aaron
yieldcurved.bsky.social
aaron
@yieldcurved.bsky.social
markets and such
why is it then that the current situation of full employment has seen rather tepid pushback from heads of industry? I reckon that they feel confident that the maintenance of full employment will be politically infeasible and they can let the rentiers fight their battle for them
December 9, 2023 at 11:12 PM
two instructive points from kaleckis full employment essay:

1. it is the maintenance of - not the initial instance of - full employment that generates social transformation

2. the rentier class and the capitalist class oppose full employment for different reasons
December 9, 2023 at 11:11 PM
first bluesky post is a public service announcement that fed funds futures are a probability weighted average
December 8, 2023 at 10:15 PM