Henric @HenricCont

“Il faut cultiver notre jardin” Joined April 2018

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Henric @HenricCont

4 hours ago

@EricSmi92780239 @MMTUK_PRG As explained, only monetary systems have inflation. It is impossible to have inflation in a non monetary system, aka barter. First step to understanding inflation is that it’s a monetary phenomenon.

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Henric @HenricCont

7 hours ago

@ZaidJilani They are not accruing, the are creating new wealth that did not previously exist

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Henric @HenricCont

8 hours ago

@gabriel_zucman

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Henric @HenricCont

8 hours ago

@sioneill @David_J_Bond @UKLabour As talent and wealth is being evacuated from UK and industry has closed down and the country is becoming insignificant the GBP has also lost its glory. But, as example, USD is created and used outside of jurisdictions in the trillions daily.

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Henric @HenricCont

8 hours ago

@sioneill @David_J_Bond @UKLabour Anyone in Hong Kong or elsewhere can choose to accept GBP in exchange for goods and services.

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Henric @HenricCont

8 hours ago

@moneytruth_org @cremieuxrecueil

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Henric @HenricCont

8 hours ago

@sioneill @David_J_Bond @UKLabour Any Hong Kong bank can issue GBP.

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Henric @HenricCont

9 hours ago

@RelearningEcon x.com/handre/status/…

Handre @Handre

3 months ago

Medieval merchants created the most sophisticated international legal system in history without a single government involved. Lex Mercatoria governed trade from London to Constantinople through private courts, voluntary arbitration, and reputation networks that made modern

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Henric @HenricCont

10 hours ago

@sioneill @David_J_Bond @UKLabour No problem opening a GBP account in Hong Kong as example. Or sell them for something more useful. Yes, employees are fired and can try to find other work. Factories and production and new employees are hired elsewhere. New assets are purchased elsewhere.

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Henric @HenricCont

18 hours ago

@moneytruth_org @RealKeithWeiner

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Henric @HenricCont

22 hours ago

@joblijob16 @RichardJMurphy One of the main reasons for UKs decades of zero growth is regulation and endless money printing

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Henric @HenricCont

23 hours ago

@tonyannett Create new wealth instead of destroying existing

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Henric @HenricCont

24 hours ago

@sioneill @David_J_Bond @UKLabour They can take all GBP with them. They can fire their employees and hire new ones elsewhere. They can do all investments in both labour and assets elsewhere. But yes, agriculture land will remain for the state to produce food with.

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Henric @HenricCont

24 hours ago

@mhdksafa @PDWriter You seem to love and use his products though. Hypocrite.

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Henric @HenricCont

a day ago

@EricSmi92780239 @MMTUK_PRG That would change relative exchange ratios, not the general price level. No money, no inflation

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Henric @HenricCont

a day ago

@EricSmi92780239 @MMTUK_PRG As a non monetary system have zero inflation, it is by logic a monetary phenomenon

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@realmacroecon🇺🇦🇪🇺 @RealMacroEcon

2 days ago

@IndianaModerate @Slide2theleft_ MMT wants to return to the Glory days of the Soviet Union. Where we all bow to the state and politicians promising riches. MMT is a political movement dressed up as economics. Like jihadists who couldn't quote a single verse from the koran.

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Per Bylund @PerBylund

2 days ago

Since 2022, the State of Colorado has accepted crypto currency for payment of all its taxes. That should not count in the MMT storytelling somehow, because it undermines chartalism. Much like they claim that unminted gold "was never money" (except it was). tax.colorado.gov/cryptocurrency