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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. This Tweet is unavailable.
    2. Arthur Chu‏Verified account @arthur_affect 18 Apr 2020
      Replying to @ArkerHassan @RealRyanWhorton

      Who said anything about "liquidating"? You can just transfer property, it's probably the most robust way to implement a wealth tax Sovereign wealth fund, look it up

      2 replies 2 retweets 16 likes
    3. Arthur Chu‏Verified account @arthur_affect 18 Apr 2020
      Replying to @arthur_affect @ArkerHassan @RealRyanWhorton

      And I did not cause hyperinflation, I counteracted deflation JFC interest rates are at near zero right now and you're terrified on a religious level they'll suddenly explode to 10000%

      1 reply 1 retweet 14 likes
    4. Arthur Chu‏Verified account @arthur_affect 18 Apr 2020
      Replying to @arthur_affect @ArkerHassan @RealRyanWhorton

      Libertarians talk about "hyperinflation" the way fundies talk about God unleashing a Great Flood

      2 replies 3 retweets 20 likes
    5. Baal Ska Tov‏ @mssilverstein 18 Apr 2020
      Replying to @arthur_affect @ArkerHassan @RealRyanWhorton

      This is an excellent observation.

      1 reply 0 retweets 3 likes
    6. amanasleep‏ @ticketdust 18 Apr 2020
      Replying to @mssilverstein @arthur_affect and

      Mostly there are very few proper explanations of how and why hyperinflation occurs and even bleeding edge heterodox macroeconomists struggle to define ordinary inflation. So it’s a stand in for secular apocalyptic fantasies of sudden societal collapse.

      1 reply 0 retweets 2 likes
    7. Baal Ska Tov‏ @mssilverstein 18 Apr 2020
      Replying to @ticketdust @arthur_affect and

      Yeah - what we do know is that it only occurs in extremely rare, awful situations, rather than an instance of an ordinary or even extreme recession combined with a government printing money.

      1 reply 0 retweets 3 likes
    8. Baal Ska Tov‏ @mssilverstein 18 Apr 2020
      Replying to @mssilverstein @ticketdust and

      You might be concerned about policies that lead to high inflation - 10%/year or something - but hyperinflation that ain't.

      2 replies 0 retweets 3 likes
    9. This Tweet is unavailable.
    10. amanasleep‏ @ticketdust 18 Apr 2020
      Replying to @ArkerHassan @mssilverstein and

      This is exactly the kind of misconception that is so difficult to deal with. Inflation only occurs at the price setting step. So long as resources are available the prices don’t get bid up. New money that sits unspent in accounts or bids up financial asset prices don’t inflate.

      1 reply 1 retweet 7 likes
      Arthur Chu‏Verified account @arthur_affect 18 Apr 2020
      Replying to @ticketdust @ArkerHassan and

      We can *see* this because we've been doing quantitative easing for *years* and WE HAVEN'T HAD INFLATION Interest rates are actually dipping into the negative and yet where's all the money flying through the economy and into people's wallets

      8:01 AM - 18 Apr 2020
      • 2 Retweets
      • 13 Likes
      • Cyn Horrible Checkers Lad Appreciator jeremy Cryptic Cryptid First Ray of Spring unfortunate🔰🏴 (he/him) Orman Dr PorcupineGirl Verisa "Mom Mothma" Mirrun
      1 reply 2 retweets 13 likes
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        2. Baal Ska Tov‏ @mssilverstein 18 Apr 2020
          Replying to @arthur_affect @ticketdust and

          Yeah - inflation is actually too LOW. It makes borrowing and lending harder because people are more willing to hold cash and more anxious about going into debt.

          1 reply 0 retweets 7 likes
        3. amanasleep‏ @ticketdust 18 Apr 2020
          Replying to @mssilverstein @arthur_affect and

          Mostly macro inflation is a stupid concept anyway, as the current crisis shows. What’s important is how many ventilators, masks, gowns, doctors, nurses, delivery drivers, entertainers, research labs, food, lives. We can quibble on the prices after we assess the supply capacity.

          1 reply 0 retweets 3 likes
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