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Reginald Glenn ♨️
Pseudonym. Economics proselytist. Culture war shitposter. Former econ post grad turned software engineer.
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Reginald Glenn ♨️ 44m
That makes more sense but none of the factors you describe are new to economists, at least certainly not for the last few decades (if ever) - and this doesn’t cause inflation but more likely deflation.
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Reginald Glenn ♨️ 4h
The era of fiscal dominance has arrived.
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Reginald Glenn ♨️ retweeted
Jo Michell 4h
Replying to @CJFDillow
MMT versus The Mainstream -- Murphy/Mitchell et al on the left, Carlin and Soskice on the right (ht > ). Do you see it now!?!
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Reginald Glenn ♨️ 14h
Replying to @MaxJerneck
Was this generated by AI?
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Reginald Glenn ♨️ retweeted
Chris Auld 16h
I'm on a Zoom call with historians. Apparently they recently found out that some stuff happened in the past.
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Reginald Glenn ♨️ 16h
Why not "will never stop growing unless policies change"?
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Reginald Glenn ♨️ retweeted
James Medlock 17h
A lot of people were mad at this, but if by "degrowth" you don't actually mean that we should de-grow the economy, maybe it shouldn't be called degrowth
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Reginald Glenn ♨️ 17h
Replying to @EconoGarry
From a desire to actually defend the study of economics from people, both within the discipline and outside, who do nothing but trash it.
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Reginald Glenn ♨️ 18h
I never once used the term wage labour.
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Reginald Glenn ♨️ 19h
You're missing that what's scarce includes time and labour - beyond a certain population density we *have* to produce things to survive no matter what; that involves making decisions about how we spend our time and energy - this is scarcity and it's unavoidable.
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Reginald Glenn ♨️ 19h
Imagine thinking economics is a single model.
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Reginald Glenn ♨️ 19h
It is absolutely, undeniably true that humans need to utilise labour and energy to survive right now - this isn't arbitrary, and if you say this is false you've totally discredited yourself and nobody should take you seriously under any circumstance.
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Reginald Glenn ♨️ 19h
You're spouting pure, unadulterated, uncritical idealogical gibberish - but most importantly you're totally misunderstanding what scarcity even means. It's not about a hypothetical carrying capacity of the earth under ideal circumstances where production is maxed out.
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Reginald Glenn ♨️ 19h
Do you believe people are just born with immutable beliefs hardwired into their brain or just that there is no use in analysing the material or social conditions that cause beliefs to form?
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Reginald Glenn ♨️ 19h
You’re starting to sound like some weirdo anpriv who believes we can just freely frolic in the wilderness at even 5% of our current population without having to concern ourselves with resource scarcity.
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Reginald Glenn ♨️ 19h
Which concepts do they not require? The conversation is about scarcity, you’ve been conned into believing scarcity doesn’t matter - except it even matters for the most basic things like nourishment and shelter!
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Reginald Glenn ♨️ 20h
I mean it doesn't actually, only that it's desired - but, obviously, at the very least food and shelter production is actually essential for 99.999% of humanity.
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Reginald Glenn ♨️ 20h
We've come a long way from 'snake oil' to 'pro capitalist bias', obviously bias exists but please don't be under any illusion that other disciplines in social science are any different in this regard.
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Reginald Glenn ♨️ 20h
This isn't even true, scarcity exists without requiring any hoarding - the amount of hours in a day people can work is finite, the amount of energy available is finite.
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Reginald Glenn ♨️ 20h
That causes the 'stag' part, but not the 'flation' part. Speaking broadly in simplistic terms, inflation (prices going up) is caused by too much money chasing too few goods, so either a shortage of some kind or overwhelming demand - people not buying stuff doesn't come under that
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