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eigenrobot's profile
eigenrobot
eigenrobot
eigenrobot
@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    1. eigenrobot‏ @eigenrobot 16 Oct 2020

      eigenrobot Retweeted Stu Burguiere

      i think about how the history of this period is going to be written sometimes and then i think about how the history of every other period must have been writtenhttps://twitter.com/StuDoesAmerica/status/1316824136283496448 …

      eigenrobot added,

      Stu BurguiereVerified account @StuDoesAmerica
      Andrew Cuomo’s new book is out, a fictional tale in which he proclaims himself master of coronavirus and viral savior of New York. But that’s not even close to true. Let's just go through Cuomo’s actions in the most important month. March. 1/
      Show this thread
      14 replies 24 retweets 273 likes
      Show this thread
    2. Steven Godofsky‏ @sgodofsk 16 Oct 2020
      Replying to @eigenrobot

      just remember that they teach that the great depression was caused by the stock market crash in high school

      10 replies 3 retweets 93 likes
    3. Basil Marte‏ @BasilMarte 17 Oct 2020
      Replying to @sgodofsk @eigenrobot

      Some economist: "Oh well, an unregulated economy sometimes just implodes for no reason (Smoot-Hawley? what Smoot-Hawley?) and needs government regulation." Statesmen (come on, "politician" is undignified): "A prophet! Let's heap rewards on him."https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act …

      1 reply 0 retweets 3 likes
    4. Basil Marte‏ @BasilMarte 17 Oct 2020
      Replying to @BasilMarte @sgodofsk @eigenrobot

      In more detail: Keynes didn't say anything about *how* the government should spend its fiscal stimulus. Not even "this is complicated"; it's completely missing from his theory, the government stimulus is a single variable. What better theory could a politician wish for?

      1 reply 0 retweets 2 likes
    5. Steven Godofsky‏ @sgodofsk 17 Oct 2020
      Replying to @BasilMarte @eigenrobot

      the issue is just that the depression was a monetary phenomenon, the stock market crash was a reaction rather than a cause, and this understanding has been the mainstream economic view for decades and the textbooks haven't caught up to what was conventional wisdom in the 70s

      3 replies 0 retweets 8 likes
      eigenrobot‏ @eigenrobot 17 Oct 2020
      Replying to @sgodofsk @BasilMarte

      ye

      3:31 PM - 17 Oct 2020
      • 2 Likes
      • Dedicating Ruckus Steven Godofsky
      0 replies 0 retweets 2 likes

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