pet rock

It can't be repeated enough: Believing federal taxes are used to finance spending leads to fear-driven politics, misinformed policy, unnecessary austerity, rising inequality, economic stagnation, and poor inflation management. All based on a false household budget analogy.

@MrSamRayburn @Noahpinion @Jesse_Livermore Noah Opinion serves the corporate lane.

@Noahpinion @Jesse_Livermore This is so stupid. Only the Democratic Party elite care about this at all. This is not an issue that matters outside the beltway. How about solutions for inflation, tech addiction, Iran, social crises, jobs? Those are things people actually care about.

I’ve sat here for years and watched the Republicans embrace their worst extremists. I don’t want to see the Democrats do the same. noahpinion.blog/p/hasan-piker-…

@Noahpinion So you're not only bad at economics but politics too?

@JesseBWatters Wow, Stephen Miller says?! Whoa!!

🚨 HOLY SMOKES: Stephen Miller SAYS Trump just LOCKED IN a 100-YEAR WIN 🇺🇸🔥 “Iran is IN A BOX… this is CHECKMATE” 💣 DEAL? America wins. NO DEAL? Iran becomes a “FOOTNOTE” 😳 THE LESSON? “NEVER LISTEN TO A PANICAN” 🤣

@Handre Did you think you had a better chance of getting people to buy your BS by prefacing it with PDF?

British pedophile John Maynard Keynes made a catastrophic error: he claimed that saving reduces investment by lowering consumption. Pure nonsense. Real savings CREATE investment capital. When you save $100 instead of spending it, banks lend that $100 to entrepreneurs who buy machinery and expand production. Keynes got it backwards. Lower consumption from higher saving frees up resources for capital goods production. The saved money doesn't vanish; it flows directly into productive investment. His "paradox of thrift" ignores basic accounting reality.

@neeratanden For the most part, the Democratic Party is trash.

The Never-Trumpers treat the Democratic party a lot better than Piker does.

@Matt_Pinner Sideways. Doesn't take a genius to look at the nose though.

Genius test. Is she facing forward or sideways? A) Forward B) Sideways

@unusual_whales I would say to him... "Did you not learn from your former advisor, Stephanie Kelton? Tax the rich to diminish their influence, yes. But their money has no bearing on the government's ability to spend on necessities for everyday Americans. Tax payments don't finance spending."

Reporter: What do you say to people like Bernie Sanders who says billionaires don't pay their fair share? JPMorgan's Dimon: I don't know what he means by fair share

@EricLDaugh Wow. Good thing full tankers are not heading to pick up more oil.

🚨 BREAKING: President Trump says American oil tankers are SURGING to load up right now Huge! “Massive numbers of completely empty oil tankers, some of the largest anywhere in the World, are heading, right now, to the United States to load up with the best and “sweetest” oil (and gas!) anywhere in the World. We have more oil than the next two largest oil economies combined - and higher quality. We are waiting for you. Quick turnaround! President DJT”

@bennyjohnson "completely empty"? Why wouldn't they be? What full tanker goes to get more oil? "Massive numbers"? Source on that?... trust me bro.

New from President Trump:

@wbmosler "completely empty"? Why wouldn't they be? What full tanker goes to get more oil? "Massive numbers"? Source on that?

This is a particularly stupid post. :(

@JamieMetzl You lack critical thinking skills.

Any democrat who doesn’t unequivocally condemn Hassan Piker is as reprehensible as any Republican who doesn’t unequivocally condemn Nick Fuentes.

@RobSchneider Who TF are you? Kick rocks, has-been.

I officially RECOGNIZE the NEW INDEPENDENT NATION of ALBERTA and its separation from the People’s Republic Of Canada and the socialist morons in Ottawa.

@MerrynSW What does that ("believe in MMT") even mean? MMT describes modern monetary operations.

Very bad thing. BTW. Unless you believe in MMT in which case it is absolutely FINE. Pod coming...

@lafih22 @RichardJMurphy I'm so curious as to where he got this mistaken idea. "force people into work"??

@RichardJMurphy What you've missed here is the originators of MMT, Warren & Bill both include the JG as an inherent part of MMT for price stability. It is up to the originators to define what it is and what isn't. It is no panacea, it has never been claimed to be so, it serves a function is all

The job guarantee is not an MMT panacea: it’s just one policy option taxresearch.org.uk/Blog/2026/04/0…

@RichardJMurphy With all due respect, but where on earth did you get the impression that MMT's job guarantee framwework is "authoritarian" and "forces people into work"? I'm quite shocked you somehow came to this conclusion as a well-informed and critical thinker. youtube.com/watch?v=a27AfF…

@EvanAKilgore "energy is gone"... Pretty passive way to describe the moral deficit of the "movement". Just implies you're ready to jump on the next destructive train that comes along.

MAGA is dying. The energy is gone. Trump turned out to be just like the rest of them. I say this as a 3x Trump voter. It sucks but once you wake up, you can't unsee it. Nobody is coming to save us.

@craigduddyecon What you're calling "savings" there is really deposits/capital/liquidity. Those are balance sheet items, not a pre-existing pool that funds investment. Loans create deposits, not the other way around.

@petrock And savings make up a significant component of those balance sheet limitations. No one is saying banks cannot settle in any case on any other funds, because that’s clearly a simplification. Yet, savings make up a vast amount of banks perceived solvency. Same story with liquidity.

Keynes and Minsky are bread and butter. Keynes explains why firms invest. Minsky explains how they finance that investment, and how fragility builds. Meanwhile, mainstream economics is still out here insisting saving causes investment.🤪

@CrespiEnrico That's definitely one channel.

@petrock Maybe in AI. Where nobody could mask fragility.

@EdKrassen Unfortunately, Trump and Israel have already proven they cannot be trusted with a ceasefire agreement.

BREAKING: Multiple updates on the war in Iran overnight. • A senior Iranian official says Tehran will not bow to deadlines or external pressure when making decisions • Iran is refusing to reopen the Strait of Hormuz in exchange for any temporary ceasefire deal • Officials in Tehran believe the U.S. is not prepared to commit to a lasting ceasefire • Iran’s Foreign Minister argues that a short-term truce would only prolong what he calls ongoing “crimes,” insisting on a full end to the war • Meanwhile, France’s central bank has shifted 129 tonnes of gold from New York back to Europe, signaling possible strategic repositioning • Jamie Dimon warns the Iran conflict could trigger major oil and commodity price shocks and potentially reshape global supply chains

@CrespiEnrico I don't know, but in a Minskian sense we are always moving toward another moment. The question is not if, but where fragility is building.

@petrock Do you think we are currently going to a "Minsky Moment" in some sector today, or are central bank actions successfully cover the fragility?