Bill 🦉

I'm just a Bill, yes I'm only a Bill.

Shade Tree Economist, Economic Activist, Deficit Owl, Engineer

Where do you think dollars come from?
#LearnMMT

[Bill 🦉 @TxEx]

It is impossible to net save in the economy, be net importers, and NOT have a federal deficit. IMPOSSIBLE.

[Bill 🦉 @TxEx]

I'm out too.

[Warren B. Mosler @wbmosler]

Hi I'm taking an extended break from X.
It's all been said.
Many thanks for engaging!

[Bill 🦉 @TxEx]

@GabrielSerial98 @RelearningEcon You tell 'em laser eyes. 🤣🤣🤣

[Bill 🦉 @TxEx]

@petespetes @abarber1 Those who "know" everything can learn nothing.

[Bill 🦉 @TxEx]

@petespetes @abarber1 For anyone following along that is the least bit curious about how our monetary system functions. Here is a short primer:
https://t.co/n2uGw3PqFN

[Bill 🦉 @TxEx]

@petespetes @abarber1 There is no difference. Only the fed can credit reserve accounts and reserve accounts aren't generally considered part of the "money supply."

[Bill 🦉 @TxEx]

@petespetes @abarber1 Have you read Modeler's 7DIF?

https://t.co/HOdppRbKpQ

[Bill 🦉 @TxEx]

@petespetes @abarber1 It really is that simple. The natural rate of interest on reserves is 0. It takes intervention to increase it, either by paying IOR (current) or draining reserves (prior to 2008).

Who is proposing spending indiscriminately?

[Bill 🦉 @TxEx]

@abarber1 I am guessing that roughly half the country will say fair/poor in an election year based on whatever "news" sources they are tuned into.

[Bill 🦉 @TxEx]

@Jim4Prez2028 @ninaturner It's about 98% among sane people.

[Bill 🦉 @TxEx]

@pablonjelly @mcuban The same was it does now. US dollars are created when the government spends.

[Dean Baker @DeanBaker13]

If we end up without enough money to help the hurricane victims it will be because the Republican Congress didn't want us to have the money to help hurricane victims. It is that simple.

[Bill 🦉 @TxEx]

@trn1962 @ninaturner 🙄