Vassilis Serafimakis
@vserafimakis.bsky.social
Criminal Economist
Trump pays a serious compliment...
September 25, 2025 at 10:06 PM
Trump pays a serious compliment...
I guess I missed it. Well done. Keep up the good work.
April 21, 2025 at 1:17 PM
I guess I missed it. Well done. Keep up the good work.
Far be it from me any variant of factionism, so I welcome Paul Krugman in your series of interviews. Still, methinks you should have politely corrected this bit of misunderstanding on the part of our Nobel laureate: "banks take deposits, lend out the money". Nope. Banks do not lend out deposits.
April 21, 2025 at 12:09 AM
Far be it from me any variant of factionism, so I welcome Paul Krugman in your series of interviews. Still, methinks you should have politely corrected this bit of misunderstanding on the part of our Nobel laureate: "banks take deposits, lend out the money". Nope. Banks do not lend out deposits.
Ιf you want to truly make sense of the tariff absurdity, I'd suggest you branch out your interviews and call upon people like Julie Curtiss or Penny Slinger, or some other Surrealist.
April 19, 2025 at 4:39 PM
Ιf you want to truly make sense of the tariff absurdity, I'd suggest you branch out your interviews and call upon people like Julie Curtiss or Penny Slinger, or some other Surrealist.
Τhere was no conspiracy behind JFK's assassination. End of story. (I wish.) Anyone seriously interested for the truth should/must read Vincent Bugliosi's magnus opus. The rest can keep on blabbering nonsense.
March 20, 2025 at 12:39 PM
Τhere was no conspiracy behind JFK's assassination. End of story. (I wish.) Anyone seriously interested for the truth should/must read Vincent Bugliosi's magnus opus. The rest can keep on blabbering nonsense.
Rania Antonopoulos' time in government in Greece was not too beneficial for the country, since she took part in the legislative erection of the Eurozone imposed destructive policies. She left on account of an irrelevant matter and ever since is falsely considered an opponent of said policies.
February 10, 2025 at 3:52 PM
Rania Antonopoulos' time in government in Greece was not too beneficial for the country, since she took part in the legislative erection of the Eurozone imposed destructive policies. She left on account of an irrelevant matter and ever since is falsely considered an opponent of said policies.
But does he pass he Turing test?
January 22, 2025 at 2:23 PM
But does he pass he Turing test?
So, a war provoked by western, aggressive expansion against Russia, a war that makes no sense politically, geopolitically, militarily, or in terms of safety, must, according to this Polish "think tank," be intensified! And damn the torpedoes, aka human lives, as they explicitly propose.
January 13, 2025 at 4:55 PM
So, a war provoked by western, aggressive expansion against Russia, a war that makes no sense politically, geopolitically, militarily, or in terms of safety, must, according to this Polish "think tank," be intensified! And damn the torpedoes, aka human lives, as they explicitly propose.
However, protecting priv.sector's income, and specifically wages, does *not* mean supporting the strength (its f/x parity) of the nat'l currency!
January 5, 2025 at 5:29 PM
However, protecting priv.sector's income, and specifically wages, does *not* mean supporting the strength (its f/x parity) of the nat'l currency!
The state has the means to support the citizens' income through fiscal policy. The general purpose is to safeguard their purchasing power but not necessarily to *completely* compensate for an increased cost of imports. When fx parity drops, *some* adjustments will and must be allowed to happen.
January 5, 2025 at 5:27 PM
The state has the means to support the citizens' income through fiscal policy. The general purpose is to safeguard their purchasing power but not necessarily to *completely* compensate for an increased cost of imports. When fx parity drops, *some* adjustments will and must be allowed to happen.
Where o where did I write the state should prioritize the strength of its currency? You are reading what you want to read in my texts. I live in Greece. Slow or even sudden devaluation of the nat'l currency (drachma) never hurt the state or the working man.
January 5, 2025 at 5:10 PM
Where o where did I write the state should prioritize the strength of its currency? You are reading what you want to read in my texts. I live in Greece. Slow or even sudden devaluation of the nat'l currency (drachma) never hurt the state or the working man.
Either provide evidence I support "using labor abroad to lower wages" or stop erecting strawmen.
January 4, 2025 at 8:49 PM
Either provide evidence I support "using labor abroad to lower wages" or stop erecting strawmen.
In every society, the working person is also the consumer. They do not belong to different sets, although neo/classicals treat them as such. So, a serious state policy should be formulating policy that against the increased cost of imported jet skis provides for an increase in the worker's income.
January 4, 2025 at 3:56 PM
In every society, the working person is also the consumer. They do not belong to different sets, although neo/classicals treat them as such. So, a serious state policy should be formulating policy that against the increased cost of imported jet skis provides for an increase in the worker's income.
Not everything denoted as a right is beneficial in absolute terms, i.e. irrespective of all conditions. But, to be clear, I do not support restriction of movement. I'm opposing the policy of using imported labor to lower wages across the board (to adhere the "make the country more competitive" b.s.)
January 4, 2025 at 3:50 PM
Not everything denoted as a right is beneficial in absolute terms, i.e. irrespective of all conditions. But, to be clear, I do not support restriction of movement. I'm opposing the policy of using imported labor to lower wages across the board (to adhere the "make the country more competitive" b.s.)
Thanks for that.
January 4, 2025 at 3:47 PM
Thanks for that.
As to those "inflated wages", perhaps it'd pay if we'd remember that most of the rise in wages has been achieved through labor struggles. Juxtapose this fact with the "right" of an employer to lower wages across the board, invoking "freedom of labor movement", code for non-union competition. (3/3)
January 3, 2025 at 3:37 PM
As to those "inflated wages", perhaps it'd pay if we'd remember that most of the rise in wages has been achieved through labor struggles. Juxtapose this fact with the "right" of an employer to lower wages across the board, invoking "freedom of labor movement", code for non-union competition. (3/3)
Why do you suppose transnational corporations support so strongly "freedom of labor movement"? You think because they want to have more people around the world enjoying the wages in the US? Or do they perhaps support the aptly named "race to the bottom" that drives wages down EVERYWHERE? (2/3)
January 3, 2025 at 3:35 PM
Why do you suppose transnational corporations support so strongly "freedom of labor movement"? You think because they want to have more people around the world enjoying the wages in the US? Or do they perhaps support the aptly named "race to the bottom" that drives wages down EVERYWHERE? (2/3)
The proper response is to have wages rise in India or Bolivia to the level of wages of the American worker (incidentally, by saying these wages are "inflated" you betray your hand). Not by lowering the wages in America by importing labor that's willing to work for lower wages. (1/3)
January 3, 2025 at 3:32 PM
The proper response is to have wages rise in India or Bolivia to the level of wages of the American worker (incidentally, by saying these wages are "inflated" you betray your hand). Not by lowering the wages in America by importing labor that's willing to work for lower wages. (1/3)
Unbelievable!
December 14, 2024 at 9:56 PM
Unbelievable!
You should not care about the debt either. It's an inaccurate and misleading term that essentially denotes private savings. I have $300 in Treasury bonds; that's part of the US federal debt. Why should the government decide to take it away from me and replace it with cash or a deposit in my acct?
December 9, 2024 at 4:39 PM
You should not care about the debt either. It's an inaccurate and misleading term that essentially denotes private savings. I have $300 in Treasury bonds; that's part of the US federal debt. Why should the government decide to take it away from me and replace it with cash or a deposit in my acct?