Pavlina R Tcherneva @ptcherneva1
Repeat after me:
Government Deficit = Non-government Surplus
Government Debt = Non-government Assets
The US has monetary sovereignty
2016 urr. 19
@ptcherneva it will go over people’s heads
Pavlina R Tcherneva @ptcherneva
if it helps: “An antidote to deficit phobia” http://www.pavlina-tcherneva.net/modern-monetary-theory … @iscandiddy
@ptcherneva very useful, thank you
Cronkite Kryptonite @teeny_hands90
@ptcherneva So seemingly simple, but many still can’t comprehend it.
Pavlina R Tcherneva @ptcherneva
@teeny_hands90 sadly but #NeverGiveUpNeverSurrender
Cronkite Kryptonite @teeny_hands90
@ptcherneva i think it’s slowly starting to catch on. It took me years to fully understand how everything I knew about econ was wrong.
@ptcherneva @cedricwermuth how stupid. Would mean infinite gov debt is unlimited wealth. Haha.
.@PeterGarstig here’s some after-class work for you. @ptcherneva @cedricwermuth
Peter Garstig @PeterGarstig u
@netbacker @cedricwermuth @ptcherneva you have the complete history of gov. defaults and hyper infl. against you. reality beats any theory.
@PeterGarstig in the last 240+ years of US’s history, has the US defaulted or had hyper inflation? @cedricwermuth @ptcherneva
@PeterGarstig There’s a reason why US is the largest economy in the 
& why everyone wants to accumulate US 
@cedricwermuth @ptcherneva
@PeterGarstig except for we Americans, everyone else trusts the US For Americans it’s always a debt crisis. @cedricwermuth @ptcherneva
@PeterGarstig The real problem facing Americans is the private sector debt (blue), that no one is talking about. @cedricwermuth @ptcherneva
.@PeterGarstig 2008 financial crisis happened not because of excessive federal debt, but excessive private debt! @cedricwermuth @ptcherneva
Richard H Caldwell @CaldwellUno
@ptcherneva one of my favorite teachers says “I’m only going to tell you this a thousand times”. Keep telling us, please…
@ptcherneva Yes, paying gov debt interest to wealthiest families & most powerful corporations is great use of public money. More debt please!
