Skip to content
By using Twitter’s services you agree to our Cookies Use. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads.
  • Home Home Home, current page.
  • About

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
MorlockP's profile
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
@MorlockP

Tweets

ⓘ Dogs don't have thumbs

@MorlockP

Two-time Prometheus award-winning hard science fiction author. https://www.amazon.com/dp/B005JPPMS6  Learn how to homestead https://www.amazon.com/dp/B093BC3K1T 

Aristillus Crater, Luna
amazon.com/dp/B005JPPMS6
Joined June 2012

Tweets

  • © 2022 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Alan Cole‏Verified account @AlanMCole 12 Apr 2020

      Alan Cole Retweeted Bad Econ Takes

      If we all had more money (I don't mean houses or machinery or objects or skills or whatever, I mean literal money or federally-guaranteed bonds) our individual balance sheets would be less fragile but we would have a huge number of financial obligations at the federal level.https://twitter.com/BadEconTakes/status/1249433462710218753 …

      Alan Cole added,

      Bad Econ Takes @BadEconTakes
      pic.twitter.com/EB9maAy0QA
      5 replies 0 retweets 28 likes
      Show this thread
    2. Alan Cole‏Verified account @AlanMCole 12 Apr 2020

      There's no way for everyone, government included, to have a *financially* strong balance sheet all at the same time. That is, you can't have a situation where everyone has cash and nobody has obligations.

      13 replies 9 retweets 71 likes
      Show this thread
    3. ⓘ Dogs don't have thumbs‏ @MorlockP 12 Apr 2020
      Replying to @AlanMCole @asymmetricinfo

      ummm ... you're saying "given the initial conditions", right? because we can imagine a different society where people and governments are much more leery about debt, and everyone is debt-free and owns assets outright, yes?

      1 reply 0 retweets 1 like
    4. Alan Cole‏Verified account @AlanMCole 12 Apr 2020
      Replying to @MorlockP @asymmetricinfo

      The currency itself is still a liability of sorts unless you get into barter economy territory. And most physical-stuff-owners still have in-kind "liabilities" of various kinds, unless they happen to be, say, multi-talented farmers hiding out in the rural northeast. ;)

      2 replies 0 retweets 1 like
    5. ⓘ Dogs don't have thumbs‏ @MorlockP 12 Apr 2020
      Replying to @AlanMCole @asymmetricinfo

      > The currency itself is still a liability of sorts unless you get into barter economy territory. is that true, though? I understand the cases where it CAN be true; I know how fractional reserve works and "creates" money, etc. But certainly the entirety of money supply != debt

      1 reply 0 retweets 0 likes
    6. ⓘ Dogs don't have thumbs‏ @MorlockP 12 Apr 2020
      Replying to @MorlockP @AlanMCole @asymmetricinfo

      given that there is constant demand for dollars circulating, just to provide liquidity.

      1 reply 0 retweets 0 likes
    7. Alan Cole‏Verified account @AlanMCole 12 Apr 2020
      Replying to @MorlockP @asymmetricinfo

      It's true there's some amount of $ that will probably never require us to de-circulate itself. Currency is so darn useful that there's some that the federal government will never be obliged to seriously back or destroy. The thing is that amount is small relative to the economy.

      1 reply 0 retweets 1 like
    8. ⓘ Dogs don't have thumbs‏ @MorlockP 12 Apr 2020
      Replying to @AlanMCole @asymmetricinfo

      🤔 relative to the ECONOMY, sure. ...but relative to the amount of currency that the government has actually issued?

      1 reply 0 retweets 0 likes
    9. Alan Cole‏Verified account @AlanMCole 12 Apr 2020
      Replying to @MorlockP

      Here's the monetary base (yes, the graph is incredibly weird and there's a significant regime shift that happens in September 2008 where we hit a discontinuity in lots of functions. But that's a discussion for another day.) It's like $12,000 per capita. https://fred.stlouisfed.org/series/BOGMBASE 

      1 reply 0 retweets 1 like
    10. Alan Cole‏Verified account @AlanMCole 12 Apr 2020
      Replying to @AlanMCole @MorlockP

      If we assume all the monetary base expansion done so far will be demanded forever, it's still not nearly enough to give us all sweet dragon hoards of cash to fund our retirements.

      1 reply 0 retweets 1 like
      ⓘ Dogs don't have thumbs‏ @MorlockP 12 Apr 2020
      Replying to @AlanMCole

      ahhhh, I follow however, I'd argue "yeah, but my retirement is invested in, I dunno, shares of Standard Oil...and Standard Oil shares don't show up on that monetary base graph" ...or do they ? 🤔

      3:10 PM - 12 Apr 2020
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Alan Cole‏Verified account @AlanMCole 12 Apr 2020
          Replying to @MorlockP

          It's not in the monetary base, but it's also not guaranteed money, and it would lose lots of value under the current crisis. So you're still open to getting concern-trolled about not having a strong enough financial balance sheet stocked with cash.

          1 reply 0 retweets 0 likes
        3. ☉rthonormalist‏ @orthonormalist 12 Apr 2020
          Replying to @AlanMCole @MorlockP

          Is there a good further reading on these concepts specifically (currency as debt), rather than just "read about monetary base"

          0 replies 0 retweets 1 like
        4. End of conversation

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2022 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Cookies
        • Ads info