Alan Luchetti

strategic stakeholder (ironic: bureaucratese for vested interest)

[Alan Luchetti @AlanDownunder]

@elonmusk The ones least concerned about the white on black are the ones who most squeal about the black on white.

[Alan Luchetti @AlanDownunder]

@KarimEwaida @abierkhatib Christian Zionism began as an antisemitic scheme to entice the Jews out of the neighbourhood.

[Tarric Brooker aka Avid Commentator 🇦🇺 @AvidCommentator]

'The politics of house prices: Damned if you do, damned if you don’t'

"If home affordability was the central aim of Labor’s budget changes, then property prices have to fall."
https://t.co/G2hKKmqPEs

[Cameron Murray @DrCameronMurray]

FET Thursday Throwback:
Deceptive debt burdens

“Our grandchildren will inherit the government's debts” is a common phrase. But it is wrong, and economists should point that out. But many still believe it.

https://t.co/sb5L16RmbD

[Alan Luchetti @AlanDownunder]

@_JasonLT Coming down where there are static and moving feet you could likely land on. What do you do?

[Alan Luchetti @AlanDownunder]

@TheHumanSpoon @GlassJet @TweetForTheMany @litewhisperer @PhilArmstrong58 @neocentrist @HenricCont Indeed

[Alan Luchetti @AlanDownunder]

@PaulineHansonOz Pauline, without Kelly and all the other Murdoch minions, you’d be nowhere. Sure, they thought they were playing to the coalition base when they were building your base but you still owe them.

[Alan Luchetti @AlanDownunder]

@JJKALE2 @PeterCronau Albo’s gift to antisemitism.

[Alan Luchetti @AlanDownunder]

@MarKouezEnEmSav @bfmbusiness Cela ne peut se produire que si l’électricité produite à partir de sources renouvelables coûte moins cher que celle produite par le nucléaire. D’autant plus qu’il est plus facile d’ajuster la production des énergies renouvelables que celle du nucléaire.

[Alan Luchetti @AlanDownunder]

@codepink @caitoz So? Outsource it to Israel.

[CODEPINK @codepink]

BREAKING: The House just passed a resolution to end the war on Iran by a vote of 215-208.

Just 3 months into the war, this is the earliest that a chamber of Congress has ever voted to reject an active conflict in U.S. history.

[Sam Levey @SamHLevey]

Why does money have the value that it has? This is a surprisingly difficult question in economics.

In some newly-updated work, I formalize the answer to this question that comes from Modern Monetary Theory (MMT), but using standard mainstream modeling techniques.

[Alan Luchetti @AlanDownunder]

@RafelCarretero National wiring reserves for when electrification exhausts supply copper and silver

[Alan Luchetti @AlanDownunder]

@fflorescpa @GlassJet @litewhisperer Govt spends. Legislature approves, Tsy directs, Fed spends.

Preaching money as asset to all — as some commodity-like substance inside every liability/asset pair — will be parroted by anyone who thinks bank deposit liability (let alone TGA self-liability) is stuff deposited.

[Alan Luchetti @AlanDownunder]

@fflorescpa @GlassJet @litewhisperer Borrowing from Fed
⬆️ non-govt borrower liability
⬆️ govt reserve liability to non-govt
No bonds involved.
No pre-existing liability.

“Borrowing” from Tsy
⬆️ Tsy liability to non-govt
⬇️ Fed liability to non-govt
Reserves liability is pre-existing.

[Alan Luchetti @AlanDownunder]

@TheHumanSpoon @GlassJet @TweetForTheMany @litewhisperer @PhilArmstrong58 @neocentrist @HenricCont “Add to”???

A decrease in commercial bank’s deposit acc liability to bond buyer is matched by a decrease in central bank’s reserve acc liability to commercial bank.

The only increase is in treasury bond liability.

The increase and decrease in govt liability cancel out.

[Mike Carlton @MikeCarlton01]

It’s a podcast on autism. But still the Jewish lobby demands to cancel Grace Tame… or anyone they don’t like. The arrogance is next level.

https://t.co/7rU8MzXjmT

[Alan Luchetti @AlanDownunder]

@DaniMayakovski An antisemitic desire for Jews to be somewhere else found polite and productive expression in Christian Zionism. It took some creative biblical interpretation but it worked a treat.

[Alan Luchetti @AlanDownunder]

@TheDemSlayer @POTUS I’d be upset if the Gulf was the Gulf of Mexico.

[Malcolm Reavell @malcolm_reavell]

7. People are forced into private pensions because the UK state pension is so poor. Govt doesn't "borrow" that which it issues. Govt bonds are there to offer a safe, guaranteed investment on surpluses that accrue as a result of prior govt spending.