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The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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    1. Steve Randy Waldman‏ @interfluidity 24 Feb 2020

      Steve Randy Waldman Retweeted Cara Korte

      i hate this stuff. i hate it when warren did it, i hate it when bernie does it, even though these are the two candidates i love. 1/https://twitter.com/CaraKorte/status/1232128676776599553 …

      Steve Randy Waldman added,

      Cara KorteVerified account @CaraKorte
      Here we go! The @BernieSanders campaign just released a list of how they plan to pay for seven of their signature policies including Medicare for All pic.twitter.com/1CCwe7dmN8
      17 replies 74 retweets 296 likes
      Show this thread
    2. Steve Randy Waldman‏ @interfluidity 24 Feb 2020

      it’s the wonk in me that hates it. in order to appease the technocrats, they address a conventional, “serious”, but in fact mostly incoherent criterion (fiscal balance in an accounting sense) with plans that cannot actually “pay for” programs in a substantive sense. 2/

      3 replies 18 retweets 165 likes
      Show this thread
    3. Steve Randy Waldman‏ @interfluidity 24 Feb 2020

      we tax to address a variety of concerns. to address inflation concerns, we must tax the middle class. to address plutocracy and financialization concerns, we must tax the wealthy. these different concerns are not fungible like dollars on an accounting statement. 3/

      6 replies 30 retweets 180 likes
      Show this thread
    4. Steve Randy Waldman‏ @interfluidity 24 Feb 2020

      it’s technocratically shoddy to conflate these different concerns, or imagine fiscal balance can be a summary statistic for them. and yet campaigns issue these “pay fors” precisely to appease high prestige (but low quality) technocrats. it infuriates me. /fin

      10 replies 25 retweets 214 likes
      Show this thread
      Pinboard‏ @Pinboard 24 Feb 2020
      Replying to @interfluidity

      Can you point to a layperson's explanation of what you mean here? It seems like an important point

      9:09 PM - 24 Feb 2020
      • 2 Likes
      • CUNII⅋FORM Navie Hammer
      3 replies 0 retweets 2 likes
        1. ironic inside baseball username‏ @wokeberia 24 Feb 2020
          Replying to @Pinboard @interfluidity

          He's riffing on the the implications of MMT; that in the framework of this theory, 'pay-fors' are not coherent.

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Andrés‏ @ander_van 24 Feb 2020
          Replying to @Pinboard @interfluidity

          I was just going to ask the same question. My interpretation is that the campaign is explaining how to pay for the programs in terms of financial and monetary theory/concepts that make sense to technocrats but apparently aren’t coherent or valid (?). I need a translation ):

          1 reply 0 retweets 0 likes
        3. Steve Randy Waldman‏ @interfluidity 24 Feb 2020
          Replying to @ander_van @Pinboard

          the US government can’t run out of US dollars. it is the source of them. yet it is essential that the US government tax. why? 1/

          2 replies 6 retweets 15 likes
        4. Show replies
        1. New conversation
        2. 黒田 東彦 stan‏ @HarperMitchell 24 Feb 2020
          Replying to @Pinboard @interfluidity

          黒田 東彦 stan Retweeted

          Essentially: the implication that federal revenues must equal federal expenditures is a false standard that hides the actual macroeconomic trade-offs of federal spending https://twitter.com/jeffspross/status/1232170841481326597?s=19 …

          黒田 東彦 stan added,

          This Tweet is unavailable.
          1 reply 1 retweet 7 likes
        3. James A. Robichaux‏ @JamesRobichaux 25 Feb 2020
          Replying to @HarperMitchell @Pinboard @interfluidity

          And claiming, as Sanders unfortunately did, that a wealth tax will "pay for" universal child care makes sense only if you actually believe that oligarchs have armies of childcare workers (or workers that can relatively easily be trained to be childcare workers) at their disposal.

          0 replies 0 retweets 0 likes
        4. End of conversation

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