Discover and read the best of Twitter Threads about #fiscalstimulus
Most recents (4)
🧵 Is the American Dream dead? - a tweetstorm
This is a brain dump of .@RaoulGMI's 30+ years of knowledge, how the world works, and how his macro framework fits into it all ⤵️
This is a brain dump of .@RaoulGMI's 30+ years of knowledge, how the world works, and how his macro framework fits into it all ⤵️
1/ There's no denying that we're in a mess!
By the Law of Unintended Consequences, every time we try to fix A, we create problems B, C, D, E, etc.
We hardly understand these new problems unless there's hindsight to connect the dots...
By the Law of Unintended Consequences, every time we try to fix A, we create problems B, C, D, E, etc.
We hardly understand these new problems unless there's hindsight to connect the dots...
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…
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
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
#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
You think Stalin might have chuckled?
#stimulus #coronavirus #COVID2019 #centralbanks #fiscal
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
