Pretend you understand #MMT (Modern Monetary Theory) and look down at your child, knowing we have less than 12 years to substantively reduce our carbon footprint massively to stave off some of the more deleterious effects of climate change heading towards us.
1/x
You know that Congress and other sovereign currency issuing nations can simply spend what must be spent to save us all from disaster. (Same with Healthcare and education amongst a host of basic needs left unmet)
Now... pretend that the major parties are both corrupt and 3rd parties are steeped in economic illiteracy that edges up on at worst criminal negligence and the very least incompetence.

What do you do?

Now stop pretending.

That is what we are facing today.
The Democrats want to reduce deficits. (At least some Justice Dems like Alexandria Ocasio-Cortez @AOC @BERNIESANDERS, @RashidaTlaib economic advisers get it right and understand MMT)

Both major parties want to reduce public services while blowing up the deficit on the wealthy.
The Greens want to End the Fed, Green the Dollar, create some non-elected monetary reform board and then... deal with climate change.

So.

We are FUBAR. Get it? Still wondering what I am talking about?
Time is running out for millions during this #COVID19 pandemic. From mortgages and rent to utilities and even student debt. Congress acts like this is tough. Many believe them. They think the Federal Government is budget constrained like their household and that is a huge mistake
Congress alone can fix all of this. Can pay for it with keystrokes. Deficit spend without raising a nickel of taxes and If that seems to hard to get, then we are more screwed than anyone could've ever dreamed.#LearnMMT #EachOneTeachOne #GreenNewDeal #climatejustice #ForceTheVote

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More from @sdgrumbine

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 32 tweets
20 Dec
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
Read 4 tweets
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
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)
Read 10 tweets
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
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

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