The cat is out of the bag & the Fed Gov creates new money whenever it spends.

It's not tax payer dollars.

It's not just printing money.

Its just how it is.
In fact, its completely the other way around!!!

The Federal Government funds tax payers, without which, they couldn't pay their taxes.
So this should open your mind to a Green New Deal and many other long lost Hope's and dreams cast in the trash bin over fake cries of the nation being broke or having to "reduce the deficit".

Now you know better ...

Time to do better...

#LearnMMT #EachOneTeachOne

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More from @sdgrumbine

May 7
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 35 tweets
Apr 20
So the plan is always to privatize as much as possible all in the name of creating markets.

This is neoliberalism.

It can only thrive based on lies.

Based on the idea that the government is broke, in debt to foreign nations or conspiracies like the Rothschilds etc.

It can only thrive as long as you believe that your "hard earned tax dollar" is paying for someone's bad decisions.

They can make the case repeatedly that we cannot afford to do nice things.
Worthlessly, many in the political sphere advance this lie and we believe them. We allow them to represent us with falsehoods.
Read 10 tweets
Apr 2
MMT is an accurate description of How our underlying operational realities work today.

So to deny how that is presents a 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, rebuild, hope conservatives and others go along.
Read 10 tweets
Mar 17
The pandemic of neoliberalism continues to take more lives than any of us seem prepared to accept.

More than wars.

More than viruses.

And media/party propaganda keeps it going and we are the carriers of the disease...
Every single time we asks the Federal Government "How ya gonna pay for it?" Someone dies for that lie.
Every single time we act as though the Federal Government is at the mercy of taxes to fund Programs someone dies for that lie.
Read 5 tweets
Mar 16
Malta: currency issuer. Malta with a central bank. Malta has the Maltese Lira.
The NHS run by Currency issuing UK with the Bank of England as the currency issuer.
Washington State: Currency user. Cannot issue it's own currency.

Someone isn't talking MMT.
If this isn't a base case that is being ignored... Nothing else is. Read this short, simple to understand PDF by Randall Wray at the Levy Institute of Bard College. Let me know when to break out the white out... The red lining of this document...…
Here is a great video going all the way back to 2010 by @wbmosler the post from 2012.

This is a rudimentary as it gets.
Currency issuer. Currency user.…
Read 9 tweets
Mar 13
Have you ever sat back and wondered why we never see actual progressive policies enacted? Have you ever wondered why we always get stuck at "how are you gonna pay for it?"

Yeah... me too...
That led me to this... and it is the fact...

Our nation is monetarily sovereign... a state currency issuer... the currency is free floating as in not pegged or tied to another currency or commodity like "petrodollars" or "banana dollars" or gold, chicken necks or frog legs.
And Fiat (by decree)... in other words... Our Federal Government is God of the dollar.

Taxes do not fund spending... but they do drive the NEED for our CURRENCY (US Dollars) and ensure that there is a demand for the currency. If you don't have dollars, you can't pay your taxes.
Read 6 tweets

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