We are live now! Join us at on #ESGX
#ESG #MMT #GreenJobs #PublicBanks #GND
First off, #GISPfellow Amir Khaleghi presents the latest updates from the #GreenJobs report
Our Green jobs report combines BLS employment data with @HIPinvestor company ratings to determine how green or how extractive an industry is
Jobs in greener industries have remained the most resilient since the onset of the #COVID19 #pandemic
The jobs recovery is already slowing down, which means we need a bolder approach to economic relief and stimulus in order to avoid a post-2008 slow and painful recovery
Greener jobs pay more than extractive industries
High-contact sectors have suffered the most during the #COVID19crisis, but even in those industries, Greener industries have been more resilient to job losses
For more on the #GreenJobs report, see our recent op-ed @SustainBrands co-authored by @stf18 @HIPinvestor @fadhelkaboub and Amir Khaleghi
sustainablebrands.com/read/defining-…
Can public banking be one of the mechanisms to help accelerate the green transition and offer an alternative to private banking?
Up next, a panel discussion on #PublicBanking with @RaulACarrillo @sylviachiesq @stf18 @HIPinvestor
@sylviachiesq discusses California's experience and her work with @calpba ... Congratulations to CA for passing its Public Banking bill #AB857: californiapublicbankingalliance.org/ab-857-califor…
@RaulACarrillo discusses his Public Banking work at the national level with the Public Banking bill that he helped draft along with @rohangrey in collaboration with the offices of U.S Representatives @RepRashida & @RepAOC
tlaib.house.gov/tlaib-aoc-publ…
For more on the Public Banking bill, take a listen to this podcast interview with @rohangrey via @CheeseMacro hosted by @sdgrumbine
realprogressives.org/podcast_episod…
@RaulACarrillo: the federal bill for public banks would provide a wide variety of public banking options for states and cities to choose from, with capitalization coming from the Federal Reserve Bank as opposed to state and local government tax dollars.
@stf18: there are millions of unbanked and underbanked people in the country that would be better served by public banks. @RaulACarrillo wrote about Postal Banking also as a way to provide basic financial services to all members of society: global-isp.org/policy-note-10…
@RaulACarrillo: public banks can bake environmental responsibility and social impact into their charter. It's not about where the depositors' money will be placed. It's about what the public bank was chartered to do in the first place.
@RaulACarrillo: Public banks will do what they are chartered to do. Design is important. Holding public banks accountable for what they are doing with public money. This is not a given. We have to ensure that environmental and social standards are baked into their mission.
@RaulACarrillo the entire banking system is backstopped by the Fed. Banks are chartered, licensed, regulated, by the Federal government. The Fed is legally the lender of last resort for the private banking system. Banks are legally established by the Gov. And so will public banks
@RaulACarrillo We need to apply a different metric for public banks (triple bottom line). We have to have a responsibility mindset rather than an austerity mindset. Public banks have to support states that must comply with balanced budget amendments.
Learn more about @RaulACarrillo and the LPE Law and Political Economy Project at Yale University:
lpeproject.org
Learn more about @sylviachiesq and the California Public Banking Alliance @calpba
californiapublicbankingalliance.org
Learn more about @stf18 and his work @GISP_Tweets : global-isp.org/scott-fullwile…
Learn more about Amir Khaleghi's work @GISP_Tweets
global-isp.org/amir-khaleghi/
@RaulACarrillo there are activist teams working on public banking in a number of cities and states around the country, including WV, FL, IL, NY, NJ and beyond
Thank you for joining us today! Stay tuned for our next monthly #GreenJobs report. Follow us @ESGX_Live @HIPinvestor @GISP_Tweets @stf18 @RaulACarrillo @Nigel_Lake @FadhelKaboub @sylviachiesq @APEN4EJ @thepublicmoney @calpba
Stay safe everyone!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Fadhel Kaboub

Fadhel Kaboub Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @FadhelKaboub

17 Sep
@tracyalloway @bronwynwilliams Come on Tracy, I know you are skeptical about MMT, which is fine/healthy in general but you should be better informed now than in March 2019 to RT your original post. Here is a quick thread:
1/ See Odd Lots with @tracyalloway & @TheStalwart: bloomberg.com/news/articles/…
@tracyalloway @bronwynwilliams @TheStalwart 2/ My more recent framing of MMT in the Global South:
3/ A recent open letter on African Economic & Monetary Sovereignty signed by 100s of scholars/activists (many from the Global South): MES-Africa.org via @Mon_Sovereignty
@tracyalloway @bronwynwilliams @TheStalwart @Mon_Sovereignty 4/ My recent work on a Global Green New Deal framework with Colonial/post-colonial and climate reparations: realprogressives.org/podcast_episod…
5/ Monetary Sovereignty is not something you declare politically, it's something you acquire via strategic policies
Read 7 tweets
2 Aug
#MMT & #Inflation One more time for the people in the back (or without a search engine). #Thread
Read this @FTAlphaville piece by @stf18 @NathanTankus & @rohangrey: ftalphaville.ft.com/2019/03/01/155…
Here's my way of framing the conversation. 1/n
If you've been in a coma for the last 12 years, you need to catch up on your central banking a bit:
"Fed has no reliable theory of inflation, says Tarullo" on.ft.com/3hXmj5N
2/n
In other words, mainstream econ has no idea what causes inflation, let alone how to deal with it. #MMT does. As an MMTer, I am obsessed with the risk of #inflation. 3/n
Read 7 tweets
9 May
#Thread
#MMT economists have been saying for decades that a #JobGuarantee is an automatic stabilizer. When the private sector is laying off millions of workers, the Federal government must step in as the employer of last resort.
You take people as they are, where they are, and you do on-the-job paid training at a living wage & benefits for anyone ready, willing, and able to work. During a #pandemic, one of the most important jobs under the #JobGuarantee system is to #StayHome.
There are also millions of jobs that can be done remotely and safely right now (e.g. emergency call centers, wellness checks, testing/tracing/isolating for #COVID19, weatherizing vacant buildings, installing rooftop solar on every school and gov building,..
Read 6 tweets
26 Nov 19
#Thead
I get asked questions like this all the time "Is #MMT consistent with a post-capitalist system? #Socislism? #Imperialism? XYZism?"
MMT is compatible with any political system. 1/n
#MMT is an analytical approach that carefully estimates how much fiscal policy space a country has to meet its national priorities without causing #inflation. 2/n
Those national priorities are determined by a political system that can be participatory/dictatorial/fascist/capitalist/socialist/communist, or whatever. 3/n
Read 5 tweets
3 Nov 19
#THREAD
So if you have any doubt about this being a #ParadigmShift, check this out. A colleague from the humanities is teaching a social science class this semester. She decided to introduce her students to different theories about #money. 1/n
Naturally (dare I say?), a basic intro to #MMT was in order. One of the sources was episode 2 of the @MMTpodcast by @christreilly (a comedian) & @PatriciaNPino (an engineer) discussing #MMT & #MonetarySovereignty. 2/n
pileusmmt.libsyn.com/2-monetary-sov…
I'm told that this sparked a very lively discussion that will continue in class next week. I've always said that this paradigm shift will not take place under the leadership of mainstream economists & their admirers. 3/n
Read 6 tweets
16 Apr 19
Ten #MMT tips to remember on #TaxDay:
1. Federal #taxes don't fund federal spending, so let's #decouple these two important tools.
2. Taxes offset #Government spending.
3. It's a matter of #logic: #dollars must be spent into existence (by the Gov) first, in order for us to use some of those $ to pay taxes
4. #Taxing for #revenue is for local states/municipalities, not the #sovereign issuer of the #currency.
5. Taxing excessive wealth protects #democracy from #Oligarchy and protects us from abusive market power
6. Taxing #pollution & #speculation to reduce such activities, not to "fund" #healthcare and #education.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!