Discover and read the best of Twitter Threads about #MichaelHudson
Most recents (5)
The tacit contract between the @WSJ and its readers is: ideology on the editorial page, reality in the news pages. Money talks, bullshit walks. Reality's well-known anticapitalist bias means hewing too closely to ideology will make you broke, and unable to push your ideology.
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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/2023/06/04/vul…
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pluralistic.net/2023/06/04/vul…
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That's why the editorial page will rail against "printing money" while the news section will confine itself to asking which kinds of federal spending competes with the private sector (creating a bidding war that drives up prices) and which kinds are not.
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The Biden administration keeps proving that personnel are policy. Biden himself is a kind of empty vessel into which different wings of the Democratic party pour their will, yielding a strange brew of appointments both great and terrible. 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/2023/03/06/per… 2/
pluralistic.net/2023/03/06/per… 2/
On the one hand, you have progressive appointments like #JonathanKanter at @JusticeATR and @linakhanFTC at the @FTC, leaders who are determined to challenge and curb corporate power:
pluralistic.net/2022/01/10/see… 3/
pluralistic.net/2022/01/10/see… 3/
The US Federal Reserve has two imperatives: keeping #employment high and #inflation low. When these conflict - when unemployment goes near-zero - the Fed forgets all about #FullEmployment, cranking #InterestRates to "cool the economy" (AKA "increasing #unemployment"). 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/2023/01/19/cre… 2/
pluralistic.net/2023/01/19/cre… 2/
An economy "cools down" when workers have less money, which means that the prices offered for goods and services go down, as fewer workers have less money to spend. 3/
GreatAwakeningHk:
國際貨幣基金組織IMF
世界銀行 World Bank
如何利用糧食作為控制
其他國家及其他政府的 #武器
一語道破。何等悲哀的現實：
「#全球農業政策 和
#第三世界國家債務 的痛苦#真相」
當今世上 #最邪惡的組織：
～#世界銀行(#WorldBank)
～#國際貨幣基金組織(#IMF)
國際貨幣基金組織IMF
世界銀行 World Bank
如何利用糧食作為控制
其他國家及其他政府的 #武器
一語道破。何等悲哀的現實：
「#全球農業政策 和
#第三世界國家債務 的痛苦#真相」
當今世上 #最邪惡的組織：
～#世界銀行(#WorldBank)
～#國際貨幣基金組織(#IMF)
(1/4) Is it #Russia or the #UnitedStates that’s overreaching? I hoped, when I voted for him, that age could have made @POTUS wiser as a leader -- but flaws remain -- a Cold Warrior conditioned by the past, despising #Putin with insults and accusations that require diplomacy.
(2/4) Presidency under siege, @POTUS sticking to worn-out @HillaryClinton-neocon playbook of the new, hawkish Democratic party. Pushing #NATO and #sanctions to new levels of risk in order to maim Russia at practically any cost short of WWIII - though (god forbid) that may change.
(3/4) Please see this devastating deep-state analysis of the U.S. economy by @profwolff and #MichaelHudson. Wordy but worth it, it sticks with me as true to the present world. Very interested in your reactions. consortiumnews.com/2022/03/31/rea…
