Top Tweets for #ejmr
Looking for some Othmar dude. Rumor has it he’s here somewhere. #EJMR #econtwitter #NBER #Pattaya #Othmar #NurembergCode #NBER #Yale #YLS #Harvard
A colleague being harassed on #EJMR had some success contacting the web host. I messaged the web host as well and encourage you to do the same, since if they receive multiple complaints they may take action. Suggested message here. https://t.co/8XriUu7pb6
An observation. Google Trends shows decline in #EJMR use in past year, concentrated in outside-job-market periods. We are on the right track, but we need to provide new channels to substitute for info value of EJMR during job market. https://t.co/IP9Kx1iMLJ
I can't think of a better way to perpetrate domestic abuse than through #EJMR. You could simultaneously isolate your wife and sabotage her career too, all under the guise of anonymity.
NPR's Leila Fadel talks with Stony Brook University professor of economics Stephanie Kelton
https://t.co/kOSxDJw6oj #ejmr #econtwitter
(Some *are* shockingly ignorant: 1990s professors were very good at shielding their grad students from reality-based Econ. It is sometimes draw-dropping what they don’t even know they don’t know)
#ejmr #econtwitter
Claudia Sahm is far too polite.
Her critics are either ignorant or duplicitous.
In fact, I’d say “duplicitous” sums up the entire field of mainstream macro (bc most of them are not ignorant)
#ejmr #econtwitter
“Powell did not unload the docks in Los Angeles, take a second job, give vaccine shots or drill for oil”
https://t.co/uJynZJTJSf #ejmr #econtwitter
“Medieval doctors drew blood; modern central bankers raise interest rates.
The parallel is exact, because the thinking hasn’t changed”
https://t.co/csJ629s04V #ejmr #econtwitter
“Modern Monetary Theory and its relationship to heterodox economics”
https://t.co/CYlfNakovT #ejmr #econtwitter
To be clear- Fed has an up/down lever on *rates*, not the desired Econ dynamic (inflation & employment).
The 1977 joystick below was substantially more sophisticated than the Fed #ejmr
The #FederalReserve uses an Up/Down lever (the 2 interest rate directions).
What is the Fed’s equivalent of the other 6 directions and button of the original Atari joystick?
'physicists do not teach flat Earth theory in university classes, nor do they teach geocentric models of the universe; biology does not teach creationism. These theories are simply *wrong* and have no place in undergraduate teaching" https://t.co/fqybRhynsG #ejmr #econtwitter
“a primarily non-verbal exposition of Modern Monetary Theory. Modern Monetary Theory (MMT) has been the source of some debate recently. Instead of critiquing the literature, I attempt to illustrate the approaches for ‘paleo-Keynesians’” https://t.co/CIA5lnVpVv #ejmr #econtwitter
“Lavoie..argues that post-Keynesian and neo-Ricardian (or Sraffian) economics could be merged into a single paradigm called postclassical economics”
https://t.co/vkLVtZkB1D #ejmr #econtwitter
“Bond Vigilantes”
explained by @wbmosler
"Across the board, we found almost no effect of government spending on inflation. For example, in our benchmark specification, we found that a 10 percent increase in government spending led to an 8 basis point *decline* in inflation." https://t.co/ccHPBzuhNU #ejmr #econtwitter
“In short, the Fed *did* monetise the debt..
..monetisation is a reality of contemporary economies, not a fantasy of MMT authors”
https://t.co/hKZuuJ36d8 #ejmr #econtwitter
@I_read_finance @econ_robinson Wrote a little 3 part history of MMT here just for fun (hence some personal anecdotes) but went ahead & put online.
Ended up hunting down & interviewing Mark McNary, the very very first person w Mosler in early 1990s-UrMMT
Link= PART I
https://t.co/JZcvGNciXI #ejmr #econtwitter
I see a disconnect here.
“MMT has contributed to the drawing of attention to several post-Keynesian ideas and theories that have been neglected for a long time”— https://t.co/XNvCDkbMO8 #ejmr #econtwitter
The Economist: “Has Economics Run Out of Big New Ideas?”
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