#MoneyTheory, #MMT, #ModernMonetaryTheory​

Or for easier understanding: To become an economist today, is almost like becoming a #Priest, after #Theology found out that #praying helps nothing and doesn't reach #god.s ear.

#MoneyTheory, #MMT, #ModernMonetaryTheory

At the very moment, the #Bourgeoisie does not have a valid working #EconomicTheory anymore 😂

-> IMF and many global capitalist institutes recognized, neoliberalism lead to false asumptions => doesn't work. (e.g. Austerity)
-> #PostKensianism is still dead as can be.
-> Old-School #Liberalism, means pay back state debts first. For Germany that means till 2050 till 2100 no spendings on anything but the crucial stuff. Definitely no green new deal till then. The old explanation of USSR collapse can not be easily explained anymore since 2008 financial crisis.
-> The try to fix this and to justify a #GreenNewDeal could work the modern monetary theory has been invented, which is in parts so weird, that even classical economists make fun of it.

https://en.m.wikipedia.org/wiki/Modern_Monetary_Theory