Show newer

RT @TheStalwart@twitter.com

"In shooting down the trillion-dollar-coin, Yellen sidestepped whether she would be personally opposed to it..." twitter.com/ddayen/status/1617

🐦🔗: twitter.com/TheStalwart/status

Hell yeah

RT @HoffProf@twitter.com

🚨NEW PAPER🚨

Do you hate what form contracts do to consumers and employees?

I have an idea for you.

It's the n̵u̵t̵t̵i̵e̵s̵t̵ most YOLO thing I've written in 20 years:

𝘋𝘦𝘧𝘦𝘢𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘌𝘮𝘱𝘪𝘳𝘦 𝘰𝘧 𝘍𝘰𝘳𝘮𝘴

Link: papers.ssrn.com/sol3/papers.cf

And a🧵

🐦🔗: twitter.com/HoffProf/status/16

RT @ddayen@twitter.com

The WH strategy is to not negotiate on the debt limit, to pressure Republicans. So of course Janet Yellen's going to dismiss alternative options. But as she has said in prior Fed transcripts, "I wouldn’t be eager to do them, but I wouldn’t say ‘never.’"
prospect.org/power/01-23-2023-

🐦🔗: twitter.com/ddayen/status/1617

RT @TheAtlantic@twitter.com

"The reality is that this is a self-imposed problem, because we have a fetish for complexity and so-called financial nuance." @rohangrey@twitter.com discusses the debt ceiling with @AnnieLowrey@twitter.com: on.theatln.tc/1g6HLPG

🐦🔗: twitter.com/TheAtlantic/status

🚨🚨🚨

RT @MintTheCoin@twitter.com

Thanks to everyone who came to our seminar on !

Video and transcript (work-in-progress) are up here:

mintthecoin.org/seminar/

🐦🔗: twitter.com/MintTheCoin/status

just astounding to me that an article can claim the moral high ground of seriousness while citing Maya MacGuineas as though she is anything other than the literal human embodiment of astroturf'd cynical hackery.

Show thread

if there is any magazine so convinced of its own serious it manages to completely lose sight of reality it's the economist. luckily most serious readers dismissed the magazine as a gimmick years ago.

Show thread

RT @JimPethokoukis@twitter.com

"One, possibly satirical, suggestion ... the movement, as it is known on social media, has gathered support from some lawmakers on the left wing of the Democratic Party. More serious thinkers, including Yellen, have dismissed it as a gimmick." economist.com/united-states/20

🐦🔗: twitter.com/JimPethokoukis/sta

Heads this goes away entirely, tails we unconstitutionally default

Yeah sounds like a real headscratcher

Show thread

"problem of significance"

RT @igorbobic@twitter.com

Romney on idea of minting a trillion dollar coin to raise debt limit: “I don’t think there’s a flip of a coin to solve a problem of significance like this. This is our country we’re talking about.”

🐦🔗: twitter.com/igorbobic/status/1

RT @DeficitOwl24601@twitter.com

@haajmen@twitter.com @rohangrey@twitter.com @GeorgeSelgin@twitter.com George's position is literally that the court should reject the pain meaning of 31 USC 5301 and make new law to declare, without reference to any statute, that there are two types of legal tender, one of which lacks one of the core attributes of legal tender.

🐦🔗: twitter.com/DeficitOwl24601/st

RT @briangallini@twitter.com

Energizing start to the day watching @WillametteLaw@twitter.com Prof. @rohangrey@twitter.com kick off the public seminar to a packed in-person classroom and several hundred joining by zoom. Impressed by his work and feeling fortunate to have his contributions to our community.

🐦🔗: twitter.com/briangallini/statu

RT @DeficitOwl24601@twitter.com

@haajmen@twitter.com @rohangrey@twitter.com @GeorgeSelgin@twitter.com Neither has any discretion. The face value of the coin determines the value of the deposit because "coin dollars" and "FRN dollars" are legally defined to have the same value. See Crummey v. Klein Indep. Sch. Dist., 295 Fed Appx 625 (2008) and Thompson v. Butler, 95 US 694 (1887)

🐦🔗: twitter.com/DeficitOwl24601/st

RT @DeficitOwl24601@twitter.com

@GeorgeSelgin@twitter.com @rohangrey@twitter.com Sure, but to get back to the actual point, which statute, regulation, or court case do you think overturned Baker v. Ward and stands for the proposition that legal tender does not require acceptance at a minimum of face value?

🐦🔗: twitter.com/DeficitOwl24601/st

RT @mrbrnn@twitter.com

I’m watching the essential conversation btwn @PhilipNDiehl@twitter.com @rohangrey@twitter.com @TheStalwart@twitter.com and @StephanieKelton@twitter.com on

Biden and Yellen *choosing* default is unconstitutional, they are *obligated* by the 14th Amendment to uphold the US debt — the $1T coin is a clean way out

🐦🔗: twitter.com/mrbrnn/status/1617

RT @profplum99@twitter.com

@rohangrey@twitter.com spitting fire on the Mint the Coin presentation willametteuniversity.zoom.us/j

He's correct that default is the extremist position. We watched Russia's experimentation with this choice in 1998. Don't be an idiot.

🐦🔗: twitter.com/profplum99/status/

🚨🚨🚨

Zoom link for the seminar beginning in <10m is here:

willametteuniversity.zoom.us/j

Ft. @PhilipNDiehl@twitter.com, @StephanieKelton@twitter.com, @TheStalwart@twitter.com, @ProfKateJudge@twitter.com, and myself.

Organized by LPE at @WillametteLaw@twitter.com, @ClsLpe@twitter.com, @themmtnetwork@twitter.com & @thepublicmoney@twitter.com

Hope to see you there!

Those who can't make it in person can tune in at the zoom link included below.

RT @MintTheCoin@twitter.com

Starting in a little under 20 minutes! twitter.com/MintTheCoin/status

🐦🔗: twitter.com/MintTheCoin/status

RT @DeficitOwl24601@twitter.com

@GeorgeSelgin@twitter.com @rohangrey@twitter.com Someone probably has tried to argue that quarters are only worth six cents, but cases with zero merit often get dismissed in district court without an opinion being recorded.

🐦🔗: twitter.com/DeficitOwl24601/st

RT @gladkiwi@twitter.com

Once the public realizes it's gimmicks all the way down, can we get back to focusing on designing good public policy? twitter.com/rohangrey/status/1

🐦🔗: twitter.com/gladkiwi/status/16

Show older
TheGreyElephant

Rohan Grey's personal Mastodon server. Mastodon is like Twitter, but federated, so anyone can host a server. Reach out if you want help setting up your own.