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HeerJeet's profile
Jeet Heer
Jeet Heer
Jeet Heer
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@HeerJeet

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Jeet HeerVerified account

@HeerJeet

1. Writer, The Nation https://www.thenation.com/authors/jeet-heer/ … 2. email: jeetheer1967 at gmail dot com 3. Twitter essayist 4. Drawn by Joe Ollmann

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Joined June 2012

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    1. Jeet Heer‏Verified account @HeerJeet 13 Mar 2020

      Jeet Heer Retweeted Jim Stanford

      Excellent analysis, relevant not just to Canada. The point about the merits of deficit spending in a period where rates lower than inflation is crucial.https://twitter.com/JimboStanford/status/1238580327137726464 …

      Jeet Heer added,

      Jim Stanford @JimboStanford
      My column for #PEF on the economic consequences of #COVID19, the nature & dimensions of the needed response, and how it could be a turning point in how we organize our economy: http://www.progressive-economics.ca/2020/03/13/economic-respone-to-pandemic-go-big-go-fast/ … @ccpa
      1 reply 17 retweets 51 likes
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    2. Jeet Heer‏Verified account @HeerJeet 13 Mar 2020

      "Gov't of Canada can now issue 30-year bonds for well below 1% annual interest. That is negative in real terms (ie. lower than inflation). So quite literally, the government will SAVE money by borrowing more (paying back less in real terms, after 30 years, than they borrowed)"

      1 reply 24 retweets 75 likes
      Show this thread
      Jeet Heer‏Verified account @HeerJeet 13 Mar 2020

      One big problem is that Keynesian economics, although obviously true, goes against the intuitive common sense view many people have of economics (that debt is bad). It's incumbent on policy makers and analysts to fight against this cloudy thinking.

      5:36 PM - 13 Mar 2020
      • 16 Retweets
      • 60 Likes
      • Thomas Zimmer Why Are You Yelling Chris Get-The-Vax-Intyre Mike Racioppo Beer Browser Sarah J Martin Joshua Carnes Maybe Tomorrow 🌈 Cookies Against Cookie Heads On Sticks
      4 replies 16 retweets 60 likes
        1. ((( Reformed Russian Bot )))‏ @monitoringdaily 13 Mar 2020
          Replying to @HeerJeet

          People assume whats good for them personally, low debt, controlled spending in tough economic times is good for the government. What’s right for government is the opposite of what “feels” right for a person.

          0 replies 0 retweets 2 likes
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        1. M.N. Moore‏ @MNMooreofBoston 13 Mar 2020
          Replying to @HeerJeet

          See: "The Protestant Work Ethic and the Spirit of Capitalism" by Max Weber

          0 replies 0 retweets 1 like
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        1. JF #FBPE #Macron22  🇺🇦  🇪🇺 🇩🇪 🇨🇵 🗽‏ @freeWorld2 13 Mar 2020
          Replying to @HeerJeet @BorisKamenik

          Debts can be bad if too high (Greece). But then there are special times like these now where they are particular good. Debts are not a simple yes/no thing. It's a matter of circumstances and hight in comparison to economic power and taxes.

          0 replies 0 retweets 0 likes
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