You can tell when someone's angry with their text messages start using em dashes
31.01.2026 19:05
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You can tell when someone's angry with their text messages start using em dashes
This religious idea is rooted in the Judeo-Christian beliefs of scarcity and punishment that have bled into conservative ideology. That worldview inherits a theology of scarcity, restraint is virtue, spending is sin, and suffering is framed as discipline.
But we have the labor and productive capacity to produce more if we wanted to. If we spent money to create more. The conservatives think of money as the constraint, almost like a religion. When our real constraint is the labor that exists in this country and our resources, which are abundant.
This is assuming that wealthy investors are the ones that fund the government. They aren't. The government creates its own money. The only constraint is inflation. Inflation happens when Demand outpaces Supply. When spending grows faster than an economy’s capacity to produce goods and services.
Conservative economists say that we can't spend on entitlements like Medicare for all, or public works, because we are in huge national deficit, and its wealthy investors that buy bonds to fund the government, and if they don't buy bonds then the country is bankrupt.
What happened to our capacity for labor when the Great Depression happened? Why did farmers end up burning crops when no one could buy them? The same capacity for labor that existed to produce things existed before the crash that existed after. The failure was in the distribution system.
Most of our global crises trace back to a single assumption we rarely question - our collective dogma around scarcity:
youtu.be/J6ZUJ…
MMT reframes spending around abundance rather than domination, and for unlearning the zero-sum logic that fuels conquest and imperialism. (a thread 1/6)
That means less money for all of us, while the prices of luxury assets are inflated. Houses are considered in that pool because they are investment assets, hence house prices rise while we all get less wealthy.
Actually it means it can mean that there is less available liquidity in the system if the very rich use it to bid up the price of assets instead of using it to invest in economic stimulative activities like hiring people to do work.
Money is a distributional resource. Meaning if the wealthy get more wealth, that just means they get a bigger slice of the pie, that doesn't mean that the pie is growing necessarily. More value is not always created for all.
Hey yall I started a substack for anyone who's interested. So far I talk about the thing I secretly think about the most (economics/my economic anxiety), but I probably will have some silly personal stuff there as well:
open.substack.com/pub/dwightbe...
Very interesting talk. America is falling behind and are story of capitalism always leading to innovation is a myth. Free market often leads to stagnation. For example Google having captured search had no incentive to do what OpenAI has done.
youtu.be/ZNK3vNg13XA?...
Check out the first video of my series about writing chord progressions using borrowed chords like Radiohead, Chopin, Frank Ocean and Elliott Smith. I explore mastery in painting, music and programming.
youtube.com/watch?v=GATgMBrTvP8&feature=youtu.be
A truly great America stands with those defending freedom and democracy, Joe.
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It's critical people understand how disinformation campaigns and troll farms work: www.youtube.com/watch?v=GZ5X...
Hello Bluesky, welcome, if you're new here check out my youtube: youtube.com/@dwightbenig...
