(https://twitter.com/psliker/status/1025112490055815168)
Just found this old beauty of @wbmosler on Fox Mosler: “When you have a non-convertible currency and a floating exchange rate, all government spending is merely changing numbers in banking accounts“
…
Varney: “I gotta go cause I’m out of time, and my head’s spinning!”
(Ikus bideoa twitterrean bertan)
2018 abu. 2
Typo: should be *bank* accounts But ¯\_(ツ)_/¯
Warren B. Mosler @wbmosler abu. 3
Hauei erantzuten: @psliker @runtodaylight
Feeling my age watching this… 😉
The “old” was meant to suggest not last year, or yesterday. Twitter time. 😉
Cory Hoffman @CoryForOhio abu. 2
Hauei erantzuten: @psliker @wbmosler
Never saw that one. Whenever @wbmosler spreads the good news it’s #MindBlown
Always brilliant but also succinct, nonchalant and matter-of-fact. Mosler style: “C’mon, man, it’s simple, how come you don’t understand this stuff?”
runtodaylight @runtodaylight abu. 2
Hauei erantzuten: @psliker @wbmosler
Thank you. Hadn’t seen.
Here’s the full: http://video.foxbusiness.com/v/4250679/ Too good not to clip.
Spending Necessary for Economic Recovery
May. 07, 2011 – 6:16 – Center for Economic and Public Policy’s Warren Mosler argues further government spending is necessary to improve the economy.
He had a bunch of good appearances on RT as well years ago.
Here he speaks on his book 7 Deadly Economic Frauds which was my intro to MMT
Dom Flanagan @DomFlanaganC300 abu. 3
Hauei erantzuten: @psliker @leftoutpodcast @wbmosler
What he is saying is that “None of it is real”. Just accountants laughing at us all. Hahaha
Michael Norman @mikenorman abu. 3
Hauei erantzuten: @psliker @wbmosler
Freakin’ awesome!
Hauei erantzuten: @psliker @wbmosler
@majorityfm @SamSeder @_michaelbrooks. This is good mine varney head spinning moment. He has no idea how the economy and finance works.
changethesystem @MeToo02991391 abu. 2
Hauei erantzuten: @psliker @sarahollando552 @wbmosler
Poor Varney, cannot compute numbers being changed in accounts……..
Hauei erantzuten: @psliker @wbmosler
Ping @craigthomler @wbmosler made megabucks betting on the lira when everybody else was betting against, because he correctly perceived that the currency *couldn’t* go into default (unless the government chose to).
(These are my role models; people who can and do identify when the conventional wisdom is wrong.)
Hauei erantzuten: @psliker @DeficitOwls @wbmosler
Varney playing the “intellectual” card.
Hauei erantzuten: @psliker @wbmosler
Lloyd Edwards @lledwardsan abu. 3
Hauei erantzuten: @psliker @wbmosler
Jeez! Fox show this, but @BBCNews have never broadcast anything other than voodoo economics like “The debt has to be paid back”, “Taxpayers money”, “paid for by general taxation” hogwash. BBC going down the tubes!!! (& taking ordinary folk with them, as planned?)