Discover and read the best of Twitter Threads about #wearetherevolution

Most recents (3)

You know how we artificially back our currency today? Taxation??? No, that is substantively how we do it today. No, the real answer is austerity. We back our currency by forced unemployment and misery.
What in the world would make "progressives" more focused on false evidence appearing real (F.E.A.R.) than the truth?
One can only speculate as the the "why" behind it.
Read 7 tweets
Some basics.

The US Dollar is a tax credit.
It is a unit of measure.
You can't run out of inches
You can't run out of numbers
The government can't run out of dollars...
unless it purposely, politically chooses to.

1/x
Since the US Dollar is a mere tax credit and a unit of measure, it is neither precious nor permanent.

A dollar is an IOU.
When it is spent into existence a debt is born.
When it is taxed out of existence a debt is washed away.
All money is debt.
So reducing the national debt means reducing the national money supply.

Dollars are not reused
A dollar is spent once into existence.
It circulates within the economy
Is destroyed once it is returned as a tax.
Read 13 tweets
I want you to know something terrifying...
Only @RoKhanna and @Ocasio2018 even voiced opposition to #PayGo from the Democratic Party.

Rank and file Democrats on Facebook ignored Dr @StephanieKelton regarding this matter.
Rank and file Democrats give Republicans all the ammo they need pretending the nation is constrained by taxation for spending.

Rank and file Democrats have accepted austerity is the "right thing to do". To be "fiscally responsible" and "clean up the Republicans budget mess".
Rank and file Democrats do not realize our nation creates dollars when it spends and destroys dollars when it taxes.

Rank & file Democrats end up supporting #GreenNewDeal killing economics of austerity then do the Republicans job for them by asking "How are you gonna pay for it"
Read 8 tweets

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