Thread by @wretchardthecat

Huffington Post. Never mind how much the Green New Deal costs. Gov't can just create the money.

huffingtonpost.com/entry/opinion-…

"As a monopoly supplier of U.S. currency with full financial sovereignty, the federal government is not like a household or even a business. ... In other words, Congress can pass any budget it chooses, and our government already pays for everything by creating new money.

"This is precisely how we paid for the first New Deal. The government didn’t go out and collect money ― by taxing and borrowing ― because the economy had collapsed and no one had any money (except the oligarchs).

"The government hired millions of people across various New Deal programs and paid them with a massive infusion of new spending that Congress authorized in the budget. FDR didn’t need to “find the money,” he needed to find the votes. We can do the same for a Green New Deal."