William Blair Santos Allen
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willballen.bsky.social
William Blair Santos Allen
@willballen.bsky.social

Retired consultant in international macro finance and capital markets. Converted to MMT as truth.

Now humble second career as lover of all things nautical and USCG licensed Master Mariner.

Finally doing something socially productive? .. more

Economics 76%
Political science 18%
Pirro: "Mr President, there is in this room a group of people who love you, who believe in you, and who are so proud to be in this Oval Office and to be part of this amazing day because you have changed the course of America."

I think this video was one of your best yet!

Reposted by William A. Allen

Did you know that "noon" never used to be at 12? Or that a "second" is actually the second of something?

These are just a couple of the revelations in my latest wordy nerdy video.

Do please give it a watch:
youtu.be/TK-8gfqmFNo?...
Time words don't mean what you think
YouTube video by RobWords
youtu.be

Disagree. I think health care is a right.

Ken Galbraith is sorely missed!

Reposted by William A. Allen

Mamdani won campaigning with price controls for essentials.

Harris lost shying away from her own price gouging policy for food.

Trump won fantasizing about bringing prices of essentials down.

Sheinbaum won a landslide controlling prices of essential groceries.

Trump would know all about losing liquidity. All kinds of liquids, apparently.

Now now. Easy guys! The only way to tell if Trump is lying is to see his lips moving.

Pocket change. JPM balance sheet is maybe 3 or 4 trillion? Laughable.

Reposted by William A. Allen

Germany’s financial watchdog BaFin has imposed a record fine on JPMorgan for systemic failings in its anti-money-laundering controls.
Germany fines JPMorgan €45 million for anti-money-laundering failings
Germany’s financial watchdog BaFin has imposed a record fine on JPMorgan for systemic failings in its anti-money-laundering controls.
l.euronews.com

Surprise myself to agree with you. Euro isn’t working. But I come at it from opposite spectrum. MMT explains why lack of currency sovereignty by country leads to failure. Euro has miserably failed most countries save Germany and the Netherlands.

You sure that is a pound cake? It is a pile of… something?

Yes this is excellent. Should be required reading!

Reposted by Thomas Masterson

“Critics dismiss this as pie-in-the-sky socialism. But what they’re really objecting to is more fundamental: the idea that democratic governments should guarantee people’s basic needs, even if it means intervening in markets”
If guaranteeing essentials sounds radical in 2025, it speaks to how far we’ve drifted from democracy’s core promise. Markets will not save democracy.

My new piece for @theguardian.com:
www.theguardian.com/commentisfre...
Zohran Mamdani shows how Democrats can defeat authoritarians like Trump | Isabella Weber
Democrats have two choices: fight to make life affordable again for ordinary people or watch voters embrace authoritarians
www.theguardian.com

“McDonald's CEO raked in $18.2M last year — over 1,000x the company's median employee pay.”
Walmart and McDonald’s are among the top employers of workers who rely on food stamps.

McDonald's CEO raked in $18.2M last year — over 1,000x the company's median employee pay.

Walmart's CEO pocketed $27.4M — 930x the company's median employee pay.

See the problem?
Walmart and McDonald’s are among the top employers of workers who rely on food stamps.

McDonald's CEO raked in $18.2M last year — over 1,000x the company's median employee pay.

Walmart's CEO pocketed $27.4M — 930x the company's median employee pay.

See the problem?

Right. They have to be sold to UAE and reexported to China in order to provide a grift for Trump’s Middle East buddies.

Not surprised given how much CMG bragged on CNBC after pandemic that they could (and did) raise prices as much as they wanted. I stopped eating there because of those callous interviews.

Whew! I thought you were threatening to show up naked.

Close female friends of parents were always “tias” (aunts) and close male friends “tios” (uncles). Portuguese American family

I’m not sure in what world Rogoff should be described as a “centrist economist”?

1950 Night to Remember with Kenneth Moore is the only Titanic movie worth watching.

E talvez este corte nos gastos do governo esteja a ajudar na ascensão da extrema direita?

Wonder how much the Part B Medicaire insurance premium withheld from my Social Security Sec will go up? I would be surprised if it is not much bigger increase than 2.8%!

Claro que sim!
Here’s the original clip of Ronald Reagan from April 25, 1987, where he delivered a complete and total rebuke against tariffs. Trump's calling Reagan’s words here “FAKE” and “fraudulent.” They’re 100% real. And the original clip is actually far worse for Trump, as much is left out of the ad:

I think it would take only one Chinese missile to take out a US carrier

With you 100% on the MMT and dislike his trolling. But I thought he was a good read of orthodox opinions for a while. Good read on opposition?