Patti Davis

I am a real housewife of Orange County.

[Stephanie Kelton @StephanieKelton]

“We have it upside down..Debt/GDP is constrained and CO2 emissions are not. Fiscal policy, the whole financial and monetary system, should always follow our societal goals-that’s what it’s there for. And for some reason, we’ve managed to flip this around.” https://t.co/sAroNfHIsu

[Stephanie Kelton @StephanieKelton]

Everyone needs to understand this. Especially journalists.
Especially now.

[Stephanie Kelton @StephanieKelton]

Exactly three years ago, The Deficit Myth debuted on The New York Times bestseller list. I’ll never forget that moment.

[Mark Z. Jacobson @mzjacobson]

First time ever

California reaches 98.5% #WindWaterSolar during a summer day (& 20 GW #WWS produced)

15:40 June 25, 2023

Solar-66.95%
Wind-19.87
Geothermal-3.96
Small hydro-1.69
Large hydro-4.62
Batt-1.40
Tot-98.49%

>80% WWS for 9.75 h
>95% for 1 h

https://t.co/Kup74J4o6E

[hasanabi @hasanthehun]

idc that he’s a crank i love a thirst trapping candidate.

[Mark Z. Jacobson @mzjacobson]

Montana "could use a fraction of the land it uses for fossil fuel production to install around 1,000 wind turbines that he said could push the state to be able to utilize 100% renewable energy"

https://t.co/fmKqiPXCPt @youthvGov @cee_stanford @stanforddschool @StanfordDaily

[Stephanie Kelton @StephanieKelton]

Arguably the most important (and widely ignored) series of insights in MMT. From Wray’s book, Making Money Work for Us. (p. 109)

[CaseStudyQB @CaseStudyQB]

Fox News - 6/14/2023 - @marwilliamson interview on @seanhannity on @tiktok_us, eliminating energy production, military issues and more

1/4

[Stephanie Kelton @StephanieKelton]

A group of dedicated readers from Indianapolis want every member of Congress to read The Deficit Myth. https://t.co/S0o0bvAO4U

[Marianne Williamson @marwilliamson]

I wouldn’t either.

[Sen. Bernie Sanders @SenSanders]

I’m LIVE on the floor of the U.S. Senate to oppose the Republican effort to repeal President Biden’s action to provide up to $20,000 in student debt relief to over 40 million Americans. https://t.co/l6yzMwwn2p

[Stephanie Kelton @StephanieKelton]

Maybe decades of bipartisan fear-mongering for political effect was a bad idea.

[Stephanie Kelton @StephanieKelton]

Here's a free version of Chapter 3 of The Deficit Myth. It's called "The National Debt (That Isn't)" My attempt to fix our broken thinking. 8/ https://t.co/EtyY9wczPx

[Rohan Grey @rohangrey]

https://t.co/bmsJ2v0nLa

[Rohan Grey @rohangrey]

Who said it and when?

"Orderly and economical management of the public debt requires that the Treasury Department should have complete freedom in determining the character of securities to be issued and should not be confronted with any arbitrary limitation"

[Stephanie Kelton @StephanieKelton]

The "debt" limit was never intended to serve as a brake on spending. As @rohangrey explains in this law journal article, the original purpose was to make it easier for the executive branch to carry out the payments that had been authorized by Congress. 1/ https://t.co/yN9pAnKkoD

[Stephanie Kelton @StephanieKelton]

Think of the "debt" ceiling as a cap on the number of certain kinds of instruments (those subject to the limit) that Congress wants the US Treasury to use to facilitate the spending that Congress has authorized. 2/

[Stephanie Kelton @StephanieKelton]

Refusing to raise the "debt" ceiling, it is not Congress telling the executive branch to avoid spending in excess of tax revenue. 3/

[Stephanie Kelton @StephanieKelton]

It is, effectively, Congress challenging the executive branch to facilitate the payments it has committed to (under the law) without increasing the quantity of instruments subject to the "debt" ceiling. 4/

[Stephanie Kelton @StephanieKelton]

So it puts the ball in the executive court. How do you meet your legal obligation to carry out those payments without violating the "debt" limit? 5/