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Looking for short explainers on government budgets + Modern Monetary Theory? Check out our YouTube library! (P.S., you can buy MMT-related clothes and accessories (at no profit to us) here: https://www.spreadshirt.com/user/Deficit+Owls …)https://www.youtube.com/channel/UCWXGA051bB7uXlvsiGjvOxw/ …
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From our library: Universal Healthcare Probably Requires LOWER Taxes, Not Higher.https://youtu.be/SII2VTZS_Ek?list=PLZJAgo9FgHWbAYIwR91ULyFfCeIAzYRfO …
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From our library: The Fed And The Treasury Can't Be Independent.https://youtu.be/mU6JUVumCds?list=PLZJAgo9FgHWao1lUs2cH2o-K0O6kLSUBE …
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Deficit Owls Retweeted
My resource page on MMT https://homosociologicus.com/neoliberalism-3
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Deficit Owls Retweeted
The ~$22T “national debt”—a.k.a. the
spent by government and not taxed back, which is currently being saved in the form of US Treasuries—is not a debt crisis. It’s just another way to hold
. #breatheThanks. Twitter will use this info to make your timeline better. UndoUndo -
Deficit Owls Retweeted
Taxes do a lot of things but they do not fund public spending. Watch this, it might help.https://youtu.be/WS9nP-BKa3M
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From our library: Why There Will ALWAYS Be A Demand For US Treasury Bonds.https://youtu.be/EMEhE-WJFQA?list=PLZJAgo9FgHWajc5BdOP8e75eddFmWhtzh …
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Deficit Owls Retweeted
The federal debt was paid off once - in 1835. We promptly entered a depression.
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Deficit Owls Retweeted
There are no long-term risks of the Federal debt. The Federal debt is older than the Constitution. Perhaps let's stop the whining about a context-less accounting value. https://twitter.com/JohnArnoldFndtn/status/1080576274521829379 …
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Deficit Owls Retweeted
Dear
@WelchForVT please vote#NoOnPayGo. It’s bad policy and bad politics.https://twitter.com/stephaniekelton/status/1080474119311974400 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
From our library: Hyman Minsky - Stability Is Destabilizing.https://youtu.be/MzxM2GDM5wI?list=PLZJAgo9FgHWaVkIgKXLTeQNjt6Cxxg6L2 …
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Just a reminder: Modern Monetary Theoy IS NOT saying that deficits don't matter.https://twitter.com/MMTpodcast/status/1080595019122262016 …
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Deficit Owls Retweeted
As long as US taxes can only be paid in US dollars, there will be demand for US dollars so people can pay their taxes.
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From our library: Government Can Buy Things The Private Sector Doesn't Want.https://youtu.be/F3ghMOf1XUo?list=PLZJAgo9FgHWajc5BdOP8e75eddFmWhtzh …
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Deficit Owls Retweeted
Everybody needs to read this!http://rooseveltinstitute.org/deficit-nine-myths-we-cant-afford/ …
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Deficit Owls Retweeted
I will be voting NO on the Rules package with
#PayGo. It is terrible economics. The austerians were wrong about the Great Recession and Great Depression. At some point, politicians need to learn from mistakes and read economic history.@paulkrugman@StephanieKelton@RBReichhttps://twitter.com/GunnelsWarren/status/1080318713331617792 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
PAYGO is a wildly bad economic policy. If your House representative is a Democrat, demand that they
#VoteNOonPAYGOhttps://twitter.com/GunnelsWarren/status/1080318713331617792 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Deficit Owls Retweeted
The simple fact is that the gov is the issuer of the currency, which means it can always make any payment in that currency, of any size. What matters is what effect those payments will have on the economy.pic.twitter.com/X2exYN2YqB
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2019 promises to be an interesting year...https://twitter.com/JoseCanseco/status/1079989939050209280 …
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From our library: Against Free Banking: The Liability Side Isn't The Place For Market Discipline.https://youtu.be/PyYYrIcgYJ4?list=PLZJAgo9FgHWZWzg_6MN2l2foyKPrIAP-C …
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