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iclee3.bsky.social
@iclee3.bsky.social
270 followers 1.6K following 240 posts
If a troll is trying to waste your time geting you into stupid arguments about nothing,

if you argue with them, they're winning and you're losing.

Im happy to have good faith debates. Bad faith accounts will be muted and reported.
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iclee3.bsky.social
Reducing the deficit is contractionary fiscal policy.

Source www.imf.org/en/Publicati...

1/2
GDP = C + I + G + NX. On the left side is GDP—the value of all final goods and services produced in the economy. On the right side are the sources of aggregate spending or demand—private consumption (C), private investment (I), purchases of goods and services by the government (G), and exports minus imports (net exports, NX). This equation makes it evident that governments affect economic activity (GDP), controlling G directly and influencing C, I, and NXindirectly, through changes in taxes, transfers, and spending. Fiscal policy that increases aggregate demand directly through an increase in government spending is typically called expansionary or “loose.” By contrast, fiscal policy is often considered contractionary or “tight” if it reduces demand via lower spending.
April 27, 2025 at 9:30 AM
iclee3.bsky.social
People may be overestimating the damage Trump is doing to the world economy. The US is just under 15% of the world economy. Therefore over 85% of the world economy is continuing to trade as normal (source www.imf.org/external/dat...). 2/2
GDP based on PPP, share of world. The US is 14.75%. Therefore the rest of the world is over 85%
April 27, 2025 at 8:58 AM
iclee3.bsky.social
No, the one of the posts states he can be considered honest when he is factually wrong if he is "sincerely expressing his belief". If he says sonething he knows is false, he is not sincerely stating his belief, even if he is perceived as honest. 1/2
Full text Under the first approach, Donald Trump cannot be considered honest. But under the other approach he can be considered honest even if he is speaking a falsehood because he is sincerely expressing his belief even if it is false. Highlighted section because he is sincerely expressing his belief
April 14, 2025 at 12:32 PM
iclee3.bsky.social
It looks like most of Musk's wealth is the result of a bubble built on vapourware.

en.wikipedia.org/wiki/Vaporware
Tesla’s electric-vehicle business accounts for almost all of its revenue but less than a quarter of its stock-market value, according to a Reuters review of more than a dozen analyses by banks and investment firms. The bulk of its worth rests on hopes for autonomous vehicles Tesla hasn't yet delivered, despite Musk's promises in every year since 2016 that driverless Teslas would arrive no later than the following year. Tesla’s forward PE ratio is more than nine times the average of the next 25 most-valuable automakers.
March 11, 2025 at 1:21 PM
iclee3.bsky.social
@andreashopf.bsky.social

In the post in this exchange before your first reply, @christanwind.bsky.social says 'My hunch is to listen more ...', the opposite of unwillingness to listen.
Screenshot of four posts in the converstaion. leading to accusation of unwillingness to listen. The first post explicitly talks about needing to listen.
February 20, 2025 at 4:06 PM
iclee3.bsky.social
Markets aren’t designed to solve national challenges. They’re designed to maximize profits. Left unchecked, they prioritize short-term gains over long-term resilience. That’s why our companies spend more on stock buybacks than on R&D. That’s why our healthcare system costs nearly $5 trillion a year while delivering worse outcomes than those of many developed nations. It’s why our infrastructure projects often cost multiple times more per mile than comparable projects in China. America wasn’t built by waiting for markets to fix everything. The transcontinental railroad, rural electrification, the arsenal of democracy, the Apollo program—these weren’t miracles of the invisible hand. They were the result of collective action, guided by a clear national purpose. The Chinese understand this. They have taken our old playbook and made it their own. While we’ve dismantled our capacity, they’ve built theirs. They’ve linked innovation to production, creating systems where engineers, manufacturers, and thinkers work together to solve problems in real time. That’s why they’re outpacing us—not because they’re stealing ideas, but because they’ve embraced the tools we abandoned. If we want to compete, we need to stop waiting for markets to save us. We need a national strategy to rebuild our industrial base, invest in critical industries, and tie public spending to measurable outcomes. Both government and corporations must be held accountable for delivering results. Most importantly, we need to reject the myth that markets alone will lead us to prosperity.
January 31, 2025 at 3:37 PM
iclee3.bsky.social
The obsession with 'balancing the books' has led to Reeves setting a contractionary fiscal policy, in particular holding down government spending, which is working in textbook fashion to constrain growth. I'm astounded she doesn't seem to realise this.

www.imf.org/en/Publicati...
Fiscal policy is often considered contractionary or “tight” if it reduces demand via lower spending.
January 27, 2025 at 5:12 PM
iclee3.bsky.social
@wynterwytch.bsky.social‬ is right. The bill doesn't mention control. As it is currently written, it would also make wet dreams illegal.

Also, going to the toilet, coughing or sneezing, which all release bacteria, which contain genetic material.

www.ncbi.nlm.nih.gov/books/NBK790...
It shall be unlawful for a person to discharge genetic material without the intent to fertilize an embryo. The genetic material of bacteria and plasmids is DNA.
January 23, 2025 at 3:38 PM
iclee3.bsky.social
When is anybody going to ask Reeves how she is expecting to generate economic growth when her fiscal policy settings - cutting expenditure and raising taxes - are contractionary?

They are working exactly as the textbook says they should - reducing economic growth.

www.imf.org/en/Publicati...
Fiscal policy is often considered contractionary or “tight” if it reduces demand via lower spending.
January 23, 2025 at 3:09 PM
iclee3.bsky.social
Economic policies that fuel inequality do not win elections. A much better way for the right wing to win elections is to start culture wars
January 15, 2025 at 7:36 PM
iclee3.bsky.social
If you tax people with a low marginal propensity to consume, i.e. generally higher incomes, you really substitute one form of money destruction, taxes, for another, deposit taking, with close to zero net effect. 2/2

www.bankofengland.co.uk/-/media/boe/...
Consumers repaying loans are the most significant way in which bank deposits are destroyed in the modern economy. But they are far from the only way. Deposit destruction will also occur any time the banking sector (including the central bank) sells existing assets
January 13, 2025 at 3:28 PM
iclee3.bsky.social
Does Keir Starmer understand that government spending cuts are a contractionary fiscal policy, which is diametrically opposed to his mission of creating economic growth?

www.imf.org/en/Publicati...
Fiscal policy is considered contractionary or “tight” if it reduces demand via lower spending.
January 13, 2025 at 2:40 PM