Bijou Smith

If Feynman was a democratic populist syndicalist socialist, and cool with well-regulated markets for private enterprise.

[Bijou Smith @MathWillSuffice]

It's Clayaiken Time of Year in our household.
But my preferred Xmas movie indulgence is gonna be Once Upon a Time in the West.

... yeah, makes John Wick look like a puerile comedy. (Indeed I did laugh through the whole Wick series.)

[Bijou Smith @MathWillSuffice]

It's Clay Aiken Time of Year in our household.

[Bijou Smith @MathWillSuffice]

@PacMaori You phrkin' disgusting tw4t "pacmaori" (not my whanau). Go tell the rural women in Argentina who built businesses from Jefes y Jefas that, and they'll tear you to shreds (intellectually).

[Bijou Smith @MathWillSuffice]

From the, "Reversion to the disgusting Mean," department.
2001 was when Argentina ran a Job Guarantee Lite (Jefes y Jefas).
The rest of the story is reversion to the disgusting mean of neoliberalism.
https://t.co/Msdtf9UyP6

[Bijou Smith @MathWillSuffice]

From the "Diagnosing a problem but no solution offered," department.
https://t.co/xqoeR94wxY

[Bijou Smith @MathWillSuffice]

Roger Martin with a timeless bit of wisdom.
https://t.co/MwOu4dYU8t
(I'm only doing lazy & quiet twitter now.)

[Bijou Smith @MathWillSuffice]

From the, "It's not about "financing"," nested quotes department.

I like MMT friendlies like Prof Kaboub, but the harsh reality is climate mitigation efforts for the poorer nations have little to do with "financing."
https://t.co/8Hb2V2GVzp

[Bijou Smith @MathWillSuffice]

The Murph with some turf throwing. However...
Phys teaches Newton CM because it works to high approximation. Economics should not teach Neoclassical or Austrian because they have no such good approximation.
It's not about simplicity, it's about accuracy and fitness for purpose.

[Robert P. Murphy @BobMurphyEcon]

@clintballinger But physicists *do* teach Newtonian mechanics. I haven't read your link but I'm just pointing out that physics pedagogy relies on simplistic models to get students warmed up to how the world really works.

[Bijou Smith @MathWillSuffice]

@TyKeynes Blocking on twitter is a serious academic crime, don't you know? All the best intellectual discourse is here.

[Bijou Smith @MathWillSuffice]

Until there is better ownership I'm killing off my twitter addiction such as it is for now. You can find me on substack or https://t.co/qD5NUSzGFh
https://t.co/5FJPO4d5bJ

[Bijou Smith @MathWillSuffice]

From the, "Has anyone said it like this yet?" department:

In seeking to become more like the USA, Argentina is becoming more like Argentina.

[Bijou Smith @MathWillSuffice]

@robert19pearson @argokimetes @real_bedwah @TatianaPierre @grapplerecon @wbmosler BTW, full employment does not mean people working like slaves 40 hours a week.

It means zero people are unemployed in the state currency. They might be working 3 hours a week, or 0.

[Bijou Smith @MathWillSuffice]

[1/2] From the, "Mosler in a Can," department:
Ppl have a human right to work for the good of their community if they wish to. True.

But this is not the MMT point. MMT says ppl have a right not to be left unemployed by poor government policy if they are able to work.

[Bijou Smith @MathWillSuffice]

@robert19pearson @argokimetes @real_bedwah @TatianaPierre @grapplerecon @wbmosler If he knows MMT then he's saying he supports an unemployed labour buffer. If so, gimme another reason to read his book.

No one is saying a full employment program is easy to be nice and awesome, but we might want to make it better than unemployment.

[Bijou Smith @MathWillSuffice]

From the, "Foxes still running the hen house," department:

NZ just got a right-wing monetarist libertarian as Minister for Regulation, David Seymour (sees less). No surprise of course. Stuck it in the model already.

[Bijou Smith @MathWillSuffice]

Gotta pity the Argentinians. First not knowing interest rate hikes produce the inflation, and as blowback (I'd say) they get Milei.

No country so good at rugby & football deserves to be this gigantic natural experiment in extreme government downsizing monetarist lunacy.

[Bijou Smith @MathWillSuffice]

From the, "Hashtag Sad," department:

New Zealand's RBNZ still using DSGE model for "inflation targeting":
https://t.co/RWNWlM5zaM

[Bijou Smith @MathWillSuffice]

[3/] Thing is, under trickle-up it'd still be regressive if the rentiers make all the gains. Gotta euthanize 'em.

[Bijou Smith @MathWillSuffice]

From the, "Macro or Not" department:

It's like discourse is about "The Economy" when it is a highly complex system, and more can do poorly in a "good" macro economy than the number who do well. A lot of the "doing poorly" has to do with policy choice.
[1/3]

[Bijou Smith @MathWillSuffice]

[2/3] There is more than one way to stimulate an economy (obvious).

History shows support for workers is the way to avoid all the gains going to the top One Percent. The rentiers still will get theirs via trickle-up. Currently it is highly regressive trickle-down.

[Bijou Smith @MathWillSuffice]

Novara get something right on currency...

"Bitcoin's actual role is to teach 17 year olds to think like Margaret Thatcher."

The Future of Money Is Terrifying | Aaron Bastani Meets Brett Scott | https://t.co/EzWdWpq8B5