Home
Creators
Search Recent Random
Posts
Search DMs Popular Hash Lookup Tags Random
Importer
Import FAQ
Register Favorites Keys Review DMs Logout
Community
Telegram ThePornDude
Home Creators Posts Import Register Favorites Logout

Mark Blyth: TMBS Economics Series (Patreon)

Published:
2020-04-26 17:53:56
Imported:
2026-06
Tags:
haven't archived this post yet. have a subscription? use the importer!

Content

Live a little after 2!

Files

Previews only

Mark Blyth: TMBS Economics Series

Comments

Paul Lebow

The Fed is just following the orders of Congress to BORROW money to fund the Covid response.

Paul Lebow

The fact that the banks are OK due to Fed policy is proof that the Fed does not and cannot fund the real economy.

Lars

Any word on how I can get the discord group link? I sent out a couple of message earlier haven't heard back. Also disconnected discord link and connected again

J P 3
>>35876233

In some cases, the Fed is just swapping dollars for assets (e.g. Banks and firms swap treasuries, corporate bonds, ETFs for cash). It's the buyer of last resort. It's able to do this, because it can create money out of thin air. The way that it's done some of this might trickle down into the real economy as happened after 2008. e.g. the Fed's QE pushes down interest rates on safe assets, private parties then feel comfortable putting money into riskier assets, which has the effect of driving up the price of those assets. Some people are going to bank profits and use those profits for consumption, which does have an impact on the real economy and jobs. It's not an efficient way to do it, but it is a way to do it without using fiscal policy. The problem is that monetary policy has its limits -- as we are likely to find out soon. An alternative approach to this too, if we had something like Postal Banking and every person in the U.S. had a dedicated personal account, is that the Fed could just credit the money directly to people, and they could then use that money to pay rent, or buy groceries. The risk with this approach, if it's overdone, is that you would get inflation. Right now though, that's the least of our worries. A lot of these mechanisms that are used in ways that increase inequality and power imbalances, could be effectively reverse engineered to serve more of a public purpose.

J P 3

When it comes to health care, my wager with a Biden presidency is that we will see an expansion of Medicare Advantage through the ACA exchanges. e.g. private for-profit health insurance plans that are heavily subsidized by U.S. taxpayers. Eventually, our quasi-single-payer system for people over 65+ will be transitioned into an expanded ACA, the way that Paul Ryan wanted it to be. In the year 2030, 35% of our GDP will be consumed by health care expenditures, mostly in the form of rents extracted by insurance companies selling Medicare Advantage plans, big pharma, device manufactures, and for-profit hospitals.

Bichael Bichards

This was really great! Glad you’re making so much of this content public as well

Evan Barr

I love mark Blyth. He did a lecture on austerity in the EU in the years post GFC that changed my whole philosophy and without it I doubt I would have ended up finding TMBS. I would absolutely love to hear a conversation between him and griscom, that would give me a semi. Throw Richard wolf into the mix and I would be fully erect.

Alexander Schweinsberg

Nate Hagens would be another good guest for this series on the subject of oil and the future of energy. He's a former trader who ditched Wall Street to do a doctorate and now teaches natural resources at the University of Minnesota. Would offer a biophysical angle to complement the foreign policy discussion with Steven Cook. He could also speak to the local resilience angle MIchael has been emphasizing. He has a concise and cutting synthesis of relevant research out in the Journal of Ecological Economics here (open access): https://www.sciencedirect.com/science/article/pii/S0921800919310067?via=ihub He's also got several good lectures on youtube if you want to check him out. He just did a lecture and Q&A for Earth Day (https://youtu.be/cQOnfPBSd8g https://youtu.be/EXu4wdrl3NY) I imagine the controversy around Michael Moore's new film Planet of the Humans will come up on show at some point in connection with ecofascism etc., and Hagens could offer an important an informed perspective on the science and economics at play in those issues.

James Barron

Loved this and the one with Grace Blakely. Can we get these as an mp3 download?

superclodclod

Love that car metaphor. I never get tired of Blythr. Thx for having him on...

Smith

Any chance this could be pushed to the member rss feed?