Discover and read the best of Twitter Threads about #Keynesian
Most recents (7)
@metrikk @shalowaters @ScottAn72778460 @OCpatriot_ @sav_says_ #NazisWereSocialists😲😱🤦♂️ 🧵
jonjayray.tripod.com/hitold.html
jonjayray.tripod.com/hitold.html
🧵The #fiscalconservativemyths around good government being dependent on #balancedbudgets and ridiculous comparisons of government budgets to household budgets is about to arise yet again. Let's check these myths out.
Do economists believe that the budget should be balanced each fiscal year? No, a budget should be balanced only on average; it can be in a deficit during a recession and offset by surpluses when the economy is doing well.
A balanced budget refers to total budget expenditure being equal to the total budget receipts. Adam Smith and other classical economists advocated the concept of balanced budget. They claimed a balanced budget is the best since it has a neutral effect on the economy.
A select case of #Evolution and #Leftist Progression in the History of Economic Thought ->
From #Marxism to #Keynesian Economics to #MMT
#Complexity
From #Marxism to #Keynesian Economics to #MMT
#Complexity
Negative events will lead to negative outcomes :
#Bolshevik Revolution => #Intenational #Proletarianism & #Leninism
#Great #Depression -> #Keynesian Economics
#Chinese Cultural Revolution -> Gang of Four
#GFC -> Modern Monetary Theory #MMT
That is how to interpret history.
#Bolshevik Revolution => #Intenational #Proletarianism & #Leninism
#Great #Depression -> #Keynesian Economics
#Chinese Cultural Revolution -> Gang of Four
#GFC -> Modern Monetary Theory #MMT
That is how to interpret history.
Anticipating #tippingpoint is the most essential thing a gifted leader has to his credit.
All non-linear events should be studied carefully by applying #physics in social sciences, such as #Chaos #Theory and Law of #Thermodynamics.
Yes, and #Murphy's #First Law might also help.
All non-linear events should be studied carefully by applying #physics in social sciences, such as #Chaos #Theory and Law of #Thermodynamics.
Yes, and #Murphy's #First Law might also help.
Time for a 🧵 on two charts (at the end) that seem to tell an interesting #Bitcoin story.
For several yrs @CaitlinLong_ has openly discussed the potential negative impact of #rehypothecation of #bitcoin by banks, wall street, hedge funds & the broader #tradfi community.
For several yrs @CaitlinLong_ has openly discussed the potential negative impact of #rehypothecation of #bitcoin by banks, wall street, hedge funds & the broader #tradfi community.
@saylor has discussed and shown the need for sound money and the value that having a savings mechanism brings to the system.
@JeffBooth has shed light on the fact that #deflation isn’t such a bad thing when #technology is actually making our lives better and costs cheaper.
@JeffBooth has shed light on the fact that #deflation isn’t such a bad thing when #technology is actually making our lives better and costs cheaper.
@saifedean taught the 🌏 the importance of time, effort, and energy & the value that living by the #Bitcoin Standard can bring to individuals and countries across the globe.
@FossGregfoss has done a phenomenal job helping to #educate on the benefits of owning #volatile #assets.
@FossGregfoss has done a phenomenal job helping to #educate on the benefits of owning #volatile #assets.
#Lockdown is critical for slowing the spread of #COVID19, and India has displayed firm resolve in enforcing it.
Massive labour churn; CMIE Data indicates that 120 million people have lost their jobs. We will need strong Govt action to revive the Economy.
theprint.in/opinion/india-…
Massive labour churn; CMIE Data indicates that 120 million people have lost their jobs. We will need strong Govt action to revive the Economy.
theprint.in/opinion/india-…
We're already in a Global #Recession, the kind of which hasn't been seen in a century. It could get a lot worse, and we need to be prepared. #ViciousCycle 🔁 : Businesses shuttered, Labour furloughed, Expenditure cut and Demand destroyed. @MD_Nalapat
nationalinterest.org/blog/buzz/what…
nationalinterest.org/blog/buzz/what…
The #lockdown and media-fuelled fear have completely brought the economy to a grinding halt. At some stage, #starvation may overtake #COVID19 as the leading cause of death. States like Punjab are finding innovative ways to balance health & economics.
theprint.in/india/this-is-…
theprint.in/india/this-is-…
Largely because (a) the injections functioned differently last time as it was primarily a financial seizure, not a real one; (c) the real assets which did deflate -RE- are the very ones which have since most risen in price (“inflated”); (d) intl division of labour then undamaged
Somewhat risible to say no fiscal response last time, even if this one is shaping up to dwarf it. That’s just #Keynesian dinosaurs trying to say only their Master’s nostrums can work.
Worry is, we redo the 30s: lacklustre growth as too big a Boondoggle state exploiting its edge.
Worry is, we redo the 30s: lacklustre growth as too big a Boondoggle state exploiting its edge.
The state runs only the softest of soft budgets, is the most wasteful, least productive, most monolithic, least innovative of spenders. Backed up by a compliant #centralbank -monetary ‘authority’ is now a joke!- that implies lots of (misdirected) demand for not much extra supply
HSR: Keynesian vs. Fiscal Conservatives
Ditulis oleh Ayman Rashdan Wong
(Ini adalah untaian)
Silakan retweet dan like
#Keynesian #Japan #Malaysia #Shinkansen #Ekonomi #Sejarah #Jepun #bullettrain
Ditulis oleh Ayman Rashdan Wong
(Ini adalah untaian)
Silakan retweet dan like
#Keynesian #Japan #Malaysia #Shinkansen #Ekonomi #Sejarah #Jepun #bullettrain
Den perhati je orang debat pasal HSR di alam maya. Den tak ambil port sangat, sebab den tahu perdebatan ini tidak akan selesai dalam masa 2-3 hari.
Perdebatan ini sebenarnya melambangkan pertembungan dua fikrah ekonomi yang berbeza: satu mementingkan penggunaan perbelanjaan defisit (deficit spending) untuk merangsang ekonomi, satu lagi menekankan perbelanjaan berhemah (austerity) untuk tujuan kemapanan ekonomi.
