Tom Streithorst

An American in London. Ruthless Cosmopolitan. Heroes include Lula, John Maynard Keynes, Jane Jacobs, Marwan Barghouti, Lyndon Baines Johnson and Gordon Brown.

[Tom Streithorst @tomstreithorst]

@ashtonpittman I’ll never forget what a phd student at Yale Divinity School said to me. “When white Americans realized black people were fellow citizens , they stopped caring about America.” She certainly had the timing right.

[Ashton Pittman @ashtonpittman]

The moment the "common good" meant more than just "the white common good," much of white America abandoned that civic duty ethos that was so defining for the WWII generation & began rationalizing its way into an anti-civic ideology of selfish indifference to the lives of others.

[Tom Streithorst @tomstreithorst]

@t0nyyates Because Tony, you know you are actually much closer to MMT (and Abba Lerner’s functional finance) than you are to the freshwater crowd. (Am I right???)

[Tom Streithorst @tomstreithorst]

@t0nyyates Dis efficient markets theory more, MMT less.

[Claudia Sahm @Claudia_Sahm]

“it’s immensely reassuring to know that economic policy will be made by someone who knows what she is doing.” yes, it is. https://t.co/j6H0DQq3Au

[Deficit Owls 🦉 @DeficitOwls]

From our library: Sovereign Government Debt Is Not A Burden On The Future. https://t.co/NRoGiaKoOY

[Bill McKibben @billmckibben]

So, every once in a while by pure chance, one knows something about something in the news. Today that's me--it's about a guy named Brian Deese who is up for an econ job in the Biden administration. But it's a longish story.

[Tom Streithorst @tomstreithorst]

@realDonaldTrump And his wife loves him, loser.

[Tom Streithorst @tomstreithorst]

@RYP__ You can’t win a war if you are unwilling to take casualties. And democracies are unwilling to take casualties in wars that don’t matter. And none of America’s wars in my lifetime were worth fighting.

[Ailbhe Rea @PronouncedAlva]

I am struck by BBC reporters' continued use of household budget metaphors to describe the UK economy re. the spending review. That is a deeply political and contested framing that comes hand-in-hand with a pro-austerity argument. I don't think it is good analysis or "impartial".

[Tom Streithorst @tomstreithorst]

@bhbradlow Very true. Watch Mrs America for a similar experience.

[Tom Streithorst @tomstreithorst]

@SamCoatesSky Please read Stephanie Kelton's The Deficit Myth. You are propagating old fashioned economics. We know more now. Balancing the budget is a recipe for recession.

[Tom Streithorst @tomstreithorst]

@Machiavellecon @ftopinion But why does anybody still think fiscal prudence is a good thing?

[Tom Streithorst @tomstreithorst]

@jdportes @SamuelMarcLowe Especially if we get the massive fiscal stimulus most economists realize we need.

[George Selgin @GeorgeSelgin]

More proof, from @NathanTankus, that whatever its shortcomings, MMT can boast of having proponents whose understanding of Fed-Treasury operations is second to none: https://t.co/swcbudSzk1

[Tom Streithorst @tomstreithorst]

@jrhopkin @simonjhix It is not a coincidence. It is due to the shift from fiscal to monetary stimulus. Fiscal raises income. Monetary raises asset prices. One helps workers and ordinary citizens. The other helps the already rich.

[Babur @Bagh_eBabur]

1967 Chemistry class, Lycée Esteqlal in Kabul, Afghanistan

Hopeful for the future.

- Photo by Roland & Sabrina Michaud