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gaming-chair economist | before the promise, the premise.

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Joined February 2009
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that’ll flip the house and senate back!
BREAKING: Trump says he has offered UFC President Dana White the job of White House Press Secretary and wants him to bring several UFC fighters, including Khabib Nurmagomedov and Islam Makhachev, as assistants.
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we should have the world’s first major gaming developer co-operative
Replying to @thobbsjourno
we should have british gaming museums. we should have british gaming funds for working class developers. we should have british gaming theme parks. we should have british gaming schools. when you go into heathrow, the first thing you should see is a collage of british games etc
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incredible things are happening in China
In one article, Aaron Bastani's conception of Fully Automated Luxury Communism is denounced as a form of totalitarian socialism.
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I’d say MMT is working on a theory of value. But thats beside the point. MMT never claimed to be in itself sufficient to bring about social change (nor does it deny politics exist outside of monetary capacities) simply that understanding it is essential to doing so.
MMT correctly exposes the myths of neoliberal austerity, but mistakes monetary sovereignty for social power. Without a theory of value, exploitation and capital accumulation, it can explain how the state creates money, but not the limits imposed by capitalist social relations.
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Bro odd lots live is gonna have more Marxists in attendance than a DSA convention 😭😭😭😭
An announcement I've been hoping to make for two years... GUEST ALERT At Odd Lots LIVE on 12/9 in NYC @tracyalloway and I will be talking to @adam_tooze to revisit Wages of Destruction, 20 years on from its release in 2006. Get your tickets here: events.bloombergevents.com/e…
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Economic populism also means dethroning economics. It’s not the job of economists to dictate how our economies should be run but to find solutions to implement democratically determined goals.
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andy burnham bring back plastic straws challenge
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Not only will the BoE Interest rate hike have no positive impact on inflation, but it will also increase volatility in bond markets, mortgage rates, and constitutes a huge fiscal transfer to commercial banks.
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Reform's top brass loudly supported the attack in Iran and the public should be reminded of this at every juncture. This rewriting of history can't stand.
Very clear Trump has been smashed by a combo of Iran war and spiralling energy costs (while his strong border/America first domestic policies remain popular). People did not vote for Forever Wars and yet he massively overreached. Lessons for Britain!
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The important lesson here is that the economics tradition doesnt know how to think about money, because it just assumes that money is a neutral medium for "the economy." So they don't think hard about specific kinds of money and specific reasons for it flowing one way or another
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Personally I think it’s great that centrists have learned to moderate and embrace economic populism
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Now that Woke 3.0 is here, we should remake the Star Wars trilogy with modern themes. It always troubled me early in a New Hope that Obi Wan discussed the Sand People without offering a lengthy stolen land acknowledgement. Lucas' films can definitely be built upon.
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extremely good reform!
🚨 NEW: Andy Burnham has announced employers will be legally required to publish salaries on job adverts "You should know what a job pays before spending your time and effort applying for it"
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Higher interest rates won’t reopen the Strait of Hormuz or bring down energy prices. Instead, today’s rise to 4% risks squeezing households already facing higher heating, fuel and mortgage costs. With energy bills forecast to rise by at least £400 a year in January, the government must go further and introduce a temporary £2,000 cap on typical household energy bills to tackle inflation at source. Read our body of research 👇️
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if you aren’t an alignment head go start talking to meta ai in your instagram group chats and see how long it takes for it to lie to you
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Got to give it to Bank of England, impeccable timing to raise rates just as US AI stocks are imploding
🚨 INSANE CRASH In just 60 minutes, $2.5 TRILLION has been wiped from US stocks, while another $150 BILLION has been erased from crypto. It's an absolutely bloodbath...
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AMD -15% WEEEEEW
Call your mother. Tell her you love her.
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8/ We need to move beyond crude interest rates rises and use fiscal policy more actively. In 2022 Spain capped energy prices and taxed windfall profits, and its central bank found that did far more than rate rises. medium.com/@monetarypolicyin…
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The Bank of England has just raised interest rates to 4%. But higher rates won’t make oil any cheaper, and households are paying the price for a shock we can’t control. My piece for @LBC 🧵1/9 lbc.co.uk/article/higher-int…
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