Modern Monetary Theory: A Primer

Dude hit a low point (not even rock bottom) and was like “whelp, guess I’ll start swindling all the gullible goofballs out there into thinking the system is shit because I struggled for the first time in my entire life.”

My favorite is how Real Progress or whatever the org is called is a 501(c)(3).

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As usual usmccds423 can’t refute the points so he has to post things he thinks are funny.

Again, no attempt at refutation. Yeah, I guess you ARE done. If you can’t disprove what he is saying, I suppose there is nothing left for you to say.

And I notice there was no attempt at refutation.

Bro. What is the problem?

So then why is it done so often?

And who owns most of the stock in this country?

And to deliver wealth to those who own the majority of the stocks and to increase CEO compensation. If you believe otherwise you are just lying to yourself to pretend everything is okay and that questioning the system itself is offensive.

Holy cow dude, why do you feel the need to split hairs when you know good and well the overarching point is more money. Because if you don’t split hairs and stay in the literal, you
can’t feel like you somehow scored a point.

I’m not shifting anything. You know the overarching point but had to split hairs and pretend that stock buybacks don’t increase stock prices and therefore do not increase anyone’s wealth. Yes it does! Mo money, mo money, Mo Money! And what comes with wealth? Mo power.

But the CEO’s and B of D do not.

Obviously, they had to continue to work under the conditions they were fighting against. And were others effected? East Palestine and the other railroad accidents. But hey, the owners needed to make more money. So it was for a worthy cause.

The Bureau of Transportation Statistics records 54,539 train derailments between 1990 to 2021, an average of 1,704 per year. But only an average of 4 deaths. So it’s all good.

Dude, just answer the question. Well, you already have in your own way.

More democracy in the workplace IS NOT ridiculous, except maybe to those who don’t believe that democracy can work. Worker Co-ops have been tested and it’s been a success. All of them, no.

Bwahaha… Man your indoctrination sure is showing.

https://worldpopulationreview.com/country-rankings/social-mobility-by-country

Oh no the U.S. didn’t even make the top ten. WTF? This is the greatest country in the world.

Maybe they didn’t take me out to dinner but I served them plenty of times and had several conversations with them. But I more than knew of them D-bag! Man, your stupid assumptions, lmao!

So an increase in stock share price doesn’t increase someone’s wealth? Good Lord.

Politicians NOT enforcing the law effects everyone, mostly in a negative way. Some things won’t affect me nearly as much because I don’t have a typical job nor do I have a boss. Unlike you.

So when economists have been predicting the bankruptcy of the U.S. for decades but it NEVER happens, that isn’t dumb. No not to you. These people ought to be listened to. FOH.

Ahh…because he interviews economists. Or translation:I already now everything so why listen, I might learn something that could make me question my beliefs and I’m comfortable here in my cocoon.

You advise me to read some Schumpeter. But refuse to listen to a podcast.

Except break out of the employer/employee relationship. Something most people haven’t done, although want to.

WTF! You think a corporate politician would be sympathetic to my positions?

It’s called being selfish because one has made it. Living in an insular world and only thinking about himself. If you have so much money then sell your business and do things good for people. Spend your time and money making things better for the less fortunate and the world. That wouldn’t be a waste of time! Continue to measure your worth by your wealth and inexorably making money when one doesn’t need it is much more of a waste of time.

You may THINK I’m poor but I mostly do what I want with my time.

I speak to how I’m spoken to. I figure it’s the way the other person likes to communicate. I’m not saying I always take the high road. But, have often bitten my tongue.

Too bad consolidation and oligopolies is what it leads to. Except in your libertarian fantasy world.

WTF are you talking about?

Well maybe I should just accept things as they are, like you, instead of calling out the things I believe are wrong.

So when people point out the economic injustice in this country, the are correct?

Does this excuse the unnecessary deaths caused by America? Does this excuse the acts in the footage exposed by Chelsea Manning where brave U.S. soldiers indiscriminately killed innocents(2 journalists)then laughed about it, because killing people is so funny. But that wasn’t enough for these blood-thirsty maniacs. They waited until the first responders got there and killed them to. So fucking funny.

Indeed; however, that’s human nature. You prefer to start at absolute monopoly; I prefer to start at the opposite.

You can’t give an equivalent explanation of MMT. Most people can’t explain the intricacies of e-mail, but they know they can send an e-mail to someone on the other side of the world and have it delivered in seconds.

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You missed the point yet again. Economic injustice has always been a thing since humans figured out how to make stuff and create a society.
Some win, some lose, some change their circumstances and others (like yourself) piss and moan about how unfair life is and that your just a victim of a shit system (may be true - probably is true for a large number of people). Pointing it out does what? Nothing.
And you have done nothing to change it.

Just go away.
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It’s the same tired circle jerk of your asinine comments.
Dumb comments alone aren’t bad but you’re dumb and an abrasive asshole.

This right here perfectly encapsulates why trying to talk to you is pointless. No where did I state The United States of America has the greatest upward mobility of any country in the entire world. Not to mention what you posted isn’t even economic mobility like was being discussed. It’s an entirely different metric, social mobility, that relies heavily on government run social programs as a part of the formula so it’s not a shocker at all that the US is not in the top ten.

But, that’s beside the point, there are hundreds of pathways to generate wealth in America.

On the very rare occasion that you’ve posted something even remotely worth refuting, I and other have more than done so.

You don’t understand MMT.
You don’t understand profit.
You don’t understand capital gains
You have no idea how businesses are run. At all.

It’s not done often.

Institutional investors and controlling owners.

One of your biggest problems is everything with you is really about faith. You believe in MMT. I must believe in Capitalism.

I understand, much more so than you, how and why stock buybacks occur. You will not find a statement in this thread to the contrary despite this weird strawman you’ve built in your head about the topic.

It’s not splitting hairs and you would understand that if you had even a single clue what you are talking about.

Yes, I know, I just said that.

They got a 14% raise among other things.

Has absolutely nothing at all to do with why workers were striking.

Every single school of economic thought has considered inflation more than MMT has. MMT is a fucking joke.

The problem is this dude is a trainwreck and not even an economist.

In true Zep fashion, you just shift to an entirely different topic. Co-ops exist within capitalism so they are obviously not the “ridiculous and untested alternative” I was talking about. MMT is. Please, just once, try and follow a thought.

They have no idea who you are.

Literally no one on this thread has said this.

Politicians don’t enforce the law. Do we need a civics lesson now that the economic lesson is over?

Super happy for you. I’m perfectly happy working for a company.

Provie an example of an actual economist that predicted the United States would go bankrupt. Not Social security would be insolvent, but the United States would go bankrupt.

I’m 98.99% sure he only interviews a specific set of “economists”. I highly doubt he’s provide his 12 listeners, who are all just like you, economic viewpoints counter to his ideologue.

I want you to think about what you just wrote above. I suggested you read Schumpeter specifically because of his critique of capitalism and because he is widely regarded in the economic community. You want me to listen to random people on a podcast called “Mac-n-Cheese”.

Now, I’ve got nothing against podcasts, but they are not the same as reading the work of an actual economist.

No, I don’t know everything nor do I pretend to. However, I know infinitely more about the subject than you do.

You’re really no different than all the other people that hang onto every word their favorite personality says.

You lack principles.

Now you’re just in the retailer investor/exchange relationship.

How do you square this statement with the fact that you want single-payer healthcare?

You can’t articulate the basic principles of MMT without posting a link to someone else’s words.

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Still waiting on your critique of this video since Milton Friedman is, “someone who is more evolved than I on such an important subject.” - @castoli711

Are we moving into the phase of the thread where you’re now an expert on the military you never served in?

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Seems a rather low blow. If @castoli711 had wanted to join the armed forces do you really believe that he would have been accepted? Come on, now…

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Someone has to clean the bathrooms…

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I believe Castoli would counter that someone has to serve drinks at the Officer’s Club. And he would be on a first named basis with them all.

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Corporal Castoli the toilet bowl cleaner

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