Jacques Riverain
@jacquesriverain.bsky.social
Pas de messages privés stp. Sauf si tu veux me donner des thunes !
Film poliziotteschi. J'aime les chats. Heterodox econ.
Film poliziotteschi. J'aime les chats. Heterodox econ.
It's the reason I stopped buying it from the supermarket. I only buy it now and again, but from a Saturday farmer's market where a local beekeper sells the product.
November 25, 2025 at 4:56 PM
It's the reason I stopped buying it from the supermarket. I only buy it now and again, but from a Saturday farmer's market where a local beekeper sells the product.
Reserves aren't lent out & loans are not exogenous. I don't believe they need to remove interest on reserves, but that's nothing to do with bank loans. The government's spending capacity is unrelated. They don't 'borrow' their currency & certainly not from a pool they already created from spending.
November 25, 2025 at 4:44 PM
Reserves aren't lent out & loans are not exogenous. I don't believe they need to remove interest on reserves, but that's nothing to do with bank loans. The government's spending capacity is unrelated. They don't 'borrow' their currency & certainly not from a pool they already created from spending.
Banks can extend loans whether or not theyhave a positive reserve position. In fact they do so, all the time. The only concern for a loan is the creditworthiness of the borrower, the reserve position is dealt with after-the-fact.
November 25, 2025 at 3:49 PM
Banks can extend loans whether or not theyhave a positive reserve position. In fact they do so, all the time. The only concern for a loan is the creditworthiness of the borrower, the reserve position is dealt with after-the-fact.
No-one cashes in on them. They are not spending, they are like the 'float' in a cashbox or till for meeting payment reckoning.
November 25, 2025 at 3:47 PM
No-one cashes in on them. They are not spending, they are like the 'float' in a cashbox or till for meeting payment reckoning.
Reserves are initially a result of govt spending. They also exist as gilt holdings (also from previous injections). Those latter are what are repurchased as 'QE' (the reverse process of gilt sales or so-called 'borrowing') & returned to their reserve state. No gift, but a reversal.
November 25, 2025 at 3:46 PM
Reserves are initially a result of govt spending. They also exist as gilt holdings (also from previous injections). Those latter are what are repurchased as 'QE' (the reverse process of gilt sales or so-called 'borrowing') & returned to their reserve state. No gift, but a reversal.
UK govt doesn't 'save' in its own currency. That's illogical. Also they can either pay minimal interest on bank reserves or they will just trigger gilt sales and the interest is paid anyway on the held bond. Or they can do ZIRP and the problem goes away. Bank reserves are a result of govt spending.
November 25, 2025 at 3:42 PM
UK govt doesn't 'save' in its own currency. That's illogical. Also they can either pay minimal interest on bank reserves or they will just trigger gilt sales and the interest is paid anyway on the held bond. Or they can do ZIRP and the problem goes away. Bank reserves are a result of govt spending.
Now we know where RFKjr's brain worm went. She's embarrassing.
November 25, 2025 at 3:37 PM
Now we know where RFKjr's brain worm went. She's embarrassing.
The CEO has a $10m salary. However the fact remains that decisions of where to push 'profit squeezes' are not govt decisions, but private sector decisions and they choose customers and employee wages. The govt is only guilty of failing to spend adequately.
November 25, 2025 at 3:35 PM
The CEO has a $10m salary. However the fact remains that decisions of where to push 'profit squeezes' are not govt decisions, but private sector decisions and they choose customers and employee wages. The govt is only guilty of failing to spend adequately.
It can't be replaced with lab-grown meat on any comparable scale. However it is definitely a resources strain and wasteful.
November 24, 2025 at 11:59 PM
It can't be replaced with lab-grown meat on any comparable scale. However it is definitely a resources strain and wasteful.
'Many great legal scholars' = 'I checked on ChatGPT'.
November 24, 2025 at 10:26 PM
'Many great legal scholars' = 'I checked on ChatGPT'.
Leavitt's response was outrageous. Doubling down on wanting to prosecute them rather than reserving judgement. A mouthpiece for a dictator,.
November 24, 2025 at 9:35 PM
Leavitt's response was outrageous. Doubling down on wanting to prosecute them rather than reserving judgement. A mouthpiece for a dictator,.
Russian asshat what?
November 24, 2025 at 5:18 PM
Russian asshat what?
What sort of 'bulk' are we talking? 12-pack? 24-pack? 124-pack?
November 24, 2025 at 5:17 PM
What sort of 'bulk' are we talking? 12-pack? 24-pack? 124-pack?
I want to comb it.
November 24, 2025 at 4:17 PM
I want to comb it.
I'll take the accolade. Thanks.
November 24, 2025 at 4:16 PM
I'll take the accolade. Thanks.
This morning a repair man asked if my cat is pregnant. 🫣
November 24, 2025 at 4:11 PM
This morning a repair man asked if my cat is pregnant. 🫣
No. As an adjective that wouldmean 'on fire', but as a verb it is to disembark, but also to land (like a bird on a branch).
November 24, 2025 at 4:08 PM
No. As an adjective that wouldmean 'on fire', but as a verb it is to disembark, but also to land (like a bird on a branch).
Growth in private spending doesn't occur when govt spending is weak. It's a basic, unalterable fact & reason for contractions/recessions. Private sector doesn't fuel the economy, it reacts to fiscal policy. Attempts to 'boost the private sector' will fail, as it has failed for the last 50 years.
November 24, 2025 at 3:48 PM
Growth in private spending doesn't occur when govt spending is weak. It's a basic, unalterable fact & reason for contractions/recessions. Private sector doesn't fuel the economy, it reacts to fiscal policy. Attempts to 'boost the private sector' will fail, as it has failed for the last 50 years.
The answer to the (rhetorical) question of 'why' is because they believe in the ideology of 'supply side', and propping up economic resources held in private hands. For some reason they think govt spending into private pockets is better than govt spending directly.
November 24, 2025 at 3:14 PM
The answer to the (rhetorical) question of 'why' is because they believe in the ideology of 'supply side', and propping up economic resources held in private hands. For some reason they think govt spending into private pockets is better than govt spending directly.
The private sector doesn't invest in the public purpose, so attempts to 'boost private investment' as some sort of solution to general malaise has practically zero effect. The proposition: must tax or can't spend is why successive govts fail and why this false discussion arises at every budget.
November 24, 2025 at 3:10 PM
The private sector doesn't invest in the public purpose, so attempts to 'boost private investment' as some sort of solution to general malaise has practically zero effect. The proposition: must tax or can't spend is why successive govts fail and why this false discussion arises at every budget.
The myth that tax levels is the cause of lack of investment in the private sector's share of aggregate spending is the entire root of this problem. The private sector doesn't invest when general govt spending is weak, but tax-cutting or not raising doesn't do anything for targeted spending...
November 24, 2025 at 3:10 PM
The myth that tax levels is the cause of lack of investment in the private sector's share of aggregate spending is the entire root of this problem. The private sector doesn't invest when general govt spending is weak, but tax-cutting or not raising doesn't do anything for targeted spending...
Astonishing anyone needs tutoring on simple facts.
November 24, 2025 at 2:37 PM
Astonishing anyone needs tutoring on simple facts.
Pro-Israel bias showing there my man.
November 24, 2025 at 2:35 PM
Pro-Israel bias showing there my man.
Malthusianism isn't the solution (or the cause).
November 24, 2025 at 2:30 PM
Malthusianism isn't the solution (or the cause).