Taxes Don’t Fund Federal Spending
Our federal government doesn’t need revenue. So why the chatter about how will the government get money to fund its operations?
Twitter Thread
The Illusion of Upward Mobility
There is no real entrée into the world of the elite, but you won’t know it until you arrive, exhausted, at the locked door, chased by all the angry working people who think you’ve found the key.
Fed Chairman Powell Wants Higher Unemployment to Stop Inflation
Twitter Thread: Consumer Price Index is 9.1%. year over year. The Fed’s solution is to raise interest rates, killing the economy to bring down. A thread about establishment logic. #CPI 9.1% Fed Chair Powell wants to raise unemployment and lower wages to fight inflation. Recession risk is a lower priority. https://www.marketplace.org/2022/05/12/fed-chair-jerome-powell-controlling-inflation-will-include-some-pain/ But, many sectors of the economy …
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Lament of the Losing Class
We forget the burdens of the middle class because they look like they’re doing alright. But many are living one missed payment away from utter ruin, desperate to save their kids from the same.
Let’s Play the Pay For Game
Admit that taxes don’t “pay for” anything and that all government spending is paid for in one way and one way only—the Federal Reserve credits the appropriate bank accounts.
Keeping Score
I promise to stop when the battle is won. Until then, here’s another attempt to improve understanding and shift our broken thinking about government “deficits.”