Discover and read the best of Twitter Threads about #economics

Most recents (24)

We're about to enter a new chapter of capitalism. Where we eliminate labour from the productivity equation. GDP will not be tethered to labour, meaning it will become unbounded. It's gonna get weird fast.
For those looking for more details, I've compiled some thoughts here with my AI:

🧵1/ As #AI drives the cost of knowledge & physical work towards 0, we'll see widespread adoption across industries. 💼🤖 Massive layoffs won't mean a loss in productivity—instead, we'll witness an… twitter.com/i/web/status/1…
🧵1/ As #AI transforms labor markets & drives productivity, it's essential to understand how this may challenge the traditional notions of GDP & capitalism. Let's explore the implications with a balanced view, referencing key economic principles. #Economics #GDP #Capitalism

📉2/… twitter.com/i/web/status/1…
Read 4 tweets
This is a threaded version of Chapter 22:

“Better Off Than Fifty Years Ago?

“Rules Made to Benefit the Wealthy Are Now More Important Than Life”

of *Culture War, Class War 2022: Truth & Generations

by Michael Adzema

THREAD sillymickel.blogspot.com/2017/10/cultur… #history #Blue

CW22 22/1
“[*Chapter 22 text begins:*] So these days you have the attitude, “A dollar laid is a dollar played”; people’s suffering is irrelevant to the game.”

THREAD wp.me/p1C4cs-2HP #history #Blue #economics #Reagan #80s #politics #resist #Republicans #Reaganomics #60s

CW22 22/2
“*Foolin’ the People About History*

“*Obvious “Truths”:*

“*Reagan “saved” America.* [untrue truism]

“*Reagan rescued Americans from an oppressive tax burden.* [untrue truism]

READ/DWL BOOK... drive.google.com/file/d/1ySbhcO… #history #Blue #economics #Reagan #80s #politics

CW22 22/3
Read 139 tweets
#Biden in #Kyiv: Why didn't Russia strike a decapitating blow? | Yesterday, 19:59
- Contrary to previous statements, the main overlord of the Kyiv regime, Joe Biden, came to Kyiv on a visit.
en.topcor.ru/32336-bajden-v…
#Biden Speech LIVE: US President Lands In War-Zone Ukraine | Zelenskyy, Biden Walk Together In #Kyiv
Thread | 20 tweets
#US planned the #war and the #EnergyCrisis in #Europe | Sep 13
#Pressure Mysteriously Plunges in #NordStream1&2 | Sep 27, 2023
#Poroshenko #Minsk was merely a distraction intended to buy #time for #Kiev to #rebuild its #military | Jun 17
Read 38 tweets
If you want to better educate yourself on banking, money, economics, and payments, I highly recommend watching the documentaries below.
#banking #money payments #economy #economics #cryptcorrency

A 🧵 on the best-related documentaries...

Four Part Series. This is Part I.
97% Owned - Economic Truth documentary - How is Money Created
How The Economic Machine Works by Ray Dalio
Read 19 tweets
Robert Louis Stevenson’s #shortstory “The Bottle Imp” was first published (in English) #OTD, 8 Feb 1891, in the New York Herald. It was originally published in #Samoan translation as “O le Fagu Aitu” in the missionary magazine O le sulu Samoa (The Samoan Torch)

A 👿🧵 …
1/8
Interesting for all sorts of reasons—a #Hawaiian protagonist, a strong female character—“The Bottle Imp” is wonderfully elegant, & moves like a Swiss watch. It also contains a paradox, which arguably undermines Rational Choice Theory in #economics
2/8
📷William Hatherell, 1905
Stevenson’s “The Bottle Imp” has inspired a number of spinoffs, from the 2016 opera THE DEVIL INSIDE, by @stuart_macrae & @louisewelsh00
3/8
theguardian.com/music/2016/jan…
Read 9 tweets
1/ Allow me to share a simple spiel with my economist friends about digital currency.

I'll preface this very carefully. A lot of economists love numbers and systems, naturally. Sadly, most of the economists I met analyse things through the lense of the current system.
#economics
2/ Meaning that they will analyse things under the assumption that the underlying framework and mechanisms are the same.

That's fine 99.9% of the time and over time, specialization will do this.

Alas, we are in a time where the framework will be radically changed.
3/ Therefore I ask of you, if you want to play along, to consider things under a principalled or fundamental lense. In essence, what new rules a new framework would entail and then start juggling with these.
Read 33 tweets
Let's learn a few things about Behavioral Economics and Behavioral Science

🧵

#EconTwitter #AcademicTwitter #phdlife @PhDVoice #economics

(1/9)
Behavioral Economics focuses on how behavior affects economic decisions and outcomes, while Behavioral Science focuses on the study of behavior more broadly and its influences across multiple domains.

While they are related, they differ in their scope and focus.

(2/9)
Behavioral economics (BE) emerged as a response to the traditional assumption that people are perfectly rational and make decisions based solely on self-interest. It recognized that people's decisions are often influenced by factors such as framing, heuristics, and biases.

(3/9)
Read 9 tweets
Got questions about how I trade?
Who I am and how I started?
Or what resources I recommend to learn trading?

🧵Check this thread before you ask questions or DM me 👇

Also:
⚠️I never DM first
⚠️Beware of imposters
⚠️I do not manage anyone's money
⚠️I am not selling anything
Frequently used abbreviations in my tweets:
About my trading:
- I am a full time trader trading the US stock markets
- I traded part time for 10 years from 2011-2021 while studying #Economics at the @UChicago
- I have been trading full time since 2 years after graduating from my #PhD at @Yale
Read 13 tweets
This thread is

Ch 5, titled,

“The Prenatal Matrix of “Human Nature”:

“Third Trimester Experience Configures Our “Evil”...

“the Roots of War, Bigotry, Pollution, & Our “Oliver Twist” Economies”

of “Dance of the 7 Veils I”

by Michael Adzema

sillymickel.blogspot.com/2022/11/dance-…

D7V1 5/1
“Dance of the Seven Veils I” by Michael Adzema

is subtitled,

“Primal/Identity Psychology, Mythology, & Your Real Self

“Adult to Toddler, Veils One-Three”

Which is Volume 2 in The Path of Ecstasy Series

READ BOOK… wp.me/pwJJl-1bZ #psychology #OriginsOfEvil

D7V1 5/2
“[*Quotes/highlights:*] “…there are other important characteristics of this time which affect us for life. I have detailed four, in particular.”” []

READ/DWL BOOK… drive.google.com/file/d/1poVJ7I… #psychology #prenatal #OriginsOfEvil #primal #consciousness #HumanNature #PMEs

D7V1 5/3
Read 194 tweets
.@FT's @sarahoconnor_
I also think that making economics more understandable is a worthy endeavour, especially right now....Because the profession suffers from what Andy Haldane, former chief economist at the Bank of England, calls a “twin deficit”, of understanding and of trust.
@FT @sarahoconnor_ "In a UK survey in 2019, 40 per cent of respondents said it had become more difficult to understand economics."
"Part of this is a translation problem. Most economic concepts are not complicated, but they’re couched in a language that makes no sense to people who don’t speak it."
Read 3 tweets
You can be forgiven for thinking the Great #Inflation Story is how a pandemic, a senseless war, and #monopolistic price-gouging temporarily drove up prices, prompting calls to crush workers and suppress wages in order to "reduce demand" for goods:

pluralistic.net/2022/12/14/med… 1/ The old woman in the shoe. ...
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/2023/01/18/wag… 2/
But for all the attention we gave to this transient inflation, there has been precious little alarm over the soaring inflation in #CareLabor - #daycare, #preschool, #NursingHomes and #MedicalServices. 3/
Read 29 tweets
@PwC @PwCUS just released their 2023 Annual Global CEO Survey — here's a thread of the top takeaways from the survey, including the fact that "40% of CEO's don't think their companies will be 'economically viable' in the next 10yrs"... 🧵/👇🏼

#macro #Stockmarket #DataAnalytics
1/🧵 "Roughly 40% flagged the transition to new energy sources and supply chain disruption." @PwC @PwCUS

#macro #Stockmarket #DataAnalytics #commodities #supplychainmanagement #tech
2/🧵 "#inflation and #macroeconomic volatility stand out more prominently than other key threats in the next 12 months than over the next five years." @PwC @PwCUS

#macro #Stockmarket #DataAnalytics #commodities #supplychainmanagement #tech #CPI
Read 11 tweets
(1/11) Is #Blockchain an enabler for sustainable future? Fasten your seatbelts as we’re all set to embark on a deep topic voyage. 🧵 Read more at:

medium.com/zignaly/llts72… Image
(2/11) 💻 #Blockchain is a shared #ledger or repository that computer #subnets may access. It is similar to a #database, but it is secure and #decentralized. #Cryptocurrency systems like #Bitcoin use blockchains to keep a secure and decentralized database of transactions. 🔐
(3/11) 💡Blockchain eliminates a #centralized command structure, allowing #data sharing among parties without needing a centralized system or administrator. It is #secure and #data can't be corrupted or destroyed by anyone with access to the main database. #FinancialTechnology
Read 11 tweets
#McFadden #FederalReserve is a Private Institution, not a GOVERNMENTAL AGENCY

The #CentralBanks Control the Money System and Make Trillions in Interest on the FIAT they print out of thin air

Debt Based Money System With Fractional Reserve Lending of 10:1 is cancer to society. History from an AI report o...
Read 4 tweets
Net Cash Flow is an important metric many investors look at when researching companies.

But do you know that cash flows can be easily manipulated?

Let's see how:

#investing #finance #FinancialFreedom #Accounting
The Cash Flow Statement is one of the three most important financial statements of a company.

The other two being P&L Statement and the Balance Sheet.

Balance Sheet shows us the assets and liabilities of the company and is very important to look at when analyzing cash flows.
Cash position of a company has an inverse relation with Assets and a direct relation with Liabilities.

For e.g., you BURN cash to acquire an Asset. So when Assets increase, the cash position DECREASES.

On the corollary, an increase in Liabilities INCREASES the cash position.
Read 7 tweets
The Correct answer is (D)
(1/3) A corporate tax is a tax levied on the profits of a company/firm, and is paid on a company’s taxable income. Corporate taxes are collected by the government as a source of income.
(2/3)These taxes are based on taxable income, after expenses have been deducted.
Corporation Tax is an appropriation out of profits from business, interest on securities and dividends of the company.
Read 4 tweets
This mornings rant is about #paidfamilyleave in Colorado & how #voters overwhelmingly passed FAMLI

[& employers can now register for CO’s new program finally; employees max 12 weeks of paid leave a yr + 4 additional wks for #pregnancy or #childbirth complications]

#copolitics
Let’s get 1st thing straight - this 🧵 is no insight into the near 15 yrs #advocates fought for #paidfamilyleave at the CO state Capitol before #voters passed it on the #ballot

I, like many folks - came into the advocacy for #FAMLI yrs after lots of fight. Grateful to have it
Many of us worked on the #ballotmeasure in 2020 & #voters approved the program by 57% of the vote ✨ the amount of barriers set in place to #advocate for #paidfamilyleave & #pass it & then #implement it - have been eye opening 👁 to say the least. #copilitics
Read 17 tweets
Why have #schoolvouchers programs persisted and expanded despite a more lopsided base of objective evidence against them than nearly any other current #edpolicy #education initiative?

A few reasons 🧵🪡

1/
First is that today #schoolvouchers activists are directly part of the larger #trump-style revanchist and anti-democratic turn in American politics since Obama’s second term.

Politically their success is intertwined.
2/
But as a policy matter too we see #schoolvouchers linger around even as #education research has tried to place itself in an #evidencebased position to inform policy.

If evidence were all that informed #edpolicy then vouchers would have been dead a decade ago.

3/
Read 13 tweets
Chapter 21 is titled

“The Great American About Face:

“There Was a Time When Kindness Was a Noble Thing; Nightmare Apparent”

of *Culture War, Class War 2022: Truth & Generations*

by Michael Adzema

THREAD… sillymickel.blogspot.com/2017/10/cultur… #Blue #compassion #MeanSpiritedness

CW22 21/1
“[*Chapter 21 text begins:*] “You don’t know what I’m getting at. But this is the indicator of the gradual change in our country that would be missed by those younger than myself.”

THREAD… wp.me/p1C4cs-2HP #Blue #compassion #MeanSpiritedness #FBR #Republicans

CW22 21/2
“I only see this glaring discrepancy because of having lived many years in an America whose values were different, and who thought differently, more compassionately than today.”

READ/DWL BOOK... drive.google.com/file/d/1ySbhcO… #FBR #compassion #Blue #MeanSpiritedness #resist

CW22 21/3
Read 125 tweets
If you want to better educate yourself on banking, money, economics, and payments, I highly recommend watching the documentaries below.
#banking #money payments #economy #economics #cryptcorrency

A 🧵 on the best-related documentaries...

Four Part Series. This is Part I.
97% Owned - Economic Truth documentary - How is Money Created
How The Economic Machine Works by Ray Dalio
Read 18 tweets
"The 21st Century Question: Emergently Engineering the Future"

Follow this 🧵 today and tomorrow for highlights from our 2022 #AppliedComplexity Network and Board of Trustees Symposium:

santafe.edu/events/annual-…

#Web3 #Cities #Polarization #EmergentEngineering #Decentralization
We start with a talk by SFI President David Krakauer:

"Would anyone care to guess why we're so GOOD at building transistors and so CRAP at designing drugs?"

"This thing [points to transistor] lives in a centralized system. This thing [points to cancer drug] lives in US."
"I'm going to pick on economics, because we like to do that at SFI. 'Ooh, look at that cover! So techy. Global, heat maps...' But here's 'Networks' [in the textbook]. THAT'S IT. Here's '#ComplexityEconomics.' NOTHING."
Read 111 tweets
Do you believe there are significant differences between #Economics and #Tokenomics of #web3?

Can we simply apply what we know from #Econ101 to tokens and become successful investors and buidlers?

We asked a Tokenomist to find out! 🧵 👇 Image
#Economics is a social science that studies the production, distribution, and consumption of goods and services that focuses on the behavior and interactions of economic actors and how economies work. Economics is PREDICTIVE: Given rules, what outcome can one expect? Image
#Tokenomics is the study of token supply & demand dynamics, behavioral mechanisms, and incentive design. All characteristics are programmed and the outcomes can be observed transparently on-chain.

Tokenomics is DESIGN oriented: Given desired outcomes, what rules does one create? Image
Read 5 tweets
Chapter 22, titled, “Better Off Than Fifty Years Ago?

“Rules Made to Benefit the Wealthy Are Now More Important Than Life”

Quotes/Highlights THREAD

Fr *Culture War Class War 2022: Truth & Generations*

by Michael Adzema

(published 10/2022)

sillymickel.blogspot.com/2017/10/cultur…

CW22Q 22/1
Quotes/Highlights THREAD

Fr *Culture War Class War 2022:

*Truth & Generations*

by Michael Adzema

(available on website, as wells as a free pdf file, & on Amazon in print & ebook, as of Oct 2022)

READ &/or dwnld entire BOOK free AT SITE...

wp.me/p1C4cs-2HP

CW22Q 22/2
“[*Quotes/highlights:*] “…these days you have the attitude, ‘A dollar laid is a dollar played’; people’s suffering is irrelevant to the game.” []

READ/DWL BOOK... drive.google.com/file/d/1ySbhcO… #Blue #Midterms #ClassWar #resist #Republicans #taxes #FilthyRich #economics

CW22 22/3
Read 50 tweets

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