The Executioner
949 posts
@arealmermaid2 So if we’re gonna play the credential game what are your credentials to defend MMT? If you ask me what are mine to question your position round and round we go
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Aren’t you a Software Engineer? What are your credentials? I doubt your little pamphlet debunks the extremely erudite Textbook, MACROECONOMICS, by PHD MMT Economists from the USA & Australia, Professor s Mitchell, Wray, & Watts!
Emmanuel Maggiori@EMaggiori_
Today is launch day! Modern Monetary Theory #mmt is a seductive economic theory that's making the rounds around the world. It was popularized by Stephanie Kelton in her book The Deficit Myth, and it's been influencing politicians around the world. The theory was dismissed by traditional economists right away. But I didn’t want to do that. I wanted to learn as much as I could before drawing conclusions. So, I approached it with an open mind and read over 3,000 pages of work by modern monetary theorists themselves and their most thoughtful critics. The conclusion: MMT is not good. But I think we all need to understand what MMT says, as it’s a deeply seductive theory with the potential to cause a mess. Get a copy of my new book now :) amazon.co.uk/dp/1394375255/
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@shanedk @andrewpprice True it’s the trade off between quality and quantity. I expect optimization will be needed to improve render times.
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@andrewpprice It's Blinn's Law in action. People don't save time; they take the same amount of time and increase quality.
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The cost and team grew 4x in this time, despite better tools making it cheaper and easier. Quality is always a moving target.
PmAmTraveller@pmamtraveller
A 24 year difference in animation
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@DEhnts It’s almost like some heterodox schools of thought (that are still running) got ride of homo economicus or never had it to begin with.
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When you realize that your economics degree is worthless:
The neoclassical production function has blinded economists for many decades, since it omits energy and resources.
The homo oeconomicus (the individual) removed social structure.
The result: irrelevant economics.
Anna Wong@AnnaEconomist
Every major powers, to remain major powers, must now have some choke points they can lever. What a shift from the years when I learned economics from school.
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@shanedk @AxelTalksFilm And technically it’s ASA on film since ISO is digital but when scanned we tend to interchange the terms but max we can get is 800 ASA to 3200 ASA when we push it
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Uh, no, BAD example. Look at the EXIF data in the photo. To shoot the night side, Commander Reid Wiseman used a Nikon D5 and set the ISO to 51,200! I don't think they ever made film that high-speed! To get that exposure on film, you would have needed a seconds-long shutter speed, which means that ANY movement would have blurred everything.
Even at that, Wiseman still had to use a shutter speed of 1/4-second. Which is why it looks as noisy as it does. But has there EVER been a photo that captured Earth's night side as beautifully?
None of that is an issue when shooting the full Earth, as Apollo 17 did.
Those two photos are apples and oranges.
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probably the most simplistic example in history of why film is superior to digital
Pop Base@PopBase
NASA shares 1972 vs 2026 photos of Earth.
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@shanedk @AxelTalksFilm I shoot film and the max realistically is 800 iso pushed to 3200 in development. Kodak 3200 is technically 800 but can be pushed to 3200. Either way you’re right
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@JimJesus Why not Harding seems like a stable not totally bipolar schizophrenic person
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I would never hire a communist. Not even to mow my yard.
Naruto@NarutoNolimits
Duolingo CEO thought his employees were communists
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@NewmanJ_R @GeorgeSelgin It seems like he likes to burn bridges when it comes with arguments
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Monetary expansion needn’t involve any Cantillon effects even if it occurs in connection with bank lending. Like the Austrian business cycle theory, Cantillon effects are a hobby horse certain Austrians seem bent on running into the ground.
There, I’ve said it.
Handre@Handre
The Cantillon effect is the most devastating—and deliberately ignored—mechanism by which the state plunders the masses to enrich its cronies. When central banks create new money, it doesn't magically appear in everyone's pockets simultaneously. It flows first to politically connected banks, government contractors, and asset holders who get to spend this fresh purchasing power before prices rise. These first recipients are the winners. They buy real assets, expand their businesses, and invest in stocks and real estate while prices still reflect the old money supply. Meanwhile, working families—last in line to receive this new money through wages—watch their purchasing power evaporate as prices rise ahead of their incomes. The wealth transfer is systematic, massive, and completely invisible to those being robbed. This isn't some unintended consequence. It's the entire point. The state and its banking cartel have perfected what Scottish gambler John Law pioneered in 18th century France: legalized counterfeiting that redistributes wealth upward while the victims cheer for "economic stimulus." Wall Street celebrates quantitative easing while Main Street wonders why groceries cost twice as much. British pedophile John Maynard Keynes knew exactly what he was doing when he advocated for inflation as economic policy. "By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens," he wrote. And confiscate they have—trillions transferred from savers to speculators, from workers to Wall Street. Every dollar printed is a vote of no confidence in productive work and honest savings. The Cantillon effect proves that inflation isn't just theft—it's the most regressive tax ever devised, disguised as monetary policy.
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@IranArmyStan Number 16 “Show Me More” is that a country for the Moors? Or did you want Moor attention?
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@BevansAdvocate I mean I’ve read General Theory, Deficit Myth Etc and I can say I don’t agree with them but it’s okay to read things you don’t agree with
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Someone recommending Sowell is honestly a common signal they've never engaged with the wider economic literature
Whole Mars Catalog@wholemars
Read this to understand the world
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@shanedk @dilanesper I hate those damn things where I lived everywhere yet that was Massachusetts
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I've heard that many times. Then they install them, and they ALWAYS work. People figure them out in MINUTES.
I don't know what sort of self-hating misanthropy this is, but it's just WEIRD! Especially since a lot of these same people seem to cream themselves over the death traps that are Michigan lefts...
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traffic circles suck and one of the reasons i don't trust a lot of policy wonks in this area is because they advocate this
drivers do not understand them which means tons of accidents and near misses. Go back to signals and stop signs.
Mark R. Brown, AICP, CNU@CompletedStreet
Roundabouts are the closest thing to a cure-all. -Better traffic flow -Lower injury and fatality rates -Lower maintenance costs -More aesthetic than traditional intersections We need more of them.
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@shanedk Sorry my mechanical calculator broke the universe
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Goddammit! Who divided by zero???
Curiosity@CuriosityonX
🚨 New data from the Chandra X-ray Observatory shows a massive 230-light-year "fracture" in a galactic filament.
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@lporiginalg What’s that old phrase I think it’s “Sic semper tyrannis” would be the FAFO if you tyrants tried killing us
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@shanedk @Rainmaker1973 What I’m saying is for every piece recycled after a certain point it’d be more economical just to make it new
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@Th4Executioner @Rainmaker1973 Not with aluminum. With glass, I think it depends on how many impurities you're willing to put up with.
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Glass is a true "permanent material"—it can be recycled indefinitely (100% closed-loop) without any loss in quality, purity, or performance. Unlike most materials, its chemical structure remains unchanged through repeated melting and reforming, allowing old bottles and jars to become brand-new high-quality containers forever.
This stands in stark contrast to plastic, which is far cheaper for companies to produce and transport (lighter weight means lower shipping costs, and raw material/energy inputs are generally lower). Yet this short-term savings comes at a steep environmental price: we're degrading ecosystems, landfills, and oceans to cut a few cents per unit.
Glass offers genuine sustainability advantages when recycled properly:
• Using cullet (recycled glass fragments) replaces virgin raw materials (sand, soda ash, limestone)—one tonne of cullet saves about 1.2 tonnes of new resources.
• It slashes energy use dramatically: every 10% increase in cullet reduces furnace energy needs by ~2.5–3%, and melting 100% cullet can cut energy by up to ~40% compared to virgin production.
• CO₂ emissions drop significantly—studies show ~580–670 kg saved per tonne of recycled glass (cradle-to-cradle), with up to 58–60% reduction when using high cullet percentages.
• Fewer raw material extractions mean less mining impact and habitat disruption.
The key to unlocking glass's full potential is clean, color-sorted collection. Mixed colors or contamination (from curbside debris, ceramics, or other recyclables) often downgrades glass to lower-value uses like fiberglass insulation or road aggregate instead of bottle-to-bottle recycling. Proper sorting—by color and purity—keeps it in the premium loop.
By improving recycling habits (rinsing containers, separating by color where possible, and supporting deposit-return systems), we can maximize glass's role in a true circular economy. It's one of the few packaging options that genuinely protects resources long-term—let's not sacrifice it for cheaper, disposable alternatives that harm the planet.
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@shanedk @Rainmaker1973 Isn’t there a point in which there are diminishing returns for a material when recycled?
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@Rainmaker1973 Actually, aluminum is a bit better for that, because it's much easier to remove impurities.
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1. Schumpeter: Capitalism is not a system that settles into equilibrium
The assertion that capitalism is not defined by the idea of equilibrium is one of Schumpeter’s most important insights. Capitalism, he argued, is defined by its ‘production line’ of new products,
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@JimJesus @MentisWave Honestly I think people aren’t getting past the first exercise in logic, If I attempt to run someone over what are the chances it’ll end in a good way?
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@MentisWave You have to think the ICE agent is a hero or that the woman did nothing illegal. Any nuance and you're a woke libbed out commie or an actual Nazi.
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Some people requested my take on the ICE shooting.
I honestly think that Renee just freaked, didn't know what to do, and made a stupid decision in a panic.
The officer who fired would have no way of knowing if she was trying to run him over or if she was just having a woman moment.
After watching the footage a few times over, I strongly suspect that she was just having a woman moment. It didn't look like she was seriously trying to run him over, but it was reckless and spastic.
I know this isn't the most interesting take, but sadly this is likely the case.
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@AlisDekay His Coveant Community framework can be used to justify all sorts of communities, say a gay community that only lets gay people live there. It’s a framework and people don’t understand how to apply it
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Hoppe, while incredibly flawed, is incredibly intelligent and you literally think he advocates violating the NAP against gay people because you never read him.
LibertarianDot🟨🟦@LibertarianDot
@AlisDekay Hoppe is dumb.
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@MaOcto @mulleceps @RepThomasMassie @KimDotcom I think the point is the machine gun charges are tacked on. How would a US Gun Law apply to Venezuela?, The Narco charges and terroism okay possible it applies outside US. But gun charges of US Law applying to foreign land? What next US Gun Law applied to the world?
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If this action were constitutionally sound, the Attorney General wouldn’t be tweeting that they’ve arrested the President of a sovereign country and his wife for possessing guns in violation of a 1934 U.S. firearm law.
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@MostlyPeaceful @romanhelmetguy So did that work with Iraq? or Drug Prices with Afghan poppies?
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@romanhelmetguy Complains about the national debt.
Gets mad when we gain control of $17T of oil.
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I call libertarians “losertarians” because that’s literally what they are. They want the govt to do nothing. So when Dems are in power, they vote with Reps. And when Reps are in power, they vote with Dems. Indistinguishable from just always wanting to be losers. Losertarians.
Thomas Massie@RepThomasMassie
AG and others legally characterize attack in Venezuela as “arrest with military support.” Meanwhile Trump announces he’s taken over the country and will run it until he finds someone suitable to replace him. Added bonus: says American oil companies will get to exploit the oil.
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