See, this is what happens when you #LearnMMT. @RoKhanna, like every federal government official (whether elected or appointed) has learned #MMT. Federal officials have always known #MMT. ( 👈Remember that, because it will – should! – make you angry after you, too, #LearnMMT.) 1/
Once you #LearnMMT, you will realize that there is one – and only one – reason that we can never seem to "afford" the moderately-expensive nice things for the powerless, even though we can always (and immediately) "afford" the mega-expensive nice things for the powerful. 2/
High-speeed economics lesson. Buckle up:

The US is a "sovereign" nation w a "fiat" currency (which has been the case since 1971, when Nixon took us off the gold standard). That means we can print our own 💰 – WHENEVER we want FOR whatever we want & however MUCH we want. 3/
But, unless u want 2 go 2 jail 4 counterfeiting, there’s only one "we" that gets to print 💰: the US Congress (not states, cities or households). Congress & all its members (including @RoKhanna) & their donor-bosses (which @RoKhanna & very few others thankfully have none of). 4/
Printing💰is no different than a child drawing a $1 bill (or $1 trillion) on a piece of construction paper. It’s magic. Voilà.

Congress writes a bill, which allocates some new 💰 to make it possible, the president signs it, and 💰 has been "printed." It’s magic. Voilà. 5/
What does it even mean to "afford" something in a world such as this? The only limitation is how many resources we have, and how many people are willing to make it happen. 6/
Sure, we can print a squillion dollars and demand that, by next Thursday at 5 PM EST, every single person in the country gets a brand new pony. Boom. 7/
But this is only realistic if we take the time to breed them. It takes 🐴 time 🐴 land 🐴 food 🐴...and ponies 🐴. It takes people to tend to, keep track of, & deliver them (and build the pens, train owners, and sell them supplies). 8/

So why do they tell us what is clearly not true? @StephanieKelton: “It provides cover for policymakers who are worried about exactly how much the public might demand of the government if they understood that a lot more is affordable than they’re told.” 9/…
Did you get that? The one – and only one – reason that the United States (even though there’s always💰for war) can never afford #MedicareForAll: We just don’t want to. We don’t WANT to. It’s a choice.

Unless and until we get money out of politics, this will never change. 10/
Be like Ro. #LearnMMT.

(And once you do, please get angry.)

@RoKhanna 11/
To #LearnMMT follow: “MMT for @RealProgressUS” on Facebook: 13/…
To really #LearnMMT, read the seminal (~100 pages and free) book by @wbmosler: 14/…
To really #LearnMMT, watch this with @StephanieKelton (1 hour): 15/
To really #LearnMMT, watch this, again with @StephanieKelton (1 hour): 16/
To #LearnMMT (and see the world through the eyes of those who understand it), follow Naked Capitalism by @yvessmith and @lambertstrether: 17/
To really really #LearnMMT, teach it. Please. Empower the powerless. @SenSanders @BernieSanders taught us that the root of all evil is money in politics. This is no less important. 18/18
A sort-of part two:
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More from @citizensmediatv

Aug 23, 2018
Broadcast last night by @TheYoungTurks: “Republicans ADMIT they’re coming for your Social Security and Medicare.“ Almost 50,000 views as I write this.
@AnaKasparian (45sec): “It is going to add $1.9 trillion to our federal deficit over the next 10 years.”

Why is increasing the deficit a bad thing? Yes, it should go to the many, not just funneled to the few, but what specifically is wrong with an increasing deficit?
Without a deficit, the American people have no value. They have no investments, no bank account, nothing in their wallet. Without a deficit, the American people are completely choked off from their government. Without a deficit, we have no society.
Read 14 tweets
Aug 19, 2018
“Then why does the military budget keep going up as social programs keep getting cut?"

Now that’s a good question.


[thread – version 2]

You and I require income (a paycheck) before we can spend. We must choose and prioritize what each dollar is spent on. Food or medicine? Can’t afford both this week. Or... gotta chop that pill in half so we can buy food for our kids. Hard choices. One or the other. Either/or.
Before Nixon took the US dollar off the gold standard in 1971, the federal gov't was the same way: they needed income (i.e. taxes) before they could spend. Now that the US dollar is a "fiat" currency, "a budget" to me and you is


like "a budget" to the federal gov't.
Read 34 tweets
Aug 3, 2018
"Then why does the military budget keep going up as social programs keep getting cut?"

Now that’s a good question.


You & I require income (a paycheck) before we can spend. We must choose & prioritize what we spend each $ on. Food or medicine? Can’t afford both this week. Or...gotta chop that pill in half in order to buy bread & eggs to feed our kids. Hard choices. One or the other. Either or.
Before the United States went off the gold standard in August of 1971, the federal government was exactly the same way: they needed income (taxes, borrowing) before they could spend on federal programs.
Read 33 tweets
Apr 23, 2018
1/ There is so much good in this video by @cenkuygur and @TheYoungTurks: The federal government prioritizes war over programs for the powerless. Like many many times over. But Cenk (and @commondreams) are SO wrong in HOW it’s presented. #LearnMMT
2/ The fed govt is not constrained by💰. The U.S. is a sovereign nation with fiat (non-gold backed) currency. It has infinite💰at its disposal. Whatever it needs, write it in a bill, vote it into law. BAM. New💰. (It SHOULDN’T create infinite💰, but it damn well could.) #LearnMMT
3/ State & municipal govts, and households, ARE constrained by💰, since they can’t create the currency. (Well, at the risk of going federal prison for counterfeiting, they could certainly try.) The fed govt (Congress) are currency ISSUERS. Everyone else are currency USERS.
Read 26 tweets
Apr 16, 2018
1/ An analysis of the first three paragraphs of the audacious smear job article tearing down a great woman, @ninaturner. (We got your back @ninaturner. ✊👊💪🙏) #receipts
2/ Paragraph one: That “Deep State conspiracies” link? The words “Nina” and “Turner” are nowhere to be found in the linked article.…
3/ The link about the uranium one conspiracy? Her actual quote has nothing to do with what the linked article accuses her of (and what Fassler so easily, excitedly, and enthusiastically perpetuates).…
Read 13 tweets
Apr 12, 2018
If you REALLY want #MedicareForAll, then stop talking about how we will “pay for“ #MedicareForAll.

#MMT #LearnMMT…
An insightful response to our article on avoiding the “pay-for” trap.


And another:

As citizens, we make demands from our reps, it’s their job to deliver on those demands & sort out the details properly.

Me: “I want #MedicareForAll
Rep: “How RU going to pay for that?”
Me: “Stop making me do your job. You wanna be a leader? LEAD!”

Read 13 tweets

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