Damus
BlueDuckBTC · 2w
Allocation of resources is not creating money.
๐Ÿ‡ฉโ€‹๐”ข๐” ๐”ข๐”ซ๐”ฑ ๐Ÿ‡ผโ€‹๐”ฆ๐”ฐ๐”ก๐”ฌ๐”ช profile picture
Creating money is not that...

"Coined by Australian economist Bill Mitchell and popularized recently by Democrats like Rep. Alexandria Ocasio-Cortez to fund programs such as the Green New Deal, MMT holds that a country with its own currency can spend almost unlimited sums of money. While government spending is normally financed by either taxes or borrowing, MMT suggests that governments can also do this by simply creating money."
1
BlueDuckBTC · 2w
She didnโ€™t want to create money, just raise taxes on the wealthy elites who pay less taxes in percentage than blue collar workers. Also she wanted to stop subsidizing oil companies and redirect that money to renewable energy, like China and many other countries have successfully done. GND was just...