pm ET for the.#LearnMMT #PoliticalEconomy #Democracy.

RT @CheeseMacro: @sdgrumbine @MMT101DotORG MMT 101 w/ @sdgrumbine and Jim Byrne of @MMT101DotORG. Join us tonight at 7 pm ET for the YouTu….

RT @CheeseMacro: @sdgrumbine @MMT101DotORG Why is understanding #MMT so crucial in addressing real-world issues i.e. #Gaza, #climatechange,….

7. amount of money in your bank account at the end of a particular year. The 'flows' would be the deposits and withdrawals you made during that year. An excerpt from "Modern Monetary Theory (MMT) in 70 Bullet Points"

6. Definition of the words 'stocks' and 'flows' in relation to economics. 'Stocks' refer to the amount of assets or liabilities held at a particular point in time, while 'flows' represent the changes in these quantities over a specific period. An example of stocks would be the.

5. A definition of the phrase 'Stock-flow consistent (SFC) modeling': SFC is an approach in macroeconomic analysis that ensures all financial transactions and their effects on stocks and flows are consistently and accurately accounted for across all sectors of the economy.

4. sum to zero across all sectors of the economy. A deficit in one sector (such as the government sector) must correspond to a surplus in another sector (such as the private sector or the foreign sector).

3. However, the private sector now has less money to spend/invest - £10 less. Stephanie Kelton in "The Deficit Myth" references the work of economist Wynne Godley to expand upon this point. Godley used the 'stock-flow consistency model' to demonstrate that financial balances must.

2. private sector. £10 is added to the government deficit. If the government spends £100 into the private sector and taxes back £110 in taxes, £10 has been removed from of the private sector. That extra £10 the government now has is recorded as a government surplus.

1. If the UK Government spends money spent into the private sector and does not take it all back in the form of taxes - that tells us that some of that spending remains within the private sector. For example, if the government spends £100 and taxes back £90, £10 remains in the.

RT @shaahin_a: 136 years ago, in 1898, Thorstein Veblen proposed his “evolutionary” approach to economics. But is it still relevant today?….

RT @annemac21776530: BBC Unionist bias in Scotland Richard Murphy tells it like it is .Bravo.

RT @ProfHall1955: Oh no, not 'deregulate and trickle down theory' again. Lawson deregulates the City bankers and we get Black Monday 1987,….

RT @wbmosler: Decoupling is a drop in non resident savings desires, a downward bias in real deficit spending the ugly way- through higher p….

RT @Davejones0305: @ZevonsRadio @MMT101DotORG @NewnhamTony @Scotonomics1 2/ makes you think about how all these systems coexist and feed i….

RT @Davejones0305: @ZevonsRadio @MMT101DotORG @NewnhamTony @Scotonomics1 Exactly, I am studying systems thinking at the moment, feedback lo….

RT @Davejones0305: @ZevonsRadio @MMT101DotORG @NewnhamTony @Scotonomics1 Easy to maintain austerity, keep people in precarity, easier to co….

RT @Davejones0305: @ZevonsRadio @MMT101DotORG @NewnhamTony @Scotonomics1 They all do if they are currency issuers - they may have legislat….

RT @MMT101DotORG: @ZevonsRadio @NewnhamTony @Scotonomics1 However, you can see that they implicitly understand that it is resources - not t….

RT @wbmosler: Active decoupling.