Nothing pains me more than to have to explain to activists & others who've deeply held beliefs & very little individual power to execute them, that they MUST toss aside lies & myths about macroeconomics In order for us to get the policies we want & need. But we do & We must. #MMT
See, short of a real revolution that literally dismantles the entirety of global capital, we must learn and understand the system to make demands. Demands that will rally the streets and get the establishments attention. That's why you need to #LearnMMT
The tales from the barstool and tablecloth are simply not striking fear in the establishment and it is misleading well meaning activists. That time waste is a loss we cannot overcome if it continues as climate disaster bears down on us and escalates. Woe to those who advance lies
To unite in truth and strike with achievable demands is what we have before us.
But the conspiracy chasers aren't actually mobilizing people to action that would save lives. It's more of a James Bond tale to keep them feeling edgy and "in the know"... But they are committing an unforgivable act against our collective futures.
Distracting people with bullshit and making it up as you go for likes and clicks isn't helping a single soul on the planet except yourself

At what cost?

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More from @sdgrumbine

29 Dec
There is a HUGE public out there who thinks our nation, which creates its own currency everytime it spends, must be constrained like a household budget which cannot do the same.

The lie is so pernicious that no other factor will hold us back including corruption, rigged elections, or any other issue you may raise.
Because this lie is responsible for more death and destruction than any other lie, it is ground zero of our efforts. All the yellow vests and protests in the world will not fix what ails us until this is known.
Read 7 tweets
29 Dec
The Job Guarantee is a built in automatic stabilizer that, instead of just propping up unused commodities actually steps in and backstops labor minus the politics. Federally funded, locally administered automatic community stabilizer and a job as a right. #MMT #FJG
Enabling real geographic and class mobility. Baked into the DNA of the nations laws, and institutions, women trapped in bad marriages would have the ability to move forward with confidence, leaving abusive situations and landing on their feet with a #FJG... Free to move about.
Now... Add in the idea of free college and eliminating student debt and expanding social security and a Green New Deal. A better world is possible.
Read 4 tweets
28 Dec
While people jump around, topic to topic... I keep coming back to economics.


Even the edgy hipsters tell you to follow the money.

But what happens when you do? When you honestly seek to understand?

You find the Federal Government is the owner of the patent on the US Dollar and can afford anything available for sale IN US Dollars.

You find it can never go broke.
You find that debt denominated in its own currency is simply our national assets on the other side of the balance sheet.
Read 8 tweets
17 Dec
What #MMT provides is many fold, but two key insights...

The political

The economic
1. Political: since fed taxes do not fund spending, the political argument for blocking programs can be overcome.

2. Economic: currency issuers are vastly different from currency users & sovereign debt of a currency issuer is VASTLY different from that of a currency user.
By understanding these two seemingly unrelated points, the efficiency an economic guru seeks to exploit can be realized.
Read 13 tweets
15 Dec
You're in a hole with friends and everyone wants out.

Some decide it is hopeless so they begin to take a shit.

Some are too angry to think, so they start screaming and thrashing at everyone, mindless of the wounds they are inflicting.

You see a rope ladder and say "hey, gang, there is a way out... the rope ladder is sturdy and will lead us to safety if we work together"
They stare at you and go right back to what they are doing but sadly, try to prevent you from climbing the ladder and continue to act as doom is the only solution.

The curse of being #MMTWoke
Read 6 tweets
14 Dec
You feel like you are watching and nothing you say or do will stop the tsunami from killing your family...
People in this movement will betray you, smear you, isolate you, ignore you, suffocate you. Kill you with inertia.
And yet we must press on... And yet.. how when people check out if their shoes are on too tight or they will smear you and steal your ideas and turn your friends and allies against you.
Read 4 tweets

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