Deficit Owls  

@DeficitOwls

Citizens supporting full employment and price stability. Pushing back on deficit hysterians. Modern Money Theory (MMT). and

All fiat currency governments.
Joined August 2016

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  1. Pinned Tweet
    21 Sep 2018

    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: )

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  2. 5 hours ago

    From our library: Universal Healthcare Probably Requires LOWER Taxes, Not Higher.

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  3. 6 hours ago

    From our library: The Fed And The Treasury Can't Be Independent.

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  4. 8 hours ago
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  5. Jan 3
    Replying to and
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  6. 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 💵.

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  7. 20 hours ago
    Replying to and

    Taxes do a lot of things but they do not fund public spending. Watch this, it might help.

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  8. Jan 3

    From our library: Why There Will ALWAYS Be A Demand For US Treasury Bonds.

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  9. Jan 3

    The federal debt was paid off once - in 1835. We promptly entered a depression.

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  10. Jan 2

    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.

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  11. Jan 2
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  12. Jan 2

    From our library: Hyman Minsky - Stability Is Destabilizing.

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  13. Jan 2

    Just a reminder: Modern Monetary Theoy IS NOT saying that deficits don't matter.

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  14. Jan 2
    Replying to and

    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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  15. Jan 2

    From our library: Government Can Buy Things The Private Sector Doesn't Want.

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  16. Jan 2
    Replying to and
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  17. Jan 2

    I will be voting NO on the Rules package with . 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.

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  18. Jan 1

    PAYGO is a wildly bad economic policy. If your House representative is a Democrat, demand that they

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  19. Jan 1

    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.

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  20. Jan 1

    2019 promises to be an interesting year...

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  21. Jan 1

    From our library: Against Free Banking: The Liability Side Isn't The Place For Market Discipline.

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