Economic investigator Frank G Melbourne Australia is following this content cheers Frank

An interview she did on Feb 8, 2024 titled “Was MMT right about inflation?” at 12:25 she says, “We are getting real GDP numbers that are eye popping”---She is ignoring the elephant in the room which is, how much debt was incurred to get those “eye popping numbers”? In 2023 the US government borrowed $3.2 Trillion, of which only $2.4 Trillion of GDP was recorded. The remaining $800 Billion generated ZERO economic activity whatsoever. She talks about the “multiplier effects” yet every 5 year period since 2006, GDP grew by much less than the increase in the debt which means that money vanished without generating any GDP activity. We would have been far better off taking the entire $3.2 Trillion borrowed and spent it entirely on battle tanks and aircraft carriers. We would have gotten at least $3.2 trillion in economic activity from such wasteful spending and that is with no economic multiplier effect, which is pretty hard to do. This consistent, horrific economic multiplier effect of less than 1, for the last 18 years goes against MMT theory. This theft from the US populace shows that government cannot, and should not manage all but the smallest amount of public money since they are evaporating money in a way that not even the Mafia could do.

To me, the important variable is the money supply. If increased government spending is financed by the Federal Reserve increasing the money supply and inflation is not a consequence of that spending, I don't see the harm from a fiscal debt perspective.

How IT works:- "What goes around comes around", elemental e-Pi-i sync-duration numberness congratulations in connectivity function, THE pure-math relative-timing rates fact. Aka Calculus. Input output budgets are economic, in ecology and "Physics is Everything" in temporal superposition cause-effect. (I know nothing, because it's all temporary) The AM-FM economy is shifting shaping empirical laws of logarithmic coordination metastability.., it goes around in sync-duration continuity with the viewable objectives of the Cosmological Universe in entirety. (Get used to it)

In an emergency, such as the covid pandemic, spending to rescue the economy from further decline is warranted. If the same thing had happened at the time of 1929 financial crises, we would have avoided the economic depression of the 1930s.

The difference between War and preparation for Defence seems to have eluded the audience? The inherent value of what is being defended is what appears to prompt money creation and assumed deficits. It's a mystery why warmongering is a substitute for Health and Education when those are what the Defence of all values creates and relies on. Or, What is the significance of "Dark Money" and the availability of defence services for reiterating education and health problems on the National level. Eg the Captain of a Nuclear Powered Aircraft Carrier gets punished for his primary duty of protecting his Crew so that he can protect the ship and the world against.., what?

18:10 covid trlns (really still upward transfer, but theoretically could have been good.) _JC

*1:00:28** EBONY, BEHIND YOU!* 0_0 _JC

11mths since last here. _JC

*13:00** they do know that is why hillary lost & why ppl h8 the clintons generally, hey?* or do they really think that works. thats why trump won. _JC

Another Australia Institute video on policies, ones that are "Designed to Fail" is overly specific to current events, when a more complete analysis of all the contributions to the observed MMT Provisioning concept it is really obvious actions that shows how it is composed of a collective predatory misinformation philosophy that's always held in Pirate-d Empire, (never a Jubilee), frozen hierarchy of mafia-like silence, or covering glory of war-wining stories that are totally inverted truth. The Observable result of which gives us the result that a good theory applied to a reverse process is obviously totally superficial and inadequate to correct the empirical shaping laws of Authoritarian Empire, the same mechanism is of the "legalisation" required to make an inverted "right-left winging it" militaristic system appear democratically legitimate. You can't win if winning is the privileges of individuals in reciprocal to collective gain, Actuality is a metastable zero sum, Recursion to the Mean of Absolute Zero.., balance of probabilities, and so for all theory that has this requirement to be Observable proof-disproof sustainable in the holistic ecologically, ie in the Gaian Planetary Perspective Principle common sense objective. Stephanie's answer to the money supply question and how it's created as a promise to pay for Civilization at the collective expense of the people subject to Government Rule/Policy is "where it all goes wrong" if Governing Accountability, Policing, is not prioritised. In the QM-TIME Completeness cause-effect Universe, Physicists are automatically Quants in the pure-math origins of this Ecology. We have "massive reserves" of thinking power to be applied to Transactional Actuality. Our politics of Conquest for privateering profits, at all costs to everyone not in the "pretend to defend" Great Game, drives us MAD.

MMT = Modern Monetary Theory. TMFA = Too Many Flaming Acronyms. 😵‍💫

You need to edit this to a 3 minute best of video. No one will watch this if posted to social media!

Good one Ebony Bennett - You have made a fool of yourself or exposed your incompetence and inability to see through what is pure rubbish. One wonders whether you did any homework on the subject at all or you are so financially incompetent you couldn't make head or tail of what you read. You took seriously a whacky theory like MMT that defies simple arithmetic and belongs in the world of dreamers. The whole theory is full of contradiction and confusion of terms and obeys no consistent set of concepts or definitions. Example - One minute surplus flows between sectors are flows then they are surpluses then they are savings. The next minute taxes put value into money then later they are not needed and if you don't believe there is a problem with that then you need to see the historical failure of taxes to put any value into the money of countries where inflation made the money worthless.

Buy Bitcoin.