Reimagining money, banks and our economy for the wellbeing of people, communities and the planet.
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Joined October 2021
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⚡️ New: Nearly 7 in 10 voters think the Fed should stop raising interest rates if it puts millions of Americans out of work.
Could our approach to inflation help reduce inequality & accelerate the green energy transition?
Our new research reveals how 🧵
positivemoney.us/resources/p…
Positive Money US is entering a reflection phase. We'll be off social media for a little while but will be back soon!
In the meantime, join our mailing list and be the first to hear about our campaigns to win a fair & democratic economy.✊
📧 positivemoney.us/join-the-ca…
Positive Money US retweeted
We are excited to co-sponsor these series of fascinating talks hosted by @modernmoneylab!
Featuring prominent thinkers of #EcologicalEconomics & #MMT to bridge #EcologicalMacroeconomics!
FREE Registration & details about each talk:events.humanitix.com/economi…
@ISEEORG #EconTwitter
Positive Money US retweeted
🚨OPEN PhD positions in #EcologicalEconomics funded by @A2Ecozoic @GundInstitute🚨
Deadline Jan. 15, 2024📆
5 years of funding🤩
To research @postgrowth wellbeing futures🌎
Drawing from Ecological/Heterodox Economics🧑🏻🏫
Cohort-based community🙏
Learn more:uvm.edu/gund/leadership-ecoz…
Oil giants to reward investors with over $100bn.
As households everywhere struggled with higher energy costs, oil companies raked in record profits & doubled down on oil & gas in 2023 - the hottest year on record. We can blame these companies for that.
theguardian.com/business/202…
.@federalreserve other countries and central banks are moving forward to tackle climate risks at the scale & pace necessary. Time to catch up⏳🏃🏽♂️
🌍Big news!Following our open letter urging France to lead the way in adopting a greener monetary policy, Macron made a stronger call for green dual rates 👉 bit.ly/3H1rKzn
This marks a crucial milestone in our efforts to hold the ECB accountable! We're making an impact
.@federalreserve's interest rate hikes have spelled bad news for clean energy. @jenniecstephens & @martinsokol argue that the Fed could set set lower interest rates for renewable energy development.
The climate emergency demands thinking outside the box.
theconversation.com/why-the-…
"Instead of focusing on supporting corporate interests and the financial sector in the short term to stabilize markets, we believe central banks could prioritize longer-term stability by funneling investments toward vulnerable communities and people."🎯👏
theconversation.com/why-the-…
Mainstream economics teaches us that never-ending growth & resource extraction are good...leaving us w/ multiple overlapping crises🤦
So @jenniecstephens asks: w/ climate change worsening & inequality rising, what is the economics education people need?👇
nonprofitquarterly.org/recon…
Positive Money US retweeted
We never had to choose between low inflation and low unemployment.
@owenslindsay1 joined @TheProspect’s @ddayen to discuss the key takeaways from the Federal Reserve’s misguided rate-hiking campaign.
Positive Money US retweeted
Today, together with 23 NGOs and academics, we sent an open letter to President Macron following his support for the adoption of dual interest rates, a powerful tool to steer financial flows towards a greener future. CHECK OUT THE LETTER! 👉bit.ly/3GSkN3C [1-3]
Positive Money US retweeted
"The #climatecrisis requires changes in the inputs, outputs, methods, and practices regarding the production and consumption of goods and services." -@jenniecstephens of @Northeastern. bit.ly/3NzIL7k @PositiveMoneyUS @RethinkEcon_USA #JustTransition
ALT A man with long, wavy hair and a red beanie holding up glasses to the viewer, so as to make the image more clear.
👏 Time for a banking system that puts communities first. 🏦
Banks take on excessive risks to maximize profits, with the potential to bring down the entire economy. It’s time we start treating money & payment systems as the public good they are, through a public banking system.
Instead of our Wall Street-dominated banking system, with its predatory and discriminatory practices, we can build a democratic financial system that puts community needs above private profit. That is why @RepAOC and I are introducing the Public Banking Act.
Positive Money US retweeted
Breaking - the Global Fossil Fuel Divestment movement surpasses a new milestone:
1600+ institutions w/ assets over $40.6 trillion committed to divest from some form of fossil fuels
Made possible by hundreds of thousands of activists !
More info at divestmentdatabase.org
Congress just passed an $886 billion Pentagon budget.
Why is it that we always have money for the military & war but when it comes to funding vital public services or to tackle pressing challenges, like climate change, they ask “how will we pay for it”?👇
positivemoney.us/why-can-we-…
Positive Money US retweeted
The lesson from @Bilalbay’s piece on inflation & the affordability crisis bears repeating: The Fed’s rate hikes act more like a sledgehammer than a scalpel & are the wrong tools to address the root causes of high prices today.
It's time to change course. otherwords.org/its-time-to-t…
Positive Money US retweeted
Think we can now dispense with the myth that you bring down prices by socking it to workers.
We never had to choose between jobs and prices. Workers and consumers.
Hope that’s the lesson of the 2023 roundups.
Regional Fed presidents are selected by private search firms & so are led by individuals w/o any democratic accountability. Yet they make decisions that directly impact our lives, like setting interest rates.
We must democratize the selection process.👇
prospect.org/power/2023-12-1…
🌐 Ready to discover the truth? 💚 @realbankreform and @TakeOnWallSt’s new site ESGExplainer.com exposes the fossil fuel interests resisting sustainable investing. 🚀
esgexplainer.org/esg-myths/
.@federalreserve's rate hikes are bad for clean energy. But the Fed has loads of tools to tackle this problem like:
✅Setting dual interest rates for clean energy
🍃Introducing policies to support green loans & discourage dirty loans by banks
And more👇
heatmap.news/economy/high-in…
Earlier in 2023, we wrote to @federalreserve calling for bolder action on climate including demands for:
✅A green lending scheme
✅Policies to penalize fossil fuel lending
These measures can help bolster price stability & long-term economic resilience👇
positivemoney.us/fed-urged-t…