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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

thenation.com
Joined June 2012

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    1. Leonard Benardo‏ @leonardbenardo1 13 Feb 2021

      One thing this pandemic has taught us is the need to keep “relief” and “stimulus” conceptually distinct projects.

      2 replies 4 retweets 18 likes
      Jeet Heer‏Verified account @HeerJeet 13 Feb 2021
      Replying to @leonardbenardo1

      I think a lot of the mischief Summers has done is he's treated relief as if it were stimulus -- and judged it by those standards to find it too large.

      2:43 PM - 13 Feb 2021
      • 16 Likes
      • ChesapeakeScout Sue K dave platt medievalmvb Nick Lindare Howard Burkett Alex Russell Matt
      2 replies 0 retweets 16 likes
        1. New conversation
        2. warmongers get the stickpin/voodoo doll treatment‏ @a9ymous 13 Feb 2021
          Replying to @HeerJeet @leonardbenardo1

          i'd like one of these geniuses who only think the government should 'give money away' if it acts as a stimulus to explain how well they think shoveling trillions mostly at the top of the economy (and without means tests or even conditions for use) has worked out so far.

          1 reply 0 retweets 1 like
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        2. Inspector Detective Lucky Jim‏ @Raveen4L 13 Feb 2021
          Replying to @HeerJeet @leonardbenardo1

          The true downside of this compartmentalization is that it obscures the mechanisms at work in Keynsian pump priming. The multiplier effect is a form of double, triple, quadruple relief, and so on; the 600 or 1400 dollar payments, taken in the aggregate, generate far more

          1 reply 0 retweets 0 likes
        3. Inspector Detective Lucky Jim‏ @Raveen4L 13 Feb 2021
          Replying to @Raveen4L @HeerJeet @leonardbenardo1

          income beyond the initial disbursement. And Summers knows this (he's Paul Samuelson's fucking nephew!), but his ideological attachments to Hayekian neoliberalism are much stronger than mainstream observers are willing to admit (or capable of understanding).

          0 replies 0 retweets 0 likes
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