guys he just said "appropriating fiscal space" i think we are making progress. Now, would he still frame this as a "running out of money" issue if he could? of course. But people are realizing that kind of zero sum language is no longer convincing to an informed audience.

How mortgages make you poorer and the rich richer

Appreciation of a financial asset is a relative cost to non-asset holders. It decreases relative wealth share of non-asset holders, meaning that early buyers were able to acquire at a discounted price. Appreciation of assets should not be assumed, much less extrapolated(the past

Says law is just a more confusing and less helpful way of describing mark-to-market accounting. the production of assets with a price is what is used to create demand, not just trinkets. The most accurate and comprehensive way to think about this issue is in terms of the

A few things I've discovered studying economics of wealthy nations: 1) Poverty is a policy choice 2) Homelessness is a policy choice 3) Lack of healthcare access is a policy choice All of these things have clear solutions, and it only requires the political will to do them.

Yeet the BS. Learn MMT.

Sorry, I'd rather live in the 2024 economy than that 1934 economy.

When you realize people asking for deflationary money just want a government handout.

Is this true guys? Is there a ton of bureaucratic and legislative cruft just sitting on the books collecting dust? Even if true, this is a very different concern than "regulation is bad on premise and therefore should not exist." But it still seems a little bit defeatist.

powerful

interest rates are a measure of how much distressed assets are being discounted. Rates rise when markets fail. the average rate of interest is what people are willing to pay to recover their distressed assets, meaning the asset's value exceeds its market price, otherwise people

algorithms

One of the most accurate and generous descriptions of mmt from a non-mmter. Of course not all support price controls, and interest in nationalizing industries depends a lot on the industry(energy, healthcare) and the particular mmter.

The wanton bloodshed in gaza is on us americans and not in particular our leaders. We need to be more informed and understand how to communicate the need for different policy and the harm being done. You cannot have a functioning civil society without a certain level of

motte and bailey for an intellectual defense is based actually.