** MMT is the new supply-side economics
Forty years ago, some economists started from an uncontroversial (but important) result: a lower tax rate raises the tax base, so revenues won't fall as much. But then they ran with it, predicting tax rate cuts could raise revenues.

1/13

The 80s supply-siders went to the limit and came up with a motto: lower taxes will lower deficits as a norm, not an exception. Many economists shouted this was backwards. It was an implausible limit case. Textbooks called them "charlatans and cranks" or "silly".
2/13

In 80s debates, supply-siders would often fall back to "you don't understand me", repeating "Laffer curve!" endlessly, or stating vacuous accounting identities about how the government collect taxes. Their extreme prediction was repeatedly proven wrong by theory and data.
3/13

But they had popular hero figures (Laffer, Moore), and an eager political audience that would use any argument to cut taxes. Eventually, they inspired new good research, and helped in swinging the pendulum of policy debates to include some valid supply considerations.
4/13

Yet, supply-side economic ideas also contributed to a massive rise in US public debt in the last 40 years. Right-wing governments became as prone to have large public deficits as left-wing governments, in the pursuit of cuts in taxes.
5/13

1️⃣ How the Yemeni Civil War (2014–present) is portrayed in the main stream media

2️⃣ This one is a little different, it hits close to home in many different ways, the Yemeni Civil War is a unique phenomenon in moder warfare, the majority of people don't even know what's really going on and who's fighting who.

3️⃣ The combatants :
Iranian backed Supreme Political Council (Houthis)
  International recognized Government (Hadi-led government)
  South Yemen Nationalists Southern Transitional Council

4️⃣ The (allegedly Turkish and Qatari backed) Islamic State of Iraq and the Levant – Yemen Province (ISIL-YP)
 The (allegedly Iranian and Qatari backed) Ansar al-Sharia and Al-Qaeda in the Arabian Peninsula (AQAP)

5️⃣The so called Supreme political council of Yemen is a Mish mash of bad guys and misfits, Iran supplies the Houthis with arms, drones and ballistic missiles, Hezbollah delivers these arms through shell corporations and Hezbollah operators man the missiles

👉#ExcludedUK 1 Year Thread.

February 2020

I left my home town in Wales to take up a trial near Basingstoke but it wasn't a good fit so I finished up the week as agreed and returned to a former employer in Cornwall. It's always important to leave jobs in the right manner.

👉 #ExcludedUK

March 2020

Boris Johnson told the general public to avoid pubs, clubs and restaurants but then after just twelve days in my new job I was asked to stay home, to save lives and to protect the NHS. In return we were told no one would be left behind....

👉 #ExcludedUK

April 2020

Due to being ineligible for the Coronavirus Job Retention Scheme, despite being in full time employment before it was created, Universal Credit was the only option available for me. I was one of the "lucky" ones. I was also £1300 a month out of pocket

👉 #ExcludedUK

May 2020

Debts were quickly mounting up as I had no savings & was reliant on my income, now down to £417 a month. I thought I got Covid but it turned out I was just experiencing panic/anxiety attacks which led to me being taken to Royal Cornwall Hospital. Scary!

👉 #ExcludedUK

June 2020

I was at my wits end tbh. I'd look at my chef knives and wonder how easy they would slice through my veins. I'd sit by the sea and think how far I could swim before giving up to drown. I battled with so many dark thoughts but I just clung on.

Welcome back to #Y4SJBookClub

Today we are going through Chapter 1 of "Sexing the Caribbean" by Kerala Kempadoo

Please share widely and contribute your own thoughts about the chapter.

The convention is:

No brackets are paraphrases from the book (brackets is tweeter opinion)

Global media often portrays the Caribbean as exotic and "backward"

A sex crazed and not advanced society.

This book aims at undoing this Colonial view of the Caribbean.

(some Caribbean people share that colonial view 😒)

#Y4SJBookClub

As Frantz Fanon (we should be reading his work soon as well) said:

"Colonial Discourses are deeply embedded in the psyche and behaviour of the colonised"

(we see this frequently in how we police women like its the early 20th century still)

#Y4SJBookClub

Caribbean sexuality is of significance to understanding the past, present and future of the Caribbean

(one YSJ member highlighted how 🇹🇹 has not done a proper post colonial introspection. Hopefully works like this help)

#Y4SJBookClub

The book uses the broadest definition of the Caribbean as possible, but indicates that some sections would only apply to sub definitions of the Caribbean.

For this book
Caribbean = all the islands plus Belize, Suriname, Guyana and French Guiana

#Y4SJBookClub

There was a newsweek article that was posted in multiple telegram groups (Wethemedia and 432hrtz), Bruno made a gab posts about Thomas Wictor analysis on

Thread:
I suggest u read it yourself with fresh look and make your own search (both article and brunos posts of Thomas Wictor)

Article was from 18 march 2020

I tried to look at it and got on some interesting findings

In no way i’m suggesting that it is “right” or wrong path, but for me it was interesting. As always there perhaps multiple layers to it and different paths

So..where did i go with it?

Inside an article i found a specific line that somehow got my and not only mine attention

Tried to use maximum autism and go on a rabbithole journey with it

Again...i might go wrong way on this (as many other times i tried research such cryptic stuff and drops), but still interdasting

I went on his wiki.
Outstanding career. Got a legion of merit award (wiki : on back of all medals motto of Great Seal of United States - "ANNUIT COEPTIS" ("He [God] has favored our undertakings")
Until retirement he was Commander, USNORTHCOM; Commander, NORAD

One reason the Left hates Rush so much is that he was so effective at skewering their pretensions to moral and intellectual superiority. He made it okay to laugh at them, to judge the failure of their policies without ritually celebrating their alleged good intentions.

Most recent T&T data now out, covers 4th - 10th Feb

LFD use continues to rise but more slowly than last week and T&T performance remains consistent.

And as ever we don't know about who isn't tested and who struggles to isolate.

🧵

https://t.co/lffa72M9YJ

The number of people being tested each week remains high at around 3m, but this is due to increasing use of rapid lateral flow devices as PCR test use falls.

The number of LFDs used has increased five-fold since the start of Jan, and 35% in the past two weeks (although noticeable slowdown this most recent week).

By contrast, PCR test use for people with symptoms fallen week on week for the past month (PHE positivity data due later).

LFDs are generally used by people without symptoms to find cases that might otherwise unknowingly transmit disease. Current use focuses in places like schools, health and care, some workplaces, and community testing sites run by local gov for people who can't work from home.

There's definite variation in their use across the country (but note chart isn't pop adjusted) and as mentioned last week, will need to keep close eye on how use varies, particularly among more vulnerable and deprived groups.

Need to mitigate any unintended harm, esp around jobs

Lunchtime update from the Grenfell Tower Inquiry:

President of Arconic's French arm accepts customers were 'deliberately and dishonestly misled' over fire classification of cladding panels, as he is asked about email saying failed fire test must be kept 'VERY CONFIDENTIAL'

The most interesting point of this morning's evidence came right at the end of the session when Claude Schmidt was grilled about an email his colleague Claude Wehrle sent regarding the serious failure of polyethylene-cored ACM panels when bent into a cassette form in March 2010

Remember: Arconic in 2004/5 tested its ACM PE panel when bent into cassette and when bolted to a wall with rivets. The cassette version failed spectacularly, burning 10 times as fast. But Arconic dismissed this as a 'rogue result' and drew no distinction in its marketing...

... simply presenting the panel as a 'Class B' (the rating for the rivetted panel, and the required standard for many European countries). Skip forward to 2010, and this email chain.

Mr Wehrle, the firm's senior technical member of staff is told about a trend in Spain and Portugal where clients are demanding more fire resistant panels, and warned that with this type of panel "our prices are no longer in the market"

If you make more than $100k per year you should have a Virtual Assistant.

If you don't, you're wasting your time on stuff that doesn't matter.

Here's the process I've created to find, interview, and manage great VA's after doing this for 5 years:

There's a lot of tasks you work on that are well below your intellectual capability.

Booking haircut appointments, ordering groceries, and finding flights is a waste of time.

First, you want to find out what tasks can you delegate.

Here's how:

Track everything you do every 15 minutes in a spreadsheet. Create 3 columns w/ the below questions

1. Do I like doing this?
2. Is it repeatable?
3. Can it be delegated?

If the answers are No, Yes, Yes -- you've found tasks to delegate!

We'll jump back into these tasks later.

Before we learn how to find them, let's understand the types of VA's:

1. Individual Freelancers (Low cost & High cost)
2. Agency VA's (High cost)

My experience has been with low-cost VA's (under $6/hour). I've gotten the same level of quality that I would with most US VA's.

Now, here's how we craft the right job post to attract the best ones: Be as specific as possible with what you expect. Here’s an example:

Also ask for a screenshot of their computer specs & internet speed results and a 2 min video of their background & why they want the job.

OK. I have seen a lot of attempted dunking on Texas...red state bad, bad government, etc...because of the electricity issue in this record cold. So, I am going to do a thread here. I am no engineer, but I want to point out some obvious facts. 1/n

This is a natural disaster of large proportions. At no time in recorded have this many Texas counties been below freezing for so long...ever. We are prepared for short stints, not an ice age. It snowed on Galveston island and much of the state is covered in snow and ice.

This chart shows electricity production since Feb 4. Note the large share from wind prior to the cold snap. Texas typically does not use as much electricity in winter, so gas plants are typically offline and have smaller reserves of gas.

But as the cold hit, renewable production fell by as much as 93%. Gas plants fired up and easily met the ERCOT stress test levels initially, but electricity quantity demanded was rising, so was gas for heating. Eventually, there were shortages of gas that led to a drop in prod.

Why shortages? Because gas producers were contractually obligated to export gas all the while residential heating demand was rising as well...hence Gov Abbot's order. It provides more cover for force majeure contract breakage.

1/ Since Dec, $TWTR stock has grown 50% above all-time highs. Lots has been said about Twitter’s product upside, ability to capture more of the value it creates (see @Post_Market @juliey4 @modestproposal1). I want to talk about the biggest bull thesis I see: cultural determinism

2/ I'm a huge believer in cultural determinism (see Nintendo essay) - who a company is/been trained ‘to be’ in turn decides who a company ‘will’ or ‘can’ be.

CD is distinct from whether a culture is good, employees talented, committed to change,

3/ By the early 2010s, Twitter began to solidify cultural premises: it was focused on building up ad revenues rather than maximizing reach or users/its network, building a self-contained ecosystem, and in my view, a misplaced obsession with “live”

4/ This contrasted with competitors focused on network growth (FB), product enhancements (Snap), total creators (YT, Unity). Instead, Twitter throttled APIs and 3P devs, ignored opportunity to be a standard protocol for internet comms (h/t @AVC in

5/ How did we see this? Lots of externally focused product investments – e.g. SeeIt TV Everywhere authentication experience w/ Comcast, helping TV networks integrate Tweets into live TV, allowing advertisers to buy Twitter adds… through Google

Accountancy is more likely to be mocked than celebrated (or condemned), but accountants, far more than poets, are the unacknowledged legislators of the world.

1/

Though "bean counters" are employed by firms, they are notionally bound by a professional code of ethics every bit as serious as the Hippocratic Oath: "count things honestly." Without an accurate accounting of quantities, you can't make good decisions on quality.

2/

Though accountancy concerns itself with counting things, it is inextricably bound up with the realm of ideas, and accounting conventions (how you account for things) are philosophical matters, not empirical ones.

3/

It's no coincidence that #ModernMonetaryTheory owes more to accountancy than it does to economics. Economic accounts of the economy have an unfortunate tendency to proceed from first principles, creating models based on pure reason, without checking in on the actual world.

4/

For example, neoclassical econ's "homo economicus," the rational value-maximizing actor who populated so many models; or economists' insistence on targeting inflation with interest rates; or treating national "debts" like they were household debts.

5/

Pretty much a love letter to the farmers in Wisconsin directly from my website:

I'm not a politition so I'm not going to mince words. I am not a democrat or a republican I consider myself a Christian Viking & the party name I will use is the party of "We The People". I am

absolutely disgusted with politicians that have the "Israel first" mentality instead of America first. I will not do anything for special interests, nor will I accept money from AIPAC or big Pharma.  I will work for YOU the Legal American Citizen. We need to get rid of & hold

accountable these bought off satanic perverts in office and stop the madness. Wisconsin should be a leader in agriculture thus I'll make efforts to kick Bayer/Monsanto out of our state with their glyphosate & round up ready seeds and find ways to hold them accountable for the

destruction & damage they've already caused. I want all of our small business up & running and the churches open. I'm absolutely against mask mandates nor do I want people vaccinated with this abhorrent DNA altering experiment. I think marijuana should be legal & hemp used to

detoxify our farmland. I want the fluoride removed from our water & the spraying of heavy metals in our skies stopped. I want criminal justice reform and to stop the incentives for populating private prisons. I'm pro constitution as it was written. Wisconsin should be a leader in

On this day in 2007, the bomb blasts in Samjhauta Express killed 68 people including 44 Pakistanis. The immediate investigations revealed irrefutable evidence about the masterminds. In this thread, I would share some Indian newspaper clips which covered the investigations.

1. Lt Col Prasad Purohit, a serving Indian army officer, was arrested for terror conspiracy in the Malegaon blast case. He was the co founder of Abhinav Bharat, a right wing Hindu organisation. He admitted that he was the mastermind.

(The Times of India, Pune, 7 November 2008)

2. Lt Col Purohit met Pragya Thakur on 5 Oct 2008 to tell her that "Our People" had carried out the killings in Orissa, burnt down two churches and also carried out the Malegaon blast.

(The Indian Express, Pune, 24 Nov 2008)

Ironically, Pragya is BJP's MP today.

3. During his narco analysis test, Lt Col Purohit told officers that Praveen Togadia was responsible for the “Samjhauta Express Blasts”. He asked me to find out from Dr Dev, how much RDX was remaining after the blast.

(Pune Mirror, 19 Nov 2008)

4. In his narco analysis test, Lt Col Purohit gave sensational information that he supplied explosives for Ajmer and Malegaon blasts at the instance of Mahant Dayanand Pandey.

(Sakal, Pune and Pudhari, Pune, both of 15 Nov 2008)