The 4 core pillars of MMT: 👇
1. Accounting: The math of government debt = private sector savings checks out & if u claim that only debt-based monetary systems can work you're good to go.
2. Human Nature: People want stuff for 'free'. Thus offering 'free' stuff financed by money printing will give you a competitive edge on the voting booth.
Furthermore, human nature has this irrepressible drive to build, invent & improve stuff, which causes technological progress.
3. Technological Progress Induced Deflation: Humans improve technologies & build better machines, factories etc. This increase in productivity reduces the cost of everything .. sandwich to aircraft carrier & it's necessary to hide the price inflationary effects of money printing.
4. Gaslighting: 3. must not be aknowledged. Burgers costing 50x more than 50 years ago is not due to money printing but the current thing. Common sense & intuitve reasoning (brrr -> price inflation) must be countered by confusing people with technicalities of the monetary system.
#bitcoin #MMT
Freezy
npub1r5…jrvel
2024-05-04 06:16:14
Author Public Key
npub1r5v4rxrdsghkn9gl2nz92elu5pkphw3wwa7mtz7hl9a80uh9hjds6jrvelPublished at
2024-05-04 06:16:14Event JSON
{
"id": "ef71fffa1715aee4a8132eac9897e8210f4368b83e23e77a37de07a008161eed",
"pubkey": "1d1951986d822f69951f54c45567fca06c1bba2e777db58bd7f97a77f2e5bc9b",
"created_at": 1714803374,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"MMT"
],
[
"t",
"mmt"
]
],
"content": "The 4 core pillars of MMT: 👇\n\n1. Accounting: The math of government debt = private sector savings checks out \u0026 if u claim that only debt-based monetary systems can work you're good to go.\n\n2. Human Nature: People want stuff for 'free'. Thus offering 'free' stuff financed by money printing will give you a competitive edge on the voting booth.\nFurthermore, human nature has this irrepressible drive to build, invent \u0026 improve stuff, which causes technological progress.\n\n3. Technological Progress Induced Deflation: Humans improve technologies \u0026 build better machines, factories etc. This increase in productivity reduces the cost of everything .. sandwich to aircraft carrier \u0026 it's necessary to hide the price inflationary effects of money printing.\n\n4. Gaslighting: 3. must not be aknowledged. Burgers costing 50x more than 50 years ago is not due to money printing but the current thing. Common sense \u0026 intuitve reasoning (brrr -\u003e price inflation) must be countered by confusing people with technicalities of the monetary system.\n\n#bitcoin #MMT",
"sig": "774692684bb8b9270ab8c6054dce3f8b0ebd7186d845205ada45fb6c42322ef9b3e08d966df550b99c9c19bfd8a4dade419c81e33e165a5712ba386e8ccd9989"
}