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
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-…
Kalecki retweeted
It is now being revealed that western journalism was being funded and propped up by the United States government in order to spread pro war neoliberal propaganda
Never forget it was Barack Obama who signed a national security order so the United States government can propagandize its own people
The “conspiracy theorists” were right once again
Kalecki retweeted
29.3% of Americans voted for Trump.
28.6% voted for Harris.
42% voted for neither.
Congress's approval rating has fluctuated between 11%-29% since 2005.
Americans know we are being liquidated by the 2-party carousel. We know collapse has been inevitable for decades.
Kalecki retweeted
“I think the real reasons [for prohibiting the Fed from directly purchasing treasuries] can be traced to certain Gov bond dealers who…had their eyes on business…lost to them if direct purchasing were permitted.”
Marriner Eccles, 1947
