@criticofpolecon Aren’t there substantive differences between federal and local/municipal budgets? In the language of MMT, deficits are less of a concern for the federal government as a currency-issuer but municipal governments are currency-users and therefore akin to households
“In formulating his first law of the evolution of society, Vico wrote that decadence begins when men no longer find within themselves a reason to relate their lives to that of others and not when material resources run short.”
- Screpanti & Zamagni, “Outline of Hist of Econ”
Everyone on my feed has a take on Habermas on the occasion of his death and I’m sad I never got around to reading the guy before he kicked the bucket. Seems everyone’s mad at him
@Deve_Dy@RichardHanania Libertarianism is an intellectual project that ignores the inherently coercive nature of government-imposed property institutions but then calls out as coercive all measures meant to counteract or balance that coercion.
@tonyjballas Idk if she’s elaborating her own understanding of Lukács necessarily but rather that of the Frankfurt School and fellow travelers. She frames the thought of the FS as responding one way or another to L, which may or may not stem from a misunderstanding on their part
"Marx says that revolutions are the locomotive of world history. But perhaps it is now the opposite. Perhaps revolutions are an attempt by the passengers on this train – namely, the human race – to pull the emergency brake."
- Walter Benjamin
Under the slogan “Block Everything,” French people took to the streets today to suspend the economy nationwide. The hope for many was that the movement would grow into something resembling the Yellow Vests uprisings.
#10septembre2025