Long-term trends in the US are abysmal, many crises that don't get addressed, maintaining the status quo collectively dooms us. Structural change or collapse.
Joined April 2021
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Kalecki retweeted
Swedish central
bank (Riksbanken)
The oldest central bank in the world...
"The money that government agencies spend does not come from anywhere. Money is
created at the very moment an agency, with legal authorisation, makes a payment to the
private sector"
Kalecki retweeted
"A bank’s ability to grant loans and create money has nothing to do with whether it already has excess reserves or deposits at its disposal.
Instead, various economic and regulatory factors constrain the process of money creation"
-Deutsche Bundesbank
Kalecki retweeted
After mismanaging the MTA for 10+ years as Governor, Andrew Cuomo would now like to mismanage it as Mayor.
.@andrewcuomo repeats that he would propose the city takes over the management of the MTA, which is run by the state.
"The MTA is too big to be able to manage the transit authority, effectively, let the mayor, manage the New York City Transit Authority," he says.
Kalecki retweeted
Mamdani did best in racially mixed precincts, while Cuomo did best in precincts which were >80% white or <10% white
Kalecki retweeted
Because the readers of @curaffairs demanded it, I have read the awful book "Abundance."
currentaffairs.org/news/aban…
Kalecki retweeted
Rise of the rentiers: Inheritance flows in % of national output have increased strongly in advanced economies, with a particularly massive increase in Italy. Inheritance is very important for wealth accumulation.
Source: Economist via @pat_kaczmarczyk
Kalecki retweeted
“The Republican and Democratic parties, or, to be more exact, the Republican-Democratic party, represent the capitalist class in the class struggle.”
- Eugene V. Debs
require a discretionary permit, which means it doesn't then require a CEQA review. And I am sorry, but people claim that greater supply leads by itself to greater affordability have a lot to answer to. Supply is a factor, bit there's a lot more, and many cities where supply is
Sounds like all you people do is insult people. Commenting online allows you all to act in a way that is different if you were directly communicating with people. If you take out the insults that Matt said, there's almost nothing left. He did a bad job of backing up the claim
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that the growth in renewable energy was because of deregulation. He also claimed the same with China, a planned economy, with state owned enterprises central to its economic system, public ownership of land and things like price controls that have drawn the ire of private coal
All these people comment and then block me. Cowards. But, any rate, it sometimes refers to not requiring environmental review and just a building permit. Houston has no real zoning, which is disastrous on many levels. Could refer to deregulating securitization and finance.
Kalecki retweeted
The most important article on Social Security ever written. scribd.com/document/15732187…
Kalecki retweeted
Democrats Sick Of Being Blamed For Cowardice On Issues They Actually Just Don’t Care About
theonion.com/democrats-sick-…
