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Rashida Tlaib has drafted legislation to fund coronavirus relief by minting 2 trillion-dollar coins and selling them to the Federal Reserve, diverting its infinite credit powers to everyday citizens. @TheStalwart/1241381460558389250Permalink On twitter.com
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Regardless of the details involved, we all need the deeper ideas involved here: that the economy and money itself are socially generated notation for sending resources around,Permalink On twitter.com
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that the economy should serve human needs, rather than humans limiting their possibilities in the service of abstractions,On twitter.com
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that every person has a say in the economy's direction, especially the multiply marginalized people claiming their voice that Rashida Tlaib represents (literally and metaphorically),Permalink On twitter.com
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that all the power of abstraction can be physically remade,Permalink On twitter.com
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that unpaid economic debts (think student loans) and unpaid social debts (think reparations for slavery) might be alchemized by collective agreement into a coin, and paid off, that future lives not be lived in any form of bondage to the past.Permalink On twitter.com
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I want to see this idea spread, and imagined materially (go design and mould a trillion dollar coin) that we might all expand our imaginations and raise our level of expectations.Permalink On twitter.com
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We can seriously expect a very hard economic shock from a system deprived of its oxygen, endless compounding growth. We need the mental freedom to imagine what comes next.Permalink On twitter.com
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