@hexmark.bsky.social

hexmark.bsky.social reposted

@katiecannon.bsky.social

Our government creates our legal unit of account out of thin air Banks create loans out of thin air “The Dangerous Myth of Tax Payer Money” where the rich “pay for” the poor, men for women, whites for people of color, is destroying our country www.jezebel.com/the-dangerou...

jezebel.comThe Dangerous Myth of 'Taxpayer Money'Since 2007, Jezebel has been the Internet's most treasured source for everything celebrities, sex, and politics...with teeth.

hexmark.bsky.social

@hexmark.bsky.social

5 Aug

The answer is that all federal spending is new money creation. Heterodox economists (mostly MMT) have been explaining this for decades...remember when Musk found the Magic Money Computers? Instead of using that info and wielding it, we get this feigned bewilderment of the monetary system on repeat.

Zeteo@zeteo.com

“We are told we don't have enough money to feed our children… But somehow we have enough money for this foreign nation...” @mehdirhasan.bsky.social & @ilhanmn.bsky.social discuss the influence of money in U.S. politics, from funding war in Israel to AIPAC’s future. Watch: zeteo.com/p/live-from-...