Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Michael McAteer Profile picture
@Monetarius
Jan 3 • 3 tweets • 1 min read • Read on X
Reagan's defeat of Carter in the 1980 election set the stage for Chicago School monetarism to replace Keynesian post-war New Deal economics.
2021 marks the end of the Friedmanite neoliberal consensus amidst the general precarity brought by a long deflationary depression that announced itself with the financial crisis of 2008. Deficit spending was back in vogue to ease the pain.
Labour is fed up with forty years of stagnant wages. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Michael McAteer

Michael McAteer Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Monetarius

Michael McAteer Profile picture
Dec 8, 2024
Why it was all down hill after 1980 — the Kondratiev long wave of economic activity. Machiavelli said it simply in the 15th C. that the republic becomes unbalanced when the elites, instead of being accommodative of the people, keep too much for themselves. Image
Most people probably assumed that the assassination of United Healthcare's CEO on the streets of Manhattan was by someone who held a personal grudge against the insurer, perhaps someone who was denied a claim or close to someone affected this way.
The collection of evidence including the backpack stuffed with Monopoly money seems to suggest that this crime may be politically motivated. Welcome to an age of anarchy. Are you ready for anarcho-capitalism?
Read 5 tweets
Michael McAteer Profile picture
Oct 15, 2024
Kondratiev in 1927 observed that capitalist economies exhibit a regular long wave of economic activity of between 45-60 years, ending in deflationary depression. The last wave started around 1950 when GDP took off like a rocket.
There were several years of "super-inflation" before it settled back to start an upward trend that culminated in the mid-wave crisis of 1980. The last deflationary depression announced itself with the global financial crisis in 2008. It lasted a decade.
Economists point to nominal statistics to deny it, but social indicators like food bank use, suicide rates, the drop in longevity support this conclusion. Economists said the same thing about The Long Depression that started with a financial crash in 1873.
Read 6 tweets
Michael McAteer Profile picture
Oct 11, 2024
Poilivere's folk libertarianism and much economic commentary from the populist right attempts to revive the stale dated theories of Milton Friedman and "Austrian" economics that tout the superiority of markets to regulate economies when they fail,
...hence their calls to eliminate central banks and limit the role of government. New Keynesians argue that macroeconomic stabilization by the government (using fiscal policy) and the central bank (using monetary policy) can lead to a more efficient macroeconomic outcome...
...than a laissez faire policy would. The Conservatives in Canada are bellowing today of a CBC report that the inequality of income between the higher and lower echelons of earners in Canada has widened, and this is a condemnation of the Liberal government.
Read 4 tweets
Michael McAteer Profile picture
Oct 9, 2024
After fiddling with the hinges on my front door to close the gaps before putting on weather stripping, I've come to the conclusion that Robertson head wood screws suck.
They were invented by a Canadian but the Americans would have nothing of it, preferring the star shaped Phillips head over the square receptacle of the Robertson.
The Robertson screw is one of those instances of Canadian pride, thinking that we've done something better than the Americans. The bias is so extant that I couldn't find flathead Phillips wood screws at either Rona or Home Despot here in Saskatoon — it's Robertson all the way.
Read 5 tweets
Michael McAteer Profile picture
Aug 23, 2024
"Naur" and the phonetician's quest for the "bunched r".
There was a time not so long ago when female Australians were hired as broadcasters in North America, presumably because they sounded "cute" in their unusual accent, but I haven't noticed this phenomenon of late.
This may be because of what the phonetician in this video claims that pronunciation amongst young Australians is becoming progressively, shall we say, distorted.
Read 6 tweets
Michael McAteer Profile picture
Aug 17, 2024
When I see the hostility that residents of Weyburn demonstrated recently towards a wind farm project, I can't help reflect on how attitudes towards wind energy just south of the border in North Dakota are entirely different.
ND currently generates about 40% of their total electrical demand from wind. A large portion of that total is from rural cooperatives who commercialized their wind turbine installations.
Their enthusiasm for wind energy is not due to some inherent left-wing political disposition — ND is a conservative state that has been under Republican administration since 1994, but they are not resistant to federal initiatives to promote the development of renewable energy.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(