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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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    Jeet Heer‏Verified account @HeerJeet May 12

    To some degree, capitalism has always relied on speculative bubbles & ponzi scheme. But they seem to be accelerating recently. Would be curious if there's a way to measure this.

    1:40 PM - 12 May 2022
    • 16 Retweets
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    • Andrzej Kedzior S Olson, B.S, J.D. Asmonight 🏳️‍⚧️ 🇩🇿ⵣ José Carlos Marques Silver 🏳️‍⚧️ Jack Z Gabriel Migowski max your #1 source for absurdist true crime 🐍👑 🌷
    14 replies 16 retweets 171 likes
      1. New conversation
      2. Scott's Robots‏ @scottmonaghan May 12
        Replying to @HeerJeet

        The best way to measure it is to sign up for my new CRYPTO-MEASURE system. It allows any and all things to be measured. You can be a part of it on the ground floor before we ICO. %5000 return guaranteed for all investors who meet the $10,000 investment minimum.

        1 reply 0 retweets 3 likes
      3. Ian C Bell‏ @IanCBell1 May 12
        Replying to @scottmonaghan @HeerJeet

        I'm invoking Poe's Law on this one.

        1 reply 0 retweets 1 like
      4. Show replies
      1. ProfOfIndefiniteArticles‏ @ProfThibodeau May 12
        Replying to @HeerJeet

        'Income dynamism' must be at all time lows for people not born into the upper middle class, so fantasy joins hands with desperation to find work-arounds.

        0 replies 0 retweets 3 likes
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      1. James Xenios Carli  🛶 🚲 🐕‏ @JimCarli May 12
        Replying to @HeerJeet

        pic.twitter.com/pJpGJy6Agm

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      1. Richard McCue‏ @McCueRC17 May 12
        Replying to @HeerJeet

        You might just count them over time, say by bubbles/ 25 years. But then you have to define bubbles. A positive deviation from the rate of increase of the 10 year moving average or more than 50% followed by a crash that returns the rate of change to what was?

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      1. Ed Gresser‏ @EBGresser May 12
        Replying to @HeerJeet

        Probably not a ton of difference over time, and likely not a 'capitalism' vs. 'dirigisme' or 'socialism' thing per se. Galbraith: https://www.amazon.com/History-Financial-Euphoria-Penguin-Business/dp/0140238565 … Mackay:https://www.amazon.com/Extraordinary-Popular-Delusions-Madness-Crowds/dp/1463740514 …

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      1. Dr. Dave Genyáhdë:h  🏳️‍🌈 🪶‏ @DaveAshelman May 12
        Replying to @HeerJeet

        1. The father of modern macroeconomics (Keynes) wrote about how we rely on bubbles in 1936. Also: Robinson, Staffa, even Minsky. 2. Yes - it’s been measured. FRED (St Louis Fed) has every piece of economic data from every source in the U.S. https://fred.stlouisfed.org 

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      1. Chris Henjum‏ @chrishenjum May 12
        Replying to @HeerJeet

        perhaps they're a symptom of the ever-increasing barriers to entry for real businesses, caused by consolidation .. sorta like those studies that found that poor folks somewhat rationally play the lottery because of an ever-increasing lack of economic mobility

        0 replies 0 retweets 3 likes
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      1. Elan Dobbs‏ @elandobbs May 12
        Replying to @HeerJeet

        The gyre is widening, certainly.

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      1. ℱrank ℬennett‏ @fgbjr May 12
        Replying to @HeerJeet

        Put in Law & Economics speak, markets depend on opportunities for exchange. Exchange brings the possibility of gains of trade as well as parasitic rent-seeking. The assumption has been that the former always outstrips the latter as opportunities expand. What if that's wrong here?

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