maugendre - Network

"The wealthier a household was in 1990, the quicker its wealth has accumulated in the years since. While the top 1% grew its share of...

"The wealthier a household was in 1990, the quicker its wealth has accumulated in the years since. While the top 1% grew its share of total household wealth, all other U.S. wealth groups have seen their shares decrease."

https://archive.is/20250430155240/https://www.wsj.com/economy/1-trillion-richest-families-wealth-increase-bc13874a h/t @John

#wealth #money #accumulation #redirection #appropriation #USPol #neoliberalism #RonaldReagan #taxes #assets #savings #estate #property #ownership #finance #economy #economics #inequalities #concentration #families #TaxTheRich #billionaires

Federal “debt” is the total of outstanding #Treasury #Securities.The US government could pay off all its so-called “debt” tomorrow...

Federal “debt” is the total of outstanding #Treasury #Securities.

The US government could pay off all its so-called “debt” tomorrow simply by debiting all Treasury-security accounts and crediting the Treasury-Security owners’ checking accounts.

The entire process neither adds nor subtracts money from the economy (but for interest paid).

#obligations #bonds #liquidity #borrowing #debt #money #Treasury #PublicTreasury #currency #MMT #policy #economy #credit #economics #macroEconomics #USPol

"Because the federal government has the unlimited ability to create dollars, it neither taxes or borrows in order to obtain dollars. It...

"Because the federal government has the unlimited ability to create dollars, it neither taxes or borrows in order to obtain dollars. It simply creates them ad hoc. Tax dollars are destroyed upon receipt.

"When you pay your taxes, you take dollars from your checking account. […]
When they reach the Treasury, they cease to be part of any money supply measure. They effectively are destroyed. To pay its bills, the federal government creates new dollars, ad hoc."

https://mythfighter.com/2025/03/02/a-summary-of-what-you-should-know-about-americas-economy/

#fiatMoney

“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”...

“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”

– Eric Tymoigne is an associate professor of economics at Lewis & Clark College, NY, who specializes in the fields of #money and #banking, monetary theory, and financial macroeconomics

@economics

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT

“The exported goods are not paid for in gold, however, but are exchanged for a claim, which, even if it is paid for, remains a claim –...

“The exported goods are not paid for in gold, however, but are exchanged for a claim, which, even if it is paid for, remains a claim – the only difference being that it is no longer directed at a private entrepreneur, but at a bank. The buyer has exchanged the purchased goods for his bank claim in the case of direct payment.”

Joachim Nanninga, 2022 (in German) https://www.relevante-oekonomik.com/2022/03/02/der-stolperstein-der-zahlungsbilanz-kapitalexport-oder-kapitalimport-das-ist-hier-die-frage/

#currentAccount #imports #exports #credit #debt #money #MMT #tariffs #tradeDeficit #internationalTrade

Sovereign states invest or spend as much as they want by issuing they own money and credit.#fiatMoney #moneyIssuance #moneyCreation...

Sovereign states invest or spend as much as they want by issuing they own money and credit.

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #money #slogan #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #administration

Nobody ever reimburses national debt. Sovereign states restructure it.#bonds #liquidity #liquidities #securities #borrowing #debt #deficit...

Nobody ever reimburses national debt. Sovereign states restructure it.

#bonds #liquidity #liquidities #securities #borrowing #debt #deficit #money #Treasury #PublicTreasury #currency #MMT #policy #economy #credit #economics #obligations #titles #slogan #macroEconomics #rents #funding #politics

“The U.S. government is not like a household. It is the issuer of the currency. It doesn’t need to ‘get’ money from anyone...

“The U.S. government is not like a household. It is the issuer of the currency. It doesn’t need to ‘get’ money from anyone else—not from taxpayers, not from China.”

– Stephanie Kelton (economist, former US Senate Budget Committee Chief Economist)

#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #USPol #USA #Treasury #Kelton #StephanieKelton

Is borrowing a burden on future generations?No, it's not: if the borrower is a nation-state, then no person (children or taxpayers) will...

Is borrowing a burden on future generations?
No, it's not: if the borrower is a nation-state, then no person (children or taxpayers) will be asked to repay.

“Paying off the debt” is just the sovereign swapping Treasury securities (savings) for cash. No burden is passed on to persons.

#debt #Treasury #slogan #deficit #money #liquidity #liquidities #currency #MMT #transactions #economy #credit #economics #administration #government #sovereignty

Sovereign states obtain funding by issuing they own money and credit.#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power...

Sovereign states obtain funding by issuing they own money and credit.

#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #administration

“As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e. unable to...

“As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e. unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.”

– St. Louis Fed, in their publication titled “Why Health Care Matters and the Current Debt Does Not”

#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #publicHealth

During 1992–2020, the USA had low and stable #inflation.Despite massive federal deficit spending, the Fed met its 2% inflation target (or...

During 1992–2020, the USA had low and stable #inflation.

Despite massive federal deficit spending, the Fed met its 2% inflation target (or missed below it) for most of this era.

How come? There were no serious shortage of resources. (Thanks to: no cold war, globalization, bad working conditions, stable commodity supply, increase of greenhouse effect.)

#money #deficit #debt #interestRates #yields #price #pricing #prices #value #markup #economy #economics #economics101 #MMT #CPI #commodities

Who can massively spend without obtaining money?A currency supplier: any monetarily-sovereign administration.#slogan #slogans #quotes #debt...

Who can massively spend without obtaining money?

A currency supplier: any monetarily-sovereign administration.

#slogan #slogans #quotes #debt #deficit #sovereignty #money #centralBanks #currency #MMT #power #statehood #settlements #transactions #policy #government #politics #economy #policies #economics

@economics-that-works @economics 🧵"Because trading currencies to balance trade positions is so profitable, Wall Street has blocked...

@economics-that-works @economics 🧵

"Because trading currencies to balance trade positions is so profitable, Wall Street has blocked every attempt by the American or any other administration to do anything about currency speculation."

"Trump and the financial markets: It could be quite simple": https://www.flassbeck-economics.com/trump-and-the-financial-markets-it-could-be-quite-simple/

#Flassbeck #tradeDeficit #trading #Devaluation #tariffs #dollar #MMT #money #currency #Germany #US #USPol #economy #economics #Navarro #Trump #POTUS

Larry Summers: “If China wants to sell us things at really low prices and the transaction is we get solar collectors or we get batteries...

Larry Summers: “If China wants to sell us things at really low prices and the transaction is we get solar collectors or we get batteries that we can put in electric cars and we send them pieces of paper that we print. Do you think that’s a good deal for us or a bad deal for us?”

Who’s more “cheated”: the party doing the hard work of producing goods at very low prices on razor-thin margins, or the party that simply prints an infinite amount of fiat money to pay for all this stuff?

#tradeDeficit

"Usually when a #recession is in the offing, government bond prices rise as investors look to a ‘safe haven’ from a stock market...

"Usually when a #recession is in the offing, government bond prices rise as investors look to a ‘safe haven’ from a stock market crash. But this time, bond prices and the dollar rate are also diving – as fears of rising inflation and worries about the security of holding dollar assets take over. The fall in the stock and bond markets are presaging the big fall in production and employment in the US and elsewhere".
https://thenextrecession.wordpress.com/2025/04/09/trumps-slump/ 🧵

#economy #degrowth #tariffs #china #USPol #unemployment

"Commission President von der Leyen has embarked on a radical deregulation campaign, with the clear intention to dismantle rules that...

"Commission President von der Leyen has embarked on a radical deregulation campaign, with the clear intention to dismantle rules that business lobbies dislike, including social and environmental standards. The EU has seen deregulation waves before, but it’s very different this time: it’s not only far more comprehensive and ruthless, there’s unprecedented levels of support for it among governments and in the European Parliament."

by @corporateeurope: https://corporateeurope.org/en/2025/04/why-progressives-must-organise-stop-eus-deregulation-wave

#Europe #EU #growth

Dr. Emily Judd: "The impact of anthropogenic climate change is (and will continue to be) determined by the rate of change (meaning how...

Dr. Emily Judd: "The impact of anthropogenic climate change is (and will continue to be) determined by the rate of change (meaning how quickly CO2 and temperature change) much more than the absolute temperatures, themselves."

cited by @hausfath there: https://www.theclimatebrink.com/p/climate-skeptics-have-new-favorite 🧵

#massExtinction #massExtinctions #climate #climateChange #globalHeating #climateBreakdown #climateHeating #quotes #research #study #CO2 #emissions

Changing our diets and ways of producing food is crucial to combat climate change and increase human health. A key change is lessening the...

Changing our diets and ways of producing food is crucial to combat climate change and increase human health. A key change is lessening the impact of meat and animal products like eggs and dairy. 🧵

#FAO #animalProduction #animalWelfare #food #animal #animals #welfare #deforestation #beef #chicken #poultry #imports #exports #agriculture #freeTrade #eggs #milk #diet #dairy #publicHealth #OneHealth #inflation #GreenHouseForcing #emissions #trade

On #tariffs:"Retaliation by other countries will lead to a fall in US exports. In the 1930s, after the Smoot-Hawley tariffs were...

On #tariffs:
"Retaliation by other countries will lead to a fall in US exports. In the 1930s, after the Smoot-Hawley tariffs were imposed, retaliation led to a 33% fall in US exports and spiralling down of international trade […].
"A tariff trade war would hit the US economy harder than Smoot-Hawley, since trade is now three times as big a share of GDP as it was in 1929, and was 75% of GDP in 2024 – versus roughly 6% in 1929."

https://thenextrecession.wordpress.com/2025/04/04/trumps-tariffs-some-facts-and-consequences-from-various-sources/

#trade #imports #exports #economy #degrowth