I do research, writing, editing, predicted our interminable financial crisis... Join me, janusdaniels on FB & bsky

Utah
Joined December 2008
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
Israel signed contracts worth millions with Trump-linked firms to target evangelicals, deploy bots and shape how AI chatbots respond about Israel @omerbenj haaretz.com/israel-news/secu…
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
Replying to @FischerKing64
The west has by no means conquered poverty, it is the number one export.
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Jessica Tarlov said what every official’s too afraid to admit: “The government has killed 32 people in 7 strikes with no proof they were traffickers. The admiral leading the mission quit. If we had evidence, they’d face a court, not a drone.” Seven strikes. Thirty-two dead. Zero indictments. That’s not “national security.” That’s extrajudicial murder with better PR.
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
The New American Dream is to Leave
America: From “Land of immigrants” to “Land of emigrants.”
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
US corporate profits are soaring and the stock market is in the biggest bubble in history, while c. 1 million jobs have been cut this year. The US has one economy for the rich, which is booming; and another economy for the vast majority of the population, which is in recession.
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
Since 1975, when the top marginal tax rate was reduced from 70% to 37%, $79 trillion in wealth has been redistributed from the bottom 90% to the top 1%, according to that bastion of socialism the RAND Corporation. Trickle down economics is a total scam.
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
China used 100,000 pigs to stop a desert, and it worked. #China
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Replying to @Graeber_social
In an ironic counterpoint to the Jetsons vision of an ideal future, where robots do the menial chores, the modern vision has AI producing art, music and literature while humans slave in sweatshops and factories for wages below poverty levels of subsistence.
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The mass slaughter in both Gaza and Sudan is inextricably linked to the bloody tapestry of Britain’s colonial history. Read the full piece from @kieran_andrieu: novara.media/47ZvMq2
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#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
There’s no actual reason for passports to even have sex markers on them, they didn’t even have them until 1976
The Supreme Court has allowed the Trump administration to block transgender and non-binary people from choosing passport sex markers that align with their gender identity. (apnews.com/article/trump-tra…)
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
In his new book, antitrust scholar and former White House adviser Tim Wu argues that tech giants are bleeding you dry—and lays out a plan to stop them. wired.com/story/tim-wu-age-o…
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
170% vs 120%. Private debt versus government debt in the United States. Guess which one gets all the headlines? The smaller number. Every economic crisis in modern history has been caused by private debt collapse, not government debt. The Great Depression. The 2008 financial crisis. Both followed the same pattern: excessive private debt buildup, then sudden collapse. Irving Fisher figured this out in the 1930s after losing everything in the crash. He spent the rest of his career warning about private debt dangers. Mainstream economists ignored him. They claimed debt was just redistribution between savers and borrowers, so it couldn't cause macroeconomic problems. They were wrong then. They're still wrong now. Ben Bernanke marketed himself as the Great Depression expert. He missed the 2008 crisis entirely because he didn't understand how banks actually create money and debt. After 2008, his solution was quantitative easing to encourage more lending. More debt to solve a debt crisis. We're still dealing with the fallout. Private debt barely fell after 2008, only 15%, compared to the 75% drop after the Great Depression. Stock valuations are higher than in 1929. Houses are out of reach for young people. My solution: A Modern Debt Jubilee. P.S. Want to understand the real mechanics of private debt and how a Modern Debt Jubilee could eliminate the $20 trillion household debt crisis? Watch my full breakdown in the comments. #Economics #PrivateDebt #FinancialCrisis #DebtJubilee #EconomicPolicy #MonetaryTheory #SteveKeen
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
Replying to @TheTNHoller
Anyone who keeps saying multi-millionaires and billionaires are paying "their fair share" need to listen to this...and plenty of others like him: patrioticmillionaires.org/
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Replying to @TheTNHoller
This is not sustainable. The middle class is out of wealth to give to the billionaires. Crony capitalism is not free market capitalism. Monopolies destroy capitalism by impoverishing the consumers, concentrating wealth in a few trillionaires.
#MMT #MoralMoneyTime #liftism 1st #liftist retweeted
CEO BRADLEY TUSK supports Zohran even though he’ll raise his taxes, warns fellow millionaires: 'If we're not careful, we'll end up with Elon and 25 trillionaires and unemployment at 19% - that just means the French Revolution.”
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Oil is the most Lovecraftian thing that actually exists. You're telling me that there's a black ichor under the earth, made from the ancient dead, whose burning can realize all the dreams of man but only at the price of slowly returning the earth to its primordial state?
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Over 40% of the U.S. population—including 48.9% of children—is considered poor or low income, per @Oxfam.
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Italian journalist Gabriele Nunziati confirmed that he was fired from Rome’s Nova news agency after asking European Commission chief spokesperson Paula Pinho why Israel should not pay for Gaza’s reconstruction, according to The Intercept. ■ At an October 13 press briefing in Brussels, Nunziati asked, “You’ve been repeating several times that Russia should pay for the reconstruction of Ukraine…Do you believe that Israel should pay for the reconstruction of Gaza since they have destroyed almost all its civilian infrastructure?” Pinho replied it was “definitely an interesting question, on which I would not have any comment.” ■ Two weeks later, Nunziati received an email ending his contract. ■ Nova confirmed the dismissal, claiming he “failed to grasp the substantial and formal difference” between Russia’s and Israel’s actions.
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If guaranteeing essentials sounds radical, it speaks to how far we have drifted from democracy‘s core promises. Markets will not beat back the far right. An antifascist economics might. Mamdani provides a playbook for democrats around the world. My latest theguardian.com/commentisfre…
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