Thread by @RickSmithShow

Matías Vernengo: It's very unlikely that inflation will get out of hand, especially to the point [that we need a wheelbarrow of money to buy a loaf of bread].
@NakedKeynes @BucknellU

Matías Vernengo: The possibilities of inflation are limited. The real risk of inflation may come from the recovery itself. The pandemic was a peculiar type of crisis. There's a scarcity of some supplies, like computer chips.
@NakedKeynes @BucknellU

Matías Vernengo: I do hope we get into a strong recovery, especially if we do pass an infrastructure bill. I don't think we'll hit full employment immediately.
@NakedKeynes @BucknellU

Matías Vernengo: For all the good ideas the Biden admin has put out so far, it's unlikely we'll regress all the issues from the last 30 yrs in the labor market. Runaway inflation is absolutely preposterous.
@NakedKeynes @BucknellU

Rick: My grandfather told me that his union contract had a part that included raises that happened with inflation, & there was one year when he got two raises because of inflation. Not many people have that protection any more.
#RickShow

Matías Vernengo: My fear is that we won't do enough. It's clearly this push is not just for Repubs but for some in Democratic party as well. The notion we won't be able to pay for infrastructure is an exaggerated fear.
@NakedKeynes @BucknellU

Rick: Republicans weren't complaining about the $1.9 trillion tax cuts for the wealthy.
#RickShow

Matías Vernengo: Investing in infrastructure should be a no-brainer. Any opposition to it is political.
@NakedKeynes @BucknellU

Matías Vernengo: We should talk about ending the filibuster and moving ahead. There will be no votes from Republicans for fiscal expansion.
@NakedKeynes @BucknellU

Matías Vernengo: If we continued with helping people during the pandemic, and we had a strong infrastructure package, we should expect better bargaining conditions for workers. That's a healthy thing.
@NakedKeynes @BucknellU #UnionYes #1u

Matías Vernengo: We saw what happened in AL with the Amazon workers, but we also know what happened behind the scenes to fight the unionization.
@NakedKeynes @BucknellU

Matías Vernengo: The notion that everyone should go back to the labor market & that it's safe should be taken with a grain of salt. Not everyone's been vaccinated yet, we don't have herd immunity. The response to the pandemic last year was botched.
@NakedKeynes @BucknellU

Matías Vernengo: Even going to a public university costs a small fortune. We tell people they need a college education, but then they're paying for it for the rest of their lives. I'm okay w/ doing something with the federal gov't to subsidize public educ
@NakedKeynes @BucknellU

Matías Vernengo: The reign of the dollar has not significantly changed, & there's no reason to think it will change any time soon. Globally, US gov't treasuries were considered safe investments. Public debt is safe; it's private debt that's dangerous.
@NakedKeynes @BucknellU