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Replying to @eigenrobot
1. what the fuck is mmt 2. the article noah says explains mmt never uses the term 3. what the fuck noah
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Replying to @palecur @eigenrobot
trailer trash zach braff Retweeted Stephanie Kelton
here’s a thread on it by an mmt-er https://twitter.com/stephaniekelton/status/1093575474670899200?s=21 … I’m too dumb to have an opinion, but I like reading about mmt; it helps re-configure my understanding of how money works (eg, banks don’t collect money and then loan it out, so much as create money by loaning it out)
trailer trash zach braff added,
1 reply 0 retweets 2 likes -
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Replying to @palecur @bonecamaro
(havent read yet but the whole banks create money by loaning it out part is pretty standard money & banking theory, eg this was taught even at crazy hard RBC schools like UMN)
1 reply 0 retweets 1 like -
god i wish there is only Pain among the snowdrifts paul
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