$40tr of debt in your own f**king currency is not debt in any meaningful sense.
It's like a husband giving his wife a loan when they have a joint bank account.
Learn MMT and stop being fooled about what a decent gvt can do in the richest country in the world.
#MMT #DeficitMyth @wbmosler.bsky.social
It's like a husband giving his wife a loan when they have a joint bank account.
Learn MMT and stop being fooled about what a decent gvt can do in the richest country in the world.
#MMT #DeficitMyth @wbmosler.bsky.social
Another interesting fact about Africa, western media always portrays the continent in a negative way. The continent is $2 trillion in debt, and it is always labelled a debt crisis. The US is $40 trillion in debt and it’s never labelled a crisis. Funny that…
September 6, 2026 at 9:43 PM
$40tr of debt in your own f**king currency is not debt in any meaningful sense.
It's like a husband giving his wife a loan when they have a joint bank account.
Learn MMT and stop being fooled about what a decent gvt can do in the richest country in the world.
#MMT #DeficitMyth @wbmosler.bsky.social
It's like a husband giving his wife a loan when they have a joint bank account.
Learn MMT and stop being fooled about what a decent gvt can do in the richest country in the world.
#MMT #DeficitMyth @wbmosler.bsky.social
Totally disagree with your FT newsletter today
By 2011 the NHS was voted the most efficient health system in the world
We got the most bangs for bucks
Taxes don't fund public expenditure
Gvt's only constraint is real resources
Stop promoting the #DeficitMyth like Martin Wolf etc al at FT
By 2011 the NHS was voted the most efficient health system in the world
We got the most bangs for bucks
Taxes don't fund public expenditure
Gvt's only constraint is real resources
Stop promoting the #DeficitMyth like Martin Wolf etc al at FT
Very good and reasonable thread. To be very clear, I don't think that the UK becoming more French in how it pays for healthcare will *reduce* overall costs. (Quite the reverse, actually.)
Always enjoy reading @stephenkb.bsky.social’s well-reasoned work in the FT. www.ft.com/content/27f6...
I’m more sceptical than he is that shifting to more co-payment for UK/NHS healthcare will make it more responsive or sustainable.
I’m more sceptical than he is that shifting to more co-payment for UK/NHS healthcare will make it more responsive or sustainable.
August 26, 2026 at 11:58 AM
Totally disagree with your FT newsletter today
By 2011 the NHS was voted the most efficient health system in the world
We got the most bangs for bucks
Taxes don't fund public expenditure
Gvt's only constraint is real resources
Stop promoting the #DeficitMyth like Martin Wolf etc al at FT
By 2011 the NHS was voted the most efficient health system in the world
We got the most bangs for bucks
Taxes don't fund public expenditure
Gvt's only constraint is real resources
Stop promoting the #DeficitMyth like Martin Wolf etc al at FT
That's government 'debt' in the currency of which the gvt is the monopoly supplier (debt-free new $$, unlike private bank money/loans)
It's like a husband giving his wife a loan when they have a joint bank acct
Learn MMT and stop being fooled abt what a decent gvt can do
#DeficitMyth
It's like a husband giving his wife a loan when they have a joint bank acct
Learn MMT and stop being fooled abt what a decent gvt can do
#DeficitMyth
JUST IN: The total US debt has officially hit $40 TRILLION for the first time IN HISTORY
August 19, 2026 at 9:42 PM
That's government 'debt' in the currency of which the gvt is the monopoly supplier (debt-free new $$, unlike private bank money/loans)
It's like a husband giving his wife a loan when they have a joint bank acct
Learn MMT and stop being fooled abt what a decent gvt can do
#DeficitMyth
It's like a husband giving his wife a loan when they have a joint bank acct
Learn MMT and stop being fooled abt what a decent gvt can do
#DeficitMyth
Great podcast but you need to understand better the economics. It isn't just US gvt that has monetary power bc US$ is reserve currency
Monetary sovereign gvts create money by spending, can't go involuntarily bankrupt
Learn MMT #DeficitMyth
Monetary sovereign gvts create money by spending, can't go involuntarily bankrupt
Learn MMT #DeficitMyth
Trump is now praising a new Middle East defense alliance formed as countries move away from U.S. security guarantees.
The reason behind his sudden embrace tells you everything.
The reason behind his sudden embrace tells you everything.
Trump Gets Frozen Out as New Global Alliances Form
Podcast Episode · The MeidasTouch Podcast · August 17 · 21m
podcasts.apple.com
August 18, 2026 at 4:36 PM
Great podcast but you need to understand better the economics. It isn't just US gvt that has monetary power bc US$ is reserve currency
Monetary sovereign gvts create money by spending, can't go involuntarily bankrupt
Learn MMT #DeficitMyth
Monetary sovereign gvts create money by spending, can't go involuntarily bankrupt
Learn MMT #DeficitMyth
Deeply frustrating Rs and most Ds do not understand basic monetary operations. @stephaniekelton.bsky.social #MMT #DeficitMyth
December 19, 2024 at 6:39 PM
Deeply frustrating Rs and most Ds do not understand basic monetary operations. @stephaniekelton.bsky.social #MMT #DeficitMyth
Trillion dollar coin -- a way to counter threats by congressional Republicans refusing to raise the debt limit. Paul Krugman said, "Minting the coin would be economically harmless – and would head off government by blackmail."
en.wikipedia.org/wiki/Trillio...
#DeficitMyth #MMT #MintTheCoin
en.wikipedia.org/wiki/Trillio...
#DeficitMyth #MMT #MintTheCoin
Trillion-dollar coin - Wikipedia
en.wikipedia.org
February 8, 2025 at 12:21 AM
Trillion dollar coin -- a way to counter threats by congressional Republicans refusing to raise the debt limit. Paul Krugman said, "Minting the coin would be economically harmless – and would head off government by blackmail."
en.wikipedia.org/wiki/Trillio...
#DeficitMyth #MMT #MintTheCoin
en.wikipedia.org/wiki/Trillio...
#DeficitMyth #MMT #MintTheCoin
I'm afraid you're under a delusion. Taxes don't fund Federal expenditure.
Learn Modern Monetary Theory and stop being fooled about what a decent government can do.
#DeficitMyth
Learn Modern Monetary Theory and stop being fooled about what a decent government can do.
#DeficitMyth
July 16, 2026 at 12:04 AM
I'm afraid you're under a delusion. Taxes don't fund Federal expenditure.
Learn Modern Monetary Theory and stop being fooled about what a decent government can do.
#DeficitMyth
Learn Modern Monetary Theory and stop being fooled about what a decent government can do.
#DeficitMyth
The Deficit is the savings of the private sector
A budget surplus means less for you and me
The creator of US$$ (the Fed) can't run out of US$$
Learn MMT and stop being fooled about what a decent gvt can do
#DeficitMyth @stephaniekelton.bsky.social @wbmosler.bsky.social
A budget surplus means less for you and me
The creator of US$$ (the Fed) can't run out of US$$
Learn MMT and stop being fooled about what a decent gvt can do
#DeficitMyth @stephaniekelton.bsky.social @wbmosler.bsky.social
Most car accidents aren't "accidents."
They're caused by morons doing moronic things.
Just like our current gas prices, inflation, national debt.
They're caused by morons doing moronic things.
Just like our current gas prices, inflation, national debt.
May 8, 2026 at 7:06 PM
The Deficit is the savings of the private sector
A budget surplus means less for you and me
The creator of US$$ (the Fed) can't run out of US$$
Learn MMT and stop being fooled about what a decent gvt can do
#DeficitMyth @stephaniekelton.bsky.social @wbmosler.bsky.social
A budget surplus means less for you and me
The creator of US$$ (the Fed) can't run out of US$$
Learn MMT and stop being fooled about what a decent gvt can do
#DeficitMyth @stephaniekelton.bsky.social @wbmosler.bsky.social
Taxes don't fund public expenditure. Learn MMT and stop being fooled about what a decent government can do #DeficitMyth @stephaniekelton.bsky.social
April 24, 2026 at 2:52 PM
Taxes don't fund public expenditure. Learn MMT and stop being fooled about what a decent government can do #DeficitMyth @stephaniekelton.bsky.social
Taxpayer dollars is inaccurate, and fuels the narrative in favor of AUSTERITY. It is the phrase people who want to cut benefits to the people while lowering taxes for the rich use.
Preferable to use The People's Money.
#MMT #DeficitMyth @stephaniekelton.bsky.social
Preferable to use The People's Money.
#MMT #DeficitMyth @stephaniekelton.bsky.social
February 12, 2025 at 4:03 AM
Taxpayer dollars is inaccurate, and fuels the narrative in favor of AUSTERITY. It is the phrase people who want to cut benefits to the people while lowering taxes for the rich use.
Preferable to use The People's Money.
#MMT #DeficitMyth @stephaniekelton.bsky.social
Preferable to use The People's Money.
#MMT #DeficitMyth @stephaniekelton.bsky.social
Stop using "taxpayer dollars" it is a fiction used to create public will for cutting things people want.
Use "the People's money"
C.f #DeficitMyth @stephaniekelton.bsky.social #MMT
Use "the People's money"
C.f #DeficitMyth @stephaniekelton.bsky.social #MMT
February 10, 2025 at 4:35 PM
Stop using "taxpayer dollars" it is a fiction used to create public will for cutting things people want.
Use "the People's money"
C.f #DeficitMyth @stephaniekelton.bsky.social #MMT
Use "the People's money"
C.f #DeficitMyth @stephaniekelton.bsky.social #MMT
Once you start with the Taxes Pay For argument,
you end up with austerity.
#MMT #ThePeoplesMoney #DeficitMyth
you end up with austerity.
#MMT #ThePeoplesMoney #DeficitMyth
January 12, 2025 at 6:29 PM
Once you start with the Taxes Pay For argument,
you end up with austerity.
#MMT #ThePeoplesMoney #DeficitMyth
you end up with austerity.
#MMT #ThePeoplesMoney #DeficitMyth
At a Federal level the taxes do not "pay for" the benefits. At the state level they do. #MMT #DeficitMyth
November 26, 2024 at 2:04 PM
At a Federal level the taxes do not "pay for" the benefits. At the state level they do. #MMT #DeficitMyth
August 17, 2024 at 11:07 PM
Austerity arguments are made, consciously in bad faith, by elites wanting to keep the weak and poor weak and poor.
Elites want to vacuum the people's money into their pockets, not to spend it on the poor
#UBI #MMT #DeficitMyth
Elites want to vacuum the people's money into their pockets, not to spend it on the poor
#UBI #MMT #DeficitMyth
December 3, 2023 at 3:41 PM
Austerity arguments are made, consciously in bad faith, by elites wanting to keep the weak and poor weak and poor.
Elites want to vacuum the people's money into their pockets, not to spend it on the poor
#UBI #MMT #DeficitMyth
Elites want to vacuum the people's money into their pockets, not to spend it on the poor
#UBI #MMT #DeficitMyth
(3/5) This has been the operational reality since the dollar floated in 1983 🗓️.
The real limit on what we can achieve isn't money—it's our available people, skills, and materials.
The question isn't "How do we pay for it?" but "Do we have the real resources to do it?" 🤔
#DeficitMyth
The real limit on what we can achieve isn't money—it's our available people, skills, and materials.
The question isn't "How do we pay for it?" but "Do we have the real resources to do it?" 🤔
#DeficitMyth
October 31, 2025 at 3:40 AM
(3/5) This has been the operational reality since the dollar floated in 1983 🗓️.
The real limit on what we can achieve isn't money—it's our available people, skills, and materials.
The question isn't "How do we pay for it?" but "Do we have the real resources to do it?" 🤔
#DeficitMyth
The real limit on what we can achieve isn't money—it's our available people, skills, and materials.
The question isn't "How do we pay for it?" but "Do we have the real resources to do it?" 🤔
#DeficitMyth
The sooner we stop this surplus/deficit obsession and focus on the use of real resources on a finite planet, impact on people, society and the environment the better.
#whatmatters #deficitmyth #MMT
#whatmatters #deficitmyth #MMT
August 24, 2025 at 12:29 AM
The sooner we stop this surplus/deficit obsession and focus on the use of real resources on a finite planet, impact on people, society and the environment the better.
#whatmatters #deficitmyth #MMT
#whatmatters #deficitmyth #MMT
An understanding of fiat currency and deficits would help them immensely. #MMT #deficitmyth
‘A welfare state with a budget on the right side of zero’: Iceland’s youngest-ever prime minister has a plan for a new kind of governance
‘A welfare state with a budget on the right side of zero’: Iceland’s youngest-ever prime minister has a plan for a new kind of governance
Kristrún Frostadóttir, who entered politics just four years ago, speaks to the Observer about feminism, the far right and reopening talks on joining the EU
Nearly 45 years ago, Iceland made history by producing the world’s first elected female president…
www.theguardian.com
January 12, 2025 at 10:19 AM
An understanding of fiat currency and deficits would help them immensely. #MMT #deficitmyth
Be ready! When we finally wrest the tyrant out of the White House we can start funding what we need Don’t believe the #deficit myth #deficitmyth #mmt #peopleseconomy.
February 26, 2025 at 2:24 AM
Be ready! When we finally wrest the tyrant out of the White House we can start funding what we need Don’t believe the #deficit myth #deficitmyth #mmt #peopleseconomy.
"Stephanie Kelton, the author of ‘The Deficit Myth’ tells us, that governments should not aim to balance the books; rather it should aim to balance the economy."
Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/29hhtu96
#Economics #StephanieKelton #DeficitMyth
Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/29hhtu96
#Economics #StephanieKelton #DeficitMyth
Modern Monetary Theory (MMT) in 67 Bullet Points
This is a working document. Although I am publishing it now, I intend to continue editing and adding to each of these bullet points over time.
tinyurl.com
February 14, 2025 at 9:46 AM
"Stephanie Kelton, the author of ‘The Deficit Myth’ tells us, that governments should not aim to balance the books; rather it should aim to balance the economy."
Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/29hhtu96
#Economics #StephanieKelton #DeficitMyth
Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/29hhtu96
#Economics #StephanieKelton #DeficitMyth
Spread the word.
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
“anything we can actually do, we can afford”
stamp this on the head of anyone who asks how we can afford universal health care or universal child care or public pensions or free college
stamp this on the head of anyone who asks how we can afford universal health care or universal child care or public pensions or free college
Posting this extract from a lecture by John Maynard Keynes, speaking on the BBC in the middle of the Second World War, to every Labour cabinet minister
April 8, 2025 at 2:26 PM
Spread the word.
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
“Anything we can actually do, we can afford.”
— John Maynard Keynes
#MMT #UniversalJobGuarantee #DeficitMyth #FiatCurrencyIsaKeystroke #FiatCurrencyIsAnAccountingLedgerItem
It's more than that... read the book "Invisible Doctrine," by @georgemonbiot.bsky.social this is a chance for Democrats to save humanity and the planet by ending the lie of neoliberalism start telling the truth that taxes don't fund fed spending! #DeficitMyth! @stephaniekelton.bsky.social
April 12, 2025 at 12:02 PM
It's more than that... read the book "Invisible Doctrine," by @georgemonbiot.bsky.social this is a chance for Democrats to save humanity and the planet by ending the lie of neoliberalism start telling the truth that taxes don't fund fed spending! #DeficitMyth! @stephaniekelton.bsky.social