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Carolyn Sissoko proslijedio/la je Tweet
Monetary Policy in Historical Perspective (16th-19th Centuries) conference at the University of Manchester, Oct. 16 (keynote:
@VeldeFrancois). Program now available!https://nofuturepast.wordpress.com/2020/02/02/monetary-policy-in-historical-perspective-16th-19th-centuries/ …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Carolyn Sissoko proslijedio/la je Tweet
Would like to amplify this as much as possible.https://twitter.com/WesleyLowery/status/1224359464150740992 …
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Carolyn Sissoko proslijedio/la je Tweet
I don't think people fully grasp the constitutional danger of this moment. If the Senate were to refuse to call relevant witnesses with direct testimony of grave presidential wrongdoing then we can no longer understand impeachment to be a genuine check on executive overreach.
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Carolyn Sissoko proslijedio/la je Tweet
I am co-organizing with Ina the NBER Summer Institute for IFM. Here is the call for papers. Submission link below. My two cents to lower barrier to entry! Pls retweet widely. http://papers.nber.org/confsubmit/backend/cfp?id=SI20IFM …pic.twitter.com/SFlHCFur7h
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MMT has some good prescriptions for the economy, but I don't agree with all of them. Similarly, my prescription is v different from
@farmerrf's. It is by challenging the assumptions underlying mainstream macro's understanding of money that MMT moves the profession forward. 6/6Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Mainstream macro needs to embrace the idea that in a monetary model there are many inefficient equilibria (
@farmerrf gets this right) and that the task of monetary economics is to figure out how to move the economy towards an better equilibrium. 5/6Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
It is this assumption underlying mainstream macroeconomics that MMT -- very appropriately IMHO -- seeks to challenge. 4/6
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Mainstream monetary theory relies heavily on the assumption that no such monetary space exists. As a result, people who rely on mainstream theory are often unwilling to explore the extent of the monetary space -- implicitly assuming that we are at the limits of that space. 3/6
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NB: this is *not* a point about growth rates over time. Instead of focusing on the well-established fact that when g > r, debt is sustainable, this is a point about the economy *today.* In a network effects model a single r is consistent with many levels of the money supply. 2/6
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What does MMT add to the economic discourse? (Some thoughts stimulated by this article: https://afr.com/wealth/personal-finance/why-you-need-to-know-about-modern-monetary-theory-20200127-p53v13?fbclid=IwAR1u7X-hVDG3nWoiW82P8fPcV89d7ULl-Gq3VkZn-zIBDkht7NcI328nx0M … h/t
@tymoignee) IMHO MMT recognizes that money has network effects. As a result there is often space for the money supply to increase without causing inflation. 1/6Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Carolyn Sissoko proslijedio/la je Tweet
I awoke from my winter slumberhttps://www.cgdev.org/blog/world-banks-uncivil-war-corporate-tax …
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Carolyn Sissoko proslijedio/la je Tweet
Also take a look at these two
@nytimes paragraphs. Republicans have long identified themselves “with economic prosperity,” while Democrats have been “accused of working to keep the poor poor.” This is jaw-droopingly biased and sleazy.pic.twitter.com/8UNTWyjHb7
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Carolyn Sissoko proslijedio/la je Tweet
Think back to a world when volatility in consumer price inflation was greater than that in the S&P500 … think back to the 1980s.
@MorganStanley via@SoberLookpic.twitter.com/esFqIaugnE
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Carolyn Sissoko proslijedio/la je Tweet
.
@ewarren’s competence, respect for others and status as the nation’s first female president would be a fitting response to the ignorance, sexism and xenophobia of the Trump Oval Office, the Register’s editorial board writes.#IAcaucushttps://www.desmoinesregister.com/story/opinion/editorials/caucus/2020/01/26/elizabeth-warren-president-democrat-iowa-caucuses-des-moines-register-editorial-board-endorsement/4562157002/ …Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
"Why do they lie all the time? Because they can. Who is going to stop them? All of us. It will take all of us trumpeting the truth to drown out the drumbeat of lies."https://twitter.com/ElieNYC/status/1220005468086644736 …
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Carolyn Sissoko proslijedio/la je Tweet
New recent scholarship posted on http://justmoney.org : Nuno Palma's "Money and modernization in early modern England" https://justmoney.org/money-and-modernization-in-early-modern-england/ …pic.twitter.com/u20LEmbZMU
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Carolyn Sissoko proslijedio/la je Tweet
A lucid voice at Davos today :
@KatharinaPistor ”Katharina Pistor disagreed:"I don't think we can rely on the goodwill of people working in a very competitive environment," to shift assets into assets more beneficial to wider stakeholder.” Effective regulation is needed!Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Carolyn Sissoko proslijedio/la je Tweet
The Trump / Barr OLC doesn't even bother with the pretense of lawfulness. OLC's memo, dated yesterday, supposedly "memorializes" how in Sept, Oct, & Nov 2019 they advised Trump to ignore subpoenas based upon... Judge Rao's dissent in an unrelated case issued on Dec 13, 2019.
pic.twitter.com/JOW2UFMRWE
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Carolyn Sissoko proslijedio/la je Tweet
Are you interested in 19th and 20th century
#economichistory? The@bankofengland daily account books are digitised and online, starting from 1851!@LSEEcon@LSEEcHist#BoEArchive https://b-o-e.uk/374rxYo pic.twitter.com/vppNp9Zhoc
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Carolyn Sissoko proslijedio/la je Tweet
this
@OsitaNwanevu piece on electability is unsurprisingly thoughtful, eloquent, and dead on https://newrepublic.com/article/156241/electability-poisonous-political-shibboleth …pic.twitter.com/glD2VRSYoq
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