Discover and read the best of Twitter Threads about #modernmonetarytheory
Most recents (24)
My latest column for @Locusmag is "Moneylike," about the relationship between money, liabilities and coercion:
locusmag.com/2022/09/cory-d… 1/
locusmag.com/2022/09/cory-d… 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/2022/09/16/non… 2/
pluralistic.net/2022/09/16/non… 2/
For years, economics textbooks have included a "money story": once upon a time, we bartered, trading chickens for cows. This was hard. If the going rate is 8 chickens for a cow and you only need 6 chickens, how could the chicken farmer make change? 3/
Inflation is here, and there are a *lot* of explanations for it. People who worry about the monetary supply blame it on excessive money creation during the pandemic and uppity workers demanding higher wages:
businessinsider.com/elon-musk-remo… 1/
businessinsider.com/elon-musk-remo… 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/2022/06/01/fac… 2/
pluralistic.net/2022/06/01/fac… 2/
Anti-monopolists blame inflation on price-gouging. CEOs in concentrated industries give investor presentations where they chortle, rub their hands, twirl their mustaches, and announce their profits are sky-high thanks to their ability to raise prices:
pluralistic.net/2022/02/02/its… 3/
pluralistic.net/2022/02/02/its… 3/
Daily Bookmarks to GAVNet 04/05/2022 greeneracresvaluenetwork.wordpress.com/2022/04/05/dai…
We cannot believe we overlooked these Majorana discoveries
arxiv.org/abs/2203.17060
#MajoranaFermions, #ResearchResults
arxiv.org/abs/2203.17060
#MajoranaFermions, #ResearchResults
Daily Bookmarks to GAVNet 03/08/2022 greeneracresvaluenetwork.wordpress.com/2022/03/08/dai…
Seeking to Shift Costs to Medicare, More Employers Move Retirees to Advantage Plans | Kaiser Health News
khn.org/news/article/s…
#RetireeHealthInsurance, #Medicare, #AdvantagePlans
khn.org/news/article/s…
#RetireeHealthInsurance, #Medicare, #AdvantagePlans
Down-on-his-luck Peloton founder lists $55M Hamptons mansion at a loss
nypost.com/2022/03/03/pel…
#HumanInterest, #InvestmentPlanning, #FinancialPerformance
nypost.com/2022/03/03/pel…
#HumanInterest, #InvestmentPlanning, #FinancialPerformance
Daily Bookmarks to GAVNet 01/06/2022
greeneracresvaluenetwork.wordpress.com/2022/01/06/dai…
greeneracresvaluenetwork.wordpress.com/2022/01/06/dai…
Issue #36: The Genesis of “Ledger Money” and the Modern Financial System
maroonmacro.substack.com/p/issue-36-the…
#LedgerMoney, #FinancialSystems, #DevelopmentTimeline
maroonmacro.substack.com/p/issue-36-the…
#LedgerMoney, #FinancialSystems, #DevelopmentTimeline
Modern culture blames parents for forces beyond their control | Aeon Essays
aeon.co/essays/modern-…
#culture, #essay, #AdultChildren, #ParentalEstrangement, #blame, #psychology, #responsibility
aeon.co/essays/modern-…
#culture, #essay, #AdultChildren, #ParentalEstrangement, #blame, #psychology, #responsibility
You can't turn around these days without bumping into scary inflation talk, and with reason: asset bubbles, supply chain shocks and energy geopolitics are on their way to wiping out the wage gains eked out by low-waged workers during the pandemic's labor shortage. 1/
If you'd like an unrolled 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/2021/11/20/qui… 2/
pluralistic.net/2021/11/20/qui… 2/
The underlying message of this scare-talk is that we've been too generous with "essential workers," by allowing them to inch a little closer to a living wage, and now it's time to roll that back, for their own good. 3/
Daily Bookmarks to GAVNet 08/27/2021 greeneracresvaluenetwork.wordpress.com/2021/08/27/dai…
Secrets of COVID-19 transmission revealed in turbulent puffs
phys.org/news/2021-08-s…
#COVID19 #AirborneTransmission #turbulence #ResearchResults
phys.org/news/2021-08-s…
#COVID19 #AirborneTransmission #turbulence #ResearchResults
Butterfly effect can double travel of virus-laden droplets
phys.org/news/2021-06-b…
#ButterflyEffect #ComputerSimulations #COVID19 #AirborneTransmission
phys.org/news/2021-06-b…
#ButterflyEffect #ComputerSimulations #COVID19 #AirborneTransmission
Daily Bookmarks to GAVNet 05/02/2021 greeneracresvaluenetwork.wordpress.com/2021/05/02/dai…
Israeli scholars find millions-year-old human traces in ‘Miracle’ Cave
jpost.com/archaeology/is…
#israel #HumanHistory #caves #archaeology #discovery
jpost.com/archaeology/is…
#israel #HumanHistory #caves #archaeology #discovery
Daily Bookmarks to GAVNet 04/23/2021 greeneracresvaluenetwork.wordpress.com/2021/04/23/dai…
I Have Read Thousands of Résumés, and I Have Some Advice
nytimes.com/2021/04/17/opi…
#résumés #writing
nytimes.com/2021/04/17/opi…
#résumés #writing
Daily Bookmarks to GAVNet 04/21/2021 greeneracresvaluenetwork.wordpress.com/2021/04/21/dai…
Planting the Anthropocene’s roots in globalization-Book Review by Wolfgang Lucht
nature.com/articles/d4158…
#anthropocene #globalization #history
nature.com/articles/d4158…
#anthropocene #globalization #history
Lumber frenzy drives up home prices as suppliers can't keep up
bloomberg.com/news/articles/…
#HomePrices #LumberShortages #ConstructionCosts
bloomberg.com/news/articles/…
#HomePrices #LumberShortages #ConstructionCosts
Daily Bookmarks to GAVNet 04/15/2021 greeneracresvaluenetwork.wordpress.com/2021/04/15/dai…
Mathematician Disproves 80-Year-Old Algebra Conjecture
quantamagazine.org/mathematician-…
#algebra #mathematicians #proofs
quantamagazine.org/mathematician-…
#algebra #mathematicians #proofs
Modern Monetary Theory For Conservatives
theamericanconservative.com/articles/moder…
#ModernMonetaryTheory #conservatism #FederalFunding #EconomicPolicies
theamericanconservative.com/articles/moder…
#ModernMonetaryTheory #conservatism #FederalFunding #EconomicPolicies
Biden rightfully calls the $2.2t stimulus package a "once-in-a-generation investment in America," but as @AOC points out, it's not nearly enough - the $40b for housing nationwide would barely cover the bill for NYC alone.
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The country and the Democrats can't afford to smallball this one. The REAL debts we've racked up - infrastructure, health, education and climate - matter far, far more than the "national debt" that goldbug bedwetters never stfu about.
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As @StephanieKelton writes in the @nytimes, the US can't run out of US dollars; debts do not constrain federal spending. Instead, the US government is constrained by resources: available workers, idle factories, raw materials.
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Daily Bookmarks to GAVNet 03/23/2021 greeneracresvaluenetwork.wordpress.com/2021/03/23/dai…
Five tips for understanding and managing your emotions to build flourishing connections
nature.com/articles/d4158…
#EmotionalIntelligence #ProfessionalRelationships #psychology
nature.com/articles/d4158…
#EmotionalIntelligence #ProfessionalRelationships #psychology
Essay on Academic Bullying Full of Misrepresentations
chronicle.com/blogs/letters/…
#academe #bullying #OpEd
chronicle.com/blogs/letters/…
#academe #bullying #OpEd
Daily Bookmarks to GAVNet 03/20/2021 greeneracresvaluenetwork.wordpress.com/2021/03/20/dai…
On the correlation between solar activity and large earthquakes worldwide
nature.com/articles/s4159…
#SolarActivity #earthquakes #correlation
nature.com/articles/s4159…
#SolarActivity #earthquakes #correlation
Larry Sanders on Twitter
UK government borrowing hits February record as virus impact continues
bbc.com/news/business-…
#debt #currency #PublicWelfare #GovernmentSpending #ModernMonetaryTheory
UK government borrowing hits February record as virus impact continues
bbc.com/news/business-…
#debt #currency #PublicWelfare #GovernmentSpending #ModernMonetaryTheory
Daily Bookmarks to GAVNet 03/08/2021 greeneracresvaluenetwork.wordpress.com/2021/03/08/dai…
Lockdowns Do Not Control the Coronavirus: The Evidence
aier.org/article/lockdo…
#COVID19 #lockdowns #effectiveness #DataAnalysis
aier.org/article/lockdo…
#COVID19 #lockdowns #effectiveness #DataAnalysis
To Create Real Change That Lasts, Start With A Majority
digitaltonto.com/2021/to-create…
#SystemsChange #ideas #strategies
digitaltonto.com/2021/to-create…
#SystemsChange #ideas #strategies
Daily Bookmarks to GAVNet 02/22/2021 greeneracresvaluenetwork.wordpress.com/2021/02/22/dai…
Congress' failure to extend the stimulus reveals a broken safety net, but a jobs guarantee could wipe out unemployment for good
businessinsider.com/bards-pavlina-…
#GuaranteedEmployment #SafetyNet #EconomicStimulus #ModernMonetaryTheory
businessinsider.com/bards-pavlina-…
#GuaranteedEmployment #SafetyNet #EconomicStimulus #ModernMonetaryTheory
Accountancy is more likely to be mocked than celebrated (or condemned), but accountants, far more than poets, are the unacknowledged legislators of the world.
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Though "bean counters" are employed by firms, they are notionally bound by a professional code of ethics every bit as serious as the Hippocratic Oath: "count things honestly." Without an accurate accounting of quantities, you can't make good decisions on quality.
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Though accountancy concerns itself with counting things, it is inextricably bound up with the realm of ideas, and accounting conventions (how you account for things) are philosophical matters, not empirical ones.
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Daily Bookmarks to GAVNet 02/01/2021 greeneracresvaluenetwork.wordpress.com/2021/02/01/dai…
Lindsay Simmons on Twitter and ThreadReader
threadreaderapp.com/thread/1355230…
#PartisanPolitics #corporations #investments #stakeholders #elections #legislation #returns #democracy #participation
threadreaderapp.com/thread/1355230…
#PartisanPolitics #corporations #investments #stakeholders #elections #legislation #returns #democracy #participation
Daily Bookmarks to GAVNet 01/20/2021 greeneracresvaluenetwork.wordpress.com/2021/01/20/dai…
The mathematical case against blaming people for their misfortune | Psyche Ideas
psyche.co/ideas/the-math…
#risk #misfortune #mathematics
psyche.co/ideas/the-math…
#risk #misfortune #mathematics
Unlocking 'the shape of water' in mechanisms of antibiotic resistance
phys.org/news/2021-01-m…
#shape #antibiotic #resistance #water
phys.org/news/2021-01-m…
#shape #antibiotic #resistance #water
Daily Bookmarks to GAVNet 12/28/2020 greeneracresvaluenetwork.wordpress.com/2020/12/28/dai…
Albert Bates reviews ‘Designing Regenerative Cultures’
blog.usejournal.com/albert-bates-r…
#sustainability #regeneration #transition #culture #change
blog.usejournal.com/albert-bates-r…
#sustainability #regeneration #transition #culture #change
Tom Atlee’s Review(s) of ‘Designing Regenerative Cultures’
hackernoon.com/tom-atlees-rev…
#sustainability #regeneration #transition #culture #change
hackernoon.com/tom-atlees-rev…
#sustainability #regeneration #transition #culture #change
Daily Bookmarks to GAVNet 12/24/2020 greeneracresvaluenetwork.wordpress.com/2020/12/24/dai…
Interview With Small Cap Expert Genevieve Roch-Decter, CFA
themacromail.substack.com/p/interview-wi…
#investments #advice
themacromail.substack.com/p/interview-wi…
#investments #advice
Daily Bookmarks to GAVNet 11/24/2020 greeneracresvaluenetwork.wordpress.com/2020/11/24/dai…
California Exodus: An online industry seizes COVID-19 to sell the Red State Dream
calmatters.org/economy/2020/0…
#california #COVID19 #emigration
calmatters.org/economy/2020/0…
#california #COVID19 #emigration
The Comparative Impact of Cash Transfers and a Psychotherapy Program on Psychological and Economic Well-being
nber.org/papers/w28106
#EconomicWellBeing #QualityOfLife #CashTransfers #psychotherapy
nber.org/papers/w28106
#EconomicWellBeing #QualityOfLife #CashTransfers #psychotherapy
Daily Bookmarks to GAVNet 09/21/2020 greeneracresvaluenetwork.wordpress.com/2020/09/21/dai…
Entrepreneurial Ecosystem Enabling Organizations rhyme with 21C Complexity | by Simone Cicero | Sep, 2020 | Stories of Platform Design
stories.platformdesigntoolkit.com/entrepreneuria…
#organizations #design #complexity #ecosystem #platform #entrepreneurial
stories.platformdesigntoolkit.com/entrepreneuria…
#organizations #design #complexity #ecosystem #platform #entrepreneurial
Income inequality: RAND study reveals shocking new numbers
fastcompany.com/90550015/we-we…
#income #rand #inequality
fastcompany.com/90550015/we-we…
#income #rand #inequality
Happy #BookBirthday to @StephanieKelton on the publication of her long-awaited "The Deficit Myth," a book that could NOT be more timely in this moment of massive structural unemployment and trillions of free money for the wealthiest among us.
stephaniekelton.com/book/
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stephaniekelton.com/book/
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Kelton is one of the leading proponents of #ModernMonetaryTheory, which describes how money actually works, as a series of accounting flows, and makes some profound observations about the implications of understanding how government spending actually works.
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I've written about Kelton's work before:
pluralistic.net/2020/05/14/eve…
But here's the shortest possible summary I can give:
Money ISSUERS (sovereign states) have a different relationship to money and debt than money USERS (everyone else: people, companies, local governments).
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pluralistic.net/2020/05/14/eve…
But here's the shortest possible summary I can give:
Money ISSUERS (sovereign states) have a different relationship to money and debt than money USERS (everyone else: people, companies, local governments).
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