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Code Green
code__green
Global debt? $260 trillion, THREE times the planet's GDP"However, this is small potatoes compared to the scale of the financial products derivatives market. Estimated to be somewhere between $600 trillion to
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Dave
djr8519
This chart is the clearest representation of the immense damage that emanated from the GFC on the US economy.In the ~60 years following WWII, US real GDP seemed to grow
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Paul Krugman
paulkrugman
One thing I don't think is fully appreciated is the fact that Republicans in general, and Trump a fortiori, have no idea what causes recessions. If they've even heard of
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The Pension War Room
yomeeks
The Pension War Room would like to note some whoppers about public sector pay are being passed around. #AbLeg I wanted to provide this older (2014) critique of the Fraser
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Cory Doctorow #BLM
doctorow
2020 was a shitty year for most things, but it was a banner year for books about fighting monopolies, and for the fight itself. It started (in Dec '19) with
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JW Mason
JWMason1
Rudi Dornbusch summarizes the consensus position on monetary policy; it’s all about “getting rid of democratic money.”I think this was fair statement of the general view economists when he wrote
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Joseph Gagnon
GagnonMacro
My colleague Olivier Blanchard lays out the case for concern about the Biden stimulus package. https://www.piie.com/blogs/realtime-economic-issues-watch/defense-concerns-over-19-trillion-relief-plan via @PIIE Let's walk thru the numbers
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Vinay Prasad MD MPH
VPrasadMDMPH
Finished drafting my oped, coming soonThesis: If u r 14 days after dose 2 vaccine & asymptomatic, you can (and should!) relax some restrictions. That's why we get vaccines and
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ויקאס פנדיטה
TORUKH_MAKTO
As an Indian, how would you oppose Chinese products?Here goes a very short story but worth inspirationalMikhail Gorbachev last leader of Union of Soviet Socialist Republic (USSR) , respected by
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Thomas Levenson, Zṓiarchos
TomLevenson
Just lurked in a review session for the sprout's Econ 101 (virtual) course.As usual, the instructors reminded everyone that the perfect competition models aren't true. But also as usual, they
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Beyond The Spectrum
BT_Spectrum
Most of us grow up with #MoneyMyths...The truth will surprise you!Please add these important videos to your watchlist, check them out when you have time! #ModernMoney #MMT #MMTruth#MMTCommunity #JobGuarantee#GreenNewDeal #TheDeficitMyth
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aayeff
aayeff1
This is not blind faith. This is based on my observations of Rahul during the last 7 years. No one is perfect. We are all amalgams of good & not
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Larry Schweikart
LarrySchweikart
1) A most unique man, and an American hero, Walter E.Williams died today. Born on March 31, 1936, Williams grew up without a father in the Philadelphia housing projects. His
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Ben Moll
ben_moll
#EconTwitter hivemind: what are your favorite papers combining “causal” micro estimates (say from DiD or RCT) with a general-equilibrium macro model to answer an interesting macro question?This is for my
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Arindrajit Dube
arindube
As we debate whether to cut UI benefits in the middle of the pandemic, it's useful to keep in mind what we know about the impact of the $600 benefit
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Matthew O'Toole
MatthewOToole2
Sorry to bore you with a thread, but we need to address the inaccurate, amped up talk of an 'economic United Ireland'.Sadly it's a lie. Brexit means that in all
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