Breaking Hate

MMT stands for Modern Monetary Theory, no?

 

It's does...and you can't possibly understand it!

 

I'm sure it's super complicated

 

Correct - as in the "theory of relativity" or the "theory of evolution", both of which have far more scientific (empirical) evidence than the alternative descriptions of reality they super-ceded - in the case of economics, neoliberalism based on the fictions of the classical school.

 

Right. And MMT is some sort of theory about counterfeit money, right?

 

You can..... if you are prepared to remove your ideological blinkers.

https://www.themacrotourist.com/posts/2019/01/23/mmt/

(Love that little cat amongst the dogs….)

Especially scroll down to the Stephanie Kelton article, where she answers that old refrain from conservatives: "How are we going to pay for it?".

But speaking of ideology, you don't wish to discuss your Anarchy, which I questioned in post #197?

This thread is about hate on the political spectrum, obviously both MMT and Anarchy are related to the issues underlying this "hate", since economic security, or lack of it, is one of the most significant factors in an individual's life.

["Let them eat cake" said poor Marie; and she was forced to stay in her prison within earshot of the chopping block for a year, before her turn came.....)

 

In the manner of all counterfeiters. By cheating everyone else of the value of their dollars.

 

Wrong!.

Re MMT, get back to me after you have done some study - the supplied link will get you started...in your case 2 weeks minimum required on the topic.

 

MMT doesn't involve printing money?

 

Are you scared?

 

That's because there's a bathroom on the right.

 

Don't feed the trolls.

 

I'm not the target.

 

They do love to divide us by race/genitalia/what we do with our genitalia and so forth.

And hate is in such supply that they are manufacturing it.

A Louisiana State University student falsely claimed she encountered a noose on campus—supposedly planted by whites to intimidate African-American students such as herself—was hardly contrite about inflaming tensions with a false accusation when the “noose” turned out to be simply a dangling power wire cable. Instead of apologizing, the accuser redoubled her claims: “Considering what is currently happening in this country, someone hanging a noose certainly seems plausible . . . Black students all over are being threatened for speaking out. I’ve previously been threatened for talking about race at LSU.”

Today’s hip new racists have adopted the ideology of Lester Maddox and not Martin Luther King, Jr. Segregation, not integration, is the new racist mantra—by dorm, by theme house, by caucus, by safe space, by graduation ceremony.

True intersectionality is impossible for racists—given that competing tribal agendas can never be reconciled. Far from creating force-multiplying woke ideologies by uniting various “identities”—black, Latino, Asian, LGBTQ, female, and non-American—intersectionality becomes a logical contest among professed victims to acquire preeminent tribal victimhood, and with it, DNA-sanctioned superiority.

The logic of the tribe leads to sectarian warfare, not harmony. We see just that when Asians revolt against black and Latino preferences in college admissions. Feminists push back against the endemic misogyny of rap music that is given an intersectional pass to demean women and freely employ the n-word. There is sometimes less, not greater, tolerance for unapologetic homosexuality in supposedly hyper-macho Latino culture. Doctrinaire Islam makes few concessions for the Muslim convert to Christianity; he is still an infidel to be shunned, even killed.

https://amgreatness.com/2019/07/28/...sIRBNSxjio6DGZtVan5DIRZXKmY-SnJE_pXptDajzyfSw

 

Admittedly, Dems are unable to bring about economic change, other than by proposing to increase taxes, which the public mostly reject out of self-interest - except for a few multi-billionaires like Gates and Buffett who recognise they are not paying their fair share. (Apparently if you have 50 billion + , you don't mind paying some more tax....)

So Dems head down all these other rabbit holes (race, sex violence, immigration etc) - not "just to cause division"- but because they are trapped in the neoliberal orthodoxy which has ruled since the late 70's ("trickle down" economics) and cannot deal with the entrenched poverty and underemployment which are the real causes of the social malaise facing the nation.

 

Does that mean that he still calls himself a white nationalist, just a 'reformed' one?

 

Backed by violence? You mean: on the theory that taxation is theft, backed by government 'violence'?

[Surely you are not referring to the actual military, by definition directed against overseas actors - that would be the ultimate contradiction of your non-violent Libertarian stance....].

So of course your premise is wrong, which you should understand by now if you have read my recent posts debunking Anarchy as a realistic proposition.

In MMT, a modern floating-exchange fiat currency (not based on gold) has value because citizens need it to pay taxes, fees etc. nothing to do with "military force" or "violence" (assuming you don't persist with the unsupportable fantasy of "free association and voluntary agreement").

 

Why would they bother to pay taxes with it? Why would they even pay taxes?

 

Because the majority are civic minded: they like universal education, public roads and social services.

As a matter of fact, MMT takes us beyond the "how can we pay for it" mantra of Conservatives, which you should know by now (after studying MMT for a week....)

(Btw, your two weeks of study is not up yet, so I won't be replying to any nonsense statements you might have re MMT for at least another week...

 

So they don't actually HAVE TO pay taxes with this MMT money?

 

Great! So I have free rein to say whatever I want for another week!

 

Right. They claim that MMT currency has value because it's necessary to pay taxes. And paying taxes is required, with violence as the consequence for non-compliance. Therefore, they totally are admitting, in a round-about way, that their MMT currency is backed by violence.

 

Greenbacking is not complicated. The government prints money. The money loses its value. Grandma's bank account can't buy cat food any more.

 

Taxes are used to to fund the military as well, which is the primary reason why the dollar is the primary global currency. Without the military, the dollar devalues significantly and collapses just as every fiat has done historically.

 

Under an honest commodity money system (such as silver or gold), anyone who can mine a few ounces of silver or gold has created money and there is no violence necessary in creating it or in distributing it.

Greenbackers don't realize that their whole scheme is based upon violence of the state. (Or maybe they do and don't care).