Real Progress In Action | Sellers' Inflation & Other Weapons Vs. The Working Class @RealProgressInAction | Uploaded February 2024 | Updated October 2024, 16 hours ago.
Steve joins the Political Misfits crew to discuss how despite Biden and his supporters touting how good the economy is, the working class is still feeling the pain of inflation. Steve explains the root-causes of higher prices, i.e. sellers' inflation aka price gouging due to corporate greed & higher interest rates while thoroughly dismantling the myth that it was due to the government “printing money”.
Other subjects covered include more funding for Ukraine and how the economy is dependent on the military industrial complex. Be sure to check it out!
#SellersInflation #InterestRates #PriceGouging #CPI #Capitalism #LearnMMT #Ukraine #MIC
Link to full episode: rumble.com/v4dsl1e-crisis-in-rafah-fani-willis-testifies-epstein-victims-sue-fbi.html
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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
Macro N Cheese Podcasts:
realprogressives.org/macro-n-cheese-podcast
Follow us on Twitter:
Twitter.com/RP_In_Action
Follow us on Instagram:
instagram.com/rpinaction
We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.
#MMT
Steve joins the Political Misfits crew to discuss how despite Biden and his supporters touting how good the economy is, the working class is still feeling the pain of inflation. Steve explains the root-causes of higher prices, i.e. sellers' inflation aka price gouging due to corporate greed & higher interest rates while thoroughly dismantling the myth that it was due to the government “printing money”.
Other subjects covered include more funding for Ukraine and how the economy is dependent on the military industrial complex. Be sure to check it out!
#SellersInflation #InterestRates #PriceGouging #CPI #Capitalism #LearnMMT #Ukraine #MIC
Link to full episode: rumble.com/v4dsl1e-crisis-in-rafah-fani-willis-testifies-epstein-victims-sue-fbi.html
Please help our Real Progressives efforts and become a monthly donor!
At PayPal
paypal.me/RealProgress
At Patreon
patreon.com/realprogressives
RealProgressives.org
realprogressives.org/donate
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
Macro N Cheese Podcasts:
realprogressives.org/macro-n-cheese-podcast
Follow us on Twitter:
Twitter.com/RP_In_Action
Follow us on Instagram:
instagram.com/rpinaction
We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.
#MMT
