Tweets on economics-2024

Title Date Im-
press
En-
gage
Ex-
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URL-
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Like Re-
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Link to Text Link to Tweet
The upper crust isn't suffering much from inflation - 2024-10-26 0 0 0 0 0 0 1850056574804558184 1850056574804558184
If Musk can't buy the election, maybe crypto can - 2024-10-19 0 0 0 0 0 0 1847436700949369260 1847436700949369260
Speaking of deficit spending and devaluation - 2024-10-17 0 0 0 0 0 0 1847039339529974080 1847039339529974080
How devaluation-inflation reduces deficits - 2024-10-17 0 0 0 0 0 0 1847026772979950001 1847026772979950001
Mendacious or ignorant? Tariffs have been tried before, 2024-10-17 0 0 0 0 0 0 1846772357228384382 1846772357228384382
Par for the Trump course! 2024-10-17 0 0 0 0 0 0 1846770145332809854 1846770145332809854
How did Trump's shakedown efforts go? 2024-07-25 0 0 0 0 0 0 1816559815092805713 1816559815092805713
Consumer outlooks appear to be based on hearsay (propaganda 2024-07-16 0 0 0 0 0 0 1813322654721659207 1813322654721659207
Prices on staples (and gasoline) are dropping - 2024-07-16 0 0 0 0 0 0 1813316786156351603 1813316786156351603
Most of the world would LOVE to have our low inflation 2024-07-16 0 0 0 0 0 0 1813240230469857725 1813240230469857725
Can India supersede China? 2024-06-26 0 0 0 0 0 0 1805999434108670277 1805999434108670277
"if I have seen further, it is by standing on the shoulders 2024-06-26 0 0 0 0 0 0 1805995856698773884 1805995856698773884
How Trump's plans to lower prices would raise them. 2024-06-14 0 0 0 0 0 0 1801445563835290031 1801445563835290031
They were against labor then - 2024-04-17 2 0 0 0 0 0 1780413494862762391 1780413494862762391
Devaluing the dollar - as good an idea as unilateral 2024-04-16 3 0 0 0 0 0 1780254056063369356 1780254056063369356
Inflation is real, but not bad compared to the stagflation 2024-04-16 3 0 0 0 0 0 1780040438738764230 1780040438738764230

Columns of Tweet Tables

The table above has these entries:

UPDATED Mon Nov 18 07:17:47 PM PST 2024

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The upper crust isn't suffering much from inflation -

https://apnews.com/article/economy-consumers-inflation-retail-spending-growth-wealth-be68f97bba5970ed4ce4fc8b8c7333af

So they wouldn't much mind across-the-board tariffs -
it's just another regressive tax on the poor.

https://www.cnn.com/2024/10/17/politics/janet-yellen-donald-trump-tariffs/index.html

#PS1economics

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https://twitter.com/politicalscrap1/status/1850056574804558184

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If Musk can't buy the election, maybe crypto can -

https://www.washingtonpost.com/business/interactive/2024/crypto-firms-candidates-house-senate-election-2024/

As befits "crypto", its ads seldom identify the funders
or motivation.

#PS1economics

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time 2024-10-19 00:36 +0000
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https://twitter.com/politicalscrap1/status/1847436700949369260

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Speaking of deficit spending and devaluation -

https://apnews.com/article/budget-deficit-trump-harris-kamala-debt-1ee3ff65e22ccf19d19b792ee22c46da

Presidents sometimes get away with spending money without
congressional authorization, but they don't have a lot
of latitude on getting revenue - which is why Trump wants
to impose tariffs.

#PS1economics

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https://twitter.com/politicalscrap1/status/1847039339529974080

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How devaluation-inflation reduces deficits -

https://www.eastbaytimes.com/2024/10/08/opinion-will-federal-inquiry-into-airline-loyalty-programs-really-change-them/

It works the same way for governments and airlines!
Make a dollar or an airline mile worth less, and your
unfunded liability goes down!

Is this how Trump intends to handle deficits?

#PS1economics

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https://twitter.com/politicalscrap1/status/1847026772979950001

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Mendacious or ignorant?    Tariffs have been tried before,
and led to a world trade war that everybody lost -

https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

Exporting unemployment doesn't work.     Other countries
can impose tariffs too!

https://apnews.com/article/trump-tariffs-economics-plan-6a4b07be04e342bf657ad12ef7b6bbfa

#PS1economics

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https://twitter.com/politicalscrap1/status/1846772357228384382

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Par for the Trump course!

https://finance.yahoo.com/news/trumps-wlfi-website-crashes-token-131805442.html

Only "accredited investors" at first, meaning people
qualified to be megadonors.     Did they get a good return
on their accredited investment?

#PS1economics

=====

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https://twitter.com/politicalscrap1/status/1846770145332809854

==========


How did Trump's shakedown efforts go?

https://www.politico.com/news/2024/05/09/trump-asks-oil-executives-campaign-finance-00157131

The oil industry doesn't need or want Trump's help in
pushing down oil prices -

https://www.msn.com/en-us/money/markets/a-trump-presidency-to-pose-mostly-bearish-risks-for-oil-citi-says/ar-BB1qDcDt

Big oil has been doing fine without Trump's help -

https://stephenheins.substack.com/p/why-is-the-oil-industry-booming-high

#PS1economics

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https://twitter.com/politicalscrap1/status/1816559815092805713

==========


Consumer outlooks appear to be based on hearsay (propaganda
media) rather than personal experience -

https://dnyuz.com/2024/07/09/the-matrix-of-consumer-discontent/

Don't expect any help from the GOP!     Their platform is
inflated with inflationary policy.

#PS1economics

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==========


Prices on staples (and gasoline) are dropping -

https://www.startribune.com/retailers-cut-prices-in-summer-of-savings-but-consumers-need-to-shop-smart-for-best-deals/600380024/

But consumers haven't noticed -

https://www.msn.com/en-us/money/markets/us-consumer-sentiment-falls-to-eight-month-low-on-high-prices/ar-BB1pS6Sw

Who are you going to believe, your own eyes or the media
propaganda machines?

#PS1economics

=====

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==========


Most of the world would LOVE to have our low inflation
and  low unemployment-

https://dnyuz.com/2024/07/05/political-unrest-worldwide-is-fueled-by-high-prices-and-huge-debts/

But by election day the Putinist-Trumpist-Dixiecrat
propaganda media are hope to convince Americans that they
are suffering terribly from inflation.

#PS1economics

=====

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==========


Can India supersede China?

https://www.cnn.com/2022/10/04/politics/white-house-lobby-opec-oil-production-cuts-gasoline-prices-midterms/index.html

India has a much younger population which should be
an advantage.       But success will lead to an aging
population, just as in China and the West.

#PS1economics

=====

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https://twitter.com/politicalscrap1/status/1805999434108670277

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"if I have seen further, it is by standing on the shoulders
of giants" That kind of humility isn't much expressed
by billionaires.      But the race is not to the swift or
the battle to the strong, but time and chance happen to
them all.

https://www.thestandard.com.hk/section-news/fc/2/263642/How-Napster-gave-birth-to-a-monster

#PS1economics

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==========


How Trump's plans to lower prices would raise them.

https://www.wral.com/story/charlie-savage-maggie-haberman-jonathan-swan-trump-vows-to-lower-prices-his-policies-may-raise-them/21473626/

Every country in the world encountered supply issues and
resulting inflation from covid, and the recovery of most
is well behind the US.   But Trumpism is based on feelings,
not facts.

#PS1economics

=====

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They were against labor then -

https://www.facingsouth.org/2021/03/pro-act-would-undo-decades-southern-anti-union-laws-rooted-racism

and they're against labor now -

https://www.washingtonpost.com/business/2024/04/16/republican-governors-uaw/

Interesting how only Putinist-Trumpist-Dixiecrat GOP
governors are interested in protecting black folks' rights
to be exploited.

#PS1economics

=====

impress 2
time 2024-04-17 01:50 +0000
https://twitter.com/politicalscrap1/status/1780413494862762391

==========


Devaluing the dollar - as good an idea as unilateral
nuclear disarmament.

https://www.washingtonpost.com/opinions/2024/04/16/trump-devalue-dollar-inflation-economy/

#PS1economics

=====

impress 3
time 2024-04-16 15:16 +0000
https://twitter.com/politicalscrap1/status/1780254056063369356

==========


Inflation is real, but not bad compared to the stagflation
of the 1970's.

But swing voters that don't follow politics closely usually
just vote their pocketbook feelings, whether based on fact
or fantasy.

https://www.columbian.com/news/2024/apr/13/why-biden-is-getting-little-credit-for-the-economy-especially-in-california/

#PS1economics

=====

impress 3
time 2024-04-16 01:08 +0000
https://twitter.com/politicalscrap1/status/1780040438738764230