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It ain't over till the fat lady...quits having to getting fatter: https://www.wsj.com/articles/new-fed-repos-total-94-45-billion-total-temporary-money-ticks-up-to-187-2-billion-11580828322 …
@michaelsderby@NickTimiraos@DavidBeckworth@jeannasmialekHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Does anyone know on what grounds Chris Waller is listed in the more recent administration documents as being "of Minnesota"?
@1954swilliamson@dandolfaHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Because Shelton was in fact born in California and will represent the San Francisco district, according to the new designation her nomination conforms to the FRA's section 10 requirement.
@sam_a_bell@DavidBeckworth@ctorresreporter@chrisjcondon@jeannasmialek@byHeatherLongPrikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
They must have seen today's Alt-M post coming, to which I've now had to add an addendum. https://www.alt-m.org/2020/02/04/a-fed-geography-lesson/ … Sly devils.
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New announcement here: https://www.whitehouse.gov/presidential-actions/ten-nominations-sent-senate-3/ …. This allows the candidates to satisfy the FRA's section 10 req. that no more than one member of the Board should be from any one Federal Reserve district. 2/-
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Well I'll be a...In it's (1/28) nomination announcement, the administration switched the geographic designations of both of its Fed nominees (Shelton from Virginia to California, Waller from Missouri to Minnesota). Original announcement is here: https://www.whitehouse.gov/presidential-actions/president-donald-j-trump-announces-intent-nominate-individuals-key-administration-posts-26/ … 1/-
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If you plan to follow the coming Fed Board confirmation hearings, you might want to bone-up on your geography first.
@DavidBeckworth@norbertjmichel@lawrencehwhite1@rcwhalen@edstringham@jp_koning@Aarondkleinhttps://twitter.com/CatoCMFA/status/1224699201839386624 …
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Who says there's no place like home? When it comes to confirming Fed Board nominees, not the U.S. Senate! https://www.alt-m.org/2020/02/04/a-fed-geography-lesson/ …
@PeterContiBrown@crampell@NickTimiraos@michaelsderby@vtg2@byHeatherLong@jeannasmialek@JeffCoxCNBCcom@sam_a_bell@greg_ipHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Those who embrace "socialism" must therefore not wonder why others abhor the idea. They may only favor some form of liberal welfare state. But by championing "socialism" they perhaps inadvertently seem to sing the praises of an arrangement that has been a source of untold misery.
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According to the dictionary, and to a century and a half of usage, "socialism" is "a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole." 1/2
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In due course--alas, probably only after doing a lot of damage--many of the new generation of socialists will experience their own "Krondstats."
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It doesn’t seem to occur to some of today’s young socialists that many older former socialists turned against it not because they “sold out” but because they realized they’d been sold a bill of goods. Knowing some history would help.https://twitter.com/graceblakeley/status/1224262654077886467 …
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For you Turkish tweeters, a nice thread summarizing my stance on the desirability of stable NGDP (as opposed to stable inflation).https://twitter.com/althorsword/status/1224104063010246657 …
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File under "Unintended Consequences": new lifeboat requirements imposed after the Titanic sank led to another passenger ship disaster just 3 yrs. later, in which even more passengers died--not in the open sea, but in 20 ft of water in the heart of Chicago!https://www.smithsonianmag.com/history/eastland-disaster-killed-more-passengers-titanic-and-lusitania-why-has-it-been-forgotten-180953146/ …
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If only, instead of a deficit myth, there were a myth deficit.
@DavidBeckworth@michaelsderby@MacRoweNick@NickTimiraos@NathanTankus@dandolfa@vtg2@norbertjmichel@rcwhalen@WilliamJLutherhttps://twitter.com/StephanieKelton/status/1223615136872747008 …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
"Making it more expensive to stockpile wealth...would give the rich an incentive to spend their money, which helps the economy." Can Ms. Bair really not know that investment is itself form of spending, and one that's especially likely to spur growth?https://www.wsj.com/articles/the-republican-case-for-elizabeth-warren-11580428543 …
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Absolutely correct: If present aggregate spending data are infrequent and unreliable, it is because the demand for better data has been lacking. The quantity and quality of data supplied is a function of demand.https://twitter.com/Pat_Horan92/status/1222526709578260480 …
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Bill Mauer, like all too many anthropologists, misrepresents the seminal works by economists concerning the origins of money. https://www.alt-m.org/2016/03/15/myth-myth-barter/ …https://twitter.com/tymoignee/status/1222283231199842305 …
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For anyone wanting the straight dope on the use, and occasional neglect, of the legal requirement that no two Fed Board members be from (or "of") the same Fed district, here it is: https://ylpr.yale.edu/sites/default/files/YLPR/hildabrand_note_finalprod.pdf …
@NickTimiraos@sam_a_bell@DavidBeckworth@PeterContiBrownHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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