Jacob Assa @jacob_assa
Senior Economist at @UNDPAfrica. PhD @TheNewSchool. #MMT, functional finance, development. #GreenNewDeal. Opinions are my own. jacobassa.wordpress.com Joined March 2024-
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Following908
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Jacob Assa retweeted
Mat is of course exactly right, as he usually is. If you are a grumpy old MMTer who is always negative and never supportive of politicians who are engaging with reality, then you are not being at all helpful. Stop complaining - start helping!!!
Jacob Assa retweeted
1 in 2,500 year extreme temperatures now occur once every 13 years. This is our world at 1.4C. 2C is inevitable in years. 4C in our kid’s lifetimes. Not terrified? Then you don’t understand what’s happening to the planet you live on & what it means for the people you love.
Jacob Assa retweeted
Did someone just balance the budget? ;)
Jacob Assa retweeted
Hopelessness is an important element of Neo-Liberalism
Jacob Assa retweeted
Monetary austerity coupled with fiscal retrenchment coming home to roost.
Monetary austerity coupled with fiscal retrenchment coming home to roost.
Jacob Assa retweeted
The government doesn't need your money. It needs you to need its money.
The government doesn't need your money. It needs you to need its money.
Jacob Assa retweeted
Loads of tickets for Wien & Amsterdam (still room for more) but only c.20 so far for Sheffield. Great, but the UK needs an #MMT frame as much as does the Eurozone. Come & join the fun, interactive modern monetary theory workshop in Sheffield, 20/21 Sept. modernmoneylab.org.uk/events/
Jacob Assa retweeted
Earn a Master’s or PhD in Economics at the forefront of finance research and Modern Monetary Theory. UMKC offers a pluralist economics education taught by a diverse and engaged faculty. Study an economics that can face up to society's urgent challenges. cas.umkc.edu/areas-of-study…
Jacob Assa retweeted
"Money is nothing more than a form of debt, which is to say a commitment to pay money at some time in the future. The whole system is therefore fundamentally circular and self-referential. There is nothing underneath, as it were, holding it up." -Perry Mehrling
Jacob Assa retweeted
"The government can employ these doctors right away - they're just choosing not to"
Jacob Assa retweeted
Say a progressive politician wanted to counter the Bond vigilante narrative which is the weapon of choice of the pro-austerity UK media. S/he has 2 choices: 1) You either say as little as possible on this complex topic and simply state that the BOE is in control >
Jacob Assa retweeted
3 Economists stranded on an island: -Neoclassical: "Assume we have a boat." -Austrian: "The market will allocate coconuts." -Keynesian: "Uncertainty’s real, let’s build a raft." 😐
Jacob Assa retweeted
Gotta love those govt deficits and private sector surpluses...
Gotta love those govt deficits and private sector surpluses...
Jacob Assa retweeted
Tax and spend. Spend and tax. Sequence it’s important, and it can only happen one way. You cant ask your neighbour to return your lawnmower unless you previously loamy it to him. Govt can’t tax you it has spent its money into the economy.
Tax and spend. Spend and tax. Sequence it’s important, and it can only happen one way. You cant ask your neighbour to return your lawnmower unless you previously loamy it to him. Govt can’t tax you it has spent its money into the economy.
Jacob Assa retweeted
I have been asked to share the news, so here we go again. Sheffield#MMT Sheffield#MMT Sheffield#MMT Sheffield#MMT Sheffield#MMT Sheffield#MMT Public Money for Public Good. 20th and 21st September. See you there, I hope. events.humanitix.com/public-money-m…
Jacob Assa retweeted
@jacob_assa Coercive taxation trumps the notion of "the markets."
Jacob Assa retweeted
I miss him so much. 😰 He had an effect on me like few others have had.
I miss him so much. 😰 He had an effect on me like few others have had.
Jacob Assa retweeted
Up to 1979, the Bank of England issued gilts on behalf of HMG via 'tap'. This means the BoE set interest rates on new gilts and sold them to investors only when there was a demand at the rates it selected. This was abandoned due to a change in monetary policy. It should return.
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