Research Director @theMMTNetwork.I write a newsletter on the Coronavirus Depression, Macroeconomics and Money called Notes on the Crises.
Oct 6, 2018 • 17 tweets • 4 min read
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!
Aug 17, 2018 • 6 tweets • 2 min read
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
Jun 26, 2018 • 4 tweets • 1 min read
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
Jun 21, 2018 • 15 tweets • 3 min read
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.