Sinophile. Geopolitics. #MMT. FJG. As the currency issuer of USD, US gov can’t ever run out of USD. Read The Deficit Myth by Stephanie Kelton.
United States
Joined August 2017
- Tweets37.8K
- Following1K
- Followers1.1K
- Likes51.5K
Pinned Tweet
One valuable lesson I’ve learned from #MMT is that, for nations like US et al that issue their own free floating non convertible fiat currency, it’s not about finding the $; it’s about how best to manage available resources.
Common sense is not so common retweeted
I've actually used these, you don't need to be old but if you're under retirement 60, you pay a little bit more
Even though I'm a foreigner, I'm entitled to the discount price
China now has 82,000 senior canteens serving over 4 million elderly people every day!
Fresh, balanced meals average about 2 dollars, with extra help for those who need it!
They sit inside neighborhoods so seniors can eat together, or get delivery when they cannot leave home!
This is what happens when a country invests in caring for its people!
@Chinaretold
Common sense is not so common retweeted
The question here is - does Rachel actually know she's talking complete nonsense or does she believe it? Money that doesn't exist?? Issuing public or private credit creates money, a fact confimed by that wacky fringe anarcho-commie organisation called the Bank of England.
“Next year he actually has to find the money that doesn’t exist.”
“There are things the Government can do that aren’t just about tax.”
Rachel Wolf, who co-wrote the 2019 Conservative manifesto and Paul Nowak, TUC General Secretary, discuss the challenge facing Andy Burnham’s government, ahead of next week’s Budget
#Newsnight
Common sense is not so common retweeted
The reason is a debt that France cannot backstop on its own.
France is getting downgraded by every major rating agency at once, and the reason is a deficit it cannot control.
France has blown through the EU's 3% deficit limit every year for the better part of a decade. It hit 9% of GDP in 2020 and still runs around 5.5%, and the government's big new plan is to get the deficit down to 5% by 2027. They are calling that progress.
All five agencies, Fitch, Moody's, S&P Global, DBRS and Scope, have cut France, several of them below AA for the first time in modern history. When a core economy treats a 5% deficit as an achievement, the bond market stops giving it the benefit of the doubt. France is the test case for every government that runs deficits forever.
The Medicare Advantage Bloodbath Has Begun (Check Your Mail) youtu.be/3yLRmJQxia0?is=m2tc… via @YouTube
Common sense is not so common retweeted
In 1975, George Harrison was photographed by Terry O’Neill at Friar Park, the extraordinary estate he had purchased five years earlier.
By then, the former Victorian garden had been transformed into an almost fantastical world of grottoes, ponds, sculptures, gardens, and secret nooks. Harrison devoted years to restoring it and came to regard gardening as a form of contemplation.
The estate also inspired his music. On the album All Things Must Pass, he included “Ballad of Sir Frankie Crisp (Let It Roll),” dedicated to the former owner who had created that unique Victorian universe. Over time, Friar Park became an inseparable part of Harrison’s identity. Years later, he would simply describe himself as “a gardener.”
Common sense is not so common retweeted
Newer Chinese train stations look better than American opera houses.
Wanna see the future? Get a plane ticket to China.
Common sense is not so common retweeted
The only place it CAN come from. The same place every dollar spent comes from: computer keystrokes that credit the bank accounts of those receiving payments. It is all new money creation.
Common sense is not so common retweeted
The fastest growing part of the federal budget--and it's not even close--is interest expenditure. @SquawkCNBC
Common sense is not so common retweeted
Cruising through China at 350 km/h on high-speed rail. You really have to see China to appreciate the incredible development here. "Catching up" belongs to the past...
** Napoleon allegedly (though doubtfully) said, “Let China sleep, for when she wakes, she will shake the world”
Common sense is not so common retweeted
The @WSJ wants you to worry about the federal government's red ink. It would be nice if they bothered to show the black ink that spills onto the private sector's side of the ledger.
Common sense is not so common retweeted
And, of course, it’s “taxpayer money” when it’s something you’re against and “public money” or “federal dollars” when you’re for it. Them’s the rules.
Common sense is not so common retweeted
The question is why do students in the United States need to be taking out loans for higher education? Their counterparts in France pay 350 € a year for tuition and in Germany it’s free. There would be no student debt crisis if tuition stayed constant in real dollars since 1970
Common sense is not so common retweeted
This is an attack on all forms of thought & critical thinking outside the needs of business. College education should be free and fully outside the control of vested interests.
Medicare Cuts that could turn one doctors visit into two separate appoin... youtube.com/shorts/AqZixruwb… via @YouTube
