Our Money

Campaign to shine a light on money creation so we can make it more accountable to democracy. #MMT

[Our Money @ourmoneyus]

It’s not other countries that are taking advantage of us. It’s our own refusal to sufficiently cut our working class in on the spoils of our reserve currency status that is the problem. Trump’s solution is to take food off of other countries’ plates that are poorer.

[ian bremmer @ianbremmer]

how is the united states so much wealthier than all these countries that take advantage of us?

[Matthew C. Klein @M_C_Klein]

"Tariffs will encourage production to move to the United States"

"The tariffs will turn off randomly but might also turn on again at any time"

Imagine getting all the downsides of tariffs while ensuring no possible upside (even if any upside was always unlikely)

[Spencer Veale @VealeSpencer]

If he wants rates to come down, complaining about other countries holding our treasuries as reserve assets is not gonna help that.

[Spencer Veale @VealeSpencer]

For all of Trump's disregard for checks on executive power, it's notable that he hasn't pushed for the Fed to simply lower rates. This is likely because advisors are telling him this would be inflationary. But this is wrong, as all those years of QE should have taught everyone.

[Spencer Veale @VealeSpencer]

Trump calls other countries holding our treasuries as reserve asset unfair currency manipulation, yet wants to remain reserve currency nation. Then when demand for treasuries declines, and pushes rates up he backs down. Seems like he doesn't realize what he was asking for.

[talmon joseph smith @talmonsmith]

housing starts and building permits crashing to multiyear lows amid a vast national housing supply shortage, largely due to high interest rates

[David Stein @DavidpStein]

I published this three years ago.

https://t.co/tVKUfopBtD

[Spencer Veale @VealeSpencer]

Rate hikes are likely now making inflation worse by restricting housing construction..

[Dirk Ehnts @DEhnts]

Japan had the LOWEST price rises. Here is what they did in terms of monetary policy: Nothing. It worked!

[Mariana Mazzucato @MazzucatoM]

Inflation today is driven by monopolistic supply, not excess demand. Energy, food and more. The whole discussion about interest rates ignores that. Go after the source (anti-monopoly, and the multiple causes of “excess” profits ie “rents”). @IsabellaMWeber very good on this.

[Stephanie Kelton @StephanieKelton]

New Paper. Understanding the International Rise and Fall of Inflation Since 2020
"We find that three factors played a dominant role across the 21 countries we study: energy price inflation, food price inflation, and shipping cost inflation, as measured by the Harper charter rate. Taken together, these three variables account for between 21 percent and 94 percent of the variation in headline inflation shocks, depending on the country, with energy price inflation by far the dominant factor." https://t.co/b2dzmRLUiV

[Stephanie Kelton @StephanieKelton]

Labor + Clergy + MMT = 🔥

[Stephanie Kelton @StephanieKelton]

“The sleeper hit of this year’s DC Labor FilmFest, attracting nearly 200 attendees to last night’s screening at the AFI Silver. The rapt audience stayed for a 45-minute discussion about flipping our understanding of the national debt — and the nature of money — upside down.” 👊🏽

[talmon joseph smith @talmonsmith]

some may not think it's right, but it ain't wrong

[FINDING THE MONEY Film @FindingMoneyDoc]

Coming to DC! (Silver Spring, MD) @AFISilver Theater, tomorrow Thurs May 9! 6:45pm screening.
Don't miss Q&A with @StephanieKelton, @FlyingWithSara, @iamdelmancoates, and filmmaker.
Tickets 👉 https://t.co/hlRncOGJQD

[FINDING THE MONEY Film @FindingMoneyDoc]

“Money is fundamentally a public utility.
We have to shift from their money, to OUR money.
Money belongs to us, it’s the people’s money”
- Rev. Delman Coates

* EXPERT SPOTLIGHT *
Featured in FINDING THE MONEY is @Iamdelmandcoates founder of the Our Money Campaign @ourmoneyus

[Stephanie Kelton @StephanieKelton]

The question everyone is asking me: How do I watch Finding the Money documentary?

Answer: watch from home wherever you rent or buy movies — AppleTV (iTunes), Amazon (up at some point), YouTube, GooglePlay, Xbox, Vudu (Fandango At Home), Xfinity, Comcast, or DirectTV.

[The Lever @LeverNews]

🤡

[Stephanie Kelton @StephanieKelton]

Amazing to see the MMT documentary at #4 after its first day on streaming platforms.

[FINDING THE MONEY Film @FindingMoneyDoc]

CLIP: We hear a lot about the national debt.
But do currency-issuing governments really ‘borrow' their own currencies?
The answer might surprise you.

Watch FINDING THE MONEY documentary, In Theaters and On Demand TOMORROW May 3: https://t.co/H1e5fEuV7t