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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      WWII got us out of the Depression in the sense that the Axis threat gave FDR the power to directly force factories to hire people and step up production, to get people into the workforce and trained for trades via the military, to run big government deficits to raise cash, etc

      1 reply 1 retweet 4 likes
    2. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      But it's a massive failure of our politics that we can only do that kind of thing when we're frightened for our lives Big picture, all of that economic power used to blow shit up and burn down buildings was wasted Every person killed was an economic loss

      1 reply 2 retweets 7 likes
    3. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      If you look at WWII through a global lens it was a massive loss of wealth for the world It's just that it also *moved* wealth from the homeowner whose window was broken (the charnel houses of Europe) to the glazier paid to fix it (the US) so we perceived it as positive

      2 replies 2 retweets 8 likes
    4. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      Eisenhower was acutely aware of this, and as our postwar president gave his famous speech about how the "military-industrial complex" robs the rest of the world Small picture, yes, defense moves government spending and creates jobs, but big picture that money is all wasted

      1 reply 2 retweets 6 likes
    5. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      We could be doing literally anything else with the money that went into those jobs to actually make people's lives better overall, we could be using those people's time and talent and labor to build things that feed people or clothe them or house them or entertain them

      1 reply 1 retweet 5 likes
    6. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      The idea that the only way the government can "create jobs" is the war machine is messed up and will constantly ratchet us closer to our own destruction

      1 reply 1 retweet 4 likes
    7. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      Anyway from the econ side of it this is why the ideal form of "stimulus" is just giving money to poor people who will buy things they need with it If that's politically unviable and you must give them jobs, the jobs should be stuff they either want to do or obviously needs doing

      2 replies 2 retweets 5 likes
    8. Jayna‏ @Tuplet 25 Jan 2020
      Replying to @arthur_affect @BootlegGirl @LizardOrman

      I think quantitative easing but give the money to the poor would have been a much better plan for giving away unearned money.

      1 reply 0 retweets 1 like
    9. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @Tuplet @BootlegGirl @LizardOrman

      The problem is we're so averse to "just giving away money" that even when everyone knows it's the right thing to do you have to sneak it in You have to make up some kind of job that needs doing or you have to use the monetary system to sneak it into the economy through the banks

      3 replies 1 retweet 7 likes
    10. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @Tuplet and

      The latter is theoretically much simpler but the whole culture of the banking industry is militant against it, anyone who rises high enough to become chair of a central bank will have been brainwashed into the idea their job is to guard the monetary henhouse from the masses

      1 reply 1 retweet 2 likes
      Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
      Replying to @arthur_affect @Tuplet and

      So you're left with the fiscal side, where in theory you don't have any of the mechanical barriers to action that you do on the monetary side But culturally our politics are primed to screech at you about "increasing the debt" and "handouts to lazy grifters" the same way

      12:06 PM - 25 Jan 2020
      • 1 Retweet
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      • Dr. Ellie Lockhart. Republic serial villain.
      1 reply 1 retweet 1 like
        1. Arthur Chu‏Verified account @arthur_affect 25 Jan 2020
          Replying to @arthur_affect @Tuplet and

          So people like FDR or, more recently, Shinzo Abe keep having to make up bullshit jobs for people to do, which only slows the recovery and sharply limits it (no matter how bullshit the job, the hiring process is a lot harder than just giving out checks)

          0 replies 1 retweet 1 like
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