(3/5) This has been the operational reality since the dollar floated in 1983 🗓️.
The real limit on what we can achieve isn't money—it's our available people, skills, and materials.
The question isn't "How do we pay for it?" but "Do we have the real resources to do it?" 🤔
#DeficitMyth
The sooner we stop this surplus/deficit obsession and focus on the use of real resources on a finite planet, impact on people, society and the environment the better.
#whatmatters #deficitmyth #MMT
It's more than that... read the book "Invisible Doctrine," by @georgemonbiot.bsky.social this is a chance for Democrats to save humanity and the planet by ending the lie of neoliberalism start telling the truth that taxes don't fund fed spending! #DeficitMyth! @stephaniekelton.bsky.social
Spread the word.
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
Be ready! When we finally wrest the tyrant out of the White House we can start funding what we need Don’t believe the #deficit myth #deficitmyth #mmt #peopleseconomy.
"Stephanie Kelton, the author of ‘The Deficit Myth’ tells us, that governments should not aim to balance the books; rather it should aim to balance the economy."
Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/29hhtu96
#Economics #StephanieKelton #DeficitMyth
Taxpayer dollars is inaccurate, and fuels the narrative in favor of AUSTERITY. It is the phrase people who want to cut benefits to the people while lowering taxes for the rich use.
Preferable to use The People's Money.
#MMT #DeficitMyth @stephaniekelton.bsky.social
Stop using "taxpayer dollars" it is a fiction used to create public will for cutting things people want.
Use "the People's money"
C.f #DeficitMyth @stephaniekelton.bsky.social #MMT
Trillion dollar coin -- a way to counter threats by congressional Republicans refusing to raise the debt limit. Paul Krugman said, "Minting the coin would be economically harmless – and would head off government by blackmail."
en.wikipedia.org/wiki/Trillio...
#DeficitMyth #MMT #MintTheCoin
Once you start with the Taxes Pay For argument,
you end up with austerity.
#MMT #ThePeoplesMoney #DeficitMyth
An understanding of fiat currency and deficits would help them immensely. #MMT #deficitmyth
Deeply frustrating Rs and most Ds do not understand basic monetary operations. @stephaniekelton.bsky.social #MMT #DeficitMyth
At a Federal level the taxes do not "pay for" the benefits. At the state level they do. #MMT #DeficitMyth
Good sentiment and taxes do not pay for spending.
#MMT #DeficitMyth
Austerity arguments are made, consciously in bad faith, by elites wanting to keep the weak and poor weak and poor.
Elites want to vacuum the people's money into their pockets, not to spend it on the poor
#UBI #MMT #DeficitMyth
