Tim Abell

Senior Software Developer / Systems Architect. Progressive political activist. Modern Monetary Theory (#MMT) student & advocate. #LearnMMT Caps nut! #ALLCAPS

[Tim Abell @timabell]

@fiat_money And https://t.co/UdgZlB9tuw

[Tim Abell @timabell]

@fiat_money I was going to attach a similar version of that but couldn’t find it in my photo library fast enough. 😏

[Macro n Cheese Podcast #MMT @CheeseMacro]

🎧LATEST EPISODE LIVE NOW!
Political economist @emma_holten talks with @sdgrumbine about how mainstream economics erases care work and social reproduction, even though all economic activity depends on them. #Feminism #CareWork #EconTwitter

https://t.co/PnKQCtvf8g

[Macro n Cheese Podcast #MMT @CheeseMacro]

New Episode! 💰

Federal Reserve independence? Myth.
Who wins when the Fed hikes rates? Not you.

@sdgrumbine and OG Randy Wray give us a breakdown of the inner workings of this unruly creature of Congress & its detrimental effects on the working class.

https://t.co/9bgGuPC3Nh

[Macro n Cheese Podcast #MMT @CheeseMacro]

🧶Untangle the complex threads of Socialist Tradition & weave in a little MMT with @varnvlog & @sdgrumbine 📚 Listen now and save yourself like 15 years of heavy reading! 🙃 #Marx #Lenin #Stalin #Trotsky #anarchy #socialism #communism #MMT

https://t.co/xSk3EDDg2e

[Tim Abell @timabell]

@HenricCont @FredTheLobster If an airline issues miles (spent into existence by the sole issuer), redeemed miles (paying taxes) are deleted from existence, but it never has to get miles back before issuing more; the same miles are never re-used; they create new miles. Policies control miles in circulation.

[Tim Abell @timabell]

@HenricCont @FredTheLobster Just like the national “debt” isn’t a debt; it’s public money that wasn’t deleted via taxation. Who is owed? It’s just the amount of money that’s been converted to t-bills, which is easily converted back (like a savings to checking transfer) if desired.

[Tim Abell @timabell]

@HenricCont @FredTheLobster While true that banks create money via loans (that money is uncreated/deleted as it’s paid back), that’s very different from HPM (high-powered money) created by the monopoly currency issuer (the federal government).

Here is a video to get you started 😏

https://t.co/N77p9XDsZN

[Tim Abell @timabell]

@rastus_malone @FredTheLobster @Steinernomics @JKash000 You’re citing a 237-y/o relic to support your understanding of modern macroeconomics. 🤦‍♂️ When the US first created our currency, how did it get dollars from “taxpayers” when they didn’t have any yet? Currency is spent into existence *first*. Taxes then remove some from existence.

[Tim Abell @timabell]

@FredTheLobster Citing an almost 240-year-old document to support your understanding of modern macroeconomic operations… 🤦‍♂️

[Tim Abell @timabell]

@BlogPickled @Steinernomics That mentality is the equivalent of saying, “Modern medicine could have saved my grandfather from the cancer that killed him, but because it wasn’t available to him, it’s *unfair* for anyone else to benefit from it.” That’s how idiotic opposing student debt cancellation sounds.

[Tim Abell @timabell]

@TC_Hughes @richarddeitsch @JasonLaCanfora Well, we needed someone to fill in for Bautista this year.

[Tim Abell @timabell]

@STLSparty @richarddeitsch So is the Angelos family. Can’t do any worse. 🙂

[Richard Deitsch @richarddeitsch]

As someone who lives in an A.L. East city:

The Orioles are going to be major problem for every team in that division for years to come. That farm system combined with owners who spend?

Dear Lord.

[Tim Abell @timabell]

@bradynewps @Capitals Yep. Players love this guy. I just hope the fickle fans don’t turn on him when we hit a rough patch; many were already calling for his head after the first 5 games of the season. It takes time. I love this guy.

[Baltimore Orioles @Orioles]

This is just the start.

[Tim Abell @timabell]

@Ianvincentscott @FredTheLobster OK. 😏 These folks are in the UK and address macroeconomic reality and operations from that perspective. Might want to try listening to their first few episodes so that you aren’t so misinformed. https://t.co/kAMzE6LpKq