Nathan Becker 🇺🇸 Profile picture
AWS Architect & Economics❤️ ❤️ Economic policy encourages credit use and discourages the repayment of debt. That's how we in the private sector got so indebted.
Jul 7, 2018 7 tweets 1 min read
There are two ways to create dollars and two ways to destroy dollars:

Create Dollars:

I. Lend dollars
II. Federal deficit spending

Destroy Dollars:

I. Pay off a loan
II. Federal taxation… Lending creates dollars. When a loan is supported by a loan document owned by the lender, the loan document is money. Like a dollar bill, it represents dollars owned by the lender, while the borrower receives new dollars. That is the difference between a loan and a payment.
Mar 11, 2018 7 tweets 1 min read
Yet another article that relies on you being ignorant about federal finances and Social Security… Let us begin with three, very simple, related facts:

1. It is 100% impossible for the U.S. federal government to run short of dollars unless the President and Congress want it to.
Feb 15, 2018 7 tweets 2 min read
The U.S. federal government always spends dollars it doesn’t have, simply because, being Monetarily Sovereign, it creates dollars, ad hoc, by spending dollars. Spending, or more specifically, paying bills is the federal government’s money-creation method. (Anyone who believes the government spends dollars it has, is welcome to tell us how many dollars the U.S. Treasury has. You might be surprised at not being able to find an answer. But why would a government need to have dollars, if it can create dollars, endlessly?)