1/8 Please please please, @WaywardWinifred (& all progressive leaders!), please #LearnMMT. in a country that prints its own money (the United States is a “sovereign” nation with a “fiat” currency) the national debt is meaningless and nonsensical. 
2/8 #LearnMMT
- “We can’t ‘afford’ #MedicareForAll!” 👉 The word “afford” is meaningless in a fiat currency. We print our own money!
- “Sure, #M4A is nice, maybe someday, but how will we pay for it?!” 👉 We pay for it by voting the money into existence. How? By passing HR-676.
- “We can’t ‘afford’ #MedicareForAll!” 👉 The word “afford” is meaningless in a fiat currency. We print our own money!
- “Sure, #M4A is nice, maybe someday, but how will we pay for it?!” 👉 We pay for it by voting the money into existence. How? By passing HR-676.
3/8 #LearnMMT
- But r taxes will go up! 👉 Federal taxes, while really important, DO NOT PAY FOR ANYTHING. (If u could print ur own 💰, would u need income?)
- But it will bankrupt the country! Think of the children! 👉 Exactly how do u bankrupt a country that prints its own 💰?
- But r taxes will go up! 👉 Federal taxes, while really important, DO NOT PAY FOR ANYTHING. (If u could print ur own 💰, would u need income?)
- But it will bankrupt the country! Think of the children! 👉 Exactly how do u bankrupt a country that prints its own 💰?
4/8 That scary national debt does serve one purpose: to scare us out of believing that #MedicareForAll – and all nice things the powerless deserve – are possible. (Yet there’s always money for war....)
(To say the national debt is bullshit is an understatement.)
(To say the national debt is bullshit is an understatement.)
5/8 Those who don’t #LearnMMT waste so much time on the “how will we pay for it?” question, when they should be just organizing & demanding #MedicareForAll, once and for all, goddammit.
6/8 They won’t give us #MedicareForAll bc they profit off of our sickness, yes. But there’s a bigger reason: #M4A would unchain the powerless from their jobs & allow us to RUN for Congress & REPLACE them. It not about health or profit, it’s about keeping the powerless powerless.
7/8 Please, @WaywardWinifred, please #LearnMMT. & when you do, please #TeachMMT.
It is as profoundly important as what Bernie taught us: that money in politics is the root of all evil.
It is as profoundly important as what Bernie taught us: that money in politics is the root of all evil.
8/8 #LearnMMT
This is how we win.
Here is our tutorial, with resources to learn more:
This is how we win.
Here is our tutorial, with resources to learn more:
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by @citizensmediatv view original on Twitter
tells me @WaywardWinifred probably does know #MMT and was sharing the above debt tweet to mock the media and those who pretend they don’t know #MMT. Apologies if that’s the case. Still a valuable lesson to many.
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