Because MMT correctly describes the process Of lending and government money creation. They are identical processes, which is to say the act of the fountain pen of banks.
The only kind of lending that fits the main street description is the one where people put money down on an asset with the expectation of being able to sell it for more or to expect in revenue strain from it.
Business gets commercial loans / raises cash from people.
GhostOnTheHalfShell
npub1z3…rtxvc
2026-10-30 10:48:59 UTC
in reply to nevent1q…0yfv
Author Public Key
npub1z3lxxu5tmqxp8vhd3tny9f0nqp5dljpynh9j6gzgeyes2ukmz0kq0rtxvcSeen on
wss://relay.momostr.pinkPublished at
2026-10-30 10:48:59 UTCEvent JSON
{
"id": "57676425e5efa8c87112cc96e8425ef555b2a44ecd3aa05d0ce3129ae370683b",
"pubkey": "147e63728bd80c13b2ed8ae642a5f30068dfc8249dcb2d2048c9330572db13ec",
"created_at": 1793357339,
"kind": 1,
"tags": [
[
"p",
"f99c92b06ccb63f4771e5d86c7a95a81995d6edc9758aa745bcfd662b53507b3"
],
[
"e",
"2f1f95f382692a3fe121db16a661db2a373e82c2545e1a5bf863e7b882f940c6",
"",
"reply",
"afa04620d4366eef547a27ffcad7e9ab0e22cd8c2e6b8af1449a074e4d00b1ce"
],
[
"e",
"9d055ce6af6c41d3508eb55f30ad3f4b9bf1961201e53cc5702538a1c4c2cc33",
"",
"root",
"147e63728bd80c13b2ed8ae642a5f30068dfc8249dcb2d2048c9330572db13ec"
],
[
"p",
"147e63728bd80c13b2ed8ae642a5f30068dfc8249dcb2d2048c9330572db13ec"
],
[
"proxy",
"https://masto.ai/@GhostOnTheHalfShell/117529466591939868",
"web"
],
[
"p",
"afa04620d4366eef547a27ffcad7e9ab0e22cd8c2e6b8af1449a074e4d00b1ce"
],
[
"proxy",
"https://masto.ai/users/GhostOnTheHalfShell/statuses/117529466591939868",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://masto.ai/users/GhostOnTheHalfShell/statuses/117529466591939868",
"pink.momostr"
],
[
"-"
]
],
"content": "Because MMT correctly describes the process Of lending and government money creation. They are identical processes, which is to say the act of the fountain pen of banks.\n\nThe only kind of lending that fits the main street description is the one where people put money down on an asset with the expectation of being able to sell it for more or to expect in revenue strain from it.\n\nBusiness gets commercial loans / raises cash from people.",
"sig": "c71088b68efb59bf02fd8a697f12d9972994148282ce275dc24ac94fe1bacf0cf8eaf33e04f025b050c1bbb93ba50851a52d07ae96cc386c6221ea20d39d7940"
}