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Nathan Tankus Profile picture
@NathanTankus
Sep 12, 2018 • 3 tweets • 2 min read • Read on X
The best thing about @realDonaldTrump is he's too stupid to understand neoliberal pretzel logic.

cnbc.com/2018/09/11/tru…
I love that Cohn is too dumb to know the government does have a "balance sheet like that" and in fact has an agency named the #FederalReserve who regularly "prints money" to "lower the national debt" by buying bonds.
I memed it

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More from @NathanTankus

Nathan Tankus Profile picture
Oct 6, 2018
I'm reading Margaret Myers "The New York Money Market: Origins and Development"! I may blog it, but for now I'm livetweeting it. cc/ @DanielaGabor @JWMason1 @cacrisalves @ingridharvold @tymoignee @stf18
First up, something we don't talk enough about. The fact that stock exchanges and banks didn't exist in the Americas before the revolutionary war. Institutions matter and markets aren't natural!
"Philadelphia quotations were published throughout the country; sterling exchange rates originated in Philadelphia; and domestic exchange rates were ordinarily given in terms of Philadelphia values" (page 4).
Read 17 tweets
Nathan Tankus Profile picture
Aug 17, 2018
Not super invested in the twitter ruckus today but this take is really bad and is a huge gap for the people just discovering social democracy.

A) gender and identity are not reducible to sex, learn anything about the history of gender or even just people who aren't you

1/N
B) Gender and sexuality are intimately tied up on property law and all sorts of other legal relations which structure capitalism. You're not going to change (or move beyond) capitalism while being totally ignorant of it.

2/N
C) Concretely, if you actually learn something about actually existing nordic social democracy you'll know that gender and race are the wedges used to roll it back.and that's those places.The U.S is one of the most intensely white supremacist and misogynist societies on earth 3/N
Read 6 tweets
Nathan Tankus Profile picture
Jun 26, 2018
One of the worst things about the idea that inflation is "too much money chasing too few goods" is it provides no coherent approach to the temporal dimension of this issue. Once you accept that firms order backlogs are a strategic variable this completely falls away.
In other words, we have plenty of evidence of price increases because of cost increases or income changes among customers while order backlogs are extremely low. we also have plenty of evidence of order backlogs fluctuating- and getting elevated- without price changes. 2/N
Firms might raise prices in response to elevated order backlogs- or they might not. you have to qualitatively understand the firm's positionality to understand what's going on. 3/N
Read 4 tweets
Nathan Tankus Profile picture
Jun 21, 2018
Thread: I've been rereading (and reading more) material about the Civilian Conservation Corps in response to the breakout of green JG discussions this week. No one should ever speak on this topic again until they've read at least one book/dissertation on it. There's tons! 1/N
How many trees do you think the CCC planted? I'm serious, throw out a number. Take a wild guess. see the end of the thread for the answer.
For now, let's say there's a reason they were called Roosevelt's "Tree Army". but that's not all they did! they fought fires. many, many many fires. wait to the end for how many "man days" of fire fighting.
Read 15 tweets

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