James Renquist @JamesRenquist

For pensioners, Japan fiscal has been austere for a long time already.

Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion

a day ago

Once interest rates "normalize", Japan's monthly interest payments will rise to the point where the government has to choose between A) austerity, and B) inflation/currency crisis. Government borrowing isn't an infinite money-pump. Eventually it catches up to you.

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A historic day in China’s space program! China’s Long March-10B has successfully completed its maiden flight—and recovered its first stage via a sea-based net. This marks the country’s first-ever controlled rocket recovery. A major leap toward reusable launch capabilities. 🚀🌊🇨🇳

@ZSchneeweiss @Simon_Nixon Greece had a problem in the Eurozone where it was forced to cut its government spending because the ECB did not feel like acting as a dealer of last resort for Greek government bonds. The UK has no such problem. Apart from that, Greek GDP today is still way below Greek GDP 2007!

For the libertarian economists who think the American working class is thriving, I would like to know: - why is there a depression-scale hidden level of joblessness as so many have dropped out of the labor force? - why so few of them are getting and staying married? - why they are the group succumbing to the deaths of despair?

The public are sick of rhetoric that doesn't match lived reality. What good is 0.6% economic 'growth' if you can't eat decent food, catch a bus, or afford a home. Most people don't want politicians going weak at the knees about tech giants while our high streets are boarded up.

Dizem que o problema do Brasil é a produtividade do trabalhador. Mas o brasileiro que planta café é produtivíssimo. O problema não é produtividade, é valor adicionado. A gente produz muito do que vale pouco.

Maybe the simplest explanation of why private debt is a lot more harmful to economic stability than public debt.

Prof. Steve Keen @ProfSteveKeen

3 days ago

Two types of money. One comes with a chain. One does not. When a bank gives you a mortgage, it creates money. But every dollar comes with decades of repayment. That is money with a chain. You spend carefully. You save defensively. You slow down. When the government runs a

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100%. The “tell” is that capital and finance were liberated.

Jacobin @jacobin

4 days ago

Neoliberalism's defining feature was always the insulation of capital from democratic control. Trumpism’s break with free trade has changed the rhetoric. But the underlying economic order remains intact. jacobin.com/2026/07/neolib…

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@FT @lexhoogduin "Borrowing costs" are determined by the Bank of Japan's interest rate. This has nothing to do with "debt fears". Japan has no public bonds denominated in foreign currency worth mentioning.

Los sueldos bajos se acercan a los medios Las economías avanzadas (y España) están cayendo en la trampa de los bajos salarios La OCDE detecta un aplanamiento de la estructura salarial y de oportunidades que reduce las perspectivas de progresión y el retorno de adquirir más cualificación elconfidencial.com/economia/2026-…

This is like a massive, stinging slap in the face of every self-righteous proponent of the free-market economy who works tirelessly to brainwash the entire planet into believing that limited government intervention is inherently good, that state regulation is evil, and that prices will always magically find their true, natural value. If the state does not decisively intervene to stop corrupt oligarchs, private equity firms, and global investment giants from buying up every single affordable residential home, real estate prices will never find a value that respects basic human dignity, local communities, or the working class. Instead, they will only ever find a highly inflated, artificial value that strictly protects the greedy corporate interests, profit margins, and portfolios of multi-billion-dollar venture capitalists. Socialism works and will always work. Even the most ruthless capitalists on Wall Street still desperately lobby for massive government tax cuts, multi-billion-dollar state bailouts, favorable regulatory loopholes, protectionist trade tariffs, and direct central bank interventions, which is basically nothing but a highly customized, tax-funded communist manifesto designed exclusively for the rich, the powerful, and the politically connected.

Pubity @pubity

4 days ago

China's Real Estate market has erased all gains from the last 20 years. Housing prices are expected to fall even further, in line with the Chinese policy that "houses are for living, not for speculation".

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Two types of money. One comes with a chain. One does not. When a bank gives you a mortgage, it creates money. But every dollar comes with decades of repayment. That is money with a chain. You spend carefully. You save defensively. You slow down. When the government runs a deficit, it also creates money. But that money lands in private bank accounts with no debt attached. That is money without a chain. You spend freely. Commerce picks up. In the 1950s and 60s, private debt was low. Government spending put debt-free money into the economy. People spent. Growth was real. Then economists told politicians to slash deficits and let the private sector fill the gap. The private sector filled it. With debt. Household borrowing exploded. The economy ran on money that people were terrified to spend. That is how you build a subprime bubble. That is how you get 2008. The economy does not just need money. It needs money people are free to use. Economists spent 50 years trying to eliminate exactly that. So for a more comprehensive understanding, refer to the full video presentation given in the comments. #SteveKeen #MoneyCreation #PrivateDebt #GovernmentSpending #PostKeynesian #Economics

In New York City, if you break our worker protection laws and shortchange your workers, we will make you pay back what you owe. Yesterday, we recovered $2.3M for 1,600 workers from Walgreens, Calzedonia, and Kinship Coffee. Since January, we have recovered more than $10 million for New York City workers. Because our City is not a billionaire's playground. New Yorkers have the right to a regular schedule and protected time off. If your employer violates our laws, file a complaint at nyc.gov/workers and we will fight to put money back in your pocket.

Zohran Mamdani is constantly proving that government CAN work for people.

Democrats Deliver @DemzDeliver

4 days ago

🚨 Zohran Mamdani has now cut subway ticket prices in half for low-income New Yorkers.

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@DEhnts I fully agree. The ideal scenario would be a system designed to foster balances like the Bancor proposed by Keynes. All others tend to fall in some form of neo-mercantilism that, while functional for some, might tend to hurt the global economy in the long-run.

Quien llama “cáncer” a las bajas laborales y propone que los trabajadores enfermos cobren menos deja claro de qué lado está. Nosotros estamos del lado de quienes madrugan, trabajan y merecen protección cuando la salud les falla. Los derechos no se recortan. Se defienden. elpais.com/economia/2026-…

Taiwan solved tax evasion in 1951 with a trick so cheap it should embarrass every tax authority on the planet. The problem was an all-cash economy full of small shops. A merchant pockets the cash, skips the receipt, and the sale never existed. Auditors can't catch what was never recorded, and hiring enough of them to watch every noodle stand costs more than the missing tax. So finance chief Ren Xianqun flipped the incentive. Print a lottery number on every receipt. Draw winners every two months on live TV. Top prize today: NT$10 million, about $310K. Suddenly the customer and the shopkeeper want opposite things. The merchant wants the sale off the books. The customer wants the ticket. And there are millions more customers than merchants. Every transaction now carries a built-in witness demanding the paper trail. Year one, reported tax revenue jumped 75%, from NT$29 million to NT$51 million. Seventy-five years later, roughly 70% of Taiwanese still play. Convenience stores redeem the smallest NT$200 prizes at the register, so even a coffee receipt feels like a scratch card. The elegant part is what the audit force costs. The prize pool runs about NT$7 billion a year, roughly $20 million. In exchange, the government gets 23 million unpaid auditors working every checkout line in the country, forever. No inspector general on earth delivers that coverage at that price. Greece, Italy, Portugal, and Slovakia all copied it. The most effective compliance tool ever built looks like a game, and that's exactly why it works.

CR1337 @CR1337

6 days ago

In order to prevent stores from evading taxes, every receipt in Taiwan is automatically a lottery ticket, too, which can win up to $300k, turning customers into voluntary tax auditors:

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Why are we once again blaming the little people? Trillions in tax breaks and reductions for the rich and corporations. This is all chicken feed.

Aakash Gupta @aakashgupta

5 days ago

Taiwan solved tax evasion in 1951 with a trick so cheap it should embarrass every tax authority on the planet. The problem was an all-cash economy full of small shops. A merchant pockets the cash, skips the receipt, and the sale never existed. Auditors can't catch what was never

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i just want to point out… the amount of money the U.S. has spent on war in the last 2.5 months is roughly the same cost that Bernie Sanders proposed for universal college. so the real question is never ‘can we afford it’… it’s what we choose to prioritize.

We are going to do a terrible thing to you. We are going to deprive you of an enemy. - Georgi Arbatov, Soviet diplomat, 1991. ⏬️ Arbatov predicted that if the Soviet Union collapsed the United States would face a profound identity crisis. For nearly half a century, the US completely organized it policies and internal national identity around opposing the Soviets. So much that it knew nothing else. Without a existential adversary to unite against? It would be harder for the U.S. government its own domestic politics unified. Since people might turn on each other without a common external threat. Or turn outwards to justify their military spending. He was right.

Renzo™ @fwrenzo1

5 days ago

The "Middle Class" was a 50-year fluke designed to prevent a communist revolution during the Cold War. Now that the threat is gone, the elites are systematically dismantling it. You aren't "falling behind"; you’re being pushed back into the peasantry.

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