#Fiscal

Lyn Alden

LynAldenContact

When interest rates hit zero for the first time in decades, interesting things happen. Here's the 100-year chart of total debt to GDP in blue on the left axis, vs

Martin Erlić 🇭🇷

SeloSlav

Unpopular opinion time.This is a good policy.The logic is pretty simple. All wage workers are also consumers.https://twitter.com/FT/status/1354661769294319616 People erroneously jump to the basic conclusion that wage floors *always* result

Alfie Stirling

alfie_stirling

More meticulous, clever & hugely helpful work (in the main) from @JamesSmithRF and @resfoundation team yesterday.But found the logic on consolidation -- and the rationale that gets to £40bn in

Philipp Heimberger

heimbergecon

Campaign Against Italy Nonsense #CAINThis thread presents data that strongly reject claims that 's problem has been a lack of fiscal discipline.Italy is the pre-Corona world champion of fiscal consolidation

Eric Basmajian

EPBResearch

The deflationary output gap...how big is it and how long will it take to close? 1/ The nominal GDP output gap reached 10% of potential GDP in Q2 of 2020,

Pedro L. Gonzalez

emeriticus

Bernie Sanders is right. Mitch McConnell and the GOP in general have no problem providing various interest groups unlimited amounts of money but become fiscal hawks when it comes to

Christopher K. Mellon

ChristopherKMe4

The newly enacted Intelligence Authorization Act incorporates the Senate Intel Committee's report language calling for an unclassified, all-source report on the #UAP phenomenon. This was accomplished in the Joint Explanatory

Abundant Housing Massachusetts

AbundantHomesMA

We've spent decades encouraging housing development next to transit, and the T is planning to drastically reduce service to commuter rail stops exactly where we've asked cities to put walkable,

Jason Furman

jasonfurman

The argument for deficits & debt raising interest rates in the US is not increased credit risk, it is that interest rates are a function of economic fundamentals, flows &

Jason Furman

jasonfurman

Historically rules/institutional frameworks for monetary and fiscal policy were motivated by the concern that politicians were BIASED towards too much deficit increase, inflation, living for the moment, etc. Certainly some

Sheila Bair

SheilaBair2013

This idea that we can enjoy virtually unlimited spending when interest rates are so low ignores the risk that all that debt may need to be refinanced at a higher

Dr Mo

MassPolProfMo

My favorite part of this story is that MassGOP Veterans Coalition chair John MacDonald, who spoke to @stephanie_murr for the story, also works at @massfiscal founder @RickGreenMA biz, 1A Auto

Ravi Yadav

RaviYadav_39

So a lot of debate has been sparked about the timing & the scale of fiscal intervention(AD). Some say, govt should've intervened in April itself, while some believe it should

Jack Salmon

_JackSalmon_

This report is entirely ignorant of decades of academic literature on fiscal consolidation. Spending cuts have negligible effects on growth and sometimes positive effects. See Alesina, Giavazzi, Ardagna, Romer &

Max Fawcett

maxfawcett

Catching up on @TheHerleBurly episode with Amanda Lang, and it was frustrating to hear Jenni Byrne spouting obvious lies about the carbon tax -- and not have them get pushed

Ember November - #WearTheDamnMask

ember_november

Observation (small thread):When the NDP passed legislation to protect farm workers, give them the same rights as employees in other industries, & meet federal legislation, Notley got death threats. Kenney

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