Jeff Epstein 🌹🌎 Host of @ActivistMMT 🦉 Profile picture
Third-year #MMT activist & host of podcast @ActivistMMT. I also sing: @seejeffsing Sometimes host of @historic_ly. Dem primary nonsense: @PBernardSanders.
Aug 23, 2018 14 tweets 7 min read
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?
Aug 19, 2018 34 tweets 21 min read
“Then why does the military budget keep going up as social programs keep getting cut?"

Now that’s a good question.

#LearnMMT

[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.
Aug 3, 2018 33 tweets 14 min read
"Then why does the military budget keep going up as social programs keep getting cut?"

Now that’s a good question.

[thread]

#LearnMMT 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.
Apr 23, 2018 26 tweets 18 min read
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
Apr 16, 2018 13 tweets 7 min read
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.

newrepublic.com/article/146612…
Apr 12, 2018 13 tweets 6 min read
If you REALLY want #MedicareForAll, then stop talking about how we will “pay for“ #MedicareForAll.

#MMT #LearnMMT

citizensmedia.tv/2018/04/12/mmt… An insightful response to our article on avoiding the “pay-for” trap.

Article: citizensmedia.tv/2018/04/12/mmt…

Comment: nakedcapitalism.com/2018/04/true-a…
Apr 9, 2018 11 tweets 7 min read
The first of four parts of my interview with @NinaTurner, at Saturday's @OurRevNJ "People's Platform" event. Flint water is still poisoned after four years, yet "we are consumed by the man in the White House. We are consumed by him." Nestle was granted water bottling rights by Michigan. Despite 80,000 public comments against (only 75 in favor), "the agency concluded that the company's plan met w legal standards." So, what?, they're legally obligated to grant the company these rights? npr.org/sections/thetw…
Apr 7, 2018 6 tweets 3 min read
1/ An extraordinary first article for understanding Modern Monetary Theory #MMT: “Cutting the federal deficit to cure a recession is like applying leeches to cure anemia.” #LearnMMT mythfighter.com/2010/08/13/mon… 2/ Freaking out about the deficit and the debt is to myopically focus on only the federal government’s bank account at the expense of every private citizen. A balanced budget for the federal government takes money directly out of the pockets of every American. #LearnMMT
Mar 27, 2018 6 tweets 2 min read
---LIFE’S THREE BIG LESSONS FOR THOSE WHO WISH TO WAKE UP---

1: Money is the root of all political evil. 1a: ...and it’s corollary, income inequality.
Mar 18, 2018 9 tweets 6 min read
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.
Mar 14, 2018 21 tweets 14 min read
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/