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Raúl Carrillo Profile picture
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18 Feb, 16 tweets, 10 min read
It’s (thankfully) been a minute since I was active on night twitter, but the @LPE_Project #UBI symposium is so rich, I’m eroding my own norms 🙀! Time to talk about our lovely monetary consumption (& production...) economy!
First things first, read the intro! @NoahZatz did a characteristically thoughtful job introducing analytical themes and outlining the contours of the ensuing conversation. You simply love to read it. (Also...the links…the links…the memories...🔗🍻)

lpeproject.org/blog/consideri…
“Even the most progressive nation-based approach to basic income faces a fundamental justice challenge in the reality of human mobility.”

“...cash transfer programs created in response to #Covid19 may have some insight to offer.”

- Jennifer Gordon 🔥🔥🔥
lpeproject.org/blog/ubi-and-i…
(Your humble threader notes @RepRashida's #ABCAct, captained by @chastitycieraa, assisted by @rohangrey, myself, & others, mitigates exclusion of folks w/o papers by changing the payments tech, allowing for more privacy & a broader distribution scheme.)

tlaib.house.gov/media/press-re…
“@TheUndercommons...advocated for this aspect of the #M4BL proposal...

...we appealed to 2 distinctions: one in what’s meant by 'security' & the other in what kind of proposals for basic income would advance the cause of justice."
- @OlufemiOTaiwo 🛡️⚖️

lpeproject.org/blog/universal…
(IMHO, the importance of this sort of security analysis following 1/6, especially, cannot be overstated! For more, check out the @LPE_Project video with Asli Bâli & Aziz Rana!)

lpeproject.org/events/america…
“...the #CARESAct stimulus payments demonstrate the effectiveness of having in place a mechanism for even a modest universal cash transfer...”

“Women’s emancipation...requires not an increase in wages but a redistribution of capital.”

- @azelleke 💉💳

lpeproject.org/blog/basic-inc…
(The HT once again notes that the #ABCAct establishes payments for individuals rather than "households." Congress should consider it! 🙌)

tlaib.house.gov/media/press-re…
(For more on the Wages for Housework movement, debates within it, and how they resonate in today’s discussions of #UBI and #JG, cf., e.g.) 🙏

“It would be ironic indeed if a #UBI slipped quickly through the fingers of lower-income people of color and into the coffers of jurisdictions most aggressively criminalizing poverty."

- @NoahZatz! The umpire enters the fray! 🚫👮

lpeproject.org/blog/basic-inc…
An excellent, sorely needed essay. Back during the Econ Twitter Wars, @emmacaterinedsa & I would take a lot of heat from spreadsheet socialists for bringing up similar points! Here’s Emma critiquing Matt Bruenig’s UBI proposal on the *consumer debt* side:

habeasquaestus.com/2018/09/16/uni…
And here’s a shameless 🔌 for your boy on austerity & criminal legal debt. (Tweeting is labor).

escholarship.org/uc/item/7rp8g8…
"...even where choice is not restricted by the state, it remains restricted by the failures of the market."

“...it is impossible to imagine what other needs a family might ‘choose’ while happily eschewing housing..."

- @_lydianicholson 🏘️🪧❗️
lpeproject.org/blog/leftist-b…
THANK YOU, THANK YOU, LYDIA! It’s free breakfast program, not free breakfast voucher program! (A post after @NathanTankus’ ❤️.)

cc: @ksuenamu @econ_robinson @lilburke247 @zhionny74 @DR0DRIGUEZ
Stay tuned, my friends. I’ll be contributing a final perspective mañana!

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More from @RaulACarrillo

Raúl Carrillo Profile picture
20 Nov 20
#Biden Personnel THREAD! 🧵 This @nytimes article is deeply irresponsible & twisted seven ways til Sunday. It reads like the NYT straight-up printed the talking points of the (very, very interested) parties who have been pushing this line for months.

nytimes.com/2020/11/20/bus…
As a preliminary matter, I'll note @BrandingBrandi @DavidMoon2014 and I addressed every argument in this article, and deepened the attendant analyses, in this @barronsonline piece in October.

(NYT - giving space to a counter-argument would be swell!)
barrons.com/articles/a-bid…
That being said, I'm happy to redline the NYT piece in the same way some of these aspirational policymakers redline communities of color as part their business model. Aggressively.
Read 13 tweets
Raúl Carrillo Profile picture
16 Apr 20
🌩️ A few initial thoughts on the new #Libra white paper. Facebook's global financial surveillance system is dead. Long live Facebook's global financial surveillance system!

libra.org/en-US/white-pa…
WP Key Change #1: "Offering single-currency stablecoins in addition to the multi-currency coin."

The multi-currency stablecoin is still the heart of the system, it’s more complicated now, and it’s still the chief site of consternation from finreg and antitrust perspectives.
If anything, Section 4 of the WP suggest they will start with the multi-currency coin and a “small number” of “single-currency stablecoins”, which they will increase over time.
Read 18 tweets
Raúl Carrillo Profile picture
8 Jan 20
I hope that one day, mainstream economists will actually analyze how legal & political power affect who pays whom for what with what, when, where, how, and why.

Instead of just punting to what is essentially a "confidence fairy" vision of money, currency, and payments.
Saying "people use the because it is *perceived* to be strong because the U.S. is strong" is not very helpful, IMHO.

We should be just as gritty about the expansion of specific currency regimes as we are about the expansion of specific property & contract regimes.
This article (from an IMF chief economist) essentially repeats that "institutions really matter" but offers no comparative analysis of digital currency issuer's institutional arrangements, nor the ways in which issuers can scale their user ecosystems.

ft.com/content/e5dd66…
Read 5 tweets
Raúl Carrillo Profile picture
10 Dec 19
Happy International Human Rights Day!

Please join @policylink @NatlJobsForAll @thepublicmoney & over 500 leaders and orgs in the fight for the universal human right to a good job and #jobsforall:  jobguaranteenow.org
Folks including myself have spilled a lot of ink explaining how the #JobGuarantee would end involuntary employment, stengthen worker power, and generally gain us more democratic control over the labor system and society.
It's crucial to remember that this about the quality of jobs as well as the quantity.

No one should have to work a poorly paid job for the same corporate overlords who consistently prey on our families, communities, and democracy.
Read 10 tweets
Raúl Carrillo Profile picture
5 Dec 19
⛈️ THREAD. A new call to action (✊) and personal plea (🙏) re: the #GreenNewDeal and a federal #JobGuarantee.

jobguaranteenow.org
Recently, @policylink, @thepublicmoney, & njfan.org have put together a *Jobs for All Manifesto* demanding a world where everyone who wants to work has a right to a living-wage job.

jobguaranteenow.org
(Special thanks to @agb4equity & @streuhaft for facilitation and to @SandyDarity & @DarrickHamilton for partnering to provide Guiding Principles)

jobguaranteenow.org/guiding-princi…
Read 21 tweets
Raúl Carrillo Profile picture
23 Oct 19
.@repfranklucas makes the obvious point that one of the issue with people being "underbanked" is lack of institutional trust. He asks Zuck why people who are distrustful of banks would trust FB. Zuck - in contradiction of earlier media statements - basically says people trust FB.
@RepFrankLucas .@RepGregoryMeeks asks Zuckerberg if FB has worked with any minority-development depository institutions, given that he cares about the "unbanked" so much.

Zuckerberg admits he has no idea if FB has done this.

#ZuckBuck #BigTechTakeover
@RepFrankLucas @RepGregoryMeeks #Libra does not offer bank accounts.

#Libra does not offer bank accounts.

#Libra does not offer bank accounts.

#Libra does not offer bank accounts.

Stop it.

#ZuckBuck #BigTechTakeover
Read 96 tweets

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