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eigenrobot's profile
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@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
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    1. eigenrobot‏ @eigenrobot 19 Mar 2020

      eigenrobot Retweeted Max Berger

      this is wow need to think about thishttps://twitter.com/maxberger/status/1240458828107386881 …

      eigenrobot added,

      Max BergerVerified account @maxberger
      This #COVID19 proposal out of the house financial committee is really good: - 2k/month per person every month of the crisis - suspension of all mortgages, student loans, credit card and loan payments - prohibit debt collection and repossession - $5b in homeless assistance pic.twitter.com/qX5IOwHWnS
      Show this thread
      17 replies 6 retweets 111 likes
      Show this thread
    2. eigenrobot‏ @eigenrobot 19 Mar 2020

      basically, idea in 1-3 seems to be to having the federal government step in to pay for everything for "the duration of the crisis"

      2 replies 0 retweets 27 likes
      Show this thread
    3. eigenrobot‏ @eigenrobot 19 Mar 2020

      idea seems to be to freeze existing contracts in time and keep payments flowing to avert a consumer debt crisis kicking off a broader financial crisis

      3 replies 0 retweets 32 likes
      Show this thread
    4. eigenrobot‏ @eigenrobot 19 Mar 2020

      also for small businesses which seems likely to mostly help restaurants I think

      1 reply 0 retweets 22 likes
      Show this thread
    5. eigenrobot‏ @eigenrobot 19 Mar 2020

      (I am not a macroeconomist and you should read my analysis in that light)

      2 replies 0 retweets 18 likes
      Show this thread
    6. eigenrobot‏ @eigenrobot 19 Mar 2020

      This seems likely to prevent a lot of the risks I've been worried about for this economic crisis. So, what are the potential risks it introduces?

      3 replies 0 retweets 20 likes
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    7. eigenrobot‏ @eigenrobot 19 Mar 2020

      Seems like a major one is inflation (mostly this would be bad for creditors with existing nominally-denominated debts, which . . . probably fine), although this seems a lesser evil than the alternative deflation

      6 replies 0 retweets 33 likes
      Show this thread
    8. eigenrobot‏ @eigenrobot 19 Mar 2020

      Second one is more serious How long does this support--this enormous Intervention--last? How does it get rolled back? At all, and also in such a way that it doesn't provoke a new crisis? I am extremely uneasy about this component. 🤔🤔

      9 replies 1 retweet 46 likes
      Show this thread
    9. eigenrobot‏ @eigenrobot 19 Mar 2020

      Third is holy shit this is uncharted territory and no one knows what will happen and THAT also makes me nervous

      7 replies 1 retweet 52 likes
      Show this thread
      eigenrobot‏ @eigenrobot 19 Mar 2020

      Anyway stay safe out there.

      9:20 AM - 19 Mar 2020
      • 23 Likes
      • (wannabe) Ƀreaker of (the Bad) Loops Pamela J. Hobart \\GNOME WARRIOR |Fistlosopher| MODE// Rquebus golden phantom (50(1 + sqrt(5))/100) Fifty, Foul, A Sly Drunk Aristotle Magganas
      2 replies 0 retweets 23 likes
        1. New conversation
        2. Liminal Warmth  ❤ ( 📜, 📜)‏ @liminal_warmth 19 Mar 2020
          Replying to @eigenrobot

          Also consider that this would be a strong carrot for indefinite emergency mode Out of emergency, lose your UBI

          3 replies 0 retweets 10 likes
        3. eigenrobot‏ @eigenrobot 19 Mar 2020
          Replying to @liminal_warmth

          exactly

          1 reply 0 retweets 7 likes
        4. Show replies
        1. Circle City Square‏ @ccscales 19 Mar 2020
          Replying to @eigenrobot

          Thanks for sharing and for your thoughts. I feel like once you give someone something, it's often tough to claw it back. I like some of the ideas in the proposal but, I'm an econodummy so, useful to me to see what others think.

          0 replies 0 retweets 0 likes
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