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Austerity is Murder🌹 Profile picture
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20 Dec, 4 tweets, 2 min read
Friends telling me they are terrified to lose their jobs and are less than one check away from destitution and God help em if they lose their shitty unaffordable care these peak libs pushed with Biden and then the yachting society condemns them for fighting back #BAMN caddyshack
#ClassWar

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More from @sdgrumbine

Austerity is Murder🌹 Profile picture
22 Dec
Did you know that one of the ways our government prevents massive recessions, or mitigates them is with automatic stabilizers?

Thread 1/x #COVID19
Automatic Stabilizers are cash injections into the economy when certain events occur and they are cyclical and automatic. When the economy improves, the stabilizers eventually slow to appropriate levels as well.
They serve the public through services such as food stamps, Medicaid, and many other public services, but the key purpose of these automatic stabilizers is not just to help the people.
Read 31 tweets
Austerity is Murder🌹 Profile picture
13 Nov
Why do you suppose so many who refuse to actually read MMT literature feel compelled to critique it?
and why do they insist on waxing on about numeraires like the petrodollar or "end of dollar hegemony" when in fact Japan, the UK, Australia and even Canada are case studies that show the vapid nature of these claims?
Japan and China each have a sovereign free floating fiat currency and in the case of Japan have nearly 300% Debt to GDP ratio and they cannot crack 2% inflation and absolutely NO ONE is suggesting to not do business with Japan or that they are broke or anything else.
Read 16 tweets
Austerity is Murder🌹 Profile picture
12 Nov
@CheeseMacro is a great podcast for progressives who want to learn all about the political economy, socioeconomic issues and modern monetary theory #MMT check us out!!

realprogressives.org/macro-n-cheese… for all of our episodes, transcripts & extras! (we don't charge but welcome donations)
realprogressives.org/podcast_episod…
realprogressives.org/podcast_episod…
Read 10 tweets
Austerity is Murder🌹 Profile picture
1 Oct
As an #MMT informed #progressive... people not having pay is a DIRECT result of inactivity by our Federal Government. Trump. Congress. Etc.
As an #MMT informed #progressive, I know it is absolutely irresponsible for me to not always point to how the government is failing to meet our needs rather than ignoring this for other pet reasons.
As an #MMT informed #progressive, I choose to use the Corona Virus depression as a way of always shining a spotlight on the fact that we could have NATIONALIZED PAYROLL. We could have forgiven mortgage debt & paid rents to ensure no one lost their homes or jobs & Medicare for All
Read 5 tweets
Austerity is Murder🌹 Profile picture
19 Sep
I hope people follow their principles and maintain integrity. I don't presume to know what people should do. But I do speak a common language with people who paid attention to what neoliberalism has done to us and the death and destruction it left in its wake.
Neoliberalism gave us Trump. It abandoned families. It destroyed communities. It is the greatest evil of our time because it gives off a false "legitimacy" while being a direct form of fascism.
From mass surveillance to mass incarceration, deficit reduction and means testing, it has done more to destroy, divide and crush democracy than anything else... it also has killed our environment.
Read 12 tweets
Austerity is Murder🌹 Profile picture
8 Sep
Keep this in your back pocket.
Read 4 tweets

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