Mano Philips

Engineer, Physics Enthusiast

[Dirk Ehnts @DEhnts]

Hayek was not considered a serious thinker in the 1930s. Rightly so.

[Robert Hockett @rch371]

Several things I have pushed on progressive advisees like Bernie for years - e.g., personal asset accounts and prohibiting 'investor' owning of housing - touted by Trump last night. What's up with that? Of course he will blow it, but why do Dems simply GIVE this to him?

[Mano Philips @manophilips]

@goodisanoun @PatriciaNPino @ChrisPacia Outstanding Government Debt (Government created money saved by the Non Government Sector)

[Mano Philips @manophilips]

@Brad_Setser @threadreaderapp unroll

[Richard Hanania @RichardHanania]

My favorite example demonstrating the human capital gap between the parties.

In his second term, Obama appointed Ernest Moniz as Secretary of Energy. He was a professor at MIT known for developing its Energy Initiative and the director of the Laboratory for Energy and the Environment.

Moniz had earned his PhD in theoretical physics from Stanford, and his dissertation used mathematical modeling and quantum mechanics to understand the forces governing nuclear systems.

Trump replaced Moniz with Rick Perry, who had a bachelor's degree from Texas A&M. While enrolled, he received a C in history, a D in principles of economics, and an F in organic chemistry. Perry also received a C in gym and even a D in veterinary anatomy, despite his major being animal science. Perry did so poorly that at one point he was put on academic probation.

His most famous moment in running for president was when he couldn't remember the names of the three agencies he wanted to cut.

Conservatives who talk all the time about the importance of merit should think about this more often.

[Clint Ballinger @clintballinger]

“What should we make of the new Modern Monetary Theory documentary?”
https://t.co/qQfGZQPoNC
#econtwitter

[Steven Hail @StevenHailAus]

Audiences this size for a film about economics? Pretty much the same story everywhere.

Time for distributors and streaming companies to sit up and take note.

#mmt is box office

@FindingMoneyDoc @StephanieKelton

[Rohan Grey @rohangrey]

I've had the privilege to work with @RepRashida on various initiatives, and I've been so consistently impressed and humbled by who she is and how she rolls. Love, support, and solidarity for a Real One who lives their values fearlessly and with integrity every day.

[Steven Hail @StevenHailAus]

'Finding the Money' will shock you and clarify to anyone with an open mind that a problem with getting better policies introduced is down to the leading lights of the economics profession not understanding the monetary system or having an interest in how it works. It is stunning.

[Michael 英泉 Eisen @mbeisen]

I have been informed that I am being replaced as the Editor in Chief of @eLife for retweeting a @TheOnion piece that calls out indifference to the lives of Palestinian civilians.

[Emma McIntosh @EmmaMci]

Here's our file on another remarkable Ford government reversal — the province is walking back directives to expand several cities' urban boundaries, which would have resulted in the loss of thousands of hectares of farmland. #onpoli
https://t.co/E3aRdOhioD

[Eric Tymoigne @tymoignee]

Correct. Student debt held by gov is merely cancelled by keystrokes. Balance sheet effect is:
Asset of gov: -$x
Net worth of gov: -$x

(Note: Net worth of gov is already deeply negative and that does not put any operational limit of the finances of gov)

[Marit Stiles @MaritStiles]

The Official Opposition @OntarioNDP has obtained an internal government briefing note on amendments that the Conservatives unilaterally made to municipal official plans in Waterloo Region, Wellington County, Guelph, Barrie, Belleville & Peterborough in April 2023.

🧵

#ONpoli

[The Nobel Prize @NobelPrize]

2023 physics laureate Pierre Agostini succeeded in producing and investigating a series of consecutive light pulses, in which each pulse lasted just 250 attoseconds. At the same time, his 2023 co-laureate Ferenc Krausz was working with another type of experiment, one that made it possible to isolate a single light pulse that lasted 650 attoseconds.

#NobelPrize

[Stephanie Kelton @StephanieKelton]

“Forgiveness” isn’t the right word. It would be a consolidated balance sheet adjustment to acknowledge that the buyback internalizes the operation. Debit the JGBs from both (BoJ and MoF) balance sheets and move on!

[Jim Al-Khalili @jimalkhalili]

Apropos of today’s Nobel Prize in physics:

There are roughly twice as many attoseconds in one second as there have been seconds passing since the birth of the universe.

[The Nobel Prize @NobelPrize]

“Ten years ago I was kicked out and forced to retire.”

Our new medicine laureate Katalin Karikó (@kkariko) told us how much it means to be awarded the Nobel Prize after a scientific career that has been full of challenges.

Ten years ago, Karikó was still doing all her experiments by hand but today she has been awarded the medicine prize for her research on mRNA, which led to the development of COVID-19 vaccines.

Listen now:

[Mano Philips @manophilips]

https://t.co/vFVUGbsbfW via @thehilltimes

[Dirk Ehnts @DEhnts]

For more than 200 years, federal government spending in the US has been rising. Because the government cannot run out of money and US citizens prefer to save part of their income, a parallel rise in "public debt" results. There is nothing to worry about.
https://t.co/1eufwnXxB9

[Colin D'Mello | Global News @ColinDMello]

March of the Ministers.

As Premier Doug Ford prepares to address the latest Greenbelt developments — his front bench is serving as a backdrop.

#Onpoli