Patricia Pino
@patriciapino.bsky.social
CEng, MSc Econ & Finance, PhD candidate IIPP_UCL. Co-host of The MMT Podcast . Associate gimms.org.uk
https://x.com/patricianpino
I don’t know why I didn’t announce it last week. But after taking some time in maternity leave I have now finally passed my PhD upgrade viva and I am now officially a PhD candidate at @iipp-ucl.bsky.social , looking at ways to model inflation risk in the economy. Yey!
April 15, 2025 at 3:37 PM
I don’t know why I didn’t announce it last week. But after taking some time in maternity leave I have now finally passed my PhD upgrade viva and I am now officially a PhD candidate at @iipp-ucl.bsky.social , looking at ways to model inflation risk in the economy. Yey!
Radio pundits asking themselves why our Govt seems fine with foreign states running companies within the UK. Well, what private companies & foreign states have in common, of course, is that they can’t be held democratically accountable by us. Our govt is allergic to democracy.
April 14, 2025 at 7:51 PM
Radio pundits asking themselves why our Govt seems fine with foreign states running companies within the UK. Well, what private companies & foreign states have in common, of course, is that they can’t be held democratically accountable by us. Our govt is allergic to democracy.
Btw…
“The government can put the rich in their place! … but… to do so it first needs to get some money from them”
… is not a coherent argument.
“The government can put the rich in their place! … but… to do so it first needs to get some money from them”
… is not a coherent argument.
March 31, 2025 at 8:20 PM
Btw…
“The government can put the rich in their place! … but… to do so it first needs to get some money from them”
… is not a coherent argument.
“The government can put the rich in their place! … but… to do so it first needs to get some money from them”
… is not a coherent argument.
That OBR forecast would have a lot more weight if it wasn’t because they tend to overestimate economic performance and underestimate the damage austerity causes *every* *single* *time*.
March 26, 2025 at 11:15 PM
That OBR forecast would have a lot more weight if it wasn’t because they tend to overestimate economic performance and underestimate the damage austerity causes *every* *single* *time*.
How the government's "magic money" computers work.
March 25, 2025 at 11:03 AM
How the government's "magic money" computers work.
The priority of Fiat currencies should be to ensure workers and those who depend on them have reliable and decent incomes during both booms and recessions.
The priority of Fiat currencies should not be to protect the value of the assets of idle rich people.
The priority of Fiat currencies should not be to protect the value of the assets of idle rich people.
March 18, 2025 at 11:07 AM
The priority of Fiat currencies should be to ensure workers and those who depend on them have reliable and decent incomes during both booms and recessions.
The priority of Fiat currencies should not be to protect the value of the assets of idle rich people.
The priority of Fiat currencies should not be to protect the value of the assets of idle rich people.
Reeves MUST know that further cuts will just deepen the recession. Surely she MUST know.
March 14, 2025 at 6:10 PM
Reeves MUST know that further cuts will just deepen the recession. Surely she MUST know.
If Trump doesn’t want a trade deficit why does he want the $ to stay as reserve currency? What’s the point? Does he even know what a reserve currency is?
March 12, 2025 at 4:15 PM
If Trump doesn’t want a trade deficit why does he want the $ to stay as reserve currency? What’s the point? Does he even know what a reserve currency is?
If you’re defending immigrants (and you should) please don’t argue that the main benefit of having them is to have an available underclass of people ready to work for peanuts.
March 11, 2025 at 11:32 AM
If you’re defending immigrants (and you should) please don’t argue that the main benefit of having them is to have an available underclass of people ready to work for peanuts.
The size of the US trade deficit is a reflection of its status as a world reserve currency. It is a position of privilege which allowed the US to benefit from consuming substantially more than it produced, gaining it *real* wealth. Trump now frames this as exploitative.
March 6, 2025 at 11:25 AM
The size of the US trade deficit is a reflection of its status as a world reserve currency. It is a position of privilege which allowed the US to benefit from consuming substantially more than it produced, gaining it *real* wealth. Trump now frames this as exploitative.
Un the context of endogenous money, it is far more likely that the money supply responds to inflation. And not vice-versa.
February 26, 2025 at 10:46 PM
Un the context of endogenous money, it is far more likely that the money supply responds to inflation. And not vice-versa.
“You will never reach your destination if you stop and throw stones at every dog that barks.”
W.S.C
W.S.C
February 26, 2025 at 10:16 PM
“You will never reach your destination if you stop and throw stones at every dog that barks.”
W.S.C
W.S.C
Trump is a bag of contradictions:
“Anti imperialist, but lets annex Canada”
“The US is the victim, so we’re going to crush everyone because we can”
“We can’t go bankrupt as we create $, but govt debt is bankrupting us”
“$ reserve currency= good BUT countries saving $=bad”
“Anti imperialist, but lets annex Canada”
“The US is the victim, so we’re going to crush everyone because we can”
“We can’t go bankrupt as we create $, but govt debt is bankrupting us”
“$ reserve currency= good BUT countries saving $=bad”
February 19, 2025 at 12:13 AM
Trump is a bag of contradictions:
“Anti imperialist, but lets annex Canada”
“The US is the victim, so we’re going to crush everyone because we can”
“We can’t go bankrupt as we create $, but govt debt is bankrupting us”
“$ reserve currency= good BUT countries saving $=bad”
“Anti imperialist, but lets annex Canada”
“The US is the victim, so we’re going to crush everyone because we can”
“We can’t go bankrupt as we create $, but govt debt is bankrupting us”
“$ reserve currency= good BUT countries saving $=bad”
Watching “One hundred Years of Solitude” on Netflix (I’ve been waiting for this for years) and it’s as good as it possibly could have been. So recommend but not as highly as I recommend reading the actual book. 🧵
December 12, 2024 at 10:00 AM
Watching “One hundred Years of Solitude” on Netflix (I’ve been waiting for this for years) and it’s as good as it possibly could have been. So recommend but not as highly as I recommend reading the actual book. 🧵
Reposted by Patricia Pino
One of the few things that neoclassical economists are good at is "gatekeeping."
They have methodological gatekeeping: our method, or your research is not scientific/economics.
Some feminist economists see this phenomenon from the lens of feminism
From Tejani, 2019
They have methodological gatekeeping: our method, or your research is not scientific/economics.
Some feminist economists see this phenomenon from the lens of feminism
From Tejani, 2019
December 1, 2024 at 11:33 PM
One of the few things that neoclassical economists are good at is "gatekeeping."
They have methodological gatekeeping: our method, or your research is not scientific/economics.
Some feminist economists see this phenomenon from the lens of feminism
From Tejani, 2019
They have methodological gatekeeping: our method, or your research is not scientific/economics.
Some feminist economists see this phenomenon from the lens of feminism
From Tejani, 2019
Have you considered that the governments policy to create unemployment is what is causing the unemployment?
Have you considered that those out of work due to mental health issues may be suffering from mental health issues?
Have you considered that those out of work due to mental health issues may be suffering from mental health issues?
November 26, 2024 at 8:29 AM
Have you considered that the governments policy to create unemployment is what is causing the unemployment?
Have you considered that those out of work due to mental health issues may be suffering from mental health issues?
Have you considered that those out of work due to mental health issues may be suffering from mental health issues?
Reposted by Patricia Pino
Money printer go brrr for me but not for thee.
The Bitcoin crowd wanted the government to stop “printing money”, unless it was to buy Bitcoin. I.e. unless it made them rich.
November 25, 2024 at 10:28 PM
Money printer go brrr for me but not for thee.
The Bitcoin crowd wanted the government to stop “printing money”, unless it was to buy Bitcoin. I.e. unless it made them rich.
November 25, 2024 at 10:22 PM
The Bitcoin crowd wanted the government to stop “printing money”, unless it was to buy Bitcoin. I.e. unless it made them rich.
Reposted by Patricia Pino
what a disaster - the far right and the neoliberal right are going to face each other in the second round of the Romania presidential elections
November 25, 2024 at 9:12 AM
what a disaster - the far right and the neoliberal right are going to face each other in the second round of the Romania presidential elections
What’s clear to me from farmers protests.
1) Farming land value going up has little to do with farming activities and more to do with land as a financial asset.
2) Farmers saw the increase in value as a consolation price for what is generally really badly paid work.
1) Farming land value going up has little to do with farming activities and more to do with land as a financial asset.
2) Farmers saw the increase in value as a consolation price for what is generally really badly paid work.
November 19, 2024 at 6:50 PM
What’s clear to me from farmers protests.
1) Farming land value going up has little to do with farming activities and more to do with land as a financial asset.
2) Farmers saw the increase in value as a consolation price for what is generally really badly paid work.
1) Farming land value going up has little to do with farming activities and more to do with land as a financial asset.
2) Farmers saw the increase in value as a consolation price for what is generally really badly paid work.
Reposted by Patricia Pino
"Taxation should distinguish between working farmers and tax-dodging chancers".
Important from James Rebanks, @herdyshepherd.bsky.social
unherd.com/2024/11/a-fa...
Important from James Rebanks, @herdyshepherd.bsky.social
unherd.com/2024/11/a-fa...
A farmers' revolt is coming
unherd.com
November 19, 2024 at 9:19 AM
"Taxation should distinguish between working farmers and tax-dodging chancers".
Important from James Rebanks, @herdyshepherd.bsky.social
unherd.com/2024/11/a-fa...
Important from James Rebanks, @herdyshepherd.bsky.social
unherd.com/2024/11/a-fa...
🔔 Public service announcement.
Bond markets cannot physically stop government spending. Once government spending is approved by Parliament nothing can stop it.
Thank you for your attention.
Bond markets cannot physically stop government spending. Once government spending is approved by Parliament nothing can stop it.
Thank you for your attention.
November 17, 2024 at 9:55 PM
🔔 Public service announcement.
Bond markets cannot physically stop government spending. Once government spending is approved by Parliament nothing can stop it.
Thank you for your attention.
Bond markets cannot physically stop government spending. Once government spending is approved by Parliament nothing can stop it.
Thank you for your attention.
This analogy tells me two things. 1) That we should maintain faith in politicians (pilots) no matter how badly they lead us (fly the plane), because 2) we can only do worse if we attempt to change things.
Hopeless, depressing and intellectually lazy.
Hopeless, depressing and intellectually lazy.
November 17, 2024 at 2:17 PM
This analogy tells me two things. 1) That we should maintain faith in politicians (pilots) no matter how badly they lead us (fly the plane), because 2) we can only do worse if we attempt to change things.
Hopeless, depressing and intellectually lazy.
Hopeless, depressing and intellectually lazy.
November 17, 2024 at 12:36 AM