Real Progress In Action | Resources Are More Important Than Money @RealProgressInAction | Uploaded July 2023 | Updated October 2024, 5 hours ago.
Elon Musk acknowledges the importance of real resources to meet basic needs. There is an infinite supply of US Dollars with which to purchase goods and services...only if the real resources are available as Steve explains.

#ElonMusk #LearnMMT #Resources #Money #UBI

Link to full episode: youtube.com/watch?v=HeHd9HsaFOs&t=3063s

We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.

What is Modern Monetary Theory?
Modern Monetary Theory is the correct understanding of Macroeconomics.
It proves the following:
1) Taxes don't fund government spending and
2) Deficit spending is good most of the time.

Simple Economics Facts:
Government deficit = Private sector surplus
Government debt = private sector savings
The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!

To learn more about Modern Monetary Theory, check out our podcasts!
macroncheese.com

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