Thread by @citizensmediatv

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/

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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/

@StephanieKelton: latimes.com/opinion/op-ed/…

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/ citizensmedia.tv/2018/02/25/fed…

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: @StephanieKelton, @RealProgressUS, @geoff_ginter, @sdgrumbine, @wbmosler, @mikenorman, @DeficitOwls, @ptcherneva, @elliswinningham, @joefirestonephd (and, hey, why not us? @citizensmediatv) 12/

To #LearnMMT follow: “MMT for @RealProgressUS” on Facebook: 13/ facebook.com/groups/MMTforR…

To really #LearnMMT, read the seminal (~100 pages and free) book by @wbmosler: 14/ moslereconomics.com/2009/12/10/7-d…

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/ nakedcapitalism.com

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

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A sort-of part two:

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unroll (added sort-of-part-two tweet)