MMT. The House of Modern Monetary Theory
Nobody Reports…
A few paragraphs from my morning reading:
From the Secret War on Cash
Once upon a time, when America was a nation of free enterprise, the money was honest and flowed voluntarily to those businesses that offered the best products and services for the price. This made an innovative, independent, and prosperous nation. Elections were contests between two centrists; pro-capitalist political parties that cooperated to make America succeed.
Then, a bit more than 100 years ago, our politics began to be polarized by Progressives: collectivists who are essentially socialist and bent on re-engineering our society and human nature itself. When in office they took money coercively via high taxes and oppressive regulations. Their aim was to ‘redistribute the wealth’ not based on merit, but by giving it to their cronies and voters. This has increasingly made America like the unfair lands our ancestors left in search of freedom and opportunity in America.
The best known of the self-described socialists who have hijacked the Democratic Party is Alexandria Ocasio- Cortez, who says she favors “Modern Monetary Theory” (MMT).
Modern Monetary Theory assumes that all currency is always the property of the government, which may permit you to use it with the understanding that government can always reclaim its money via taxation, inflation, or outright seizure.
Nobody Wonders…much of this MMT theory has already been used in America for far too many years, starting with FDR, LBJ, and Obama.
Can we get BACK to free enterprise?
President Trump is trying to do just that. But the progressives, who run all our schools and universities, and the House, are doing all they can to go the way of Ocasio-Cortez.
If she and Nancy succeed, we become Cuba.
Right? And this virus gives them the perfect opportunity to ‘give out the bank.’
Going back to work is the only answer to saving us from the fate of the bar-tending hussy and real world bank robber baron, Pelosi.
We must CRUSH them out of office. And let them take their MMT to their own bank.
If you, like me, didn’t know there was a name for redistribution of money, well, now you know: It’s a trap.