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Oak

@toak.bsky.social
274 followers 239 following 147 posts

I want you to win. Views are my own or those of Scotch whisky. MMT

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Oak @toak.bsky.social · 02/10/2026
Ok, so we should seize Trump Ill-begotten gains, but “to pay down the National Debt” is absurd because a currency issuing govt REQUIRES being in “deficit” as that’s simply $$ invested in our country. The Fed govt is not a household. I beg you.. #LearnMMT
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Oak @toak.bsky.social · 30/09/2026
I hearby decree we will all be killed by Super Intelligence, NOT Artificial Intelligence. 🤡
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Oak @toak.bsky.social · 27/09/2026
We lack resources to deliver it… tomorrow. We do not lack money. We should drop Medicare eligibility 3 years, then 2 years each year for next 5 years, allowing for resource and access alignment
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Oak @toak.bsky.social · 19/09/2026
No Blue Nile here? We are not even allowed to listen to their masterpieces when the sun is out. 🤷‍♂️
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Oak @toak.bsky.social · 16/09/2026
A mere 32 years younger than Robert. Thank God, Belichick’s 48 year difference is giving him cover. 🙄
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Oak @toak.bsky.social · 12/09/2026
It is deranging to think about the first person to put this AI prompt in..
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Oak @toak.bsky.social · 12/09/2026
💯. AI slop doesn’t enhance this story, it marginalizes it. Welles’ story can stand on it’s own without BS AI images
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Oak @toak.bsky.social · 08/09/2026
It’s the dedication to their owners one respect’s the most.
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Oak @toak.bsky.social · 05/09/2026
Seriously, can I ask the algorithm to stop sending me cat videos? Don’t dislike cats at all. Love many people who have cats… don’t want to have one more cat video in my feed. F me
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Oak @toak.bsky.social · 05/09/2026
Don’t take this the wrong way. I don’t dislike cats. Sure, if we must pick, definitely a dog person. But the Bluesky algorithm throws so many cat videos into my feed that I am very close to HATING all cats. Please stop! I assume that is the opposite incentive for people who love cats.
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Oak @toak.bsky.social · 04/09/2026
Pop Watson Era begins!
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Oak @toak.bsky.social · 03/09/2026
Once we realize that we do not require any rich persons tax money or otherwise to pay for anything at the Fed level, we can stop framing them as entities who must bequeath crumbs to us lowly. We should tax the hell out of the rich for one reason: to limit their political power. #LearnMMT
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Oak @toak.bsky.social · 29/08/2026
Abdul, please refine this narrative. The Fed, the only issuer of $USD, does not need rich persons $ to pay for anything. There is no finite pool of $ where some get and others do not. We can afford MCA only if we have the resources to deliver on it. NOT because we don’t have the money. #LearnMMT
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Oak @toak.bsky.social · 25/08/2026
Please know, while it’s possible to afford because the Fed is a currency issuer, it will not be possible tomorrow because we needs the resources (a cess to Drs, nurses,meds…) aligned to deliver it. If resources don’t exist we must incentive those to fill the gaps. MFA can only be deployed over time.
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Oak @toak.bsky.social · 21/08/2026
I get the sentiment, but it is wrong. We don’t pay back the “debt” at a fed level. The Debt is simply the $ invested into America that equals net private savings on the balance sheet. How does the sole issuer of USD “owe” it back? To whom? Any govt must deficit spend to thrive.
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Oak @toak.bsky.social · 21/08/2026
This is strategic and intentional. It’s called gaslighting your base. This gets fed directly in the veins of MAGA. When the inevitable beatdown comes in November, the base will be entirely credulous to yet another “stolen election”.
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Oak @toak.bsky.social · 17/08/2026
The simple answer is, as the only issuer of USD, we can afford anything. As much as I also want MFA, we do NOT have the resources to have Medicare for All…now. We must close the resource gap to have the resources for our money to act upon. #learnMMT
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Oak @toak.bsky.social · 15/08/2026
Our government can do one of two things? Continue to incentivize big business to push people to welfare or mandate our largest employers cover comprehensive health insurance. The richest nation in the history of the world cannot figure out what every other industrialized nation the world has.
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Oak @toak.bsky.social · 14/08/2026
Of course, as the sole currency issuer of the USD, we can never be insolvent. We can only be only be held hostage by politicians who lack knowledge or political will. Reich, even with his heart in the right place, ALWAYS gets this wrong. It makes us slaves to rich people. Absurd. #LearnMMT
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Oak @toak.bsky.social · 12/08/2026
One can support women and also not be a transphobe. I would suggest most people are already like this. These are mutually exclusive no matter how much social media says they are not.
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Oak @toak.bsky.social · 12/08/2026
Crazy idea. Go all in to support the ones who won. 🤷‍♂️
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Oak @toak.bsky.social · 12/08/2026
Let’s goooooo, Dad!
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Oak @toak.bsky.social · 08/08/2026
Who is “us”? The U.S. government is not a for profit entity. They are the sole currency issuer of the USD. What would one do with the profits?🤷‍♂️
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Oak @toak.bsky.social · 08/08/2026
Fact is, he is correct. I am more mad at other Republicans. We know what Trump is…I still can’t reconcile the GOP that carries his water.
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Oak @toak.bsky.social · 07/08/2026
People have no idea what the national debt is…it is merely the $ invested into our country which has yet to be taxed out. The Fed govt is not a household. We REQUIRE deficit spending.#MMT
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Oak @toak.bsky.social · 05/08/2026
Tip for the DNC. Back the candidate the people vote for. It’s called Democracy. All the work is done for you.
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Oak @toak.bsky.social · 02/08/2026
The DNC often overlooks the first word in their name. They know better than the people. 🙄
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Oak @toak.bsky.social · 27/07/2026
Same
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Oak @toak.bsky.social · 27/07/2026
You spelled “Americans” wrong
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Oak @toak.bsky.social · 23/07/2026
You can’t handle the truth!
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Oak @toak.bsky.social · 23/07/2026
An absolute fav as a kid.
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Oak @toak.bsky.social · 09/07/2026
As they should.
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Oak @toak.bsky.social · 08/07/2026
If only we had an idea of what happens when a candidate drops out late in a campaign. No coronations. How about democracy?
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Oak @toak.bsky.social · 23/06/2026
For how much $$?
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Oak @toak.bsky.social · 20/06/2026
It not “debt”. It an obligation to pay interest on bonds . This is where my political comment came in. The U.S. can decide to no longer do it and they won’t owe anyone.
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Oak @toak.bsky.social · 20/06/2026
Agree. Confidence in money is a separate issue than how money is created. Needless to say, our leadership in the U.S. is doing everything possible to crush confidence in the $USD
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Oak @toak.bsky.social · 19/06/2026
A currency issuing country can never run out of money. The real constraints are access to real resources. When someone says “How are we going to pay for that?”, the real question should be “How are we going to resource that?”
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Oak @toak.bsky.social · 19/06/2026
The Debt is owed back to whom? $40T is just $$ invested into the economy that is yet to be taxed out. Rename the public debt to “private sector savings” and everyone breathes a sigh of relief. All currency sovereign nations should be running a deficit (investing in their country)
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Oak @toak.bsky.social · 19/06/2026
This is a purely political decision, offering interest on bonds. And more so a game for only the rich. Who wouldn’t buy US bonds with a guaranteed rate of return? This can stop tomorrow if we wish to no longer do so. Upside is strengthening the reserve currency and demand for the USD.
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Oak @toak.bsky.social · 19/06/2026
How does one go about borrowing its own money? Then owing it back? To whom?
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Oak @toak.bsky.social · 19/06/2026
Inflation will only occur if “printed” money has no real resources for it to be acted upon. If $$ is created for no reason, and no access to real resources, then it will devalue the currency and be inflationary.
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Oak @toak.bsky.social · 19/06/2026
ETTD
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Oak @toak.bsky.social · 19/06/2026
That is not how it works. As the sole issuer of $USD, the Fed Govt can NEVER run out of money. The SS will run out of $ story has been told for eons. While we are taxed on pay, this is because people didn’t believe the govt could simply pay for it with the stroke of a pen.
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Oak @toak.bsky.social · 13/06/2026
The U.S. is unique in equating the accumulation of wealth with the accumulation of wisdom. Without hyperbole, this an imminent extinction event.
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Oak @toak.bsky.social · 13/06/2026
Quick update: As the Fed is the only issuer of the $USD we do not need rich persons money to pay for anything. We DO need to tax the rich for one reason only…to limit their political power. We could accomplish the same by ending Citizens United
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Oak @toak.bsky.social · 11/06/2026
One may also say, all people “deserve” food. 🤷‍♂️
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Oak @toak.bsky.social · 11/06/2026
If there is one choice, the second is more moral.
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Oak @toak.bsky.social · 10/06/2026
I was the same. But tackled it and it was worth all the accolades. Great.
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Oak @toak.bsky.social · 05/06/2026
I know AOC knows how money works at the Federal level and understands MMT…she is lying here. Why? Federal taxes do not pay for any Fed initiative. #thedeficitmyth
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Oak @toak.bsky.social · 02/06/2026
How does one go about “settling” a lawsuit that was dropped? There cannot be a settlement to a lawsuit that no longer exists. 🤷‍♂️ . This is more appropriately called stealing.
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