Nathan Tankus Profile picture
College Dropout. Spent six years in public high schools. Used to talking to the normal working class. Not a fan of your pmc 'anti-wokeism' theories.Abolitionist
Simon 🏴󠁧󠁢󠁷󠁬󠁳󠁿 Profile picture Mark Flowerchild #MMT #RealProgressives Profile picture Vytautas Vakrina Profile picture SalidaDelEuro Profile picture Gray Smith Profile picture 14 added to My Authors
Jun 25 7 tweets 1 min read
When you get any opportunity to see high up Democratic party officials- and the mainstream think tank people who sometimes advise them- up close you realize that there is no one steering this ship. I spent the Obama years realizing this to a greater and greater degree. Do you actually know what a derivative is and don't need a 101 lecture to find out? Than you're more qualified than 99.9% of the staffers who wrote Dodd-Frank.
Jun 22 7 tweets 2 min read
On Monday I was hanging out at John Brown BBQ, as I am wont to do lately, and an Irish VP at an airplane parts manufacturer overheard us talking about the economy and struck up a conversation about interest rates (very funny to do this with me of all people). As I am also wont to do, I ended up drawing out how his investment decision-making process works. He said, roughly, it takes three years to get additional capacity up and running on an already implemented technology and ten years for a new one
Dec 13, 2021 4 tweets 1 min read
It's also like the climate crisis where any suggestion that U.S. elites don't care about either is treated with shocked disbelief because of some pious vague rhetoric espoused about the issue. "Believe science" is meaningless when you spend almost two years pushing for school reopening without improved ventilation or reorganizing schools around outside instruction because childcare stresses are your top concern rather than keeping you and your loved ones alive.
Dec 12, 2021 6 tweets 1 min read
Something which I don't think has been faced up to at all is in the wake of the pandemic is that climate politics needs to not simply pivot to high quality decarbonized social housing but massively improved ventilation everywhere. Pre-pandemic high quality low carbon consumption was premised on mass communal activities to largely replace amenities in your house. The pandemic presents a huge challenge to that politics. The only way to preserve that politics is pivoting to massively improved ventilation.
Nov 5, 2021 6 tweets 2 min read
I would take people condescendingly insulting Occupy better if they showed even the slightest sign of grasping its central point that true democracy can only come from reasoned and sustained deliberation done iteratively with decisions and actions. "Box picking" isn't democracy The way the conversation among both liberals and leftists have evolved around "popularity" after Bernie and the way that those conversations ran face first into race and have dissolved into "try not to talk about race, especially whiteness" has gotten us right back to Occupy
Oct 5, 2021 4 tweets 1 min read
I think a lot of people are deeply confused about the politics of means testing. Just because someone says in a poll that they prefer the means tested option doesn't mean it has any impact on their votes- which is what matters. People don't know how economic policy works. You can means test till the cows come home but they're going to still believe some undeserving non-poor person- who still makes more than them- is getting the benefit.
Oct 4, 2021 5 tweets 2 min read
Rana Foroohar really shows the danger of a lot of the looser "Financialization" narratives that have emerged in the last decade. They can slot in perfectly to a certain kind of right wing outlook where decrying speculation "really" becomes about central banks. From there its a hop, skip and a jump to defending "real" business from both the left and "finance".
Oct 3, 2021 6 tweets 2 min read
No shade to my more liberal antitrust colleagues, but the framing of this around a "lack" of competition is such a big stumbling block. Vertical restraints and buyer side bargaining power is a **competitive advantage**.

We can call it an undesirable or unfair form of competition but that's a very different framing. More bidding in organized showrooms isn't "more competition", its reorienting around a specific form of market governance which **actively benefits** sellers.
Sep 9, 2021 5 tweets 1 min read
In case it isn't clear why this is important, restructuring all of our most important sectors is literally the hardest political economy task in the world. This report uses that as a fig leaf to push against big spending programs on healthcare, education etc. While on a superficial level this report says "austerity" is the wrong approach, by saying increased public spending on its own will just make the problem "substantially worse", it's making the case for cuts (or "regulatory initiatives"+ cuts that disguise the cuts).
Sep 9, 2021 18 tweets 4 min read
This report is nonsense. I'm having a hard time even deciding where to begin its so nonsensical. A) is this "cost disease" or not? The report uses the term constantly but it doesn't seriously use the term as Baumol used it. It even refers to Baumol's conception as "somewhat misleading"! We're already off to a bad start
Sep 3, 2021 4 tweets 1 min read
Been meaning to say this for a while: one important distinction that should be made a lot more is between structure density & people density.I think some people,who are not simply NIMBY reactionaries,take YIMBYish rhetoric to imply that we need every inch^2 filled with buildings. Really though,interspersing some more duplexes in suburbs/some 6 building complexes with a pretty courtyard in the center& a lot of surrounding green space would lead to much higher person density& move us a lot closer to decarbonization without increasing structure density much.
Aug 30, 2021 6 tweets 1 min read
The problem with the financial regulation for climate change discourse is it getting increasingly baroque and further away from the big undiscussed topic: fiscal-monetary-regulatory policy coordination. The purely regulatory focused don't have a macroeconomic framework to situate their thinking in and always horrendously ignore fiscal policy or are on the wrong side on fiscal policy.
Aug 27, 2021 4 tweets 2 min read
Oh man this is such an end of an era. I (of course) disagreed with many of Proyect's views and he is infamous for being a bully at times, but nonetheless he will have a special place in my heart. and it was enjoyable to grab a meal with him in person.

redfortyeight.com/2021/08/27/mar… True story, at the height of the left arguments over Grexit (particularly the IT issues with Grexit) I arranged a dinner with my Dad and Proyect to talk IT shop/reminiscence since they both had decades of experience with mainframe programming. It was a really enjoyable evening.
Jun 13, 2021 8 tweets 2 min read
late night memeing
Mar 27, 2021 4 tweets 1 min read
The flipside, of course, is that they pick and choose what they incorporate and keep to the status quo in places that leftists care about. Immigration and foreign policy are obvious places with little change. But even the lack of lockdowns reflects this. Of course, the other big part is wages. A lot of those macroeconomic ideas are also about a focus on "bottom up" policy and increasing wages at the lowest end the most but our fiscal programs (let alone our minimum wage policy) hasn't yet reflected this.
Nov 29, 2020 22 tweets 4 min read
This paper's analysis of the MMT position isn't very serious.

THREAD:
1) It randomly cites a hodge podge of historical examples without any discussion of one. It relies on readers ignorance and kneejerk reaction that a"token"like a cowrie shell must be"debt free".It's a shell! 2) the discussion of government bonds related to MMT is barely worth commenting on its so bad. No one who says that government securities are a form of money says that they are literally exactly identical to other forms of money.
Oct 23, 2020 7 tweets 3 min read
Finally got around to listening to this and it is excellent. The discussion of the community reinvestment act you never realized you needed. What I especially appreciated about @rmarchiel's analysis is it shows why a digital fiat currency is politically so important. A point that strangely @BCoeure made with @TheStalwart @tracyalloway on oddlots.
Oct 7, 2020 6 tweets 2 min read
Something I've been thinking a lot about lately is people have kept on looking for some "replacement" for the dollar. First the Euro, then the Yen, sometimes some gold-backed (or oil backed?) middle eastern currency. Sometimes Bancor/SDRs, nowadays the Yuan (a decade ago BRICs). but replacing the dollar doesn't make sense without the political shift to a new hegemon and for all the talk (both real and imagined) of the U.S.'s relative decline there's just nothing like it. Moreover, we DON'T WANT a New Hegemon. That would suck.
Jul 2, 2020 21 tweets 8 min read
I really appreciate this very, very generous profile from @petercoy but I do want to disagree with the headline, which is reinforced by the article. I do have a credential- the intersection of my whiteness, maleness and cisness. 1/N That I'm a white cis male who dresses in dress shirts and dress slacks(and have done so since I was 19)has given me a passport into conferences,events and more.I crashed conferences without paying during high school that I would have been barred from if I looked any other way 2/N