Eric Breon

This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy

The Debt Limit Situation open.substack.com/pub/peoplespol…

For a truly progressive reform of Social Security, follow Alan Greenspan, not Bernie Sanders thehill.com/opinion/congre…

Take the 1:40 to listen to this from @JessicaLBurbank. twitter.com/The_Papa_Jon/s…

Biden’s Income-Driven Repayment plan would turn student loans into untargeted grants brook.gs/3di2oSk via @BrookingsInst

Historic announcement from the White House: Their announced rulemaking unlocks potentially game-changing policy tools for Dept of Energy. The Strategic Petroleum Reserve can now use fixed-price forward contracts to more flexibly promote energy security. whitehouse.gov/briefing-room/…

Central banks should keep their cool on inflation on.ft.com/3OI4PLo

Animal spirits?

I'm not anti rate hikes, I just want the pro-rate hike camp to be clear on what problem they are aiming to address, and via what channel their proposed rate hikes will do so.

@wbmosler In a high rate environment, expanded capacity can’t be justified, so existing competitors simply raise prices.

@wbmosler One obvious yet rarely discussed impact of rate increases is the impact on pricing. In a low rate environment, increased prices result in expanded capacity, both from existing competitors and new entrants.

Bless his heart, he's got the interest thing backwards: reuters.com/article/us-usa…

Just re-reading @AOC's comments on Don Lemon's show from the week I was on vacation again, and I'm struck by how much better her framing is than the vast majority of people who are paid to opine about inflation professionally.

@jialanw The proposed outcome may be similar, but the assumption that fiscal expenditures need to be funded with taxes or debt falls from from MMT. Managing inflation is key; simply spending towards an erroneously defined debt ceiling is dangerous.

@SenSanders The minimum wage will still be zero unless we also have a job guarantee.

A $15 minimum wage is not a radical idea. What's radical is the fact that millions of Americans are forced to work for starvation wages, while 650 billionaires became over $1 trillion richer during a global pandemic. Yes. We must raise the minimum wage to a living wage.

Who's afraid of zombie firms? piie.com/blogs/realtime… via @PIIE

@DanielAlpert @CornellLaw @StephanieKelton @Neil_Irwin I would like to join

REMINDER: Today at 3:00pm EDT @CornellLaw **World Economic Roundtable** “A Developing Post-Keynesian Synthesis” @StephanieKelton and Paul Allen McCulley in and on-the-record conversation with @Neil_Irwin of the New York Times REQUEST REGISTRATION BY REPLYING TO THIS TWEET