Mastodawn

I can remember well the autumn of 1976 when the #callaghan government made a deal with the #imf when it would have wiser to wait for the #us administration to change - not my view only! #callaghan had a perniciously arrogant son in law - #peterjay - who was a hard line #monetarist and #neoliberal and had undue influence at the time. Eventually the daughter acquired a much better husband! However at least that #labourparty allowed vigorous internal discussion!

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Jakob Steffen Jan 18, 2025

Inflation in the US, then, followed from fiscally created demand in excess of supply, financed by the necessary additional money. That's the very point about deficient #monetarist thinking: It's money supply following demand, not some exogenous supply pressed into the market.
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Jim Patterson 🇨🇦Jan 17, 2024

@jsbarretto @hula @pedestrians1st @ChrisMayLA6 @KimSJ Calling it "quackery" or words to that effect are really just attempts to slander it IMHO. While I won't argue that it's a drop-in replacement for our current economic system, it seems to be much better grounded than the current #monetarist approach that seems to rely on highly theoretical and unproven models of how economies should behave.

Freakwater ✌️Jun 22, 2021

Q: 1879-1933

A: What are the years that the United States was on a true #gold standard.

Only 22% the US’s existence. Furthermore, a full 25% of the gold standard years coincided with the Great Depression. #economics #finance #currency #crypto #Keynesian #monetarist #deflation #inflation #fed #tariffs #Austrian