Let’s talk about the $1 trillion dollar deficit coming under Trump. Why aren’t MMTers schitting themselves with joy? One must assume that the average MMTer understands “Gov’t debt = Private sector assets.” Right? Once again we are exposing that MMT has been hijacked by FAKE MMTers.

PURE MMT FOR THE 100% is A political. You don’t have to like Trump to agree as an MMTer that $1 trillion deficit is 1000% MMT. Not to praise and acknowledge this mathematical fact as one who claims they understand MMT. Is either ignorant in MMT or a hypocrite.

If you attempt to make a weak argument that you just don’t like where those $s will be spent! Then you really need to rethink your copy/paste MEMY understanding OF MMT! Because you are now starting to realize that “Gov’t debt = private sector assets” true but the vast majority of it DOESN’T GO TO YOU! But rather the top 5% of the pyramid who actually gets to save the vast majority of those deficits! Welcome to the SAVINGS BUBBLE conundrum! What PURE MMT has been telling you all along. But your oversimplification of MMT and political ideological extreme views have kept you from seeing the mathematical reality of FAKEMMT vs PUREMMT.

The 95% need a bigger slice of the Savings Bubble, not just a Soviet-style job. The moment you realize this fact, is the moment you become a PUREMMTer

Source https://www.facebook.com/PureMMT/


  1. Agreed…You’re the first MMTer to acknowledge this. Yet more proof that ‘description’ MMT was hijacked by ‘prescription’ MMT (because the current president and the current economic recovery and the current trajectory of annual budget deficits of $1 trillion or more doesn’t fit their ideological narrative). Way to go, way to keep it Pure MMT and way to keep it Beyond The Memes (Read: beyond the politics and way beyond the fake MMTers).

  2. One day I’d like to see you take a look at the complete Sectoral Balances Equation set (yes, set) as expressed in Godley and Lavoie 2007 (that textbook I keep harping on). The MMT academics chose to limit the Private Sector to one set of equations, thus simplifying the sectors to 3. Public, Private and Current Account.

    In G&L 2007 there are 5 sectors. Public, Current Account, Financial, Firms and Consumers. The Private Sector is broken into three individual sectors, each with its own data sets in relation to GDP.

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