“Therefore: bonds are not 'lending' the govt its own currency. They are a savings scheme for people with excess income.” (Richard Phillips)
— AXEC (@EgmontHandtke) April 28, 2026
Another example of the stupidity of MMTers.
The free-market economy runs on profit. Macroeconomic profit is given by the axiomatically…
The art of propaganda in general, and of MMT in particular, is to sandwich a lie between two truths.
— AXEC (@EgmontHandtke) April 28, 2026
Not all MMT statements are false. What MMTers hide is that Public-Deficit-Is-Private-Profit. This is, in essence, what the current economy drives. POTUS is on track to deliver…