Wank Dad 2: Electric Wankaloo

[Kara]

That reads like Club de Cordeliers deranged Alexandria Ocasio-Cortez article.

Don't agree with you trying to make the man who saved us from rear engine American made cars a wank dad, though.

 

[Tripon]

That reads like Club de Cordeliers deranged Alexandria Ocasio-Cortez article.

Don't agree with you trying to make the man who saved us from rear engine American made cars a wank dad, though.

 

What makes a wank dad, the content or the need to be infamous?

[shosta]

Pretending you're an intellectual genius on a lonely but important mission to deprogram the masses of woke leftwing Marxist ideology, and then proceeding to post the most brain-damaged content.

[shosta]

MMT guys don't even read late Abba Lerner though

https://www.brookings.edu/wp-content/uploads/1978/06/1978b_bpea_lerner.pdf

spoiler (click to show/hide)

The founder of functional finance being a rational expectations guy is a pretty good troll

[close]

[Kara]

MMT guys don't even read late Abba Lerner though

https://www.brookings.edu/wp-content/uploads/1978/06/1978b_bpea_lerner.pdf

spoiler (click to show/hide)

The founder of functional finance being a rational expectations guy is a pretty good troll

[close]

They also don't read economic histories of the late German Empire and Weimar Republic.

[shosta]

That inflation was intentional though

[Kara]

Not so much the inflation as the fighting World War I on a credit card.

[shosta]

Every country fought the war on a credit card, the only difference is 1) germany lost 2) the british and french could tap into american money markets

[Nintex]

Every country fought the war on a credit card, the only difference is 1) germany lost 2) the british and french could tap into american money markets

credit cards did not yet exist during WW1, which is why they all went bankrupt.

Those silly buggers thought you had to pay for things with currencies backed by gold

[Kara]

Every country fought the war on a credit card, the only difference is 1) germany lost 2) the british and french could tap into american money markets

The U.S. and U.K. paid for ~25% of their war costs with income taxes.

Not super familiar with the tax history of France, but I believe they implemented one around the start of the war and raised rates during it. Again iirc, it didn't get much traction since it started part and parcel with the war.

Regardless, and specifically as it pertains to the world's sole superpower adopting chartalism, sometimes empires do fall and the standards in those situations aren't the same as when they're ascendant. To my knowledge present day chartalists don't dwell on this too much.

[Tripon]

https://twitter.com/nycsouthpaw/status/1294411978954493952

RIP. Flew too close to the sun.

https://twitter.com/willsommer/status/1294412608049745921

[Mandark]

and it seems to me/that you lived your life/like a grifter in the wind

[Nintex]

He will be back as Mill Bitchell

[shosta]

The U.S. and U.K. paid for ~25% of their war costs with income taxes.

Not super familiar with the tax history of France, but I believe they implemented one around the start of the war and raised rates during it. Again iirc, it didn't get much traction since it started part and parcel with the war.

Regardless, and specifically as it pertains to the world's sole superpower adopting chartalism, sometimes empires do fall and the standards in those situations aren't the same as when they're ascendant. To my knowledge present day chartalists don't dwell on this too much.

When Germany raises funds for its war through public bonds and doesn't repay the bonds after the war, that's effectively a tax! The problem is that the bonds became monetized in Germany in comparison to the UK or France, which is why Germany had shortages. And this was in turn a consequence of those latter countries having a deeper and more developed finance capitalism than Germany did at the time.

https://encyclopedia.1914-1918-online.net/article/war_finance_germany

Anyway arguing for or against any kind of economic regime based solely on what would happen if that country lost a devastating war and was subsequently plundered is pretty disingenuous. And don't tell me that so-called chartalism is only possible under the conditions of monetary hegemony because the(ir) literature only ever relies on monetary sovereignty. But I'm not a magic money tree guy so don't expect me to defend that argument much more than I have.

[EightBitNate]

But what was the original ban for?

[VomKriege]

and it seems to me/that you lived your life/like a grifter in the wind

I've said things you people wouldn't believe. Russian bots on fire off the shoulder of Parler. I watched fake COVID tests glitter in the dark near the White House. All those tweets will be lost in time, like tears in rain. Time to ban.

[Mandark]

But what was the original ban for?

The classic "arrested for resisting arrest."

[Kara]

When Germany raises funds for its war through public bonds and doesn't repay the bonds after the war, that's effectively a tax!

I like your creative way of interpreting expropriation, we need that kind of ingenuity in the socialist movement.

It's not disingenuous to ask what happened to a country where Chartalism held away (which was the German Empire). Austrian School guys also conspicuously don't dwell too much on what happened with Austria-Hungary. (Again, to my knowledge, the less time I spend reading Austrian School guys the better.)

[VomKriege]

https://twitter.com/Joelmpetlin/status/1294378635231662080

And yet he's out there spinning like a derviche for some of them.

[Skullfuckers Anonymous]

Benji’s got a good thread to remember Bill with.

https://mobile.twitter.com/Ad_Inifinitum/status/1252717799413370880

[Nintex]

Benji’s got a good thread to remember Bill with.

https://mobile.twitter.com/Ad_Inifinitum/status/1252717799413370880

Not only that, Ash (@AshBCoffin) retweeted this post of his

https://twitter.com/Ad_Inifinitum/status/1294104884887851011

[team filler]

holo...

[shosta]

I like your creative way of interpreting expropriation, we need that kind of ingenuity in the socialist movement.

I'm being cheeky but only to point out why "germany didn't raise taxes" can't explain chartalism's failure in the german empire. It did tax the public, just not legally.

It's not disingenuous to ask what happened to a country where Chartalism held away (which was the German Empire).

It is disingenuous to pretend the economic consequences are primarily the result of the financing decisions of the government. To the extent that Germany expected to plunder its borders, there was a shortfall. But inflation was stabilized to 2% by the end of the war and it didn't become a problem again until the French decided to fuck Germany to death.

[Rufus]

twitter.com/Joelmpetlin/status/1294378635231662080

And yet he's out there spinning like a derviche for some of them.

At the end of the day, you want your plumber to win the national plumbing cup.

[Tripon]

https://twitter.com/Joelmpetlin/status/1294378635231662080

And yet he's out there spinning like a derviche for some of them.

Ben Shapiro forgetting about Joe the Plumber. 

[Skullfuckers Anonymous]

(Image removed from quote.)

That can't be real...

Bill’s not the brightest.

https://mobile.twitter.com/KT_So_It_Goes/status/1050124864919617539

[Tripon]

https://twitter.com/AnandWrites/status/1294378740965945344

I'm putting my foot down that this is a wank post.

[Joe Molotov]

Bill Mitchell: “If you were a hotdog and you were really hungry, would you eat yourself?”

[team filler]

 

[VomKriege]

https://twitter.com/UweBollocks/status/1294627328824422401

[Tripon]

https://twitter.com/mschlapp/status/1294361206560612353   

We need a smooth brain emote.

[Great Rumbler]

https://twitter.com/UweBollocks/status/1294627328824422401

Billy who loved tweeting.

[shosta]

https://twitter.com/DineshDSouza/status/1294680730283454464

spoiler (click to show/hide)

https://twitter.com/MonValleyAF/status/1294683115730993152

[close]

[VomKriege]

https://twitter.com/DineshDSouza/status/1294680730283454464

spoiler (click to show/hide)

https://twitter.com/MonValleyAF/status/1294683115730993152

[close]

Jokes so bad I made them several days ago.

....do they not realize there are black hispanics...?

African-Americans come from Africa. 

What about the ones who come from Jamaica

Zion-Americans. 

[Tripon]

https://twitter.com/DineshDSouza/status/1294680730283454464

spoiler (click to show/hide)

https://twitter.com/MonValleyAF/status/1294683115730993152

[close]

Jokes so bad I made them several days ago.

....do they not realize there are black hispanics...?

African-Americans come from Africa. 

What about the ones who come from Jamaica

Zion-Americans. 

https://twitter.com/DineshDSouza/status/1294680307992604673

Dinesh is really bad at this.

[VomKriege]

You know me, I don't see race. Now let me dig into her genealogy tree to explain to you in intricate, convoluted detail why she's not really black enough.

[shosta]

https://twitter.com/mattyglesias/status/1294718348870246401

he fucking loves doing this shit

[shosta]

https://twitter.com/shereeny/status/1294262954263744512

Fucking owned

[Oblivion]

https://twitter.com/lhfang/status/1294309741229875200

this clown used to write for think progress

[VomKriege]

Declining returns on postage ? Just increase the population by 200% ! What do you mean costs and infrastructure weight would increase alongside revenue ?

[Tripon]

Are we getting CPAC next year?

https://twitter.com/mschlapp/status/1294361206560612353

Depends on getting federal liability waivers. 

Still nuts that CPAC knew that COVID was in the area and still held their event way back in March.

[shosta]

[Oblivion]

https://twitter.com/thomaschattwill/status/1294343527426666497
https://twitter.com/thomaschattwill/status/1294395767713669121

[Great Rumbler]

I'm not mad, actually I'm laughing!

[shosta]

Just noticed Twitter finally let people restrict their replies to people the account follows... it's a sad day for posters 😞

[shosta]

I want everyone to know I will NEVER restrict my replies and they are always open, even to accused pedophiles like Alan Dershowitz and Dennis4k.

[Nintex]

Just noticed Twitter finally let people restrict their replies to people the account follows... it's a sad day for posters 😞

Twitter is ruining everything, clowns 

[EchoRin]

This likely will only apply to people who aren't interested in the public back and forth. Like say X has 50 or so twitter people they follow (possibly mostly their friends), but aren't interested in randos showing up, they would then use that feature.

But if you are someone that particularly thrives on getting reactions for the sake of itself or for the sake of popularity, you ain't going to use that feature. Basically it makes no sense for anyone who isn't trying to use Twitter in a more private and personal way. You will just stick to blocking individual accounts.

[Oblivion]

https://twitter.com/kathbarbadoro/status/1294672614980493315

[VomKriege]

That's a solid cutout. 

[Joe Molotov]

Is that the Serbian hospital where he's currently being placed into another medically-induced coma?

[Nintex]

[Tripon]

Do they actually think the all meat diet works?

[VomKriege]

Do they actually think the all meat diet works?

Does it matter ? 

[VomKriege]

https://twitter.com/DineshDSouza/status/1295027713145806848

https://twitter.com/DineshDSouza/status/1295021989174947841

[Rufus]

The fact that this frenulum has so many cheerleaders is the truly depressing part.

[shosta]

that tweet about bathrooms is heroin for a wank junkie like me. straight into my fucking veins, dinesh!

[Nintex]

Why are private bathrooms, both in our homes and in commercial establishments, so much cleaner and less smelly than public bathrooms? Could it be because they are privately owned? Here, in miniature, is a test case of private versus public ownership, ie capitalism v. socialism

This is one of the all time greats 

[VomKriege]

that tweet about bathrooms is heroin for a wank junkie like me. straight into my fucking veins, dinesh!

He's got an USPS rant going on that is all wank too.

[VomKriege]

Don't force your nanny-state prevention about prison rape on me, I'll let the invisible hand decides thank you very much.
 

Edit :


 

"When you're in a confinement center it's a real Empire Strikes Back moment" *adjusts gold watch*