General Politics Discussion (V) [ARCHIVED] • Page 1733

Big win for local organizing if true.

Even worse week for Bezos too.

 

Lol the GOP suddenly very very concerned about the way arrests can be overly aggressive...even Whitaker has to push back against them because of his position...pretty hilarious.

 

I didn’t listen to this but I figured the topic might interest some here

 

There was apparently some FAQ that AOC’s team put up on it prior to the launch of the actual resolution language. I guess it contained some parts about not being open to carbon capture and nuclear and things like that. However, the actual resolution doesn’t endorse or prohibit any of that and I guess they took down the FAQ at some point

 

What is MMT?

 

Some loser on twitter is convinced the text they released yesterday definitely says we’re gonna be banning red meat.

 

Modern Monetary Theory that is a heterodox macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that a currency monopolist is restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. The approach of MMT typically reverses theories of governmental austerity. The policy implications of the two are likewise typically opposed. MMT is seen as an evolution of Chartalism, and is sometimes referred to as Neo-Chartalism.

 

solidarity with Assman

 

How is this license plate not already taken by Billy Gunn

 

And now I’ve reminded myself that there used to be a wrestler who literally wore briefs that said “Mr. Ass” on them

The attitude era of WWF/WWE is a national treasure.

 

He's still going. He's helping launch a new company with the owners of the Jaguars haha

 

We could probably as a thread pull together $100

 

In MMT, "vertical" money enters circulation through government spending. Taxation and its legal tender enable power to discharge debt and establish the fiat money as currency, giving it value by creating demand for it in the form of a private tax obligation that must be met. In addition, fines, fees and licenses create demand for the currency. This can be a currency issued by the domestic government, or a foreign currency. An ongoing tax obligation, in concert with private confidence and acceptance of the currency, maintains its value. Because the government can issue its own currency at will, MMT maintains that the level of taxation relative to government spending (the government's deficit spending or budget surplus) is in reality a policy tool that regulates inflation and unemployment, and not a means of funding the government's activities by itself.

 

Seriously there isn’t anybody on twitter better at making people mad and incredulous that Matt Y

 

Bruenig is a very good speaker and Klein may forever be a dork but he seems to becoming significantly more aware that policies =/= politics

 

Mmmmmm this is relevant to all of my interests.

 

This kid got better treatment than Roger Stone

 

If you want a dose of happiness today, to distract from the terrible news around us, I recommend watching/listening to this