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FuckyWucky [none/use name]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 9 days ago

US economy on an unstable knife edge at present

billmitchell.org

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US economy on an unstable knife edge at present

billmitchell.org

FuckyWucky [none/use name]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 9 days ago
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US economy on an unstable knife edge at present – William Mitchell – Modern Monetary Theory
billmitchell.org
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  • GnomeGodsGnomeMasters [none/use name]@hexbear.net
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    9 days ago

    Modern economic theory posits that when a nation’s economy becomes K-Shaped, there is but a single possible outcome:

    spoiler

    K-HOLE

    • LeeeroooyJeeenkiiins [none/use name]@hexbear.net
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      8 days ago

      You know that old norse ättastupa thing where they’d kill old people by throwing them off a cliff? I think when the economy becomes k shaped we should start doing that to the rich. Actually, just do that to them to begin with

  • nasezero [comrade/them]@hexbear.net
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    8 days ago

    geordi-no unstable knife edge

    geordi-yes sharpening contradictions

    Thinking back to that reddit-logo thread I saw yesterday, “What is an industry that is currently on fire (in a bad way) behind the scenes, but the general public hasn’t noticed yet?” and it’s just every possible industry being posted about classic

    • HexReplyBot [none/use name]@hexbear.netB
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      8 days ago

      A Reddit link was detected in your comment. Here are links to the same location on alternative frontends that protect your privacy.

      • redlib.nohost.network
      • red.ngn.tf
      • redlib.tux.pizza
      • libreddit.projectsegfau.lt
  • LeeeroooyJeeenkiiins [none/use name]@hexbear.net
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    8 days ago

    Nooo, the country that exported all of its manufacturing needs to a country which is also its rival and greatest rising threat and whose economic system is inherently fucked by the contradiction of being based on consumption spending while also keeping wages as low as possible, you’re telling me that country’s economy is unstable?? I’m so god dang shocked

  • blunder [he/him]@hexbear.net
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    8 days ago

    Hearing this since 2016

  • RION [she/her]@hexbear.net
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    8 days ago

    Yoooo Emerson Lake and Palmer reference???

    • Sphere [he/him, they/them]@hexbear.net
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      8 days ago

      Twofold, even (Paper Blood: “Livin’ on a razor’s edge/sharper than a knife”)

      • RION [she/her]@hexbear.net
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        8 days ago

        Yes man yes

      • HexReplyBot [none/use name]@hexbear.netB
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        8 days ago

        I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

        • yewtu.be
        • inv.nadeko.net
        • yt.artemislena.eu
        • piped.video

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