@katiecannon.bsky.social
Our government creates our legal unit of account, the 💵 It creates our currency when Congress votes to pay for a bank bailout or to pay for our healthcare. Or whatever. Government chartered & backed banks create loans.
Me too.
Ditto @moneyontheleft.bsky.social
Congress can pass a new VRA...tomorrow.
It can abolish IEEPA/Section 232 & end Trump's tariff power...tomorrow.
It can eliminate SCOTUS clerk funding, add seats, make justices ride the circuit, & end the shadow docket...tomorrow.
It can end DOGE & restore all the jobs/funding...tomorrow.
Etc.
Numbers are hard
04.08.2025 01:57 — 👍 0 🔁 0 💬 0 📌 0
Legal scholar on financial institutions and corporate law, Katerina Pistor on her book “The Code of Capital: How Law Creates Wealth and Inequality”:
youtu.be/yqTLfJS2yiE?...
Legal scholar on financial institutions and corporate law, Katerina Pistor on her book “The Code of Capital: How Law Creates Wealth and Inequality”:
youtu.be/yqTLfJS2yiE?...
Wow! Thats amazing
04.08.2025 01:53 — 👍 1 🔁 0 💬 0 📌 0
CNBC Lora Kolodny article: Tesla must pay portion of $329 million in damages after fatal Autopilot crash, jury says Key Points A jury in Florida determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash. The company must pay a portion of $329 million in damages to victims and a survivor, including compensatory and punitive damages. Tesla had argued that the driver’s behavior was to blame for the fatal crash, while plaintiffs claimed Tesla’s Autopilot technology was flawed and deceptively marketed.
Elon tweet: "Teslas can drive themselves!"
Two days ago: Tesla has to pay hundreds of millions of dollars for deceptively marketing Autopilot in a way that falsely made people think it could drive the car by itself.
Today: Elon Musk "Teslas can drive themselves!"
The Biden administration had wire and securities fraud charges in motion against Musk for doing this.
Elon Musk bought the election for Donald Trump because doing this, lying about the current and future capabilities of the vehicles he sells, is the foundation of his entire fortune.
The Fascists always print the currency to create full employment for their followers
FDR created a public works program
Today’s Democrats kinda suck
NY Fed Chair after FDR removed us from the gold standard for domestic settlements wrote a paper called “Taxes for Revenue are Obsolete”:
04.08.2025 01:09 — 👍 1 🔁 1 💬 0 📌 0
NY Fed Chair after FDR removed us from the gold standard for domestic settlements wrote a paper called “Taxes for Revenue are Obsolete”:
04.08.2025 01:09 — 👍 1 🔁 1 💬 0 📌 0He does, however, understand that our government just prints dollars & doesn’t rely on taxes in order to print dollars
Something small d democrats need to understand some day
It’s a major jobs creation program for Trump followers
Fascism takes Big, Big, Government and tons of money printing
I’m quite certain he lacks the ability to think logically
04.08.2025 00:59 — 👍 1 🔁 0 💬 0 📌 0We should zone in on this
Obviously he doesn’t understand numbers
Exactly
I just made the same point: We allow ourselves to get into arguments with him rather than concentrate on the absolutely absurd shit he says
We should concentrate on his claim that he’s magically lowered drug prices by 1,500%
Why do we keep getting into arguments with the man rather than showing all of the impossibly stupid lies he says?
But he’s lowered drug prices by 1,500 percent
04.08.2025 00:53 — 👍 5 🔁 0 💬 0 📌 0By 1,500 percent
lol
You’re very welcome. I love Odd Lots most of the time
@moneyontheleft.bsky.social is probably my favorite economics related podcast
It’s important because it’s done a lot of work on different ways states, cities & communities can create public money while Trump is imposing austerity
Good listen if you like podcasts
www.youtube.com/watch?v=UaY-...
That sounds way better honestly
04.08.2025 00:15 — 👍 1 🔁 0 💬 0 📌 0Biden admin should have done targeted price controls
@isabellamweber.bsky.social is good on this
Exactly, according to the guys who ran the price controls, every time they’d pull back two things happened: Prices went up & there was public outcry to reinstate them.
I’ve tried trying stuff on just how much public support there was for them, but haven’t been able to
Same her novel “Beloved”
Same with Zora Neal Hurston’s books
Plus other important Black female authors
Surprise, surprise
It’s on DeSantis’s banned books list
03.08.2025 23:47 — 👍 10 🔁 1 💬 1 📌 0True.
Prevents a small number of people from using our national currency to buy up already existing assets, causing asset price inflation
My normie house just has a sign saying that I’m in my house.
03.08.2025 23:36 — 👍 3 🔁 0 💬 0 📌 0That little thing that wasn’t worthy of impeachment the first go around?
03.08.2025 23:26 — 👍 1 🔁 0 💬 1 📌 0There has never been a better time to draft language for an amendment to the Constitution for the complete public funding of campaigns, with the campaign premised on the promise that no one will ever be asked to donate another penny to a politician ever again
03.08.2025 22:52 — 👍 423 🔁 108 💬 6 📌 6
