This is true of the entire world
Clint Ballinger retweeted
In my in-process MMT slide deck I have a section comparing Galileo’s heliocentric argument to MMT’s “taxes don’t fund spending”. The first thing I see in @clintballinger’s 1K Castaways is this.
I think I’m going to love this book 🤗
Clint Ballinger retweeted
Education falls within the guardian moral syndrome, not the commercial moral syndrome, (Jacobs 1992, Systems of Survival).
That’s why the best ones always have and always should look like this
Clint Ballinger retweeted
Replying to @AynRand_is_Dead
I’d reply something like this from @clintballinger and look at my watch wondering where they have been since 2019
Clint Ballinger retweeted
Seems kind of obvious that the best possible form of urban living is small streets and 4-5 story dwellings , with lots of street calming and vegetation.
Perfect density but still calm . Incredible walkability but also safe for kids. Mixed use zoning obviously
Somehow we fell in love with towers and bungalows and parking and pedestrianization , huge parks and wide boulevards and the extremes
Clint Ballinger retweeted
“Decades of short-term demand-squashing policies are what have led to our *present* deficit of productive capacity.”
Clint Ballinger retweeted
The Fed can always buy all the Treasury bonds that non-US investors do not want to hold. Apart from a change in the exchange rate in case non-US investors sell $ for other currencies nothing will happen. (If the Fed does its job of managing the US soverign debt market properly.)
scmp.com/economy/economic-in…
“Decades of short-term demand-squashing policies are what have led to our *present* deficit of productive capacity.”
Clint Ballinger retweeted
Why are such a large percentage of extremely annoying academics economists? We need to study the incentive structure of the discipline to understand this.
Clint Ballinger retweeted
Now might be a good time for economists to start brushing up on Wassily Leontief's work.
Forget FOMC etc economists. We need people who understand production & the real economy. Like, yesterday
en.wikipedia.org/wiki/Input%…
Clint Ballinger retweeted
Replying to @samvega
Assume a gun and average the imaginary target holes 🎯
Then try to fix the latter w interest rates
Probably a good time to read again: “Interrelations Between the Treasury and Central Bank: The Case of the United States”
papers.ssrn.com/sol3/papers.…
“Modern Money Theory, and Interrelations Between the Treasury and Central Bank: The Case of the United States”
jstor.org/stable/43905834


























