James Hansen @jamesghansen
Urbanist, opinions are my own. jameshansen.blogspot.com.au Sydney, AUS Joined April 2010-
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James Hansen retweeted
Am talking at an investment conference in just over a week. The theme includes long-term economic growth. I have a slightly confronting message about that topic. Can you guess what it is?
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@trnsprtst In the short run the price of fuel might fall, a bit, but over the medium term the price of fuel probably goes up as fixed costs are spread over less production and competition wanes as less productive wells and refineries leave the market.
@AlanKohler Why do we need the government to swap reserve deposits for bonds? Rates support? Let them hit 0! In a time like this I think there are far better things to spend money on then corporate welfare interest payments.
@sandylanceley @BorgerDavid @PhilipThalis @GladysB The heritage warehouse, Philip Cox’s architecture, the garment industry of Surry Hills, the Goods Line and engine No 1. The Powerhouse is unquestionably and institution of its place, just like the Opera House or Art Gallery
@sandylanceley @BorgerDavid @PhilipThalis @GladysB By that logic we should move the Opera House to Orange and the Art Gallery to Gosford
@BorgerDavid @PhilipThalis @GladysB @BorgerDavid Who suggested satellites? Parramatta should have its own cultural institutions that reflect the history, people and culture of Western Sydney. The idea that we need to import culture from the east is insulting.
@trnsprtst Perfect time to build an Aerotropolis and global aviation based economy in Western Sydney...
James Hansen retweeted
Ok Tweeps, here goes — for those of you who subscribe to YouTube channels, I’ve got mine minimally started, with helpful advice from some of you. Please spread the word — for now, I’m calling it “Brent Toderian on CITIES!” Now to learn how to polish it. youtube.com/channel/UCBTct…
James Hansen retweeted
New all electric passenger ferry being built for Kiel, Germany. Will have automated mooring system operated from wheelhouse. This is what Sydney needs for Bays precinct.
Dutch yard lays down first fully electric ferry | ShipInsight hubs.ly/H0pcyhJ0 #shipping #maritime @SKF
Uni admissions will now be done by post code... wait, that’s how the HSC works... I think we just figured out how to make standardised testing cheaper!
@bagwellian sovereign money issuing governments can’t borrow their own money, selling bonds is a reserve swap not a reserve add.
@frankelly08 you should interview @StevenHailAus if you want to understand how we pay for all this spending @RNBreakfast
James Hansen retweeted
A quick MMT talk for schools. youtube.com/watch?v=L7eisn…
@PhillipCoorey Sovereign money issuing governments don’t finance spending with taxes or borrowing, we pay for it by employing resources from private goods into public goods. It’s an opportunity cost, not a financial cost.
@AlanKohler Thank you for sharing your conversation with @billy_blog. I hope it has peaked your interest to study MMT and help communicate the MMT lens with a broader audience.
A reserve swap isn’t going to help in a crisis. We need to allocate resources to the people that need it. We do that through deficit spending and a bit of inflation to deleverage households. Also need to prevent RBA from raising rates and shifting income to people with resources
@ProfSteveKeen Here’s a hint. We already have 0 yield bonds, it’s called cash.
@ProfSteveKeen Would a 0 yield bond be a reserve add, drain or swap?
@Bredgens Same in Sydney, the best bus routes were tram lines
James Hansen retweeted
@AklCouncil have just disbanded their Auckland Design Office, responsible for things like the shared spaces, the current changes to High St & plans for making city more people friendly. A clear message to council family that if you're innovative & effective you'll be out of a job
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