Real Progress In Action | TRS: UBI Trojan Horse Part 3 Real Resources... Musk??? @RealProgressInAction | Uploaded July 2023 | Updated October 2024, 12 hours ago.
I rarely agree with Elon Musk, in fact, his libertarian ideals are incredibly dangerous and society killing, however, he makes the most poignant tweet that we will capture for this episode and use it to explain the most basic, yet apparently misunderstood truth hiding in plain sight. It is the real resources that matter. Not the money.


#UBI #Musk #Neoliberalism #UBS #LearnMMT

Video
twitter.com/cb_doge/status/1678795537427087360?s=20

Musk Response
twitter.com/elonmusk/status/1678805016189235200?s=20

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!
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