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Japan Pop News<a href="https://www.wacoca.com/news/2514093/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.wacoca.com/news/2514093/</a> 米関税で見通し引き下げ、基調物価の2％到達も後ずれ＝日銀展望リポート | ロイター <a href="https://wakoka.com/tags/AMERS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMERS</a> <a href="https://wakoka.com/tags/Asia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Asia</a> <a href="https://wakoka.com/tags/ASXPAC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ASXPAC</a> <a href="https://wakoka.com/tags/BOJ" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BOJ</a> <a href="https://wakoka.com/tags/Business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Business</a> <a href="https://wakoka.com/tags/BusinessNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BusinessNews</a> <a href="https://wakoka.com/tags/CEN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEN</a> <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPBSM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPTPM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPZTM <a href="https://wakoka.com/tags/EASIA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EASIA</a> <a href="https://wakoka.com/tags/ECI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECI</a> <a href="https://wakoka.com/tags/eco" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#eco</a> <a href="https://wakoka.com/tags/ECON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECON</a> <a href="https://wakoka.com/tags/GDP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GDP</a> <a href="https://wakoka.com/tags/Gen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gen</a> <a href="https://wakoka.com/tags/INFL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#INFL</a> <a href="https://wakoka.com/tags/int" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#int</a> <a href="https://wakoka.com/tags/JDOM" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JDOM</a> <a href="https://wakoka.com/tags/JLN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JLN</a> <a href="https://wakoka.com/tags/jp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#jp</a> <a href="https://wakoka.com/tags/MCE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MCE</a> <a href="https://wakoka.com/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://wakoka.com/tags/NAMER" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NAMER</a> <a href="https://wakoka.com/tags/NEWS1" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NEWS1</a> <a href="https://wakoka.com/tags/POL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POL</a> <a href="https://wakoka.com/tags/TRD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRD</a> <a href="https://wakoka.com/tags/TRF" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRF</a> <a href="https://wakoka.com/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#US</a> <a href="https://wakoka.com/tags/%E3%83%93%E3%82%B8%E3%83%8D%E3%82%B9" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ビジネス</a>

Eric MaugendreFederal “debt” is the total of outstanding <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/Securities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Securities</a>.The US government could pay off all its so-called “debt” tomorrow simply by debiting all Treasury-security accounts and crediting the Treasury-Security owners’ checking accounts.The entire process neither adds nor subtracts money from the economy (but for interest paid).<a href="https://mas.to/tags/obligations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#obligations</a> <a href="https://mas.to/tags/bonds" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#bonds</a> <a href="https://mas.to/tags/liquidity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#liquidity</a> <a href="https://mas.to/tags/borrowing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#borrowing</a> <a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/PublicTreasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PublicTreasury</a> <a href="https://mas.to/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://mas.to/tags/policy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#policy</a> <a href="https://mas.to/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mas.to/tags/credit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#credit</a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mas.to/tags/macroEconomics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#macroEconomics</a> <a href="https://mas.to/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPol</a>

Heinrichsgeist<a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a> The 1988 publication date is important for classification: in the 1980s, neoclassical deregulation and privatisation measures were successful, but structurally created the basis for many later crises. For example, the abolition of the Glass-Steagall Act was key to the GFC in 2008 and was motivated by the Chicago School. In retrospect, one can conclude that Milton Friedman's statements (from minute 57, 'bad influence') are toxically wrong, but the exact opposite is true.<a href="https://digitalcourage.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a>

Japan Pop News<a href="https://www.wacoca.com/news/2512733/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.wacoca.com/news/2512733/</a> カナダ首相がトランプ氏と電話会談、近く直接会うことで合意 | ロイター <a href="https://wakoka.com/tags/AMERS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMERS</a> <a href="https://wakoka.com/tags/ca" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ca</a> <a href="https://wakoka.com/tags/CANADA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CANADA</a> <a href="https://wakoka.com/tags/CEN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEN</a> <a href="https://wakoka.com/tags/DBT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DBT</a> <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPTPM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPZTM <a href="https://wakoka.com/tags/dip" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#dip</a> <a href="https://wakoka.com/tags/ECI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECI</a> <a href="https://wakoka.com/tags/eco" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#eco</a> <a href="https://wakoka.com/tags/ECON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECON</a> <a href="https://wakoka.com/tags/GBR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GBR</a> <a href="https://wakoka.com/tags/Gen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gen</a> <a href="https://wakoka.com/tags/GFIN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GFIN</a> <a href="https://wakoka.com/tags/GVD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GVD</a> <a href="https://wakoka.com/tags/JFOR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JFOR</a> <a href="https://wakoka.com/tags/JLN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JLN</a> <a href="https://wakoka.com/tags/MCE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MCE</a> <a href="https://wakoka.com/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://wakoka.com/tags/NAMER" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NAMER</a> <a href="https://wakoka.com/tags/NEWS1" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NEWS1</a> <a href="https://wakoka.com/tags/POL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POL</a> <a href="https://wakoka.com/tags/POTUS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POTUS</a> <a href="https://wakoka.com/tags/TRD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRD</a> <a href="https://wakoka.com/tags/TRF" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRF</a> <a href="https://wakoka.com/tags/TRN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRN</a> <a href="https://wakoka.com/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#US</a> <a href="https://wakoka.com/tags/VOTE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VOTE</a> <a href="https://wakoka.com/tags/VOTP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VOTP</a> <a href="https://wakoka.com/tags/wash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wash</a> <a href="https://wakoka.com/tags/%E3%82%AB%E3%83%8A%E3%83%80" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#カナダ</a>

Japan Pop News<a href="https://www.wacoca.com/news/2512233/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.wacoca.com/news/2512233/</a> 米財務省、国債発行計画据え置き見通し　ガイダンス変更に注目 | ロイター <a href="https://wakoka.com/tags/AMERS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMERS</a> <a href="https://wakoka.com/tags/AUCT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AUCT</a> <a href="https://wakoka.com/tags/Business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Business</a> <a href="https://wakoka.com/tags/BusinessNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BusinessNews</a> <a href="https://wakoka.com/tags/DBT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DBT</a> <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPBSM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPTPM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPZTM <a href="https://wakoka.com/tags/eco" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#eco</a> <a href="https://wakoka.com/tags/ECON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECON</a> <a href="https://wakoka.com/tags/Gen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gen</a> <a href="https://wakoka.com/tags/GFIN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GFIN</a> <a href="https://wakoka.com/tags/GVD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GVD</a> <a href="https://wakoka.com/tags/ISU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ISU</a> <a href="https://wakoka.com/tags/JFOR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JFOR</a> <a href="https://wakoka.com/tags/JLN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JLN</a> <a href="https://wakoka.com/tags/MCE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MCE</a> <a href="https://wakoka.com/tags/MEVN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MEVN</a> <a href="https://wakoka.com/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://wakoka.com/tags/MTPIX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MTPIX</a> <a href="https://wakoka.com/tags/NAMER" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NAMER</a> <a href="https://wakoka.com/tags/PLCY" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PLCY</a> <a href="https://wakoka.com/tags/POL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POL</a> <a href="https://wakoka.com/tags/pre" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#pre</a> <a href="https://wakoka.com/tags/PREV" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PREV</a> <a href="https://wakoka.com/tags/TOPCMB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPCMB</a> <a href="https://wakoka.com/tags/TOPNWS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPNWS</a> <a href="https://wakoka.com/tags/TRN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRN</a> <a href="https://wakoka.com/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#US</a> <a href="https://wakoka.com/tags/%E3%83%93%E3%82%B8%E3%83%8D%E3%82%B9" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ビジネス</a>

AMonkeyInSilk 🇺🇦🇵🇸David Speers on <a href="https://theblower.au/tags/ABCNewsAustralia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ABCNewsAustralia</a> this evening continuing the mythology around a ‘balanced’ budget.Australia and Australians suffer whenever the federal government prioritises a budget surplus over services and infrastructure needed to maintain a strong and healthy country and population.<a href="https://theblower.au/tags/auspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#auspol</a> <a href="https://theblower.au/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://theblower.au/tags/fiatCurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fiatCurrency</a> <a href="https://theblower.au/tags/election" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#election</a> <a href="https://theblower.au/tags/vote" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#vote</a> <a href="https://theblower.au/tags/budget" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#budget</a> <a href="https://theblower.au/tags/budgetdeficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#budgetdeficit</a> From: <a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a> <a href="https://mastodon.social/@DrALJONES/114414533471013531" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://mastodon.social/@DrALJONES/114414533471013531</a>

HeinrichsgeistHere Professor Samuelson explains the purpose of spreading the "balanced budget superstition": <a href="https://youtu.be/4_pasHodJ-8" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://youtu.be/4_pasHodJ-8</a>It's taken from this documentary: <a href="https://sms.cam.ac.uk/media/761745/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://sms.cam.ac.uk/media/761745/</a>Professor Samuelson reveals here the betrayal of scientific principles: instead of fostering enlightenment, mainstream economics is abused as a religious doctrine — generations of students have been misled by dogmatic textbooks and continue to be misled to this day.<a href="https://digitalcourage.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a>

Eric Maugendre“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.” – Eric Tymoigne is an associate professor of economics at Lewis & Clark College, NY, who specializes in the fields of <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> and <a href="https://mas.to/tags/banking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#banking</a>, monetary theory, and financial macroeconomics<a href="https://a.gup.pe/u/economics" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@economics</a> <a href="https://mas.to/tags/fiatMoney" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fiatMoney</a> <a href="https://mas.to/tags/moneyIssuance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#moneyIssuance</a> <a href="https://mas.to/tags/moneyCreation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#moneyCreation</a> <a href="https://mas.to/tags/monetaryCreation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#monetaryCreation</a> <a href="https://mas.to/tags/monetaryTheory" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#monetaryTheory</a> <a href="https://mas.to/tags/slogan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#slogan</a> <a href="https://mas.to/tags/quotes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#quotes</a> <a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/deficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#deficit</a> <a href="https://mas.to/tags/Fed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fed</a> <a href="https://mas.to/tags/CentralBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CentralBank</a> <a href="https://mas.to/tags/CentralBanks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CentralBanks</a> <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a>

Eric Maugendre“The exported goods are not paid for in gold, however, but are exchanged for a claim, which, even if it is paid for, remains a claim – the only difference being that it is no longer directed at a private entrepreneur, but at a bank. The buyer has exchanged the purchased goods for his bank claim in the case of direct payment.”Joachim Nanninga, 2022 (in German) <a href="https://www.relevante-oekonomik.com/2022/03/02/der-stolperstein-der-zahlungsbilanz-kapitalexport-oder-kapitalimport-das-ist-hier-die-frage/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.relevante-oekonomik.com/2022/03/02/der-stolperstein-der-zahlungsbilanz-kapitalexport-oder-kapitalimport-das-ist-hier-die-frage/</a><a href="https://mas.to/tags/currentAccount" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currentAccount</a> <a href="https://mas.to/tags/imports" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#imports</a> <a href="https://mas.to/tags/exports" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#exports</a> <a href="https://mas.to/tags/credit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#credit</a> <a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://mas.to/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tariffs</a> <a href="https://mas.to/tags/tradeDeficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tradeDeficit</a> <a href="https://mas.to/tags/internationalTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#internationalTrade</a>

Eric MaugendreSovereign states invest or spend as much as they want by issuing they own money and credit.<a href="https://mas.to/tags/fiatMoney" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fiatMoney</a> <a href="https://mas.to/tags/moneyIssuance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#moneyIssuance</a> <a href="https://mas.to/tags/moneyCreation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#moneyCreation</a> <a href="https://mas.to/tags/monetaryCreation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#monetaryCreation</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/slogan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#slogan</a> <a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/deficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#deficit</a> <a href="https://mas.to/tags/Fed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fed</a> <a href="https://mas.to/tags/CentralBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CentralBank</a> <a href="https://mas.to/tags/CentralBanks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CentralBanks</a> <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://mas.to/tags/power" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#power</a> <a href="https://mas.to/tags/transactions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#transactions</a> <a href="https://mas.to/tags/policy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#policy</a> <a href="https://mas.to/tags/government" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#government</a> <a href="https://mas.to/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#politics</a> <a href="https://mas.to/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mas.to/tags/credit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#credit</a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mas.to/tags/administration" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#administration</a>

Eric MaugendreNobody ever reimburses national debt. Sovereign states restructure it.<a href="https://mas.to/tags/bonds" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#bonds</a> <a href="https://mas.to/tags/liquidity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#liquidity</a> <a href="https://mas.to/tags/liquidities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#liquidities</a> <a href="https://mas.to/tags/securities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#securities</a> <a href="https://mas.to/tags/borrowing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#borrowing</a> <a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/deficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#deficit</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/PublicTreasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PublicTreasury</a> <a href="https://mas.to/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://mas.to/tags/policy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#policy</a> <a href="https://mas.to/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mas.to/tags/credit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#credit</a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mas.to/tags/obligations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#obligations</a> <a href="https://mas.to/tags/titles" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#titles</a> <a href="https://mas.to/tags/slogan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#slogan</a> <a href="https://mas.to/tags/macroEconomics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#macroEconomics</a> <a href="https://mas.to/tags/rents" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#rents</a> <a href="https://mas.to/tags/funding" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#funding</a> <a href="https://mas.to/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#politics</a>

Eric Maugendre<a href="https://mastodonapp.uk/@keefeglise" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@keefeglise</a> The sovereign state borrows from other financial institutions: the national Treasury offers an "obligation" or a "bond" whereby it <a href="https://mas.to/tags/promises" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#promises</a> to later give away its fiat currency in exchange for the actual payment of money or title presented by the rentier.It gets more complicated: <a href="https://mas.to/@maugendre/109760408033385603" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://mas.to/@maugendre/109760408033385603</a><a href="https://mas.to/tags/securities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#securities</a> <a href="https://mas.to/tags/borrowing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#borrowing</a> <a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/deficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#deficit</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://mas.to/tags/policy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#policy</a> <a href="https://mas.to/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mas.to/tags/credit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#credit</a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mas.to/tags/obligations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#obligations</a> <a href="https://mas.to/tags/titles" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#titles</a> <a href="https://mas.to/tags/slogan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#slogan</a> <a href="https://mas.to/tags/UK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#UK</a> <a href="https://mas.to/tags/macroEconomics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#macroEconomics</a> <a href="https://mas.to/tags/rents" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#rents</a> <a href="https://mas.to/tags/bonds" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#bonds</a> <a href="https://mas.to/tags/funding" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#funding</a>

Eric Maugendre“The U.S. government is not like a household. It is the issuer of the currency. It doesn’t need to ‘get’ money from anyone else—not from taxpayers, not from China.”– Stephanie Kelton (economist, former US Senate Budget Committee Chief Economist)<a href="https://mas.to/tags/slogan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#slogan</a> <a href="https://mas.to/tags/quotes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#quotes</a> <a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/deficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#deficit</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/Fed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fed</a> <a href="https://mas.to/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://mas.to/tags/power" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#power</a> <a href="https://mas.to/tags/transactions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#transactions</a> <a href="https://mas.to/tags/policy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#policy</a> <a href="https://mas.to/tags/government" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#government</a> <a href="https://mas.to/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#politics</a> <a href="https://mas.to/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mas.to/tags/credit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#credit</a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mas.to/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPol</a> <a href="https://mas.to/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USA</a> <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/Kelton" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Kelton</a> <a href="https://mas.to/tags/StephanieKelton" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StephanieKelton</a>

Eric MaugendreIs borrowing a burden on future generations? No, it's not: if the borrower is a nation-state, then no person (children or taxpayers) will be asked to repay.“Paying off the debt” is just the sovereign swapping Treasury securities (savings) for cash. No burden is passed on to persons.<a href="https://mas.to/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://mas.to/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://mas.to/tags/slogan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#slogan</a> <a href="https://mas.to/tags/deficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#deficit</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/liquidity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#liquidity</a> <a href="https://mas.to/tags/liquidities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#liquidities</a> <a href="https://mas.to/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://mas.to/tags/transactions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#transactions</a> <a href="https://mas.to/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mas.to/tags/credit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#credit</a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mas.to/tags/administration" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#administration</a> <a href="https://mas.to/tags/government" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#government</a> <a href="https://mas.to/tags/sovereignty" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#sovereignty</a>

Japan Pop News<a href="https://www.wacoca.com/news/2509051/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.wacoca.com/news/2509051/</a> 米ＦＲＢ高官、関税の影響見極めへ　政策変更見通しに相違も | ロイター <a href="https://wakoka.com/tags/AMERS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMERS</a> <a href="https://wakoka.com/tags/BISV" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BISV</a> <a href="https://wakoka.com/tags/BISV08" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BISV08</a> <a href="https://wakoka.com/tags/CEN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEN</a> <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPBSM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPTPM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPZTM <a href="https://wakoka.com/tags/ECI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECI</a> <a href="https://wakoka.com/tags/eco" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#eco</a> <a href="https://wakoka.com/tags/ECON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECON</a> <a href="https://wakoka.com/tags/FED" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FED</a> <a href="https://wakoka.com/tags/Fin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fin</a> <a href="https://wakoka.com/tags/FINREG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FINREG</a> <a href="https://wakoka.com/tags/FINS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FINS</a> <a href="https://wakoka.com/tags/FINS08" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FINS08</a> <a href="https://wakoka.com/tags/Gen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gen</a> <a href="https://wakoka.com/tags/GOVACT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GOVACT</a> <a href="https://wakoka.com/tags/INFL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#INFL</a> <a href="https://wakoka.com/tags/int" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#int</a> <a href="https://wakoka.com/tags/JFOR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JFOR</a> <a href="https://wakoka.com/tags/JLN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JLN</a> <a href="https://wakoka.com/tags/JOB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JOB</a> <a href="https://wakoka.com/tags/MCE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MCE</a> <a href="https://wakoka.com/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://wakoka.com/tags/MTPIX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MTPIX</a> <a href="https://wakoka.com/tags/NAMER" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NAMER</a> <a href="https://wakoka.com/tags/NEWS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NEWS</a> <a href="https://wakoka.com/tags/NEWS1" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NEWS1</a> <a href="https://wakoka.com/tags/PLCY" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PLCY</a> <a href="https://wakoka.com/tags/POL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POL</a> <a href="https://wakoka.com/tags/REGS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#REGS</a> <a href="https://wakoka.com/tags/TOPCMB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPCMB</a> <a href="https://wakoka.com/tags/TOPNWS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPNWS</a> <a href="https://wakoka.com/tags/TRD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRD</a> <a href="https://wakoka.com/tags/TRF" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRF</a> <a href="https://wakoka.com/tags/TRN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRN</a> <a href="https://wakoka.com/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#US</a> <a href="https://wakoka.com/tags/wash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wash</a> <a href="https://wakoka.com/tags/%E3%83%8B%E3%83%A5%E3%83%BC%E3%82%B9" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ニュース</a>

The Sleight Doctor 🃏<a href="https://mastodon.bsd.cafe/@duncan_bayne" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@duncan_bayne</a> <a href="https://aus.social/@Wyvernsridge" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@Wyvernsridge</a> Hey <a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a> , we should probably cover the temporary post-pandemic inflation, because I keep seeing people saying this is proof "printing money" devalues currency, as opposed to stalled (almost non-existent) economic activity and excess household savings due to lockdowns. Yeah, that'll do it. But we knew that already.I don't have the spoons at nearly 2am, perhaps you could step in!<a href="https://mastodon.world/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a>

The Sleight Doctor 🃏<a href="https://mastodon.bsd.cafe/@duncan_bayne" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@duncan_bayne</a> <a href="https://aus.social/@Wyvernsridge" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@Wyvernsridge</a> Economic activity ceased due to lockdown measures, savings accumulated because people couldn't spend. When restrictions were lifted there was a consumer spending splurge, compounded by price-gouging corps who took advantage to artificially raise prices (here in the UK, notably on energy), while posting record profits. This is informally known as "greedflation". It had nothing to do with government spending and was predicted by <a href="https://mastodon.world/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a>.

Eckes :mastodon:<a href="https://zusammenkunft.net/tags/statedebt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#statedebt</a> <a href="https://zusammenkunft.net/tags/tradewar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tradewar</a> we know it’s possible because the Secretary of US Treaury said it’s not possible” <a href="https://youtu.be/FSLVs0SqJQY" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://youtu.be/FSLVs0SqJQY</a> <a href="https://zusammenkunft.net/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a>

The Sleight Doctor 🃏<a href="https://aus.social/@Wyvernsridge" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@Wyvernsridge</a> Since Australia issues its own currency, the money would be magicked out of thin air like it always is. Taxes don't fund national spending in Australia, New Zealand, the UK, the USA and several other countries. The Australian government isn't a user of the currency, it's the monopoly issuer. It *is* the money.Dutton needs $4.3 trillion, Parliament authorizes the spend, and the Reserve Bank of Australia presses some buttons. Hey presto.<a href="https://mastodon.world/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a>

Heinrichsgeist<a href="https://geopoliticaloccult.net/@bryancj" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@bryancj</a> Fair point about the government encouraging lending. Nonetheless, a simple ban on mortgage-backed securities would have prevented the bubble from inflating. My message here is simply that it is not the money supply per se that destabilises the economy , but speculative practices.<a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a> <a href="https://digitalcourage.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a>

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