Minivan Man Tim

I drive a minivan, and am interested in learning/sharing about #MMT. Not because economics is fun, but because the world is f***ed and we CAN do better.

[Minivan Man Tim @youmans_tim]

When over 50% of US bankruptcies are related to medical bills, and when a young man dies because his go fund me to purchase insulin fell 50$ short, it's time to change the question from "how are we going to pay for It" to "how can we afford not to". #Medicare4All #LearnMMT

[Minivan Man Tim @youmans_tim]

Fitting that I finally got to watch this film after completing my shift at the Bureau of Engraving and Printing where I was..well, printing money. Amazing film, and everyone who hasn't watched this, NEEDS to do so immediately.

[FINDING THE MONEY Film @FindingMoneyDoc]

Sorry website was crashing from demand, but should be up now!
Also can rent/buy NOW on:
Apple: https://t.co/RmT61yFQZR
GooglePlay: https://t.co/pncMB95t8s
Xbox: https://t.co/xhbo5s4z1t
Vudu/Fandango: https://t.co/cvNQXEpV6a

[Minivan Man Tim @youmans_tim]

Real resource constraints..

[Minivan Man Tim @youmans_tim]

So we declare "victory" once people start making less money and losing their jobs? Gotcha..

[Jason Furman @jasonfurman]

Here are all the measures discussed above. Would be great to see two more months of good data like the last several months. Outside of these data the labor market still looks tight and nominal wage growth high. So no victory yet, but getting a lot closer.

[Minivan Man Tim @youmans_tim]

@wbmosler When people ask what's "new" from MMT, by now shouldn't the answer be "nothing" anyway? Haven't you been at this for over 3 decades now without being proven wrong?

[Minivan Man Tim @youmans_tim]

Why are so many people still frightened by the word "debt"? I thought by now more people would know better..

ALL money is debt!

If you're afraid of the word "debt", you're afraid of the word "money"

It's as silly as being afraid of the word puppies..or tacos..

Don't be silly!

[Minivan Man Tim @youmans_tim]

@Victorshi2020 A deficit is the difference in what the govt spent and what it taxed over the course of a fiscal year. You can't "reduce the deficit", it's a measurement. A surplus means the govt taxed more than it spent over the course of a fiscal year. This is not something to be celebrated..

[Minivan Man Tim @youmans_tim]

If it rains a lot, you obviously water your grass less often

If you're balding, you obviously get fewer haircuts

If our day to day lives are made easier because of technology, we obviously work more, raise the retirement age, or make the idea of retirement outright laughable

[Minivan Man Tim @youmans_tim]

If you want it to rain, just go outside in your underwear and sing 'Sweet Caroline'. If it doesn't work right away, just try again but sing it LOUDER! Eventually, it WILL work. Trust me.

Also, if you want to bring down inflation, raise interest rates. If it doesn't work...

[Minivan Man Tim @youmans_tim]

Forget for a sec who has it "right", but the fact that the argument even exists that raising rates actually adds to inflation more than it relieves it should be enough - at the VERY least - to tell us with 100% certainty that interest rates are a s#!++y inflation management tool.

[Minivan Man Tim @youmans_tim]

So inflation is decelerating while unemployment is lower than it has been in 5 decades? But..HOW? It's almost like the two things have nothing to do with each other, but that obviously can't be the case..right? RIGHT?!

[Minivan Man Tim @youmans_tim]

@rileybreck There aren't many ways to drag this old(ish) man out for a show these days. This is one of them. Well done, see you guys in Baltimore.

[Minivan Man Tim @youmans_tim]

Breakfast. Something we eat to break our fast. Breakfast. So why do we pronounce it "Breckfist"?

[Minivan Man Tim @youmans_tim]

I've noticed people using out of date slang words for "cool" to describe a shrinking unemployment rate..

"Hot" jobs report..

"Tight" labor market..

What would we call it if there was a guaranteed job for EVERYONE who wanted one? Dope? Wicked? Gnarly? On fleek? Lit? Rad? Sweet?

[Minivan Man Tim @youmans_tim]

I need futbal to be over before football starts! Come on Argentina!

[Minivan Man Tim @youmans_tim]

Printing money doesn't "cause inflation". Printing money can never be the "cause" of anything whatsoever. Printing money is simply done as a response to people wanting to hold cash, or to replace old and worn out bank notes. Stop saying "printing money causes inflation". Stop it.

[Minivan Man Tim @youmans_tim]

@TheStalwart The same thing that would happen if you took a quarter and threw it up in the air as high as you could.

[Minivan Man Tim @youmans_tim]

@bugsbunnyanon @TheStalwart You must be new here..

[Minivan Man Tim @youmans_tim]

And going with the zero effort route of simply not consuming a product you don't like can oftentimes make you look a lot less like a racist douche bag..

[Minivan Man Tim @youmans_tim]

If you don't like the casting decisions of a TV show, you could always simply choose to not watch it instead of spending hours arguing with strangers on the internet about why they should share your opinion.

[Minivan Man Tim @youmans_tim]

"It's not like teachers get into teaching for the money"

Yeah, they probably get into teaching to be glorified babysitters with Masters degrees who get treated like $#!+ by parents and school systems and have their performances judged by out of date ridiculous standardized tests