Post-Monetarist Political Economy

#PMPE is a project that interprets and explains the theoretical and policy implications of #MMT.

[Hayden @the_transit_guy]

“If we build more housing, the price of homes will go down, and homeowners will lose their wealth”

I’m glad the President is admitting something that every homeowner blocking more housing is afraid to say out loud.

[Post-Monetarist Political Economy @DeficitOwl24601]

@gonglei89 @Zackcy Got it, thanks!

[Post-Monetarist Political Economy @DeficitOwl24601]

@gonglei89 @Zackcy Sorry if this is a basic question, but why can't they get enough personnel?

[Post-Monetarist Political Economy @DeficitOwl24601]

@gonglei89 @Zackcy What's the rest of the story?

[Post-Monetarist Political Economy @DeficitOwl24601]

@gonglei89 @Zackcy I thought the low government spending on healthcare in China was because the state owns 90% of the hospitals and keeps the prices low. Is that not correct?

[Laurie Macfarlane @L__Macfarlane]

It’s true that the US’s higher GDP relative to Europe is partly explained by longer working hours rather than productivity.

But there’s another factor that’s often ignored: the US’s poor health and extractive healthcare system 🧵

[Post-Monetarist Political Economy @DeficitOwl24601]

@karenvaites @Phil_Lewis_ @alexanderrusso Damn, this is crazy

[Post-Monetarist Political Economy @DeficitOwl24601]

@frogs4girls If you want something that's considered more "literary" fantasy, check out Tigana.

[Post-Monetarist Political Economy @DeficitOwl24601]

@sweetseaslug Misunderstood the original question. He's fantasy, not sci-fi.

[Post-Monetarist Political Economy @DeficitOwl24601]

@sweetseaslug Guy Gavriel Kay

[Post-Monetarist Political Economy @DeficitOwl24601]

@PAnticant354432 @bf_crane Don't feel awful; it's an objectively good paragraph! Unfortunately, many people who don't like poetic prose or textured language have done a really good job at spreading the message that plain prose is inherently superior, but this isn't true!

[Sam Levey @SamHLevey]

The "banks as intermediaries" view is extremely useful, as long as you are clear on what they intermediate: it's not money, nor saving/investment; it's IOUs. In fact, your basic mental building block for finance should not be "borrowing money," it should be "writing an IOU."

[Mike Fellman @MikeFellman]

If rents fall or all even just flat, returns are bad given the risk of building and operating rental housing. So investment in it collapses.

You can upzone all you want, but if the math doesn't math nobody is gonna build.

(13/13)

[Michener Center for Writers @MichenerCenter]

Happy Pub Day to Carrie R. Moore (MCW '23)! MAKE YOUR WAY HOME (Tin House) is available today!

[CAYimbro @CAyimbro]

Capitalists are finally selling the kind of housing they once fear-mongered as the dystopian endgame of communism as the only solution the market can provide.

[Post-Monetarist Political Economy @DeficitOwl24601]

@orikron @KyleTrainEmoji Thanks!

[Post-Monetarist Political Economy @DeficitOwl24601]

@johanstrauss90 Does 93 gw of solar capacity mean they generate 93 gw of electricity every year or every day?

[Cameron 🇺🇸 🗽🦅 @CameronCorduroy]

no new wars btw

[Post-Monetarist Political Economy @DeficitOwl24601]

@CameronCorduroy Good for you!

[Post-Monetarist Political Economy @DeficitOwl24601]

@CameronCorduroy I'm mad that I know exactly who you're talking about despite my not having been on this site in weeks.