randomname

[Steve Hall @ProfHall1955]

@Th_Angelopoulos The US has never been civilised. @URealists have been banging on about this for decades. You should read our work. This is an oldie, some basic empiricism. Subsequent work is more sophisticated, investigating what we call the pseudo-pacification process. https://t.co/ur7NpqBX2k

[Jostein Hauge @haugejostein]

Neoliberalism: free trade for all — until the wrong countries win.

[randomname @random20260228]

@wgoggin @malcolm_reavell @litewhisperer The Bill Goggin account is a charlatan. Nearly no words that make sense in the thread.

[randomname @random20260228]

They can expand their balance sheet with almost no limit, the only limit is the physical resources.

Gold standard was misused to discipline Germany (and the western Europe) when the second world war ended.

[Malcolm Reavell @malcolm_reavell]

When central banks issue money, whether physical notes, commercial bank reserves, or digital currency, they record it as a liability on their balance sheet. That made sense when you could exchange your notes for gold. That world ended over 50 years ago. https://t.co/b127HtcAx1

[Malcolm Reavell @malcolm_reavell]

@random20260228 I have to add, that while money is, and always has been, debt, it is how that debt is understood. People need to know the difference between public debt and private debt, between a currency issuer and a currency user. Then the narrative changes.

[randomname @random20260228]

@malcolm_reavell Thanks. Under the context of *independent central banking", money is not a public utility anymore. It is unaccountable for the public power, it is privately owned.

It is important to understand the value of Jubilee, which is about canceling debts. (when money is issued by govt)

[randomname @random20260228]

I am young enough to neglect it...

[randomname @random20260228]

GDP, I really dislike this simplified number. Lying statistics, and misused statistics.

[?whispers? @litewhisperer]

By measuring the mortality, morbidity and misery inflicted upon the most vulnerable, conservatives and centrists can quantify their success.

The GDP of austerity.

[randomname @random20260228]

also, the market of criminals should be noticed. Human traffics, money laundering for their ill purposes, and etc.

[Relearning Economics @RelearningEcon]

"The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context"

-Hyman Minsky

[randomname @random20260228]

The French revolution brought...

[randomname @random20260228]

Being a conservative progressive is the best choice so far. Adam Smith also supports such a path. The vested interests can be so potent, a sudden crash of the establishment can bring more uncertainties.

[Nick Johnson @nickj_econ]

New post: Keynesianism - a "moderately conservative" programme to save a flawed capitalism https://t.co/OOOsWjEzUt

[randomname @random20260228]

https://t.co/eXDZwwQePn

[Nick Johnson @nickj_econ]

ICYMI: There is much more to a successful capitalism than risk-taking individuals. https://t.co/qwctjxFUIj

[Mary J. Ruwart Ph.D. @MaryRuwart]

Frank Herbert’s quote from Dune (1965) explains a fundamental flaw in governance: power doesn’t corrupt good people—instead, it attracts those who are already corruptible or pathological.

In other words, individuals with unhealthy personality traits (such as narcissism, sociopathy, or an excessive thirst for control) are naturally drawn to positions of authority like a magnet.

Once in power, these people tend to abuse it, creating recurring problems for governments throughout history.

The insight shifts the focus from “power corrupts” to the self-selecting nature of who seeks power in the first place.

[Rakesh Kumar @Rakeshhkumaar]

The problem isn’t that the state is everywhere. The problem is that capital seeks to turn everything into a commodity. Without public ownership and regulation, the market doesn’t stop at luxury goods; it reaches water, healthcare, housing, education, and every necessity of life, turning human needs into profit opportunities.

[?whispers? @litewhisperer]

The Grand Gilt Circus
An Awfully British Monetary Tale

“Lend us your sovereigns, your bullion, your hard metallic savings, and we shall return them with interest from future tax receipts.”

https://t.co/cf5GjjtJI0

[fiat money @fiat_money]

@ydemombynes This is pretty dumb, but it’s Hayek