Econ of Keynes, Kalecki, Minsky, Lerner, Godley, Knapp, Robinson amongst other things. Rethinking economics. My specialty is hindsight.
Joined September 2017
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“The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.” - Joan Robinson
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2 Jun 2023
THE NEW POSTCOLONIAL ECONOMICS WITH FADHEL KABOUB
by Money on the Left @moneyontheleft
moneyontheleft.org/2018/07/0…
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Oh dear.
25 May 2023
BREAKING: Germany's economy enters recession
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24 May 2023
Landlords are sick of being cast as the "bad guys", while a new generation of TikTok influencer landlords would prefer you call them "property investors".
But do landlords deserve a rebrand?
@milenadambelli went to find out.
Produced by @FranRankin
youtu.be/2j48cEzhJzo
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19 May 2023
Then mint the damn coin. Just don’t capitulate to the GOP. 🤦🏽♂️
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Just #MintTheCoin already. Make it a chocolate one wrapped in platinum foil which Biden eats immediately after the whole deposit charade is done with.
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Another swing and a miss of a thread from John.
18 May 2023
I see the Twitter consensus is that the magic money tree should pay to upgrade our sewage system
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Cake
18 May 2023
What happens when you can’t afford the Tesco value beans, the rubber cheese or the stale discounted bread even though you work full time? What do they suggest you eat then?
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A growing number of parents in the UK are resorting to stealing baby formula for their children due to rising costs.
Read the full report from @TomSkyNews: trib.al/bA1VF6r
📺 Sky 501, Virgin 602, Freeview 233 and YouTube
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15 May 2023
There should never be a shortage of affordable housing. This is not something unpredictable. It is something which can and once would have been planned for. Build enough public housing in the roughly the right places with associated infrastructure and a crisis would never arise.
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15 May 2023
It turns out you have a much better handle on inflation if you have taken a realistic approach to pricing - one of the things covered by Erik Dean here:
youtube.com/watch?v=g42BXcrI…
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I'd think only still relevant in regards to discussion of the "credit divisor" approach.
14 May 2023
As I revise my macro textbook, I am eager to get input on the following: In an environment of large remunerated bank reserves, and generous liquidity provision by central banks, how should one think about the money multiplier? That it has become irrelevant, or not quite?
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12 May 2023
Do you always hear about the so called bipartisan budget surpluses of the 1990’s? Turns out they were not a good thing and actually premised on private sector debt and a stock market bubble. Listen to @StephanieKelton break it down on @PodFunnyMoney! Shout out to @DeanBaker13!
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How much do the red pills sell for?
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12 May 2023
The wrong way to frame the issue. Dealing with an aging society is not done by having the gov "save" USDs (something it can't do and his meaningless) but rather by investing today in preparing the economy to meet the needs of such society.
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10 May 2023
Inflation has cooled for 10 straight months, even as the unemployment rate has steadily improved. Maybe putting millions of people out of work isn't a necessary pre-condition for stabilizing prices.
10 May 2023
Breaking News: U.S. consumer prices rose 4.9% in the year through April, a 10th straight month of declines in inflation.
nyti.ms/3HXO11N
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Reminds me of @jamalimaddix meeting the EDL radio guy.
10 May 2023
Auntie Shola said we're not moving on until you pronounce my name right.
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10 May 2023
“As the sole issuer of euro-denominated central bank money, the Eurosystem will always be able to generate additional liquidity as needed,” Lagarde said...
If European governments need euros, there is an institution with a monopoly on its creation.
reuters.com/article/us-ecb-p…
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10 May 2023
Which bits are untrue?
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6 May 2023
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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