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GhostOnTheHalfShell, to random
@GhostOnTheHalfShell@masto.ai avatar

@economics


9 min

5 year old video Dr. Wolff summarizes MMT in a slightly different way, nicely explaining in concrete terms how the gov could retire its own debt.

https://www.youtube.com/watch?v=IUusyHRBRuA

GhostOnTheHalfShell, to random
@GhostOnTheHalfShell@masto.ai avatar

3 min

1+ atta boy GOP. Keep it up, we’ll even love your for it.

https://youtu.be/m-aRPnb5_B0

GhostOnTheHalfShell, to climate
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe



12 min

Risk assessment needs a revamp.

https://youtu.be/8A8YIc6Ru6g

Tim Lenton and Steve collaborated on another report for which those with pensions or those who have those with pensions can press their funds to respond to. It's their fiduciary responsibility to accurately assess risk (see pdf below)

https://profstevekeen.substack.com/p/loading-the-dice-against-pension

GhostOnTheHalfShell, (edited ) to random
@GhostOnTheHalfShell@masto.ai avatar


May 12

The show returned this Saturday, and despite the internet throwing curveballs at the guest, it went well with the spiffy new host.

I have fun at Steve's expense. ;)

A riff on Kimmel's mean tweets was trialed. It has potential with a little work.

https://youtu.be/fSv-NUywEMg

GhostOnTheHalfShell, to climate
@GhostOnTheHalfShell@masto.ai avatar

5 min

The pace is relentless now and gathering force. Everywhere extremity is emerging into the fabric of human economy and of global ecology. Immediate ecology restoration and green infilling is needed, urgently. may be necessary to secure food supplies and build resilience to supply chain collapse.

https://youtu.be/90DVurKuT58

GhostOnTheHalfShell, to random
@GhostOnTheHalfShell@masto.ai avatar

What will Israel do with these people if Netanyahu continues in power?

In Germany or the US, people would be attacked by cops and jailed as antisemites.

https://youtu.be/N-FnGJadovo

GhostOnTheHalfShell, to random
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe


Steve’s macro from macro derivations are solid (because mainstream theory of macro from micro is equivalent to saying tennis is just atomic electrostatic interactions)

but still, there’s a different kind of place small scale could effect macro, if they exist

https://youtu.be/lt7a3wjf3qY

GhostOnTheHalfShell, to politics
@GhostOnTheHalfShell@masto.ai avatar
GhostOnTheHalfShell, to climate
@GhostOnTheHalfShell@masto.ai avatar

Our generating magnetosphere, a geophysical , an environmental, ecological, economic UBI we don’t even think of that billionaires and their pet economists say they are competent to substitute for.

Consider the enormity of their egotistical folly.

Even Star Fleet would choose a 7C warmer Earth or an irradiated nuked Earth over a Mars. Technology has nothing to do with it. Wisdom does.

brinnbelyea,

@GhostOnTheHalfShell They just want to go to place that doesn't have other people.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@brinnbelyea

you mean people stupid enough to not assess the insanity. People like Musk will never go, just as he never took the sub cobbbled together to save the Thai cave flood victims.

GhostOnTheHalfShell, (edited ) to random
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

The stream returns today, as Prof Keen emerges from the release of Ravel with a revamped look and a new and marvelous host, Dave Foulkes.

stream starts @9 am PST, be there or be square.

An amazingly rough start to the show. Kathleen’s internet struggled and the lag made conversation a challenge.

https://www.youtube.com/live/j1Ql3AgXwMg

GhostOnTheHalfShell, (edited ) to random
@GhostOnTheHalfShell@masto.ai avatar

In all this amazing display of the Earth’s magnetosphere, remember it’s deflecting the relentless cascade of deadly solar and cosmic radiation washing the Earth every day and hour, and turning it into wonder. It’s a precious cloak of protection against a harsh universe, unique in our solar system, securing our atmosphere. Irreplaceable.

Take time to appreciate that.

GhostOnTheHalfShell, to random
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

Das Geld Syndrom in a nutshell. There’s a reason why every major religion sanctions usury. It is wealth transfer from labor through business to creditors.

It’s money “destruction” in the sense of purchasing power destruction, the essence of inflation or debasing the currency. It has a lethal consequence of concentrating power.

The one measure that circumvents this decay is demurrage. Gesell formalized it in the concept of Freigeld.

https://youtube.com/shorts/Ei07MySGKwk

GhostOnTheHalfShell, to climate
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

#climatechange #degrowth 😑 #economics

This is the face of degrowth by means of climate inaction. Degrowth is not a future, it’s already underway.

https://youtu.be/-wYOkjVtBY4

largess,
@largess@mastodon.au avatar

@GhostOnTheHalfShell
We seem to have chosen this rather then planning it as best we can haven't we. Weird choice , for example these folks nere helping the destruction along as best they can

https://en.osm.town/@okwithmydecay/112416240965534630

but ...here we are.

Those really are the only two choices, planned degrowth to a sustainable biosphere, or nature does it for us.

@economics@a.gup.pe

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@largess @economics@a.gup.pe

i think option b is in play.

GhostOnTheHalfShell, to climate
@GhostOnTheHalfShell@masto.ai avatar

And this will happen over and over and over. The water management facility of the destroyed dam, for flood control, hydro, irrigation, municipal and industrial water supply is gone, as it is for each dam or flood control system destroyed. Their functions are no more. Dams dotted all over the world are unfit for purpose, built for a climate that no longer exists. They will fall when faced with extreme weather.

https://youtu.be/-wYOkjVtBY4

GhostOnTheHalfShell, to Economics
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

So if a free market works to optimize stuff by maximizing efficiency, and people are perfectly clairvoyant utility maximizing beings people would have gone vegan in order to maximize agricultural output, defined as max caloric return for humans.

But instead the lion’s share of output goes to maximizing calories for cows, pigs and chickens. Despite the fact they can convert non edible (for people) organic matter into human calories.

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