Idk Medicare for all would be just as inflationary as a corporate tax cut, a tax cut for the middle class, and a prohibition of an entire industry of white collar employees, many of which but not all that would be hired and receive the same income as before w/o any extra revenue. Doesn’t seem like just fronting that cost would require any pigouvian taxes or VATs or like, making anyone pay partial premiums or co-pays or anything.

Conflict Theory of Inflation - It is everything about inflation.

unz.com/print/MarxismT… "High productivity has not provided a permanent way out—aspirations for higher living standards, both private and social, tend to rise to meet sensed potentialities and the resultant pressures require ever higher rates of productivity increase if they are to be mollified."

The weird thing is how what’s happening is kind of backwards from what happened in 2001 when people were investing in tech companies that appeared forward looking, whereas today all these short squeeze are from companies that don’t seem to be coming up with any new... ...innovations or business models for the new decade in a sort of defiance. Is there any chance that this kind of thing could drive some budget deficit reduction and drive hedge fund managers into debt? Any chance it could almost function like a better stimulus? I mean...

I really do think that there are underlying racist motivations to invoking a normative *anti-bureaucracy* mindset. It’s a vague concept... ...It seems to imply that more people in an operation will just make a process less efficient. When that isn’t the case for economies of...

@PaulMeli1 Fair enough. I know that its absolutely not a constant as monetarists claim. I dont think of it as a useless term though.

We use the terms MPC, MPS, and MPI which describe individuals. i figure money velocity is a term that describes the currency they spend or save. @PaulMeli1 its definitely a conceptual term to me that I don't use math to describe because monetarists just solve for it post hoc and in aggregate.

I think its useful to describe money in paychecks as having high velocity and profit savings in the pockets of the rich having no velocity.

Corporate profits means funds are shifting from high MPC individuals into static money velocity. Capitalists in aggregate make more than... ...they spend. So every dollar of profit is going to result in diminishing returns for the population. That is, if you don’t have loans. ...

@AnalyticD @eddiechu888 @MichaelHaines20 @JamesRobichaux @AlexHowlettUBI So inequality and poverty pretty much combat inflation on their own to an extent. So I understand that crying “inflation” doesn’t sound... @AnalyticD @eddiechu888 @MichaelHaines20 @JamesRobichaux @AlexHowlettUBI ...great. But it is the only constraint to government spending. So in effect, using prog inc tax and JG and expanded in kind and...

VAT as a (bad) automatic stabilizer:

(Thread) 1/17 VAT is an automatic stabilizer just like income taxes. So yanggang, be proud. You did it.

Tax revenues go up when economic activity goes up and down when economic activity goes down.

@YangYouToo okay great. So do you agree that paying money into the economy - deficit expansion - expansion of the money supply via government spending - is counter-deflationary or counter-recessionary? & that the situation also works in reverse to counter inflation when the economy heats up? @YangYouToo That's an important facet of the way the fiscal budget interacts with the macroeconomy. People usually just say the fed has more control w/ credit restrictions & sure, there is some control, but non-discretionary fiscal deficits play a massive roll in recession/inflation control