When the truth threatens our fantasies, we're quick to disassociate, and it enforces the truths we are told. Small misgivings or even misunderstandings are blown up, twisted to prove their side right, while major problems are hidden. When you are already braced for a war to defend an idea, anyone speaking against it will be hushed and painted as a traitor.
You must be diligent in order to get the message out about #MMT
Just as Move On and the Tea Party, in spite of yelling angrily at each other across the ideological divide, both lead us to the same voting booth that is owned lock, stock and barrel by big money and the two mainstream parties, so all fashion statements from avant-garde to proletarian to conformist lead to the same place: the feeding of the capitalist maw.
This poem is part of an ongoing Real Progressives collaborative series. Submit your Progressive Poetry today!
While we may disagree and probably are a little rough around the edges, we're also fiercely loyal, dedicated, and driven. We are a family. A family of people who learned to work, to strive, to dream, and to succeed or fail together. A family of people who answered a call.
But King wasn’t killed for being a dreamer. He was killed for being an uppity mass movement leader dedicated to transforming society by confronting white supremacy.
MMT, aka Modern Monetary Theory, however poorly the name works for you, is not a system that has to be implemented someday. It is a perfectly accurate description of how our currency works. It is a myth-busting destroyer of propaganda and myths. The establishment and the activist alike speak in lies from the tablecloth... MMT destroys those arguments by shining a light on the functional realities.
Recently, the Green Party of Tennessee posted this and also the first reply (timestamped 12:38 PM) to a comment by Sylvia Saadati on that post. My message below is a critical reply to the main text of this comment, excluding the final portion about AMI. It breaks that paragraph up into its component statements for purposes of a more systematic critique. My conclusion is: whether private or public, neither a Fed bank, nor the Fed’s Board of Governors, can deny the sovereign will of Congress as it is being implemented by the Treasury. It must create the necessary reserves in the Treasury spending account, whenever Congress mandates spending requiring those reserves, and Treasury pushes the right buttons to force the Fed to create them in its spending account.
One of the big buzzwords tossed around these days is identity politics. Something I’ve noticed is that these words essentially have two meanings and thus it can be an issue if someone discusses the topic while using one meaning but someone else is approaching it from the other side.