Cabin Economics

MBA, BS, MS Cand.; The Scientific Approach to Economics & Investment; MMT, SFC Models, Stats, Projections; Questions & opinions, not financial advice. :)

[Cabin Economics @CabinEconomics]

Point of no return: August 6; Tank Bottom Sept 25 (earliest est.). We better find resolution before then, or 1974 here we come.

[Dirk Ehnts @DEhnts]

Wichtige Erkenntnis für die Rentendiskussion vom gestern verstorbenen Alan Greenspan: Es geht um Ressourcen.
https://t.co/37dFOBqVYN

[Cabin Economics @CabinEconomics]

@wbmosler What a great opportunity to invest new US dollars in renewable alternatives & energy sources that can reduce dependency on imported oil!

[Warren B. Mosler @wbmosler]

Trump is now shamelessly 'doing what it takes' to reverse inventory depletions and the consequential catastrophic supply shock. Darn the ideology, printers go burr, full speed ahead.
It's like trying to pull a plane out of a dive.

[ANGTraders @ANGTraders]

Entering the Most Lucrative (and Ludicrous) Phase of the Bull Market. https://t.co/ABMw8EqZQ8

[Relearning Economics @RelearningEcon]

Roosevelt's 1933 gold order is often portrayed as government theft. In reality, it was an emergency response to a collapsing financial system that was dragging the country deeper into the Great Depression.

By 1933, banks were failing across the United States. Depositors were hoarding gold and currency, credit markets were frozen, prices were falling, and unemployment had reached catastrophic levels. Under the gold standard, every dollar had to maintain a fixed relationship to gold, which severely constrained the government's ability to stabilize the economy. As gold flowed into private hoards, the money supply contracted further, worsening deflation and bankrupting businesses and farmers.

Executive Order 6102 was designed to stop this downward spiral. Citizens exchanged gold for dollars at the official price because policymakers believed restoring spending, lending, and employment was more important than preserving private gold hoards during a national emergency. The subsequent revaluation of gold was not simply a windfall for Washington. It increased the dollar value of the nation's gold reserves and helped expand the money supply at a time when the economy desperately needed liquidity.

The goal was not to eliminate freedom, but to break the deflationary constraints of the gold standard. Under gold, economic recovery depended on maintaining convertibility even if that meant falling wages, falling prices, and mass unemployment. Roosevelt chose recovery over orthodoxy.

The results were far from perfect, but abandoning gold gave policymakers greater room to support banks, finance public works, and stabilize incomes. Industrial production, GDP, and employment all recovered substantially during the years following the gold standard's suspension.

The deeper question is whether the right to hold gold should outweigh society's ability to respond to a depression. Roosevelt answered no. Faced with economic collapse, he prioritized restoring jobs, output, and financial stability over preserving a monetary system that many economists believed had become a straitjacket on recovery.

[Cabin Economics @CabinEconomics]

@BitcoinMagazine Is it really that obvious? This is her get richer quick scheme - she owns a boatload of Bitcoin anonymously- it’s legal embezzlement

[Warren B. Mosler @wbmosler]

@OilandEnergy Trump waited too long to surrender. Too late to pull the plane out of the dive.

[Relearning Economics @RelearningEcon]

"Economics is not the Emperor of the social sciences, but the Humpty Dumpty."

-Steve Keen

[Relearning Economics @RelearningEcon]

🚨 My new working paper out today

I propose a post-Keynesian, system-dynamics alternative to the New Keynesian DSGE model, one that produces business cycles and financial instability endogenously, without rational expectations or microfoundations.

https://t.co/AixvEgVFhJ
🧵1/8

[Cabin Economics @CabinEconomics]

@wbmosler @Polymarket 100%.

[Warren B. Mosler @wbmosler]

@Polymarket That is, Iran can get 'the greatest deal in history' if they let Trump save face. That's another way of saying unconditional US surrender with war reparations to Iran in exchange only for flattery. It's a blank check.
This is Iran's golden opportunity.

[Alan Longbon, MBA @AlanLongbon]

The fiscal flow model is forecasting market end the month higher than they began. The red SPX line follows the green private domestic sector upwards to finish higher.

[Alan Longbon, MBA @AlanLongbon]

A large private sector surplus this month. This starts from a negative base so the fiscal impulse has an even stronger impact on markets than it normally would.

[Cabin Economics @CabinEconomics]

@AlanLongbon We seem…. Par for the course, cumulatively!

[Cabin Economics @CabinEconomics]

Godley’s CFTR remains strong as of Q1 2026… increasing relative to GDP

[Warren B. Mosler @wbmosler]

@Ole_S_Hansen Starting to make a dent in real deficit spending

[Cabin Economics @CabinEconomics]

Rising recession-risk pricing…

[Tony Weston @tonywestonuk]

MMT threatens that entire story.

It shifts the question from:

“Can we afford it?”

to:

“Who gets resources, who gets protected, who gets sacrificed, and who benefits from pretending the government is powerless?” (4/8)

[#MMT #MoralMoneyTime #liftism 1st #liftist @samvega]

@ValaAfshar Yes. An educated populace is a public good and a prerequisite for good government.