Discover and read the best of Twitter Threads about #fiscalstimulus

Most recents (3)

A brief 🧵 on why @LHSummers is an arrogant buffoon who, despite a long track record of being massively wrong, still seems to command the respect of policymakers
We can start with #BrooksleyBorn, the prescient head of the @CFTC, who loudly warned of the dangers of the over-the-counter (OTC) #Derivatives market in the 90s: en.wikipedia.org/wiki/Brooksley…
The powerful cabal of @LHSummers, #RobertRubin, and #AlanGreenspan pushed hard against the regulation of derivatives, paving the way for massive financial and human carnage of the #GreatFinancialCrisis pbs.org/wgbh/pages/fro…
Read 13 tweets
Reading all these calls for ‘stimulus’, one wonders, if Constantine XI had had a ‘technology we call the printing press’ would his city not have fallen to the besieging Ottomans in 1453.
Shame he hadn’t heard of Gutenberg’s newly invented gizmo...
#Fed #UST #coronavirus #ECB
“The bad news, Tommy, iss for your ze war iss over. Ze good is, your RAF has parachuted in a packet of £5 notes to ease your captivity”
#coronavirus #stimulus #centralbanks #HelicopterMoney
Imagine if, during the Berlin Airlift, General Lucius Clay had not bothered flyng in food and fuel, but had just dropped Greenbacks.

You think Stalin might have chuckled?
#stimulus #coronavirus #COVID2019 #centralbanks #fiscal
Read 9 tweets
Budgetary allocation for #MGNREGA has been slashed from Rs. 71,002 crore in 2019-20 (Revised Estimates) to Rs. 61,500 crore in 2020-21 (Budget Estimates) viz. a fall of Rs. 9,502 crore (-13.4%). URL is indiabudget.gov.in/doc/Budget_at_… #EffectiveDemand
In comparison to #MGNREGA allocation of Rs. 60,000 crore in 2019-20 (B.E.), the rise in allocation in 2020-21 (B.E.) is just by Rs. 1,500 crore (viz. 2.5%). #unionbudget_2020 @newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh
@newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh Headline #retailinflation increased to 4.1% in 2019-20 (Apr-Dec, 2019) as compared to 3.7% in 2018-19 (Apr-Dec, 2018), according to #EconomicSurvey2020. URL is im4change.org/docs/497echapt… #MGNREGA #Budget2020 #FiscalStimulus #RuralDemand
Read 4 tweets

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