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Austerity is Murder🌹#MMT🧨 Profile picture
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26 Nov, 7 tweets, 2 min read
Modern Monetary Theory (#MMT) is a hyper accurate description of macroeconomics & how the operational realities of a modern monetary system works today. A sovereign, free floating, non-convertible fiat currency. like the US or Australian Dollar, British Pound or Japanese Yen. 1/x
So to deny those facts presents an unnecessary barrier to progressive programs and services. 💯
So... yes.... if you are blocking the knowledge of how to get a progressive agenda accomplished TODAY you have placed unnecessary blockers in front of saving lives. 💯
More over, if the planet is in such precarious environmental shape, you do not have time to tear it all down, rebuilding it as you see fit, with the folly of hope that conservatives and others will see it the same way and go along for the ride.💯
MMT destroys neoliberal objections to progressive policies so we win.💯

This is why those who fight for MMT are so adamant.💯

You act like we have all the time in the world. But we don't.
You act like the poor today have all the time in the world just to wait for you to build enough energy to tear the world down and rebuild it.But they don't.
It's beyond monetary operations. It is about legal authority and power dynamics. And full understanding beyond just "what it is today is all it will ever be" but you cannot fix a system you do not understand. MMT provides that lens and framework to restructure society for all.

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More from @sdgrumbine

Austerity is Murder🌹#MMT🧨 Profile picture
27 Nov
All Federal spending is NEW MONEY. All Federal Taxation is the deletion of money. Have to repeat this all the time to make it stick, but the fact is money isn't created then spent. It is spent INTO existence. It's not sitting in a vault. Nor is it sitting on a Brinks truck.
#MMT
Why does this matter? Our money is democratically "created" when Congress, via Article 1 Section 8 of the US Constitution, authorizes spending. Banks dont create it, load it on a pallet and lend to the Federal Government. The real question is who does Congress serve?
It should absolutely disgust you how our education system has failed us as millions of libertarians and conspiracy peddlers say the *private federal reserve* (code for lemming treats) just arbitrarily "prints money". The great lies meant to confound and they have been successful
Read 10 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
25 Nov
I've grown weary of problems without actionable solutions. We all know we are facing an environmental crisis. We all know this. Honestly? It will take a World War II level intervention to alter this significantly & a lot of diplomacy to engage other nations to do the same.
1/x
Most folks talking about the environment lead you off a bridge to oblivion. They point out the problem, but couldn't answer how to fund an initiative like this. Most are still chasing Bitcoins and berries.
The truth is, the window is tightening.

It requires real solutions. Real solutions that require an understanding of how to mobilize resources but leveraging the public purse.

I gauge the efficacy of all environmental work by how they Marshall resources in their solutions.
Read 8 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
24 Nov
I made this Facebook post a few years back and it still holds true. 1/x

I saw a disturbing comment from someone I don't believe I ever interacted with in my life. Their comment moved me so much I believe I am going to write a series of articles about it.

🧵🪡🪢
Let me start with the following:

1. For 40 plus years, the neoliberal era has reigned.
During that time, people have had little by way of resistance from the lies, deceit and self imposed prisons of ineffectual domestic governance and austerity.
2. The lies were baked into the school system, newspapers, sit comms, political debates even cartoons took the ideas of neoliberalism into the hearts and minds of our children...the people.
Read 33 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
24 Nov
Work too hard to allow trolls and people who congregate to trash you privately and publicly to be given oxygen but the trolls demand their pound of flesh.

If you hang out with people who do that type of shit, shame on you.
I am not joking. If you are busy creating fake accounts or worse, falsely accusing others with a "You shouldn't have worn thst dress" kinda come backs, shame on you. Public shit posts falsely accusing people and organizations is a troll level move meant to create a dogpile
You aren't "good" for jumping on those shit posts with a sort of psychotic bonding just shows a level of troll so severe I can't even put words to it.

Yes I can.

Shameful. Pathetic. Evil.
Read 6 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
16 Nov
The Progressive left have LONG had the right policy plans based on putting people first. The problem has always been how will you pay for it. That question still looms today & sadly many headline activists see winning the people collecting & missing the #MMT education aspect
1/x
Like a man who is sitting at a dinner table with his mouth sewn shut, Progressives and leftists as a whole have not been able to save lives with these programs and they screw it up with "pay fors", getting absolutely nothing, and yes, like this pandemic, people die, dead.
And because these incredible programs are never enacted & always have a stupid "pay go" trade off/ "offset", someone gets hurt. In fact, yes, many die very unnecessary deaths.

Power dynamics require the population to wake up and push back. That comes with knowledge. #MMT
Read 8 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
15 Nov
Fuck structural adjustment programs. Seriously. Global neoliberalism & the global race to the bottom is so immense... So unbelievably immense... I just don't think many are willing to really understand global capital and the noose we are in with capture & propaganda. Staggering.
Look at the local issues identified in the works of @DavarianBaldwin as he dug into the role of the University system predating and alienating upon the communities they reside. His book is a must read...

boldtypebooks.com/titles/davaria…
Add in the deep insights that @StephanieKelton gave the world in The Deficit Myth and #MMT

abebooks.com/Deficit-Myth-M…
Read 6 tweets

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