Citizens supporting full employment and price stability. Pushing back on deficit hysterians. Modern Money Theory (MMT). @OwlReserveArmy and @ModernMoneyMeme
Joined August 2016
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8 Dec 2020
In time for the holidays, the Deficit Owls shop has been revamped and we've got new designs. And they're on sale for the next 2 weeks, 15% off!
Buy MMT clothes and accessories to encourage conversations about fiscal reality (at no profit to us)! shop.spreadshirt.com/deficit…
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Deficit Owls 🦉 retweeted
8 Nov 2021
Earn a Master’s or PhD in Economics at the forefront of finance research and Modern Monetary Theory. UMKC offers a pluralist economics education taught by a diverse and engaged faculty. Study an economics that can face up to society's urgent challenges. cas.umkc.edu/areas-of-study/…
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29 Sep 2021
But MMT adds nothing new to the conversation, they said!! We all knew all that already, they cried!!!
29 Sep 2021
New Manchin statement says he's made clear to Biden and Dem leaders "that spending trillions more on new and expanded government programs, when we can’t even pay for the essential social programs, like Social Security and Medicare, is the definition of fiscal insanity"
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22 Sep 2021
Government spending happens FIRST and it only happens with money.
Later, as that money filters into people’s savings, the government sells bonds in order to change those savings into forms that savers prefer, i.e. bonds instead of money.
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22 Sep 2021
If prices were going to rise, it would have happened earlier in the story: either when the government bought goods and services, potentially bidding resources away from other uses by offering a higher price; or when private actors spent that money, before it ended up in savings.
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22 Sep 2021
So can you see why the Trillion Dollar Platinum Coin proposal would not be inflationary even though it’s “printing money?”
Levels of government spending and taxing would be the same in either case. We’re only talking about what form savers hold their savings in. #MintTheCoin
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20 Sep 2021
We issue our own currency. There is no “underlying debt problem.”
19 Sep 2021
All 8 major deficit reductions laws since 1985 were attached to debt limit bills. Congress should raise the debt limit, but attach some good-government reforms to address the debt and budget gimmicks so that we're actually treating the underlying debt problem (3/)
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14 Sep 2021
From our library: A Job Guarantee Would Set An Effective Minimum Wage. youtu.be/4qLhVy-uRU0?list=PL…
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12 Sep 2021
From our library: What Modern Money Theory Is NOT Saying. youtu.be/51Arlvr45kY?list=PL…
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12 Sep 2021
From our library: Difference Between Currency Issuer And A Currency User. youtu.be/mODnz8DnhCQ?list=PL…
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11 Sep 2021
From Neoliberalism to Social Justice: The Feasability of Full Employment in Tunisia - journals.sagepub.com/doi/10.…
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10 Sep 2021
From our library: A Gold Standard Reduces Domestic Policy Space. youtu.be/3OJFjzckZYM?list=PL…
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9 Sep 2021
From our library: The Issuer Of The Currency Can Always Purchase Anything For Sale. youtu.be/-LOwJ2H_hD4?list=PL…
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8 Sep 2021
From our library: Unemployment Is Created By Government And Can Only Be Solved By Government. youtu.be/NBgfAV78yII?list=PL…
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8 Sep 2021
The Rise of Money and Class Society: The Contributions of John F. Henry - levyinstitute.org/pubs/wp_83…
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8 Sep 2021
From our library: Difference Between Currency Issuer And A Currency User. youtu.be/mODnz8DnhCQ?list=PL…
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7 Sep 2021
From our library: Against Free Banking: The Liability Side Isn't The Place For Market Discipline. youtu.be/PyYYrIcgYJ4?list=PL…
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6 Sep 2021
From our library: How Could Euro Nations Start A New Currency? youtu.be/V2iBD1x5ofw
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