#Fiscal

Ricardo Reis

R2Rsquared

** MMT is the new supply-side economicsForty years ago, some economists started from an uncontroversial (but important) result: a lower tax rate raises the tax base, so revenues won't fall

Nils Redeker

niredeker

My new lock-down pal & I are psyched that we finally got a copy of "The Politics of Bad Options" @OUPPolitics with @stefwalter__ & @ariray_ Since all our data is

🇭🇰 Kunal Shah 🇺🇸🇬🇧

realKunalAShah

To the extent we have much larger securities issuance- and more relevant the net issuance across corporate bonds, MBS, equities, converts and especially treasuries. If you strip out fed purchases

Philip Rocco

PhilipRocco

Evers’ new executive order on COVID-19 may be advisory, but local governments can use this as an opportunity to re-evaluate the regs we have in place. Essentially we’ve swapped actual

Michael Pettis

michaelxpettis

1) According to a global strategist at Rabobank, “Past an unknown critical threshold, [using monetary policy to deal with public deficit] could see the collapse of US dollar currency hegemony

Ken Boessenkool

KenBoessenkool

I took a pretty vitriolic run at this piece in an earlier tweet, and got taken to task for denigrating rather than debating. So here’s a thread quoting from the

Eric Basmajian

EPBResearch

Consensus continues to conflate the inflation story, mixing and matching long-term and short-term charts to fit what is generally a secular inflation narrative. Here are my two cents to make

Gad Saad

GadSaad

Reporter: What is @joebiden's fiscal policy?@PressSec: Our secretary of treasury is the first two-spirited person of girth. We should celebrate this.Reporter: What is @joebiden's geopolitical position on China?@PressSec: Are you

Beth Baumann

eb454

Some highlights of garbage in the COVID relief bill.Invasive Species assessment, mitigation and reductions. Price tag: $130,000,000 (pp 1594) Creating a US-India Gandhi-King Development Foundation with an annual budget of

Irenist🇻🇦🇺🇸🇮🇪

1renist

The GOP can adapt to this by becoming a multiracial religious party—and winning—or a white nationalist party—and (deservedly) losing anyway.There aren’t enough white Christians left to split the difference.https://twitter.com/adam_t

Hugh Hendry Eclectica

hendry_hugh

Name the top 3 biggest CB mistakes over last 10 years? I’ll get you started - ECB and the lamentable JC Trichet raising policy rates 2x back in 2011. My

Lucas Guttenberg

lucasguttenberg

So what does yesterday's internal @CDU spat on a possible reform of the debt brake tell us for the coming months? @COdendahl has the optimistic take that a taboo was

William Stiles

feministwilliam

The Honourable @Bill_Morneau, Canada’s Minister of Finance:a thread.#cdnpoli • raises income taxes on the wealthiest one percent, in order to cut them for nine million middle-class Canadians. As a result,

Elliott Ash

ellliottt

“In politics, when reason and emotion collide, emotion invariably wins.” -- Drew Westen, The Political Brain.Interesting idea! What do the data say about that?New working paper: "Emotion and Reason in

Ātman, the absolute ⟠

InfiniteAtman

1/ #CBDC’s are coming, and they are coming soon. Both wholesale and retails #CBDC’s require digital native and asset agnostic payment rails.This is a tremendous bull case for Flexa and

Paul Krugman

paulkrugman

For all the horror of this past week, this may matter more for America's future. Aggressive fiscal policy will be crucial not just for American families but for the future

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