Teoría Monetaria Moderna - Trabajo Garantizado - Pleno Empleo - Estabilidad de Precios https://nitter.gq/t.co/JToytJ7TBs
Un país PIIGS
Joined June 2011
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Red MMT retweeted
The answer is the currency itself is a public monopolist and unemployment evidences the monopolist restricting supply (of net financial assets).
Aka, Keynes' lack of effective demand story.
And to the classics point that ex monopoly there's no unemployment.
Red MMT retweeted
The libertarian solution to child labour is to explain that children wouldn't be working in factories unless the market had determined it was their most productive use.
Red MMT retweeted
📢 🇲🇽 UNAM l 4.º Ciclo de Conferencias "Desarrollo económico y análisis estructural"
🏭 Cambio ocupacional, transformación productiva, sostenibilidad y heterogeneidad estructural.
📅 12, 19 y 26 de noviembre
🕚 11:00 h (CDMX) | 💻 Online
🔗 depfe.unam.mx
Red MMT retweeted
España gasta bastante menos en pensiones públicas que muchos países de su entorno. Tenemos margen para recuperar la edad de jubilación de los 65 años y subir las pensiones más bajas.
23% of GDP in #OECD and EU countries is spent on social protection, and the bill is set to rise.
Find out how governments can build sustainable and effective social protection systems: brnw.ch/21x6Iks
Red MMT retweeted
Los bancos llevan metiéndonos miedo con las pensiones públicas desde hace décadas, sólo para que las privaticen o para que corramos a contratarles a ellos pensiones privadas. Pero las únicas pensiones que quiebran son las privadas, no las públicas!
Red MMT retweeted
MMT isn't saying governments should print money. It's saying they ALREADY do. That's just a fact.
Red MMT retweeted
El coste de oportunidad de no gastar: ¿qué estamos sacrificando en nombre de la sostenibilidad fiscal? elcomun.es/2026/10/28/el-cos…
Red MMT retweeted
The Cato Institute is just the Mises Institute for libertarians who learned how to bullshit without drooling on themselves.
Red MMT retweeted
Escribo en @diarioelcomun sobre lo que sacrificamos en nombre de la sostenibilidad fiscal y sobre una pregunta que rara vez aparece en los debates económicos: ¿Cuánto nos cuesta realmente no gastar?
Este es el verdadero coste de oportunidad @RedMMT
🔗elcomun.es/2026/10/28/el-cos…
Red MMT retweeted
¿Coste de oportunidad? El cáncer que se detecta tarde, la salud mental abandonada, la escuela sin recursos, la vivienda inaccesible, el incendio sin prevenir, la ciencia sin fondos, las infraestructuras deterioradas. Para unos ahorro y negocio, el resto pagamos con nuestras vidas
Red MMT retweeted
I'm proposing we replace the IS-LM model with a drawing of two drunk guys fighting over a $20 bill.
Red MMT retweeted
We're taught that the central bank and Treasury inhabit separate worlds. Then we discover that public payments, bank reserves and government debt involve interconnected operations. Institutional independence doesn't erase operational interdependence
Red MMT retweeted
In a monetary production economy, banks create money by lending, not by handing it out in turns. Property and power shape access to credit. Backstop finance, austerity for everyone else? That’s capitalism protecting itself. Blaming money is the alibi
Falls ihr es noch nie gehört habt: Lernt, was der Cantillon-Effekt bedeutet.
Neues Geld landet nicht gleichmäßig bei allen. Wer es zuerst bekommt (Staat, Banken, Großkonzerne), kauft Dinge, bevor die Preise steigen. Wer es zuletzt bekommt (Arbeitnehmer, Sparer), zahlt schon die höheren Preise.
Deshalb:
– steigen Immobilien und Aktien schneller als Löhne
– wird Wohneigentum für viele unbezahlbar
– profitiert, wer Vermögen besitzt, und verliert, wer nur Einkommen hat
– geht die Schere zwischen Arm und Reich immer weiter auf
– fühlt sich das Leben an wie ein Hamsterrad, in dem man trotz Arbeit nicht vorankommt
Je mehr Geld ins System kommt, desto unfairer wird es verteilt. Das Problem ist nicht der Kapitalismus, sondern unser Geldsystem.
Red MMT retweeted
As PM, Liz Truss always had the upper hand over the BoE.
The BoE did it, because she allowed them to do it....perhaps she didn't know any better.
Red MMT retweeted
here is a former US Fed Governor saying exactly that in @business all the way back in October 2022
Red MMT retweeted
this message is essentially correct, however much you dislike the messenger.
The Bank of England has enormous gilt powers, it deployed them to pressure Truss into fiscal orthodoxy, and it did a U-turn last month that helped the Burnham government
mainstreamlabour.org/publica…
Red MMT retweeted
En efecto, el banco central del Reino Unido controla a voluntad su prima de riesgo. En pandemia la controló para poder expandir el gasto sin problemas. En 2022 la dejó subir para disciplinar a Truss. Y ahora la está controlando para ayudar a Burnham.
Pero oye, te seguirán diciendo que el poder lo tienen "los mercados"...
Red MMT retweeted
The libertarian solution to every market failure is to remove whatever regulation was preventing the market failure from becoming substantially worse.
Red MMT retweeted
Steve Keen's greatest mistake was assuming economists would be interested in discovering that their theories might be wrong.
Red MMT retweeted
1/11 The FT prescribes austerity for Lula to reassure markets. But financial confidence is not synonymous with development. Who decides what counts as “responsible” economic policy? Brazil has a mature intellectual tradition ready to challenge that premise. 🧵🇧🇷
The entire Financial Times editorial board has published a piece urging Lula to cut government spending and appoint a finance minister who enjoys the confidence of investors.
I get the impression that the FT editorial board has never opened an economics book other than some outdated introductory macroeconomics textbook, perhaps something by Mankiw. Otherwise, it's hard to explain such astonishing arrogance and economic ignorance.
Lula and the Brazilian people have absolutely no reason to bow to the demands of financial markets. Brazil is Latin America's largest economy, a major regional power, and a country with a high degree of monetary sovereignty. Around 97% of the central government's debt is denominated in its own currency, the Brazilian real.
The relationship between the state and financial markets is therefore nothing like the FT portrays it. Brazil is not dependent on financial markets. On the contrary, financial markets depend on government spending, which creates financial assets for the private sector, while government debt denominated in the national currency is one of the instruments through which those assets are held.
What Brazil needs is not capitulation to financial markets, but an independent economic policy focused on expanding production, creating jobs, and improving people's living standards.
Armed with the insights of heterodox economic theory, Brazil has the potential to show the world what a genuine economic miracle looks like. ft.com/content/79785581-88c2…
