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@SantiagoAuFund If you didn’t have a deep, pervasive fear of them being right you probably wouldn’t spend so much time trying to prove them wrong on social media. Lol

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@ProfSteveKeen This is the kind of answer you give when you sit in your academic bubble and refuse to look at what people actually do in the real world, because of real situations that they’re dealing with, which don’t fit into your theoretical paradigm.

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@TwinCities2030 @PGDynes How stupid does a person actually have to be, to make that kind of comment.

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@BLM_Palestine @caitoz Hamas' only fault was giving Israel the excuse to do exactly what it's always wanted to do.

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@benjamincowen

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@tomaspueyo So to come up with one of your hot takes, you have to grasp for such bullshit technicalities that you fail to even come close to addressing the question that you’re pretending to address. Just embarrassing.

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@TyKeynes @BobMurphyEcon From a theory point of view it’s credit creation all the way. When you look at reality though, and include money & capital markets, and shadow banking, it’s pretty clear that all three are going on.

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@joshbregman @caitoz Of course not. But he's such a prick that it's an exercise in equanimity to see him as anything else.

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@delacruzovich @RnaudBertrand Exactly, they're better at capitalism.

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@Marcus78216830 @RaoulGMI The average is skewed by ridiculously large outliers.

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@GordonJohnson19 @crossbordercap Well, you could always read his book to understand what the definition is, rather than making a wager based on a handful of comments on twitter.

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@GordonJohnson19 @crossbordercap I think Michael is just making a distinction between central bank liquidity (monetary base) versus private sector liquidity (bank and shadow bank credit), and pointing out that your chart only addresses the former, smaller contribution, rather than saying it should be ignored.

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@RnaudBertrand Australian politicians who still have skin in the game will dance around a point just as well as anybody else. 😂

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@samcallah Take note. The unified ledger is what gives BTC its value - without the existence of its polar opposite, there is far less need for a neutral reserve asset.

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@ELuttwak Pure arrogance.