,
9 tweets,
7 min read
Read on Twitter
1/ Just went on @grahamelwood to discuss some new #MMT concepts. Video dropping soon. The main concept we discussed is called reserve accounting. Understanding it makes MMT and our economy much clearer and simpler. Links to things I mentioned are below.
2/ If we don’t start making big changes we may have cloudless skies by the end of the century. If that doesn’t scare you, it should. quantamagazine.org/cloud-loss-cou… @grahamelwood
3/ This makes me feel even more urgency to teach #MMT. If people don’t understand how the economy actually functions, then there is no way that *we* will be the ones making the decisions of how to deal with this new reality. @grahamelwood
4/ @AOC teaches #MMT without mentioning “MMT.” Amazing really. Inspired a whole extra concept which is in the video. @grahamelwood
5/ Politics-101, Non-fiction remix.
6/6 #MMT is non-fiction economics. To learn it, here‘s a great place to start. Thanks to @grahamelwood for allowing me to share it with his viewers (more than double the subscribers since we first spoke in June last year!).
7/ MLK wanted a job guarantee, plus a guaranteed income for those who can't or shouldn't work. That's how it should and must be. Having a check is fine. This is how you do it in a way that doesn't kill the economy. @grahamelwood
My appearance on @grahamelwood. This is actually part two, which is the #MMT mini lesson focused on reserve accounting. Part one to follow. See above 👆 for links.
More on UBI versus the FJG. @AndrewYang's UBI proposal specifically eliminates federal social programs (you must choose SS/etc. or UBI), which is an extra macroeconomic Bad Thing. #MMT expert and @AOC economic advisor @andresintheory: @grahamelwood
