Rohan Grey @rohangrey Twitter profile

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Rohan Grey

@rohangrey

9 months

ECash Now

The ECASH Act

@ecashact

2 years

A thread on media coverage of the #ECASHAct introduced today by @RepLynch , @RepChuyGarcia , @RepPressley , & @RepRashida , which directs the Treasury to issue a privacy-respecting, hardware-secured form of a digital dollar. Official website here:

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Last Seen Profiles

@RashidHasnon

@babsogrady

@plotactcolor

@Sam_Azin

@malandramentee9

@rexcat0000012

@Benasetlol

@sara_nn1224

@djadayo

@SaraSciammacco

@secondzeit

@charlie_w1997

@windfalltoken

@Cryptic_Canid

@TyroneBroden

@Parody_RCGP

@hannagee1

@wataame30963078

@Hojlund_11SZN

@KOSMHOE

@IPL

@stw_pdg

@FichLeaa

@natpoetrylib

@BeyondSports_PC

@anedmioto

@norareinachula

@VanessaDylyn

@cxb_yuki

@Boukadaaa

@STARBENDERS

@Sara_Wa1134

@ArsensNation

@ShirBenAri1

@DBVN72

@luvphusang

Rohan Grey

@rohangrey

4 years

Incredibly honored & humbled to have worked with @RepRashida 's office to develop this proposal to #MintTheCoin and use it to provide universal (and yes, we mean universal) emergency relief pre-paid US debit cards to every person in America.

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Rohan Grey

@rohangrey

7 months

Not a single dollar in taxes needs to be collected to forgive student debt. Complete trash.

Rep. Mike Kelly

@MikeKellyPA

7 months

No student loan is forgiven. The debt is just transferred onto the backs of the American taxpayers.

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Rohan Grey

@rohangrey

25 days

@coloradotravis "...a restaurant where *you* make the Pizza!"

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Rohan Grey

@rohangrey

1 year

Making payments anonymously is not inherently criminal. Too many progressives, in their zealousness against truly bad actors, are letting the surveillance state into their minds and their politics. It's really bad. Private greed and bureaucratic surveillance are twin enemies.

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Rohan Grey

@rohangrey

7 months

The slow burn destruction of Obama's ostensible legacy as a progressive guy trying his hardest but repeatedly thwarted by impossible political dynamics is a legitimately fun thing to watch in the Biden Admin. Many criticisms remain but it has been so sorely needed

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Rohan Grey

@rohangrey

3 years

I'm biased, but @RashidaTlaib 's #ABCAct was the 1st bill to provide monthly $2k relief to everyone, & imo still the best: 1. Truly universal - $2k for every1 means every1, incl. undocumented ppl & kids. 2. Long-term recovery - $2k checks during crisis, $1k checks for 1yr after

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Rohan Grey

@rohangrey

2 years

Love it when journalists conclude with a heavy heart that other people have to lose their jobs. For the economy.

Carl Quintanilla

@carlquintanilla

2 years

WAPO EDITORIAL BOARD: “.. The Fed gains little by delaying the pain that everyone sees coming at this point. .. The board already made this mistake earlier in the year. It should not stumble again.” ⁦ @PostOpinions ⁩

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Rohan Grey

@rohangrey

1 year

Anyone who thinks the Biden administration/future Dem admins will be able continue to govern stably without eventually having to choose between ignoring the federal courts or completely capitulating to the Trumpists they are deluding themselves.

ⓔⓓⓤ

@barelyamericano

1 year

Invoking the 14th amendment wouldn't undermine the United States' creditworthiness, but forum shopping by McCarthy's legal network and a bad ruling from a Trump-appointed judge sure would.

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Rohan Grey

@rohangrey

4 years

@GeoffRBennett @nytimes Hi @GeoffRBennett , have you looked into @RepRashida 's plan to distribute pre-paid debit cards to everyone, including those without a bank account? It is the only emergency cash relief proposal out there that avoids this problem.

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Rohan Grey

@rohangrey

4 years

Two things that are simultaneously true: 1) The fed govt has unique monetary & financial capacity & should absolutely be supporting state & local govt budgets more 2) State & local govts could absolutely raise more revenue from rich before crying broke & implementing austerity

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Rohan Grey

@rohangrey

5 years

"We Can Pay For a New Deal" Incredibly important piece by @StephanieKelton of @TheSandersInst , @gregorytcarlock of @DataProgress , and @andresintheory , advisor to @Ocasio2018 , building on momentum of @sunrisemvmt and @justicedems

Opinion | We Can Pay For A Green New Deal

Don't let anyone tell you we can't save the planet and the economy at the same time.

www.huffpost.com

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Rohan Grey

@rohangrey

3 years

Leftists really need to stop saying mean things to multimillionaire celebrities and instead start occupying public buildings with assault rifles like normal people

Tim Carney

@TPCarney

3 years

So much of the Left's domination of institutions is this: Make it totally intolerable to be a conservative inside these institutions. Make their jobs perilous and their lives hell. Then watch as they disappear by attrition.

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Rohan Grey

@rohangrey

3 years

You know what's definitely a gimmick? Getting paid $292,500 by a hedge fund to deliver one speech during the brief period between serving as the Chair of the Federal Reserve & Sec of Treasury. Like, who are you kidding, pretending that's what they're actually paying you for?

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Rohan Grey

@rohangrey

3 years

Nice.

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Rohan Grey

@rohangrey

2 years

Its gotta be heartening to everyone who cares about getting rich to know that you can be this stupid and still become a billionaire

Cameron Winklevoss

@cameron

2 years

The Dollar Store is raising prices 25%. The vast majority of goods they sell will be priced at $1.25 starting in 2022. If you use the Dollar Store as a proxy for inflation rather than the Consumer Price Index, inflation is closer to 25% than the widely reported 6%. Ouch.

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Rohan Grey

@rohangrey

4 years

@MalaikaJabali @RossBarkan If I were trying to successfully launch a political revolution I would simply win over my enemies beforehand.

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Rohan Grey

@rohangrey

1 year

Brian Schatz

@brianschatz

1 year

I seriously don’t understand why the first question out of every reporters mouth isn’t “how close are you to a deal” but rather “are you really willing to trash the global economy over this?”

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Rohan Grey

@rohangrey

4 years

"Minting coins..worth $1 trillion each...is what Tsy would do under a bill submitted by... @RashidaTlaib & @IlhanMN . The measure would fund stimulus...without adding to the national debt & triggering a fight about repayment down the road, its backers say."

Pandemic Bills Are So Big That Only Money-Printing Can Pay Them

Forced into record spending by the threat of another Great Depression, policy makers are blurring the lines between borrowing the money they need and simply creating it.Most modern economies have...

www.bloomberg.com

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Rohan Grey

@rohangrey

3 years

A $2000 relief check isn't good, you know what's good? $2000 relief checks monthly, retroactive from February. #ABCAct #MintTheCoin

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Rohan Grey

@rohangrey

1 year

Can Sam build an AI bot to teach him how macro works? This is embarrassing

Sam Altman

@sama

1 year

US debt to GDP ratio over time. very scary chart; no plan to fix it or even much of an acknowledgement we need a plan. will get made worse as the rest of the world finds alternatives to the USD and rates stay non-zero. long-term brewing crisis.

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Rohan Grey

@rohangrey

1 year

how can you be an expert on lung cancer if you've never smoked two packs a day for twenty years?

Justin Slaughter

@JBSDC

1 year

Chair Gensler just testified that he taught multiple courses on crypto but has never owned or used it. How can you teach a course about something you've never owned or used? @MIT

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Rohan Grey

@rohangrey

3 years

I'm thrilled to share the announcement of @RashidaTlaib 's new "Stablecoin Tethering & Bank Licensing Enforcement (STABLE) Act", ( #STABLEAct ) cosponsored by @ChuyForCongress & Chair of the House Financial Services Committee's Fintech Task Force, @RepLynch .

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Rohan Grey

@rohangrey

3 years

The current Tether drama unequivocally proves that the current stablecoin regulatory regime is not good enough. There are two possible explanations for Tether's behavior. One is, as many skeptics (including me) have argued, that Tether is basically a massive fraud and has been

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Rohan Grey

@rohangrey

1 year

Can you imagine what these numbers would look like if Dem leadership had even just not actively shat on it every chance they had?

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Rohan Grey

@rohangrey

2 years

Apparently having the conscience of a liberal means accepting hundreds of thousands of dollars to study inequality only to regretfully conclude that the problem is workers getting paid too much and having too many jobs

Paul Krugman

@paulkrugman

2 years

Seems pretty likely to me that the Fed will be hiking into a significant slowdown. To some extent that's OK — the economy is overheated and needs to cool down. But reason to move gradually 6/

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Rohan Grey

@rohangrey

4 years

A thread on @RashidaTlaib & @AOC ’s new #PublicBanking Act. It was a privilege to help craft this bill with @chastitycmurphy , @claudiapagon , @raulacarrillo , @calpba , @RealBankReform , @TakeOnWallSt , and other great progressive financial reformers. 1/n

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Rohan Grey

@rohangrey

3 years

The Fed Chair and Treasury Secretary both oppose the idea of a privacy-respecting anonymous digital fiat currency. This is very bad and should be vigorously resisted by anyone that cares about resisting the surveillance state.

AFR

@RealBankReform

3 years

@RepBillFoster "I believe that both of you are on the record as acknowledging that an anonymous, untraceable, digital dollar is not a viable option for our country, or the free world... is that principally correct?”

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Rohan Grey

@rohangrey

1 year

1. Mint the Coin 2. Wait for Rs to challenge 3. Assert 14A as defense 4. Go take a nap, have a coffee, walk around the block etc. Plenty of time to litigate while the checks keep going out thanks to that sweet sweet coin money

Will Stancil

@whstancil

1 year

Insane. If the debt ceiling is unconstitutional, it's unconstitutional TODAY, and Biden shouldn't be negotiating. What Biden is saying he'll do instead is, at a later date, go ask Alito and Thomas permission to violate the debt ceiling. He won't get it!

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Rohan Grey

@rohangrey

3 years

The governmemt already has infinity dollars and that the correct way to tax billionaires is at such a high rate they no longer exist rather than whatever maximizes revenue. We don't need Elon's money we need his dumb shit opinions to stop mattering to global policy.

Elon Musk

@elonmusk

3 years

@wapodavenport My plan is to use the money to get humanity to Mars and preserve the light of consciousness

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@rohangrey

3 years

Leaving out undocumented people from the CARES Act relief checks was one of it's biggest moral failures. @RashidaTlaib & @RepJayapal 's #ABCAct would give $2k per month to everyone, no exceptions.

Jeff Stein

@JStein_WaPo

3 years

California's $600 stimulus checks include payments for undocumented workers below $75K/year shut out of the federal programs

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Rohan Grey

@rohangrey

1 year

No one is against coding innovation. They're against a movement that is fundamentally built around making money and grift convincing itself it's committed to good tech first. We've seen this story before.

suzuha⚡️🌙

@dystopiabreaker

1 year

the thing that upsets me the most about ftx is that mainstream seems to think some random guy’s hedge fund blowing up invalidates all the amazing zk, pl theory, cryptography, mechanism design, distsys work that so many amazing high-integrity people are working on

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Rohan Grey

@rohangrey

3 years

This this this. Beneath the surface of this "Manchin insisting on bipartisanship to the detriment of everyone" narrative is the reality: probably closer to 20% of Senate Dems don't aren't willing to accept the revenue policies required to "fully pay for" a bigger bill.

Chris Hayes

@chrislhayes

3 years

@yeselson The pushback is more intense because of the pay-fors, which changes quite a bit.

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Rohan Grey

@rohangrey

3 years

🚨🚨🚨 ANNOUNCEMENT 🚨🚨🚨 @AyannaPressley Unveils Historic Federal Job Guarantee Resolution.

Rep. Pressley, Economists, Advocates Unveil Historic Federal Job Guarantee Resolution - Ayanna...

Resolution Builds Upon Historic Advocacy of Civil Rights Leaders Coretta Scott King, Economist Sadie Alexander, Among Others Resolution Text (PDF)...

pressley.house.gov

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Rohan Grey

@rohangrey

1 year

The president's legal obligation is to what he believe the constitution says, not what 6 extremist GOP court members *might* rule. If the 14A compels the president not to default and to mint the coin before violating debt ceiling, that's what he must do.

Jason Furman

@jasonfurman

1 year

I’m not a lawyer but I’ve talked to a lot of them over the years. There is a good legal argument for the 14th Amendment and maybe even for the coin. But the question is not how Justice Tribe would rule, it is how this court would rule. I have little faith in them.

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Rohan Grey

@rohangrey

3 years

Looking forward to testifying tomorrow at the House Financial Services' Fintech Task Force hearing on "Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of CBDCs": Event link is here:

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Rohan Grey

@rohangrey

4 years

YOU ABSOLUTELY LOVE TO FUCKING SEE IT

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Rohan Grey

@rohangrey

3 years

👏Issuing👏Treasury👏Securities👏Isn't👏Borrowing👏Money👏 As @StephanieKelton says, you don't get a loan from a bank by walking in and giving them the exact amount you want to borrow in cash first. Yet that's how the Tsy markets work.

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Rohan Grey

@rohangrey

1 year

This is entirely backwards - Klein argues that the viability of the Coin/14A depends on three conservative justices, but also that it would be Biden who would be blamed if it came to that. No. It would be the far-right members of the Court. That's the whole point.

New York Times Opinion

@nytopinion

1 year

“The debt ceiling might be the single dumbest feature of American law,” @ezraklein writes.

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Rohan Grey

@rohangrey

4 months

Bill Ackman

@BillAckman

4 months

My wife, @NeriOxman , was just contacted by Business Insider claiming that they have identified other plagiarism in her work including 15 examples in her dissertation where she did not cite Wikipedia as a source. Business Insider told us that they are publishing their story…

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Rohan Grey

@rohangrey

1 year

"the problem with the coin is it's too hard to explain to the public" Yeah totally, def true when compared to literally any other aspect of the budget process which everyone knows is so easy to understand

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@rohangrey

4 years

YES! @AyannaPressley 's questions Chairman Powell on the Job Guarantee! A thread: (1/n)

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@rohangrey

3 years

Lol we should all be grateful that elections only occur every four years because we'd all get whiplash seesaw-ing between Krugman's views on deficits/debt every time a different administration gets into power.

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Rohan Grey

@rohangrey

3 years

Really sticking it to Wall St now

NYDIG

@NYDIG

3 years

NYDIG is proud to partner with Morgan Stanley, the first US bank to offer access to #Bitcoin for their wealth management clients.

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@rohangrey

3 years

When he's right, he's right.

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Rohan Grey

@rohangrey

8 months

I think im gonna become a library supremacist. Cultural investment/procurement? Public Library Universal media streaming/sharing platform? Public Library. Privacy-respecting personal data management/secure search/browsing? Public Library. Lifelong education? Public Library

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Rohan Grey

@rohangrey

1 year

Here's how to #mintthecoin 1) Biden announces a new "emergency budget stability and national security seigniorage fund" at Tsy, and declares that every day between now and June 1 Yellen will deposit another $10bn platinum coin into the fund until R's pass clean ceiling increase

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Rohan Grey

@rohangrey

3 years

It would be (is) a huge mistake for the Left to give the impression to the Biden administration that it would be happy with Yellen at Tsy. She's a deficit fearmonger that presided over premature rate increases based on a mistaken view of how low unemployment could go. Bad bad bad

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Rohan Grey

@rohangrey

3 years

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Rohan Grey

@rohangrey

3 years

Two points that anyone to the left of center should find completely uncontroversial in the year 2020: 1. Fix the Debt is an intellectually & morally bankrupt org. 2. Smart, experienced political insiders who choose to affiliate with Fix the Debt know exactly what they're doing.

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Rohan Grey

@rohangrey

2 years

It's with a heavy heart that the millionaire earning strong six figures to study inequality at the public university has concluded some of you need to lose your jobs. For the economy

Mark Paul

@MarkVinPaul

2 years

Krugman in the NYT today arguing that we need to throw folks out of work and into the unemployment line. But why? If the economy supported 3.6% U pre-crisis, why can't it support that today? I think Krugman is wrong here.

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Rohan Grey

@rohangrey

4 years

***BREAKING*** I am thrilled to announce that the full legislative text of the #ABCAct bill to #MintTheCoin is now public: More details are available in the press release here:

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Rohan Grey

@rohangrey

3 years

Jason Furman, like Larry Summers, should not be allowed near economic policy in the Biden administration.

Capricciola

@Capricciola

3 years

This you?

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Rohan Grey

@rohangrey

4 years

Graeber's Debt bad a big impact on me, like many in my world. But it's this piece I think of first when I think of him, and the one I'm gonna think about a little bit more today.

What’s the Point If We Can’t Have Fun?

My friend June Thunderstorm and I once spent a half an hour sitting in a meadow by a mountain lake, watching an inchworm dangle from the top of a stalk of grass, twist about in every possible…

thebaffler.com

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Rohan Grey

@rohangrey

9 months

Heterodox econs: "orthodox macro fights inflation on the backs of the unemployed" Orthodox: no we don't that's ridiculous we never say that Also orthodox econ: (Cc @dandolfa )

Olivier Blanchard

@ojblanchard1

9 months

4. Short of a direct effect on inflation expectations, or mind control, or price/wage controls, this requires slowing down the economy, and thus increasing unemployment. To me, the increase in unemployment is causal, and needed to reduce inflation.

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Rohan Grey

@rohangrey

4 years

Relative to other proposals out there, this proposal offers both a novel financing mechanism ( #MintTheCoin ) and a novel distribution mechanism (pre-paid cards), and is truly universal. It's been a thrill to work on this proposal, but it is important to note that while emergency

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Rohan Grey

@rohangrey

1 year

coin Coin COIN

Jake Sherman

@JakeSherman

1 year

DEBT LIMIT TALKS between the White House and House Republicans have been paused, per multiple sources involved in the talks. "We're at an impasse," a source involved with the talks tells me. Not one issue, but multiple issues have proven problematic, I am told.

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Rohan Grey

@rohangrey

9 months

You're welcome

Robert P. Murphy

@BobMurphyEcon

9 months

thank you MMTers

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@rohangrey

3 years

The same Very Serious Democrats who love to assert that MMT isn't politically viable because it's impossible to sell such a nuanced idea to the general public are the ones convinced they can sell "$2000 meant $1400, actually" and not suffer any blowback. Realism, indeed.

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Rohan Grey

@rohangrey

3 years

My "legal tender for all debts, public and private" trillion dollar coin has people asking a lot of questions already answered by my coin.

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Rohan Grey

@rohangrey

3 years

This is incredibly obfuscatory. Tether's "reserve" assets include.... a $550 milllion loan to Bitfinex. What he's describing is matching liabilities with assets, not backing with reserves. A bank that has its deposits 1:1 matched by loans does not have a "100% Reserve."

Amy Castor

@ahcastor

3 years

Tether’s Paolo Ardoino, Stuart Hoegner do a podcast—transcript and comments

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Rohan Grey

@rohangrey

1 year

Almost that time again....

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Rohan Grey

@rohangrey

3 years

So House Dems didn't call witnesses bc Senate Dems didn't support them bc Senate Republicans successfully threatened them. Is that it? If winning all three branches still doesn't give Dems the power to hold a President who incited a violent insurrection accountable, what does?

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@rohangrey

3 years

Got a very nice email and follow-up from former Mint Director @PhilipNDiehl , which I reproduce here with his permission, that provides useful context on the underlying legislative intent behind 31 USC 5112(k) and reinforces the case for #MintTheCoin .

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@rohangrey

7 months

who does fixing the debt hurt? asking for a friend[ly astroturf organization]

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@rohangrey

3 years

This isn't economic analysis, it's a bad version of elementary school arithmetic. Taxing capital gains is a good idea but there is no evidence doing so would per se reduce demand in the sectors most likely to generate price pressure if any occurs. This is pure money illusion.

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@rohangrey

1 year

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@rohangrey

8 months

It continues to astound me why anyone thinks Noah Smith's opinion on anything is worth listening to. He's a 3rd rate intellect whose major claim to fame is left bashing at key moments in the discourse. Yggie formed a dark alliance w Ezra Klein & rode "wonk" brand to the right

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@rohangrey

3 years

Bitcoin is 1) not private, and 2) a bad form of money. Public eCash is 1) private, and 2) a good form of money. People who care about civil liberties should be looking to the latter, not the former.

Glenn Greenwald

@ggreenwald

3 years

Left-liberal opposition to Bitcoin is based on the same mentality as support for NSA during the Snowden reporting was: if you aren't doing anything wrong, you have nothing to hide. Privacy is needed only for criminals. There's no valid reason not to submit to centralized control:

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@rohangrey

4 years

@StephanieKelton is absolutely correct. @RashidaTlaib has courageously said the quiet part - which politicians, bankers, central bankers have long been aware of - out loud. The bell cannot be unrung. Time to demand we use #PublicMoney4PublicPurpose #ABCAct #MintTheCoin

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@rohangrey

4 years

My new op-ed, on what the Coronavirus teaches us about how we can and must respond to all social crises.

We Can Afford to Beat This Crisis

Even deficit hawks like Joe Biden know that when faced with the genuine prospect of annihilation, the only adequate response is to do whatever it takes to prevent it.

www.thenation.com

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@rohangrey

4 years

@GeoffRBennett @nytimes @RepRashida I helped design the proposal, so if you want to discuss the proposal further, please feel free to contact me.

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@rohangrey

6 months

I've had the privilege to work with @RepRashida on various initiatives, and I've been so consistently impressed and humbled by who she is and how she rolls. Love, support, and solidarity for a Real One who lives their values fearlessly and with integrity every day.

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@rohangrey

4 years

Happy to finally announce the website, which serves as a resource hub for @RashidaTlaib & @PramilaJayapal 's #ABCAct proposal to #MintTheCoin , is finally up and running.

#MintTheCoin

The Official News & Information Hub for #MintTheCoin

mintthecoin.org

#MintTheCoin

@MintTheCoin

4 years

ANNOUNCEMENT: The website is now up and running! It includes a detailed explanation of the #ABCAct and its funding mechanism, as well as relevant legal background, FAQ, and accompanying resources. #MintTheCoin

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Rohan Grey

@rohangrey

1 year

The problem with crypto is not that it cares about anonymity. It's that it doesn't. It cares about saying it cares about anonymity while getting rich and offering a form of digital payment that will never work as a proper substitute for cash because it's not good money.

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@rohangrey

4 years

Lol. MMT, for 25 years: "focus on real resources, stop worrying about the deficit, mobilize everyone on scale of WWII to solve problems and improve society" Everyone else, for 25 years: "shut the fuck up you crazy extremists" The NYTimes and the Trump Administration, now:

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Rohan Grey

@rohangrey

3 years

I just did an incredible hourlong 1:1 interview with former U.S. Mint Director @PhilipNDiehl , the video and transcript of which will be up later this evening. Everything you wanted to have answered on #MintTheCoin and coinage more broadly. One of my favorite discussions ever.

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@rohangrey

3 years

PAYGO is one of the biggest procedural obstacles to achieving big, transformative legislative change. This is a huge win and must have taken incredible amounts of behind-the-scenes work to get it over the line. Congrats to @AOC and everyone involved.

Alexandria Ocasio-Cortez

@AOC

3 years

So these rule changes are a big deal - & not only on healthcare. They are structural changes in the House that level the playing field for a full SUITE of flagship legislation, locks in that field for the next two years, & establishes precedents for after This was not easy

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@rohangrey

4 years

@tomescritt @TheStalwart The nice thing about making two $1 trillion coins is it already gets people comfortable with the idea of making a third, fourth, fifth, etc. A single coin sounds too one-off and makes replication in future harder.

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Rohan Grey

@rohangrey

3 years

"Instead of doing a good thing, we should do a different good thing, BUT NEVER BOTH SO HELP ME FUCKING GOD"

Alec Stapp

@AlecStapp

3 years

Instead of cancelling college student debt, we should pass @MattBruenig 's Family Fun Pack: - child allowance ($300 per month per child) - free healthcare for children - free school lunch - baby box - parental leave

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@rohangrey

5 months

Can't possibly imagine why 98% of assistant Profs feel the need to do this. Absolute mystery

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@rohangrey

5 years

Its amazing AOC simultaneously a) advocates for 70% tax rates & b) uses MMT talking points in response to 'how do you pay for it' for M4A, the GND, etc. Turns out you can be pro-taxing the rich AND accurate on how govt spending actually works. Crazy huh

jordan

@JordanUhl

5 years

Anderson Cooper: How are you going to pay for all of this? @AOC : Nobody asks how we're going to pay for the 'space force'

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@rohangrey

3 years

I see some Democrats are back on the "actually it's fine to take millions of dollars in speaking fees from big banks and even pointing it out is sexist" train. Fantastic work.

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@rohangrey

2 years

Jamie Galbraith has had Krugman's number for decades. This piece was written in December 2001, 20-yrs ago. He was right then, he's right now.

Stephanie Kelton

@StephanieKelton

2 years

What follows is a THREAD, posted on behalf of Professor James Galbraith, who is not on Twitter but who asked me to share his reaction to this.

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@rohangrey

4 years

In addition to humiliating himself tonight, Bloomberg humiliated every pundit and political hack who eagerly took his money in exchange for their endorsement. This was their performance tonight, too. They own this man and his campaign now forever.

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@rohangrey

3 years

THIS

Nathan ' FOIA' Tankus

@NathanTankus

3 years

God forbid Democrats do something positive that also creates a groundswell for further broad based financial support to households and businesses in the face of an intransigent Republican Party... someone might mistake them for an effective political party.

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@rohangrey

2 years

Grateful for opportunity to talk MMT w Jon Stewart alongside @StephanieKelton . Never thought Id see him go from a #MintTheCoin skeptic to supporter. Only took 10yrs! Guess Ill have to revise my law review article. Https://rohangrey/files/coinage.pdf

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@rohangrey

3 years

I, too, am shocked to find out that not only was Milton Friedman an ideologue, but there has been gambling in this establishment this entire time

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@rohangrey

1 year

The thing about "free market" capitalists is that they hate being confronted with the limits of their own vision and become violent and authoritarian whenever it happens. The way you win Monopoly isn't by getting rich, it's by bankrupting the others.

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@rohangrey

1 year

Hi, its me, the rabidly pro capitalist, anti-public goods crypto guy. It is with a heavy heart that I have no choice but to start voting for the fascist party because *checks notes* Elizabeth Warren is mean (it's definitely not for the lower taxes and industry handouts, I swear)

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@rohangrey

3 years

is the problem, that is the deepest issue here. We cannot and should not allow $60bn companies to exist where the core question of "are they completely fraudulent pieces of shit" can remain ambiguous indefinitely and throughout a meteoric rise. No more Schrodinger's Stablecoins.

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@rohangrey

3 years

It's tempting for the left to lean into the "taxpayer money" trope because it ostensibly strengthens the arg for redistributive taxation. But it's a trap, and ultimately leads to one place only: the politics of scarcity, exclusion, xenophobia, and white supremacy.

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@rohangrey

4 years

@__economist__ @dandolfa @TheStalwart Congress has no problem spending unlimited money when it wants to already. It's just usually on wars, tax breaks for the rich, bailouts for banks, etc. The only people who don't know about the big infinity sign in the govt's bank account are average people who suffer austerity.

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@rohangrey

3 years

Orthodox econ critics of MMT be like

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@rohangrey

3 years

Thrilled to share this 1-on-1 interview with former U.S. Mint Director @PhilipNDiehl , where we discuss his career, the institutional evolution of the U.S. Mint, coinage, intra-governmental politics and accounting, and of course, #MintTheCoin .

#MintTheCoin! - Interview with Former Mint Director Philip N. Diehl

A one-on-one interview between Philip N. Diehl, former Director of the U.S. Mint, and Rohan Grey, Assistant Professor of Law, Willamette University, on Octob...

www.youtube.com

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Rohan Grey

@rohangrey

4 years

Doesn't this pandemic and accompanying economic collapse just make you scream "I wish Joe Biden was in charge"

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Rohan Grey

@rohangrey

2 years

Know us by our enemies, etc

Lawrence H. Summers

@LHSummers

2 years

I am sorry to see the @nytimes taking MMT seriously as an intellectual movement. It is the equivalent of publicizing fad diets, quack cancer cures or creationist theories.

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@rohangrey

5 years

@StephanieKelton @mike_cal @AOC Exactly! I wrote about this regarding IP from Job Guarantee labor, but logic also applies more broadly. If research in science and useful arts is financed by public money, the fruits of that research should be made available to the public.

Who Owns the Intellectual Fruits of Job Guarantee Labor?

This chapter explores the relationship between intellectual property law and the job guarantee ("JG") in the context of the twenty-first-century economy. Today, any information capable of digital...

link.springer.com

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Rohan Grey

@rohangrey

4 years

I did my bit to help bury Paul Volcker.

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