bodhisomething.bsky.social - Profile | ThreadSky | a Reddit-style client for Bluesky

'The Deficit Myth' made it to the list of best Money books of all time! "the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society." Wholeheartedly agree!

submitted 2 days ago • 0 comments

Celebrate MLK Day with the help of @mathewforstater.bsky.social. #JobGuarantee

submitted 48 days ago • 0 comments

Still waiting for the day DOGE generates a slump in the US Treasury market ... so that every financial news outlet will write "Elon, a Bond villain" at the headline

submitted 28 days ago • 0 comments

Empathy

submitted 44 days ago • 357 comments

Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/32s6n8ja If you are interested in learning about #MMT subscribe to my SubStack for regular educational articles. #LearnMMT #MMT101

submitted 54 days ago • 1 comment

“Powell’s interest rate hikes, launched in March 2022, had no perceptible effect on growth or employment, hence no plausible role in bringing the inflation rate down. Monetary policy has become an empty set of rituals.” ~James Galbraith www.ineteconomics.org/perspectives...

submitted 55 days ago • 4 comments

Hypothetical explanation for Fermi’s paradox… Maybe misinformation and disinformation and bad actors always prevent advanced civilizations from dealing with the consequences of being an advanced civilization, and thus they wipe themselves out.

submitted 56 days ago • 2 comments

1. "The NAIRU tells governments that they can avoid inflation by ensuring that just the right amount of people are out of work. The most commonly cited "right amount of unemployment to avoid accelerating inflation” is said to be in the range between 3% and 5% and in some

submitted 56 days ago • 1 comment

@johncusack.bsky.social Hi John, have you had the chance to read The Deficit Myth by @stephaniekelton.bsky.social yet? It’s a great read & easy to follow. Highly recommend if you haven’t read it yet!

submitted 63 days ago • 0 comments

It’s bizarre how the US ruling class take holidays in European cities where they can enjoy nice public spaces, public transit, pedestrianised streets, mixed-use neighbourhoods, public healthcare and nice architecture, and then go home and deny these things to their citizens.

submitted 71 days ago • 17 comments

The US already sells all its production, so this can only be disruptive. If the EU somehow buys more from the US, it just means other buyers shift from buying US production to buying from whoever lost sales to the EU. www.cnbc.com/2024/12/20/t...

submitted 79 days ago • 2 comments

submitted 84 days ago • 0 comments

The more that people would be open to what chartalists and MMT economists are saying, we would be 100000000 x closer to all these things. Finding the money is not the issue, ever. It’s about resourcing projects. WWII was the prime example for this. #TheDeficitMyth #FindingTheMoney

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submitted 85 days ago • 103 comments

Wash Post: DJT and DOGErs want to privatize US Postal Service. But Congress has uniquely financially crippled USPS. www.uspsoig.gov/reports/whit...

submitted 85 days ago • 1 comment

Rate hikes are stimulus checks for the rich. "High-income households...also receive more interest and investment income during periods of higher interest rates, all providing a stimulus for sustained levels of spending." www.federalreserve.gov/econres/note...

submitted 86 days ago • 6 comments

MMT Documentary "Finding the Money" on Tour Across Europe open.substack.com/pub/stephani... Watch this doc to remove the scales from your eyes. Or, read @stephaniekelton.bsky.social ‘s excellent book on MMT, The Deficit Myth.” Grow your brains!

submitted 95 days ago • 1 comment

This is violence.

submitted 95 days ago • 10 comments

The message to Democrats is clear: you must dump neoliberal economics | Joseph Stiglitz

submitted 102 days ago • 33 comments

DOGE is basically Defund the Police, but exclusively for cops who punish the crimes of the rich

submitted 102 days ago • 4 comments

The Bitcoin crowd wanted the government to stop “printing money”, unless it was to buy Bitcoin. I.e. unless it made them rich.

submitted 104 days ago • 12 comments

Ideology causes acceptance of theories that should be rejected based on the available evidence.

submitted 105 days ago • 1 comment

Optimist: the cup is half full Pessimist: the cup is half empty #MMT: the cup's liquidity is a policy choice

submitted 106 days ago • 1 comment

Only reason FDR devoted a tax to “pay for” SS was that he thought it would protect it from political attack. FDR, Fed Chair Merriner Eccles & NY Fed Chair Beardsly Ruml on SS: stephaniekelton.substack.com/p/what-fdr-a...

submitted 106 days ago • 5 comments

Remember all the weakness in the Fed's forecasts that caused them to aggressively cut rates?

submitted 107 days ago • 0 comments

What if federal deficits actually increase private savings? 🤔 See Deadly Innocent Fraud #3. moslereconomics.com/wp-content/p...

submitted 107 days ago • 1 comment

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Just up. open.substack.com/pub/stephani...

submitted 108 days ago • 7 comments

It amazes me how emotionally challenged or even revolted people can be by a fairly straightforward description of how monetary systems work. It reminds me of the old J.K. Galbraith quote about bank money creation: “The process by which banks create money is so simple that the mind is repelled.”

submitted 110 days ago • 3 comments

Since you follow me on here, can I get a retweet @goolsbee.bsky.social?

submitted 110 days ago • 0 comments

Economist @mazzucatom.bsky.social: "By not admitting the public side of the value creation process (the public money behind many innovations), we have ended up socializing risks while privatizing reward." evonomics.com/economic-myt...

submitted 113 days ago • 2 comments

I'm expecting a lot of BS regarding the federal budget over the next 4 years. Get ahead of it now with The Deficit Myth by @stephaniekelton.bsky.social. stephaniekelton.com/book/

submitted 113 days ago • 1 comment