DEBUNKING - Quick Reference Links

Taxation

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Inflation / Hyperinflation

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Social Security

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    • QUESTION: If we maintain the myth that FICA taxes pay for Medicare and Social Security, then we can claim that we “paid into” the mythical “trust fund,” right? Doesn’t that make it harder for politicians to cut both programs?
      ANSWER: No, the myths make it easier. The Big Lie lets politicians falsely claim that Medicare and Social Security must be cut (or privatized) because more people are “drawing from” the programs than are “paying into” the programs. In this way politicians can divide and conquer (on behalf of Wall Street) by setting young people against their “thieving” parents.
      Save us from our friends: “Social Security Works.org” edition by Rodger Malcolm Mitchell, Mythfighter

Petrodollars / World Reserve Currency

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Universal Basic Income / UBI / Job Guarantee

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Socialism / Communism

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Fiat Currency

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  • The MMT Primer (all 52 sections) on New Economic Perspectives – L. Randall Wray

Cryptocurrency, Bitcoin

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Federal Reserve

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  • The Federal Reserve Act of 1913 established the Federal Reserve System as the central bank of the United States.

Debt, Deficits & Borrowing

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