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goolz.bsky.social
Sad dude in a chair
@goolz.bsky.social
Major depression is such an upbeat diagnosis
More data to support the theory that Baltimore is cool and good in a semi problematic way
November 13, 2025 at 2:04 AM
Those Anne Arundel statistics are very interesting. I've made cursory glances at the historical record for the county but haven't delved deep enough to see that info.
November 13, 2025 at 12:03 AM
AI or smart search engines are demonstrably worse because they suck at parsing terms and don't use Boolean operations. Having to reword a search term 16 times is worse, not better.
November 12, 2025 at 4:13 AM
At this point you're the only senator to have shown any backbone against this farcical government, so if Schumer won't do anything he needs to be replaced through whatever means.
November 9, 2025 at 11:02 PM
There is so much irony here. Immigrant labor fueled the pre-collapse housing bubble, while undercutting trade unions in places like California and Texas, depressing wages, which was part of why subprime loans were so popular and the snake eats its own tail.
November 9, 2025 at 7:28 PM
Federal reserve*
November 8, 2025 at 1:06 AM
The feeder reserve has done it twice within the span of 12 years, first with quantitative easing, then with interest free COVID loans to the tune of 5 bil. MMT is based on data and reasoning, not vibes.
November 8, 2025 at 1:06 AM
Do you have a reason for the disagreement? Like, from first principles, MMT seems to accurately describe how fractional reserve banking and Fiat currency operate, writ large. The USG can pump liquidity into the world economy at will and those dollars are equal value.
November 8, 2025 at 1:03 AM
I.e. liquidity is only problematic when productivity does not meet overall economic demand, or when there is excess currency. That's how overinflation or hyperinflation happens. MMT treats money like any other commodity
November 8, 2025 at 1:00 AM
The core of MMT is that hé who has the printing press and the guns to defend it dictates the value of everything. The details are political squabbles.
November 8, 2025 at 12:56 AM
Rather than pure productivity. G. Therefore: the monetary hegemon has domination over the terms of the market as a whole by virtue of the fact that their currency is how trade is transacted. From first principles, what you described in the OP is MMT, as those theorists describe it.
November 8, 2025 at 12:54 AM
D. Hegemonic domination of a broader market makes a specific currency more valuable than others E. Monetary domination makes debt back by the issuing entity more desirable because it is more secure, therefore F. Some currencies are more valuable by virtue of sociopolitical reasons rather
November 8, 2025 at 12:54 AM
My understanding of mmt and correct me if I'm wrong, is that a. money only has value so long as people believe it has value b. Currency and coinage maintains exchange value through political institutions c. Monetary value is contingent on material and political conditions of the issuing entity
November 8, 2025 at 12:54 AM
And decolonianlization than of the insolvency of the pound as such. Currency, as something that can be issued from an entity, be it a bank or a government, holds exchange value alone. If people think that they can't get what they put in the currency collapses. That's what monetary sovereignty is.
November 8, 2025 at 12:42 AM
More accurately, sovereignty reflects material conditions. i.e the dollar is stable until it's not. Same with specie. The abandonment of the gold standard is what created the Keynesian socioeconomic post war order. The crash of the pound is more as reflection of the dissolution of the British empire
November 8, 2025 at 12:42 AM
In the context of mmt, and so long as treasuries remain as they are currently, the dollar acts very similarly outside of the united States as specie did 100 years ago.
November 7, 2025 at 11:37 PM
Apparently not for the people at CBS
November 7, 2025 at 11:35 PM
I've read a few papers about the global south in reference to this point from an mmt perspective, if I get a chance I'll post them. Also, I think most social scientists would agree that monetary theory and economic theory are distinctly different
November 7, 2025 at 11:58 AM
They like him and want him to succeed.
November 7, 2025 at 4:57 AM
That's what mmt is. It's quite obviously descriptive of the material reality, just as you're describing it here. The US has not been hard up for funds since 1780, because bonds are secured either by public land or the military. That's the core idea of mmt
November 7, 2025 at 4:56 AM
Big gun go boom
November 7, 2025 at 3:36 AM
Can we use howitzers instead
November 7, 2025 at 3:35 AM
Chestnut blight, emerald ash borer, tree of heaven, Bradford pear, Dutch elm disease, kudzu, the list goes on.
November 6, 2025 at 4:37 AM
LMFAO turnabout is fair play
November 6, 2025 at 4:20 AM