This guy nailed it! This is what mainstream economists don't understand, they might say and accept it just to win the debate but practice and implement just opposite of it!
#NeoclassicalEconomics
#TrickleDownEconomics
Another piece of evidence that shows that Zionism is a toxic ideology. When this venomous zionist knows nothing about the attire of Indian women then why is he talking so much nonsense about it?
@julianoakes
@Katsikajules
@umyaznemo
He is not a Palestinian,
𝙝𝙚 𝙞𝙨 𝙖𝙣 𝙀𝙭– 𝙄𝙎𝙍𝘼𝙀𝙇𝙄 𝙤𝙛𝙛𝙞𝙘𝙞𝙖𝙡 𝘿𝙚𝙣𝙞𝙖𝙡 𝙇𝙚𝙫𝙮. Listen to what he is saying about crimes Israel has been committing for several decades and how the European Union has granted impunity to Israel! 𝙒𝙞𝙩𝙝𝙤𝙪𝙩 𝙩𝙝𝙚 𝙚𝙣𝙙
Watch the UNICEF Spokesperson expose all the lies of the US and Israel that they are doing everything to make aid reach the Gazans! The evil politicians are DOING NOTHING to help Gazans!
The only objective of the Western governments is to starve and kill as many Palestinians as
Being a high school teacher, I teach (mainstream)economics to 11th and 12th graders. After reading and understanding Modern Monetary Theory, one thing is clear what an utter crap I teach (particularly macroeconomics) to my students in school!
Mainstream economics is economic
Watch, listen & understand the importance of real resources. The govt & banks CAN create as much money as they want but the main problem does the economy have enough real resources to purchase by purchase by the money created by them.
Mainstream economics is not economics it is only a destructive ideology. Mainstream economists lied openly about South Korea's Industrial policy, Probably the most planned economy outside the soviet union! Prof. Haa-Joon Chang exposed them! Neoclassical economics = nonsense!
Here
@rohangrey
explains that why mainstream economic thinking is fundamentally flawed about what causes inflation. It is all about the availability of real resources. Just coz something is not showing up on govt balance sheet doesn't mean it is not causing inflation!
#MMT
Watch, listen and learn! The monster of quantitative finance was the result of destructive neoliberal economic thinking also it resulted in the misallocation of real resources (the academic job market for physics was destroyed and they were forced to move to financial markets)
Watch this video,
@SanaSaeed
from
@ajplus
explains how only Arabs and Muslims are expected to condemn Hamas while Western leaders are given a free pass to say anything about the occupied population and land! The Western media/propaganda machine of the US and Israel always trying
Listen to
@rohangrey
explaining about inflation. Inflation is always everywhere a lack of real resources and lack of productive capacity phenomenon and not the monetary phenomenon. What really matters is how and on what the money has been spent and not where the money will come
He was wrong about everything in economics and is directly responsible for the current economic mess! No inflation is NOT always and everywhere a monetary phenomenon!
Managing inflation by keeping people unemployed has proved to be the most destructive idea in the history of economics n the worst part is this idea has become the main policy tool! How can we be prosperous & growing societies if people remain without income n work for decades?
You control their basic right to have access to something as basic as water and then evil Israel and its boss the US expect that Palestinians should remain quiet and do nothing about it! Palestinians have every right to resist!
#Gaza
#FreePalestineFromIsraeINOW
The main mistake in economics was the shift from the idea of full employment or having enough jobs in the economy to the idea of a "trade-off" between inflation n unemployment and since this shift govts accepted the nonsense that higher unemployment is better than inflation!
@Advaidism
Just change the name from Pravin MISHRA to some Muslim name and then see the reporting and criminal proceedings in the Kangaroo Court of Indian media!
Please sir do not use the words “money printing” It is a myth and mainstream economic thinking nonsense. The government spends via crediting the bank accounts as she explains. “Money printing” creates a false notion as if the government is printing physical currency notes and
Great to see MMT advocate Stephanie Kelton on Q&A - she’s absolutely right that Australia could print huge sums. Albo should print $70b and nationalise Transurban, providing enormous cost of living tolls relief in Melbourne, Brisbane and Sydney. You know it makes sense.
The global left wing is losing the economic debate every day because while arguing they are using the same wrong economic concepts and language that followers of economic orthodoxy use.
India WILL
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
NEVER
BE A HINDU RASHTRA!
#IndiansAgainstCAA
This is the
#HomeMinister
of India Mr
@AmitShah
says non Muslims don't need to submit documents for NRC will be given citizenship directly.
All those who don't understand
#NRC_CAB
draconian law need to see this interview.
#JaagoIndia
One of the most fundamental differences between MMT thinking and all schools of economic thinking is that none of the other schools recognized that currency is a public monopoly, the government is the single supplier of currency, and it is a coercive monopoly. The government
When
#MMT
says that the currency-issuing govt can purchase anything that is for sale in the currency it issues, including labor, this means that the govt chooses the unemployment rate. A high unemployment rate is always a political decision rather than decided by ‘market forces'.
@TheEqualityLab
जो लोग वातानुकूलित हॉल में बैठ कर मेरिट की बात करते हैं और #आरक्षण के विरोध में ज्ञान देते हैं उनको एक बार भारत जरूर घूमना चाहिए! पूरा वीडियो देखियेगा! #जातीवाद
The main challenge for
#MMT
is to make people understand that they have been fooled by mainstream economic thinking! It is easy to fool people but it is very difficult to make them understand that they have been fooled!
MMT ≠ socialism
MMT ≠ capitalism
MMT ≠ communism!
Modern Monetary Theory (MMT) is a lens through which one see clearly how fiscal operations of any currency-issuing government affects economy as a whole. There is one policy proposal i.e.
#JobGuarantee
.
Nonsensical economic ideas that have caused maximum damage to economies across the globe!
➡Barter system
➡National debt
➡Money printing
➡Money multiplier
➡Taxpayer's money
➡Loanable funds
➡Exports are good
➡Free markets
For those who day and night spread the myth that govt spending is wasteful, Andhra Pradesh in India is a state (currency-user) and not a federal govt (currency-issuer). She is able to speak with such fluency only and only because of govt spending on edu. Govt spending is USEFUL!
आंध्र प्रदेश सरकार ने राज्य के सभी सरकारी स्कूलों को इंग्लिश मीडियम बना दिया। अब इसके परिणाम सामने आ रहे हैं तो चिढ़ने वाले इन बच्चों की अमेरिकन इंग्लिश का मज़ाक़ उड़ा रहे हैं। चुटकुले बनाए जा रहे हैं। लेकिन खेल हो चुका है। अब गाड़ी पीछे नहीं जाएगी। शुक्रिया
@ysjagan
People in Patna, the capital city of Bihar, are paying price of ₹103/L for petrol and each Bihari earns ₹126/day according to RBI report, that is about ₹46252 annually. That's per capita income of the people in Bihar.
#PetrolPrice
The people of India have shown that they are ready to quietly buy petrol at a price of more than ₹100/liter, for the same development model in which there is no place for it. The public has quietly accepted the false narrative that there is no alternative!
#PetrolPrice
’10’ Great Reasons Why
#PalmOil
is Bad!
1) Deforestation
2) Soil degradation
3) Loss of biodiversity
4) Health Risks to Humans
5) Socio-Economic and Livelihood Loss
6) Global Warming
7) MethaneEmissions
8) Species Extinction
9) Threatened Orangutans
10) Water Pollution
@DalrympleWill
@thetimes
The problem is Palestinians have to prove that they have been bombed and massacred but Israelis don't have to do much to make the world believe that they are the victims!
The effect of the
#BDS
movement is becoming visible, firms are understanding the power of peaceful protest. We must continue to resist, continue to raise our voices against the inhumane actions of the Israeli government and corporations that are supporting Israel. That land
A more or less "free market" system does not (and, perhaps, cannot) continuously generate true full employment. And no civilized nation should allow a large portion of its population to go without adequate food, clothing, n shelter. There is an option and that is -
#JobGuarantee
It has been more than 20 years since the Japanese government adopted the
#ZIRP
or Zero Interest Rate Policy. Isn't
more than 20 years long enough for a country to go bankrupt and face an unprecedented rise in prices? The sky must have fallen on Japan's economy by now!
This is because
#China
knows where the money is and how much actual resources will be required to achieve this speed.
But in India, we have been looking for money for the last 75 years and that too in the private sector🤦.
Our policymakers have forgotten that the private
Watch, listen and understand how private debt is created always and everywhere. There are two sectors in the economy private sector or non-govt sector and the govt sector. Money comes from the latter!
@ProfSteveKeen
@pujamehra
'Less cash economy'? The biggest argument given by the government in favour of
#Demonetisation
was that it would make India a “less-
#cash
” economy, but the RBI’s provisional data on gross financial savings for 2017-18 presents a different picture.
#RBI
There is no other profession that has as much damage to societies as the economics profession has caused. Every government is fully capable of changing the lives of millions who struggle to make ends meet every single day, not allowing poverty to be passed from one generation to
This video by
@DiEM_25
has completely exposed the real demons behind Israel who are directly responsible for what is happening in
#Gaza
! These monsters have bombed schools, hospitals, and residential buildings and left no stone I turned to kill innocents!
@umyaznemo
@
@julianoakes
We should listen to Randall Wray and learn.
"Finance is not a scarce resource" The policymakers in India, I don't know why, are unable to understand this simple fact! In the name of financial reforms, we are just throwing the entire economy in the hands of vultures in the
"Ambani's contribution to increasing unemployment in India will always be remembered. Now these 42000 people can freely participate in national service without any worry of employment."
भारत में बेरोज़गारी बढ़ाने में अंबानी का यह सहयोग हमेशा याद रखा जाएगा।
अब ये 42000 लोग नौकरी की चिंता से मुक्त होकर राष्ट्रसेवा में खुलकर भाग ले सकते हैं।
@Advaidism
Simple google search would have made the finance secretary understand why there is an urgent to fund education n hire new teachers! India is a teacher-deficient country, covid just added insult to injury! The main target of this govt is to satisfy gamblers in financial markets!
It wasn't the free market that converted South Korea, Singapore, and Taiwan into "Asian Tigers", it was the strict implementation (almost dictatorial in some cases) of protectionists policies by the government and ensuring that local businesses do not become monopolists
@sandeep_PT
What we have is the most morally corrupt government in the history of this country. Corruption and communalism are the core ideologies of the BJP.
Listen to this, how the illegal detention system works against the Palestinian children in the West Bank. Israel is the only so-called country that has a military juvenile detention system for children as young as 12 years old, don't forget there is no Hamas in the
#WestBank
!
@Enraged_Indian
Until the masses are going to understand that utter crap is being served to them in the name of news and the news channels who genuinely question the government are being forced to shut down because the Indian Prime Minister is misusing his brut majority nothing gonna change.
Does this man really understand how the US government spends why it imposes taxes and why the US government issues bonds? Why do these people keep spreading lies about the US government's debt and its impact?
As I always say it's the private debt that causes the max damage but in the mainstream media all we hear and read about is the national debt!
The fact is a financial mess is NOT caused by national debt it is always caused by the private debt!
@PaulGambles2
@ProfSteveKeen
The cartoonists must have a clear understanding of mainstream economic policies and their dire consequences. I doubt that there can be a better way to present what's happening in the global economy. In the case of India GDP does not even include almost half of economic activity!
@snarwani
No doubt about it Sharmine. If the US really wanted to help, it had all the options apart from this so-called Aid Pier available at its disposal. It is just another failed election propaganda. The core purpose of this pier is only and only military use.
Some of the most common nonsense about
#MMT
from the anti-MMT gang!
>Money-printing!
>QE was MMTer's idea!
>MMT says deficits do not matter AT ALL!
>MMT doesn't care about inflation!
>MMT =Keynesian economics!
>There is nothing new about MMT!
>MMT is a political "movement"
@pujamehra
Mam he has no other option but to "Yes" to every action taken by this govt.
#Demonitization
was a disaster and
#MSME
sector is still in mess.the latest
#RBI
figures showing that their
#loandefault
margin doubled over the last year frm Rs 8,249CR by March 2017 to Rs 16,118CR .
This is happening in a country which is growing at a lightning-fast rate! What's the point of all the economic growth if half of the population is not even getting three meals a day? Also, India is an agrarian economy, so why we are not able to feed our population? When the
Instead of reducing the cost of education by investing in education, the US govt thought making education “affordable” by giving loans to students is a better idea. 🤦Can there be a better example of failed mainstream economic thinking?
Will
#BenjaminNetanyahu
accept the challenge of this Doctor who has worked for 16 years in
#AlShifa
hospital? Israeli fake news factory is working day and night to create reason to kill the children of
#Gaza
and the patients!
@DalrympleWill
And this even though there is no Hamas in the
#WestBank
. All the talk of a two-state solution is simply a diversionary tactic. How can you have a two-state solution along with criminal settlements, violence against Palestinians in the West Bank and non-recognition of Palestine as
Watch, listen, and understand the difference between Anti-Semitism and anti-Zionism, and also understand how the Israeli and the US propaganda machine spread the myth of the two being the same!
Prof. Avi Shlaim, the best mind on the subject, also explains "The Boycott,
Tax collection is fundamentally an accounting record of the money destroyed in the economy after the govt has spent it, there is no recycling of money, and bond issuance is not a fiscal operation it is a monetary policy operation to hit the specific target rate of interest.
@sahouraxo
There is entire machinery working day and night to build and spread the narrative that how good is the US for Afghanistan! Images like this one do not at all change the fact that the US is one of the most important reasons behind the destruction of
#Afghanistan
!