Discover and read the best of Twitter Threads about #ModernMonetaryTheory

Most recents (24)

My latest column for @Locusmag is "Moneylike," about the relationship between money, liabilities and coercion:

locusmag.com/2022/09/cory-d… 1/ Sauk County Fair Ticket Booth.   Image: Corey Coyle https://
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2022/09/16/non… 2/
For years, economics textbooks have included a "money story": once upon a time, we bartered, trading chickens for cows. This was hard. If the going rate is 8 chickens for a cow and you only need 6 chickens, how could the chicken farmer make change? 3/
Read 48 tweets
Inflation is here, and there are a *lot* of explanations for it. People who worry about the monetary supply blame it on excessive money creation during the pandemic and uppity workers demanding higher wages:

businessinsider.com/elon-musk-remo… 1/ The classic WPA image of Black out-of-work people standing i
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2022/06/01/fac… 2/
Anti-monopolists blame inflation on price-gouging. CEOs in concentrated industries give investor presentations where they chortle, rub their hands, twirl their mustaches, and announce their profits are sky-high thanks to their ability to raise prices:

pluralistic.net/2022/02/02/its… 3/
Read 43 tweets
Daily Bookmarks to GAVNet 03/08/2022 greeneracresvaluenetwork.wordpress.com/2022/03/08/dai…
Seeking to Shift Costs to Medicare, More Employers Move Retirees to Advantage Plans | Kaiser Health News
khn.org/news/article/s…
#RetireeHealthInsurance, #Medicare, #AdvantagePlans
Down-on-his-luck Peloton founder lists $55M Hamptons mansion at a loss
nypost.com/2022/03/03/pel…
#HumanInterest, #InvestmentPlanning, #FinancialPerformance
Read 13 tweets
Issue #36: The Genesis of “Ledger Money” and the Modern Financial System

maroonmacro.substack.com/p/issue-36-the…

#LedgerMoney, #FinancialSystems, #DevelopmentTimeline
Modern culture blames parents for forces beyond their control | Aeon Essays

aeon.co/essays/modern-…

#culture, #essay, #AdultChildren, #ParentalEstrangement, #blame, #psychology, #responsibility
Read 17 tweets
You can't turn around these days without bumping into scary inflation talk, and with reason: asset bubbles, supply chain shocks and energy geopolitics are on their way to wiping out the wage gains eked out by low-waged workers during the pandemic's labor shortage. 1/ A WWI-era anti-profiteering editorial cartoon featuring an o
If you'd like an unrolled version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2021/11/20/qui… 2/
The underlying message of this scare-talk is that we've been too generous with "essential workers," by allowing them to inch a little closer to a living wage, and now it's time to roll that back, for their own good. 3/
Read 34 tweets
Daily Bookmarks to GAVNet 05/02/2021 greeneracresvaluenetwork.wordpress.com/2021/05/02/dai…
Israeli scholars find millions-year-old human traces in ‘Miracle’ Cave

jpost.com/archaeology/is…

#israel #HumanHistory #caves #archaeology #discovery
Read 10 tweets
Daily Bookmarks to GAVNet 04/23/2021 greeneracresvaluenetwork.wordpress.com/2021/04/23/dai…
I Have Read Thousands of Résumés, and I Have Some Advice

nytimes.com/2021/04/17/opi…

#résumés #writing
Everything You Know About Passwords Is Wrong

fastcompany.com/3041471/everyt…

#passwords #security
Read 10 tweets
Daily Bookmarks to GAVNet 04/21/2021 greeneracresvaluenetwork.wordpress.com/2021/04/21/dai…
Planting the Anthropocene’s roots in globalization-Book Review by Wolfgang Lucht

nature.com/articles/d4158…

#anthropocene #globalization #history
Lumber frenzy drives up home prices as suppliers can't keep up

bloomberg.com/news/articles/…

#HomePrices #LumberShortages #ConstructionCosts
Read 10 tweets
Biden rightfully calls the $2.2t stimulus package a "once-in-a-generation investment in America," but as @AOC points out, it's not nearly enough - the $40b for housing nationwide would barely cover the bill for NYC alone.

1/
The country and the Democrats can't afford to smallball this one. The REAL debts we've racked up - infrastructure, health, education and climate - matter far, far more than the "national debt" that goldbug bedwetters never stfu about.

2/
As @StephanieKelton writes in the @nytimes, the US can't run out of US dollars; debts do not constrain federal spending. Instead, the US government is constrained by resources: available workers, idle factories, raw materials.

3/
Read 30 tweets
Daily Bookmarks to GAVNet 03/23/2021 greeneracresvaluenetwork.wordpress.com/2021/03/23/dai…
Five tips for understanding and managing your emotions to build flourishing connections

nature.com/articles/d4158…

#EmotionalIntelligence #ProfessionalRelationships #psychology
Essay on Academic Bullying Full of Misrepresentations

chronicle.com/blogs/letters/…

#academe #bullying #OpEd
Read 10 tweets
Daily Bookmarks to GAVNet 03/20/2021 greeneracresvaluenetwork.wordpress.com/2021/03/20/dai…
On the correlation between solar activity and large earthquakes worldwide

nature.com/articles/s4159…

#SolarActivity #earthquakes #correlation
Read 10 tweets
Daily Bookmarks to GAVNet 03/08/2021 greeneracresvaluenetwork.wordpress.com/2021/03/08/dai…
Lockdowns Do Not Control the Coronavirus: The Evidence

aier.org/article/lockdo…

#COVID19 #lockdowns #effectiveness #DataAnalysis
To Create Real Change That Lasts, Start With A Majority

digitaltonto.com/2021/to-create…

#SystemsChange #ideas #strategies
Read 8 tweets
Daily Bookmarks to GAVNet 02/22/2021 greeneracresvaluenetwork.wordpress.com/2021/02/22/dai…
The Politics of a Second Gilded Age

jacobinmag.com/2021/02/the-po…

#inequality #politics
Congress' failure to extend the stimulus reveals a broken safety net, but a jobs guarantee could wipe out unemployment for good

businessinsider.com/bards-pavlina-…

#GuaranteedEmployment #SafetyNet #EconomicStimulus #ModernMonetaryTheory
Read 10 tweets
Accountancy is more likely to be mocked than celebrated (or condemned), but accountants, far more than poets, are the unacknowledged legislators of the world.

1/
Though "bean counters" are employed by firms, they are notionally bound by a professional code of ethics every bit as serious as the Hippocratic Oath: "count things honestly." Without an accurate accounting of quantities, you can't make good decisions on quality.

2/
Though accountancy concerns itself with counting things, it is inextricably bound up with the realm of ideas, and accounting conventions (how you account for things) are philosophical matters, not empirical ones.

3/
Read 35 tweets
Daily Bookmarks to GAVNet 01/20/2021 greeneracresvaluenetwork.wordpress.com/2021/01/20/dai…
The mathematical case against blaming people for their misfortune | Psyche Ideas

psyche.co/ideas/the-math…

#risk #misfortune #mathematics
Unlocking 'the shape of water' in mechanisms of antibiotic resistance

phys.org/news/2021-01-m…

#shape #antibiotic #resistance #water
Read 8 tweets
Daily Bookmarks to GAVNet 12/28/2020 greeneracresvaluenetwork.wordpress.com/2020/12/28/dai…
Albert Bates reviews ‘Designing Regenerative Cultures’

blog.usejournal.com/albert-bates-r…

#sustainability #regeneration #transition #culture #change
Tom Atlee’s Review(s) of ‘Designing Regenerative Cultures’

hackernoon.com/tom-atlees-rev…

#sustainability #regeneration #transition #culture #change
Read 8 tweets
Daily Bookmarks to GAVNet 11/24/2020 greeneracresvaluenetwork.wordpress.com/2020/11/24/dai…
California Exodus: An online industry seizes COVID-19 to sell the Red State Dream

calmatters.org/economy/2020/0…

#california #COVID19 #emigration
The Comparative Impact of Cash Transfers and a Psychotherapy Program on Psychological and Economic Well-being

nber.org/papers/w28106

#EconomicWellBeing #QualityOfLife #CashTransfers #psychotherapy
Read 8 tweets
Daily Bookmarks to GAVNet 09/21/2020 greeneracresvaluenetwork.wordpress.com/2020/09/21/dai…
Entrepreneurial Ecosystem Enabling Organizations rhyme with 21C Complexity | by Simone Cicero | Sep, 2020 | Stories of Platform Design

stories.platformdesigntoolkit.com/entrepreneuria…

#organizations #design #complexity #ecosystem #platform #entrepreneurial
Income inequality: RAND study reveals shocking new numbers

fastcompany.com/90550015/we-we…

#income #rand #inequality
Read 8 tweets
Happy #BookBirthday to @StephanieKelton on the publication of her long-awaited "The Deficit Myth," a book that could NOT be more timely in this moment of massive structural unemployment and trillions of free money for the wealthiest among us.

stephaniekelton.com/book/

1/
Kelton is one of the leading proponents of #ModernMonetaryTheory, which describes how money actually works, as a series of accounting flows, and makes some profound observations about the implications of understanding how government spending actually works.

2/
I've written about Kelton's work before:

pluralistic.net/2020/05/14/eve…

But here's the shortest possible summary I can give:

Money ISSUERS (sovereign states) have a different relationship to money and debt than money USERS (everyone else: people, companies, local governments).

3/
Read 23 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!