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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr Jul 5
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    Poll: What do you think of MMT?

    12:55 PM - 5 Jul 2020
    • 1 Retweet
    • 2 Likes
    • Nick Pinkston 🌐 Justin Czyszczewski
    13 replies 1 retweet 2 likes
      1. Mathieu Hélie‏ @mathieuhelie Jul 5
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        Replying to @vgr

        Too much “Hamilton”.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Bronwyn Williams‏ @bronwynwilliams Jul 5
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        Replying to @vgr

        Dangerous idea that’s time has come. It’s the flip-side of UBI. Neo-Keynesian financial socialism needs a giving hand as well as a taking hand. It’s going to be *really* popular in political circles though, so get to know it.

        1 reply 0 retweets 1 like
      3. Venkatesh Rao‏ @vgr Jul 5
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        Replying to @bronwynwilliams

        😭

        1 reply 0 retweets 1 like
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      1. New conversation
      2. Steve Faktor‏ @ideafaktory Jul 5
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        Replying to @vgr

        Steve Faktor Retweeted Steve Faktor

        A thread on problems with MMThttps://twitter.com/ideafaktory/status/1100436533151256577?s=20 …

        Steve Faktor added,

        Steve Faktor @ideafaktory
        I'll let @paulkrugman handle MMT's explicit problems. Mine are with its implicit presumptions: 1—We know how to manage long term vs short term 2—Global interdependencies don't matter 3—permission for uncapped spending 4—ignoring effect of aging 5—We can control inflation post-MMT
        Show this thread
        2 replies 1 retweet 4 likes
      3. Pasayten‏ @Oneevol Jul 5
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        Replying to @ideafaktory @vgr

        MMT is a silly idea. But wheres the alternate vision for people to sign on? The current system is clearly bullshit, and just arguing against MMT comes across as arguing for the status quo. That's a doomed strategy.

        1 reply 0 retweets 0 likes
      4. Show replies
      1. Don‏ @goldblatchikens Jul 5
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        Replying to @vgr

        I know what it is but wtf is mmt better fits my knowledge 😂

        0 replies 0 retweets 1 like
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      2. Nick Pinkston  🌐‏ @NickPinkston Jul 5
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        Replying to @vgr

        I think that MMT is an interesting reframe with two major truths: (1) It's the real economy stupid, and (2) monetary/fiscal policy is just fiat power by abstracted means.

        1 reply 0 retweets 1 like
      3. Nick Pinkston  🌐‏ @NickPinkston Jul 5
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        Replying to @NickPinkston @vgr

        My interactions with their community have been pretty poor so far. It seems like MMT is adding epicycles to essentially do automatic Keynesian spending (via jobs guarantee, etc.) / taxing the rich / externalities.

        3 replies 0 retweets 1 like
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      2. Christopher G‏ @galtenberg Jul 5
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        Replying to @vgr

        Aren’t answers B&C highly overlapping? Vote for “Unsure, worth 20-year experiment” Probably not that much different than current debt payments via new sovereign debt for nations > 100% GDP debt. Japan should go first.

        1 reply 0 retweets 0 likes
      3. Name Cannot Be Blank‏ @Kibbo86 Jul 5
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        Replying to @galtenberg @vgr

        They kinda already have

        0 replies 0 retweets 0 likes
      4. End of conversation

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