Matthew Yglesias

Matthew Yglesias @mattyglesias

Those mid-Obama deficit reduction ideas that didn’t make sense given the economic situation? Well, the situation has changed and they make sense now. https://t.co/M703JcveMa — PolitiTweet.org

Matthew Yglesias @mattyglesias

Inflation is bad but rising interest rates are also bad so it would be good to have a balanced deficit reduction package that obtains revenue from the wealthy while trimming spending — the dream of the nineties is alive in my analysis of the macroeconomic situation! — PolitiTweet.org

Matthew Yglesias @mattyglesias

RT @bfurnas: “The idea that the welfare state has totally failed is a lie I’m used to hearing from Paul Ryan, not something I expect to hea… — PolitiTweet.org

Matthew Yglesias @mattyglesias

RT @Wertwhile: Agree on fiscal policy but don’t agree that the structure of our political system makes it impossible. For years it was the… — PolitiTweet.org

Matthew Yglesias @mattyglesias

I guess it’s a California bank so McCarthy wants to make sure the clowns don’t believe their own propaganda — PolitiTweet.org

Matthew Yglesias @mattyglesias

Death rates for teenagers are up over the past few years — seems to be mostly car wrecks & murders but with a little bit of overdose and Covid thrown in. https://t.co/qNcUu636D1 https://t.co/wV21MEfd5d — PolitiTweet.org

Matthew Yglesias @mattyglesias

Why has poverty fallen? Because the EITC, the expansion of the CTC and the expansion of Medicaid have all given the poor more resources, while work and wages have also risen a bit. What we’ve done works, we could accomplish more if we did more. https://t.co/1tdxmcG3ek — PolitiTweet.org

Matthew Yglesias @mattyglesias

Desmond and the NYT mag did a tremendous disservice to public understanding by claiming that poverty hasn’t fallen at all in fifty years when low-income Americans’ material living standards have clearly risen. https://t.co/qpozpNwcT3 https://t.co/dHM1crugKH — PolitiTweet.org

Matthew Yglesias @mattyglesias

Significantly expanding the welfare state requires higher taxes which is very politically challenging, but analytically speaking the relatively high poverty rate in the US is easy to explain — our safety net is unusually small. https://t.co/MbDcVccIsG — PolitiTweet.org

Matthew Yglesias @mattyglesias

@bendreyfuss One group you do not hear a lot from on Twitter — the 39% of Democrats who agree the Democratic Party is at least somewhat too extreme in its views. https://t.co/q85ZUH2R61 — PolitiTweet.org

Matthew Yglesias @mattyglesias

@julia_azari @kjhealy @profmusgrave It’s because they stand at the pinnacle of a hierarchical system that all institutions of higher education participate in. — PolitiTweet.org

Matthew Yglesias @mattyglesias

@micsolana I think it’s a reference to a famous line in Keynes — PolitiTweet.org

Matthew Yglesias @mattyglesias

@ProfJayDaigle Seems bad — PolitiTweet.org

Matthew Yglesias @mattyglesias

RT @hamcarless: 8. Martin Van Buren https://t.co/hCoi0t9uvA — PolitiTweet.org

Matthew Yglesias @mattyglesias

@primalpoly Right, I’m just saying the fact that bankers are mostly men suggests bad criteria are being used to select them. This is not a field where height or upper-body strength are important. — PolitiTweet.org

Matthew Yglesias @mattyglesias

But if the technology evolves to the point where there are no gold bars and it’s all just spreadsheet entries and “storing” $1 million on a spreadsheet doesn’t cost any more than storing $1 it seems like we really could do saving & payments without all the lending…. — PolitiTweet.org

Matthew Yglesias @mattyglesias

The risks and complications of all this bank plumbing are a very pragmatic alternative to saving money being an expensive process of hiring tons of armed guards and building giant safes. We love our banks! — PolitiTweet.org

Matthew Yglesias @mattyglesias

There are all these big risks hidden in the system because actually if too many people ask for their gold back at once the bank collapses. But most days it’s great — everyone is swapping pieces of paper and all the gold is safe without anyone paying gold storage fees. — PolitiTweet.org

Matthew Yglesias @mattyglesias

What’s really great about this system is the bank doesn’t actually have to lend out physical bars of gold (heavy, inconvenient) when they make loans to people — they can just write little notes that are like “this is $10 worth of gold” and people can swap those notes. — PolitiTweet.org

Matthew Yglesias @mattyglesias

In that system, the bank pays *you* for the right to store your gold because it would then earn a profit by loaning it to other people. Of course legally they wouldn’t be storing your gold bars at all, they’d be borrowing them. But with a promise to give them back on demand. — PolitiTweet.org

Matthew Yglesias @mattyglesias

Suppose all your savings was in the form of gold bars. You’d want to store those bars someplace safe and you’d have to pay for the privilege. The more bars you had, the more you’d need to pay. Alternatively, you could let the gold-storer borrow your gold and lend it out. — PolitiTweet.org

Matthew Yglesias @mattyglesias

Isn’t borrowing short to lend long like all of banking? I agree that on some level the role banking plays in our society is an error, but that’s a story for another day. — PolitiTweet.org

Matthew Yglesias @mattyglesias

Conservative media has been subsisting on a diet of low-nutrient culture war chum leading to brainrot https://t.co/yla5FJ1Mgi — PolitiTweet.org

Matthew Yglesias @mattyglesias

Look whatever you think about Tucker you’ve got to admit that back in 2007-2008 before Obama ruined everything we never had problems with the banking system. — PolitiTweet.org

Matthew Yglesias @mattyglesias

Somehow the Reagan administration was so invested in its illegal Contra funding scheme they didn’t object to this request for a diplomatic visa and the Joker delivered this speech to the General Assembly. https://t.co/EkVWpLWYJz — PolitiTweet.org

Matthew Yglesias @mattyglesias

Kids today will never know what it’s like to make a 50 cent phone call to vote to have a prominent superhero murdered as part of a convoluted scheme involving Hezbollah and Iran’s UN delegation. https://t.co/80hYU3bRAs — PolitiTweet.org

Matthew Yglesias @mattyglesias

@bendreyfuss Dresses up in a bat costume to beat up so-called criminals on behalf of global capital’s desire to gentrify Gotham City while ignoring wage theft. 🚩🚩🚩🚩🚩🚩 — PolitiTweet.org

Matthew Yglesias @mattyglesias

@bendreyfuss I don’t think Batman is a huge labor rights guy — PolitiTweet.org

Matthew Yglesias @mattyglesias

Chart from @M_C_Klein — not only were 90% of SVB’s deposits uninsured, most of them didn’t even pay interest. https://t.co/NYGhmryork https://t.co/RAt7iTzWAw — PolitiTweet.org

Matthew Yglesias @mattyglesias

Movies are back! (Sort of) — PolitiTweet.org