@rbreich
Highly recommend everyone read a couple of books:

The Deficit Myth by Stephanie Kelton @StephanieKelton

Let There Be Money by Scott Santens @scottsantens

#DeficitMyth
#LetThereBeMoney

Taxes do not pay for things, they just take the money out of circulation.

Deficit Myth: Social Security needs to be self funded

This is just the way that Congress has set it up currently - that the trust fund must be self sustaining.

Actually, the US as a sovereign currency country can fully fund Social Security without any associated taxes if it wants to.

Federal Taxes are only needed to deal with inflation and inequality.
State Taxes are only needed because states are not funded by the federal government.

#DeficitMyth #MMT

Planet Money: When The U.S. Paid Off The Entire National Debt

https://www.npr.org/transcripts/575352032

#Deficit #DeficitMyth

RT @Thomas_Tanay@twitter.com

If you're skeptical and would like to convince yourself by playing with a slightly more complicated model, follow the link!

https://thomas-tanay.github.io/posts/2022-SFCmodel

#DeficitMyth #ModernMonetaryTheory #MMT

🐦🔗: https://twitter.com/Thomas_Tanay/status/1600118518535667714

I’ve been very clear. We don’t wear tights. Spray tan. 
*Invents excuse to delay meeting, gets wax and spray tan, arrives at meeting*
Important Non-Tory Woman: Hello! Thanks for coming. Coffee? Isn’t the weather awful? Thank heavens for winter tights… goodness, bare legs in a blizzard! You must be freezing. Come and sit by the radiator you poor thing. Anyway, about this Important Subject we need to discuss…
#ToryIdealogy #DeficitMyth #Austerity #Budget #AutumnStatement #Expenses

@BettinaStruff
“The Curious Case of “We Can’t Afford It” “
No massive amount of hand-wringing over these eye-watering sums. No attempt to pretend the transactions had be funded by tax payers, in advance, as is the case with every socially beneficial programme, ever.
The deficit myth is never trotted out when conservatives spot an opportunity to grift.
#LearnMMT #StephanieKelton #DeficitMyth

https://www.bbc.co.uk/reel/video/p08jbbry/why-we-need-to-debunk-the-deficit-myth-

Stephanie Kelton’s lecture on using money for the public good. Never be stymied by. “How do we pay for it?” again!

https://youtu.be/6IBEoWSiTHc

#ProgressivePolitics #LearnMMT
#MMT #DeficitMyth

Just sharing two videos I watched during my morning commute:

1) The »how will you pay for it« scam – by Carlos Maza – https://youtu.be/MCKeXhta3H0 #mmt #deficitmyth

2) Redesigning Oslo’s transit diagram – by T2norway – https://youtu.be/tHQ5fOJkI-g #transitdiagram #design