Discover and read the best of Twitter Threads about #JobsGuarantee
Most recents (8)
When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/03/all… 2/
pluralistic.net/2023/04/03/all… 2/
Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/
THREAD: The corp Dem establishment & its media allies are LOVING THE current divide & Conquer/mass cancellation/neverending war among indy media.
To rightfully politically frustrated progressives giving this oxygen for a month now at expense of all else...THIS IS WHAT THEY WANT
To rightfully politically frustrated progressives giving this oxygen for a month now at expense of all else...THIS IS WHAT THEY WANT
In reality, this goes back far earlier than this year and the current online war bw hosts and channels...I started seeing this in 2016 after @BernieSanders endorsed @HillaryClinton. Rightfully disappointed and frustrated progressives' began turning on Bernie & diving head first..
into a political nihilist mentality that believes ANY politician--whether or not you agree with them on policy/morality--that takes a direction or makes a policy or strategic choice you don't agree with is a "sell out" or "fraud." Now this has extended to YouTube hosts...
Do you care about the #GreenNewDeal ? #M4All? #FightFor15? #JobsGuarantee?
If so, read these Five Facts about Modern Monetary Theory, or #MMT. Its what we need to make it all happen.
#MMT also has Ozzy, the fluffiest mascot in the history of economic policy:
If so, read these Five Facts about Modern Monetary Theory, or #MMT. Its what we need to make it all happen.
#MMT also has Ozzy, the fluffiest mascot in the history of economic policy:
1: Ozzy's human there is #MMT champion @StephanieKelton, an economic advisor to @BernieSanders. Stephanie's latest book cuts through all the stale bullshit about government spending.
stephaniekelton.com/book/:
stephaniekelton.com/book/:
2. #MMT destroys that stupid question ``bUt HoW WiLL wE PaY fOr iT?". Is even better than the retorts we already know. Proves that normal economics is nonsense to make rich people even richer.
IMO the best short explanation of #MMT is @SamAdlerBell's.
theoutline.com/post/8895/how-…
IMO the best short explanation of #MMT is @SamAdlerBell's.
theoutline.com/post/8895/how-…
🎶🎄🎅
Twas the night before Christmas
When all through the White House
All the grifters were stirring
expecting pardons from the louse.
Covid relief
Hung in the balance without care
With hopes of $2000 checks
vanishing into thin air.
1/14
Twas the night before Christmas
When all through the White House
All the grifters were stirring
expecting pardons from the louse.
Covid relief
Hung in the balance without care
With hopes of $2000 checks
vanishing into thin air.
1/14
🎶🎄🎅
Children nestled everywhere
Still some with beds
While the realities of eviction
Danced in parents' heads.
Melania in her kerchief
And Trump in a stupid red cap
Still planning to override
The 2020 electoral map.
2/14
Children nestled everywhere
Still some with beds
While the realities of eviction
Danced in parents' heads.
Melania in her kerchief
And Trump in a stupid red cap
Still planning to override
The 2020 electoral map.
2/14
🎶🎄🎅
When out on their roof
There arose such a clatter.
They sprang from their separate beds
To see what was the matter.
Away to the window
Away from their bedding
To see *dozens* of maskless MAGAs
Joyfully super-spreading.
3/14
When out on their roof
There arose such a clatter.
They sprang from their separate beds
To see what was the matter.
Away to the window
Away from their bedding
To see *dozens* of maskless MAGAs
Joyfully super-spreading.
3/14
We need a 0% tax rate for the first $40,000 in income.
(for individuals, $80,000 for households)
This is necessary (as we start yet another economic downturn) and achievable (given our nation's culture of opposing taxes).
Happy #BookBirthday to @StephanieKelton on the publication of her long-awaited "The Deficit Myth," a book that could NOT be more timely in this moment of massive structural unemployment and trillions of free money for the wealthiest among us.
stephaniekelton.com/book/
1/
stephaniekelton.com/book/
1/
Kelton is one of the leading proponents of #ModernMonetaryTheory, which describes how money actually works, as a series of accounting flows, and makes some profound observations about the implications of understanding how government spending actually works.
2/
2/
I've written about Kelton's work before:
pluralistic.net/2020/05/14/eve…
But here's the shortest possible summary I can give:
Money ISSUERS (sovereign states) have a different relationship to money and debt than money USERS (everyone else: people, companies, local governments).
3/
pluralistic.net/2020/05/14/eve…
But here's the shortest possible summary I can give:
Money ISSUERS (sovereign states) have a different relationship to money and debt than money USERS (everyone else: people, companies, local governments).
3/
Che c'è in "Lavorare tutti?" mio su #jobsguarantee e #GreenNewDeal in libreria (thread). Come mai anche un mercato del lavoro scoppiettante come quello US lascia fuori tanta gente e genera diseguaglianze? Che bisogni insoddisfatti nel welfare e la lotta al cambiamento clima?
In US e altrove sono state presentate diverse idee, più o meno radicali. Che dicono? Come si pagano? In che mercato del lavoro e società divisa (ricchezza, colore della pelle, istruzione, territorio) impatterebbero? Che critiche hanno ricevuto? E in Italia avrebbe senso?/2
La risposta è che sì, creare lavoro pubblico avrebbe senso. L'impatto della AI e robotizzazione, un mercato del lavoro non includente e incapace di redistribuire, la necessità di far partecipare più persone (anche fornendo servizi di welfare che cosentano di lavorare)/3
Thread: Friends, Climate Change is a Global existential crisis. A threat to the very habitability of human and non-human life on Earth. We simply cannot achieve what is necessary to address this urgency at the scale and speed required with something like "low-interest loans" 1
Lending is not going to mobilize our country to transform and revitalize this economy away from fossil fuels in time to avoid catastrophe and ensure a #justransition. Here in the U.S. only the Federal Government and the power of the purse can make this happen as needed 2
Using Direct spending via #FunctionalFinance on millions of new good-paying union Green jobs, renewable infrastructure, renewable technology, and a #jobsguarantee, we can make the kind of shift necessary to overcome the paradox of economic development and eco-sustainability 3
