6 Comments
Jul 21Edited

Yet another libertarian who has no idea how money works. The government creates money and destroys it as it's taxed back. Taxes do not fund public spending. Government deficits are a record of public spending and are the inverse of public-sector surpluses. Government spending == more money into the economy an and opportunity for everyday people to save. "Balanced" federal budgets lead to economic depressions, look it up!

Programs like Social Security could be a UBI. We could redirect war spending to a care economy and mobilize massive resources to addressing climate change, healthcare, dignified death and dying, etc.

Interested, or don't believe me? Watch "Finding the Money," read "The Deficit Myth," check out MMT economists like Stephanie Kelton and Bill Mitchell, or MMT-skeptics-turned-believers like Steve Keen. Want an international perspective that understands bond issuance and the power of the US Dollar, IMF/World Bank etc.? Check out Michael Hudson, Fadhel Kaboub, Radhika Desai. Worried about climate change? Jason Hickel. Job Guarantee? Pavlina Tcherneva. A podcast featuring all of them? Macro and Cheese.

The answer is democratizing money creation, not gold bug "sound money" BS. Libertarians are wrong about money.

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I don't see the appeal of giving these neoliberal charlatans a platform

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What makes you think this guy is not genuine.

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They are free-market fundamentalists. Any antiwar sentiment, any working-class sentiment (which is rare), and concept of freedom, is run through that lens: if markets are free, people are free.

But they're basically either anarchocapitalists, or white chauvinist Founding Father stans.

Course that's just my opinion

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His website platform includes “encouraging the passage of the Hyde amendment” but the Hyde amendment is already in affect and has been since 1977. I don’t get it🤷‍♀️

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Thanks for this interview.

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