Real Progress In Action | TRS: UBI Trojan Horse Part 1 @RealProgressInAction | Uploaded July 2023 | Updated October 2024, 2 hours ago.
I hate fighting with friends. I hate Milton Friedman more. I loathe the monetarist mindset that has us all in tatters. UBI was a libertarian ideal that was to wipe out the gains of the New Deal and thus empower capitalism even more as it turned us into consumption units without any safety nets. The lone thing we own is our labor. Our time. When we leverage the 40 hours a job guarantee provides, it precludes subsidizing bad wages. The intent is not to make people whole, but allow growth to continue without changing the material conditions of the working class. It is a trojan horse, one sadly accepted by friends who should know better.
#UBI #TrojanHorse #Neoliberalism #FJG #Wages #LearnMMT
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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I hate fighting with friends. I hate Milton Friedman more. I loathe the monetarist mindset that has us all in tatters. UBI was a libertarian ideal that was to wipe out the gains of the New Deal and thus empower capitalism even more as it turned us into consumption units without any safety nets. The lone thing we own is our labor. Our time. When we leverage the 40 hours a job guarantee provides, it precludes subsidizing bad wages. The intent is not to make people whole, but allow growth to continue without changing the material conditions of the working class. It is a trojan horse, one sadly accepted by friends who should know better.
#UBI #TrojanHorse #Neoliberalism #FJG #Wages #LearnMMT
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
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
Check our website:
action.realprogressives.org
Macro N Cheese Podcasts:
realprogressives.org/macro-n-cheese-podcast
Follow us on Facebook!
facebook.com/RPinAction
Follow us on YouTube:
youtube.com/c/realprogressives
Follow us on TikTok:
tiktok.com/@real_progressives
Follow us on Twitter:
Twitter.com/RP_In_Action
Follow us on Instagram:
instagram.com/rpinaction
Follow us on Twitch:
twitch.tv/realprogressinaction
#MMT
#MMTARMY
#RealProgressInAction
