Discover and read the best of Twitter Threads about #abcact
Most recents (8)
It’s (thankfully) been a minute since I was active on night twitter, but the @LPE_Project #UBI symposium is so rich, I’m eroding my own norms 🙀! Time to talk about our lovely monetary consumption (& production...) economy!
First things first, read the intro! @NoahZatz did a characteristically thoughtful job introducing analytical themes and outlining the contours of the ensuing conversation. You simply love to read it. (Also...the links…the links…the memories...🔗🍻)
lpeproject.org/blog/consideri…
lpeproject.org/blog/consideri…
“Even the most progressive nation-based approach to basic income faces a fundamental justice challenge in the reality of human mobility.”
“...cash transfer programs created in response to #Covid19 may have some insight to offer.”
- Jennifer Gordon 🔥🔥🔥
lpeproject.org/blog/ubi-and-i…
“...cash transfer programs created in response to #Covid19 may have some insight to offer.”
- Jennifer Gordon 🔥🔥🔥
lpeproject.org/blog/ubi-and-i…
I'm thrilled to share the announcement of @RashidaTlaib's new "Stablecoin Tethering & Bank Licensing Enforcement (STABLE) Act", (#STABLEAct) cosponsored by @ChuyForCongress & Chair of the House Financial Services Committee's Fintech Task Force, @RepLynch.
tlaib.house.gov/media/press-re…
tlaib.house.gov/media/press-re…
The full text can be found here:
tlaib.house.gov/sites/tlaib.ho…
A big shoutout to @RaulACarrillo & @jason_vtf, who also worked on the bill, & most of all, to the fantastic @chastitycmurphy, who has led the effort on this & other fintech bills such as the #ABCAct and #PublicBankingAct.
tlaib.house.gov/sites/tlaib.ho…
A big shoutout to @RaulACarrillo & @jason_vtf, who also worked on the bill, & most of all, to the fantastic @chastitycmurphy, who has led the effort on this & other fintech bills such as the #ABCAct and #PublicBankingAct.
A big thanks also to @RealBankReform, @ConsumerReports, and @LPE_Project for their endorsement and input on the bill. This is a complex and technical area of financial regulation, and it's critical to ensure consumer voices and interests are represented in the lawmaking process.
A thread on @RashidaTlaib & @AOC’s new #PublicBanking Act.
tlaib.house.gov/tlaib-aoc-publ…
It was a privilege to help craft this bill with @chastitycmurphy, @claudiapagon, @raulacarrillo, @calpba, @RealBankReform, @TakeOnWallSt, and other great progressive financial reformers.
1/n
tlaib.house.gov/tlaib-aoc-publ…
It was a privilege to help craft this bill with @chastitycmurphy, @claudiapagon, @raulacarrillo, @calpba, @RealBankReform, @TakeOnWallSt, and other great progressive financial reformers.
1/n
Shout out to cosponsors @RepChuyGarcia, @RepJayapal, @RepPressley, @Ilhan, @RepAlGreen, @BennieGThompson, @repblumenauer, @RepBarbaraLee, and @RepSchakowsky, & endorsing orgs, incl. @CJAOurPower, @popdemoc, @PplsAction, @ACREcampaigns, @DemocracyCollab, & @Public_Citizen.
2/n
2/n
Also big thanks for covering to @EmilyStewartM & @voxdotcom:
vox.com/policy-and-pol…
@corbett_jessica & @commondreams:
commondreams.org/news/2020/10/3…
@SylvanLane & @TheHill:
thehill.com/policy/finance…
@ailas & @newsweek:
newsweek.com/reps-tlaib-aoc…
& others
3/n
vox.com/policy-and-pol…
@corbett_jessica & @commondreams:
commondreams.org/news/2020/10/3…
@SylvanLane & @TheHill:
thehill.com/policy/finance…
@ailas & @newsweek:
newsweek.com/reps-tlaib-aoc…
& others
3/n
@jasonfurman Jason, this is wrong on several levels.
1) As @NathanTankus notes here (), the Fed is ultimately responsible for determining the distribution of long vs short-term govt liabilities in circulation, regardless of what Treasury issues in the first instance.
1) As @NathanTankus notes here (), the Fed is ultimately responsible for determining the distribution of long vs short-term govt liabilities in circulation, regardless of what Treasury issues in the first instance.
@jasonfurman @NathanTankus So financing deficits by issuing long-term bonds does not “lock in” low long-term rates for Tsy, since the Fed can and will always ‘sterilize’ that action by purchasing those bonds and replacing them with short-term reserves to meet its preferred maturity distribution curve,
@jasonfurman @NathanTankus which leaves us back in the exact same position from a consolidated govt perspective.
2) This also ignores the significant psychological and practical effects of transitioning from the current budget process to using overt monetary financing. Presently huge swaths of the public
2) This also ignores the significant psychological and practical effects of transitioning from the current budget process to using overt monetary financing. Presently huge swaths of the public
3/ Economist Pavlina Tcherneva (@ptcherneva)'s recommended response to the #coronavirus health crisis: project-syndicate.org/commentary/cor…
***BREAKING***
I am thrilled to announce that the full legislative text of the #ABCAct bill to #MintTheCoin is now public:
tlaib.house.gov/sites/tlaib.ho…
More details are available in the press release here:
tlaib.house.gov/media/press-re…
I am thrilled to announce that the full legislative text of the #ABCAct bill to #MintTheCoin is now public:
tlaib.house.gov/sites/tlaib.ho…
More details are available in the press release here:
tlaib.house.gov/media/press-re…
I'll discuss details below, but 1st, a huge shout out to @RepRashida (@RashidaTlaib) & her brilliant staff for their vision, courage & leadership.
It's been thrilling to watch the bill take form, and I look forward to it being passed into law & providing urgent relief to all.
It's been thrilling to watch the bill take form, and I look forward to it being passed into law & providing urgent relief to all.
Special thanks to @PramilaJayapal, as well as @RepChuyGarcia, @RepHastingsFL, @EleanorNorton, @AOC, @IlhanMN, @AyannaPressley, @RepBobbyRush, @janschakowsky, & @NydiaVelazquez, for cosponsoring the bill.
Solidarity between progressive leaders is a beautiful thing to see.
Solidarity between progressive leaders is a beautiful thing to see.
@StephanieKelton - preach!
Never thought i'd see the day when Fed-Tsy remittance policy gets multiple paragraphs in the NYTimes...
"“Debt clocks” and bogus concerns about “borrowing from our grandchildren/China” fuel demands for needless tax increases and spending cuts, Grey says. Debt scolds may be willing to support limited fiscal measures now, but they could always block needed action in the future if the
government felt the need to issue bonds to pay its expenses. The trillion-dollar coin would get around this. Grey believes Tlaib’s relief program should be inoculated against those concerns by breaking the link between deficit spending and debt issuance. From this perspective,
the platinum coin should help prevent the premature withdrawal of needed support for the economy. Encouragingly, Grey has found that the simplicity of the proposal “seems to be having a radically empowering effect on average people to demand we do this.”
barrons.com/articles/can-t…
barrons.com/articles/can-t…
