The Jain Family Institute is an applied research organization in the social sciences. We work to bring research and policy from conception in theory to implementation in society. This channel gives a glimpse into our regular research sessions and briefings on new and compelling research from our team, including live events with economists, historians, sociologists and others, facilitated by the team at Phenomenal World.
See PhenomenalWorld.org and JFIresearch.org for more.
loved "How and why US single-family housing became an investor asset class", "The role of the State in the transfer of value from Main Street to Wall Street: US single‐family housing after the financial crisis" and "Mind the rent gap: Blackstone, housing investment and the reordering of urban rent surfaces"
See, you'd sooner block the comment than explore an actual solution. And you've proven it beyond any doubt. You're perception of yourself is more important than the future you pretend to want to save. The solution to poverty, energy scarcity, and all global conflict is at your fingertips. But your only impulse was to protect your ego. Good luck with your PhD. Although, it might as well be honorary, for all the benefit your ego will bring society.
@@SanguineThor thanks to the efforts of thousands of real scientists and access to the greatest information apparatus in human history, I do, in fact, got it all figured out. But as I mentioned, solutions aren't what this is really about.
You miss the overhead on the USA economy due to the financialization of the USA economy. If you remove this overhead, then people in the USA don't need increased wages to have a higher standard of living.
Why on earth would Nathan be included in the debate if he hasn’t even read the book and seems to have not read much of Michael’s other articles to properly understand hos position? Adam definitely seems like the great synthesizer of all the ideas in this debate.
Illuminating discussion. Thanks. Argentina, perhaps, is not the right case to discuss in this context. Debt negotiation is just one of the many problems that the economy faces, beginning with a lack of credibility in its government.
Apparently the twitter phenomenon of disagreeing with arguments/ pieces before having read them extends into the intelligentsia! Still a v interesting discussion
Interesting points but hard to sit through two hours of distorted voices. 6 months into the pandemic and nobody, in a group made of people that depends on us buying their books and following them on the internet, has invested in a decent camera and microphone.
It’s disappointing that the skeptics side came unprepared for the debate at hand. Nathan hadn’t read the book, Josh hadn’t read Michael’s description of the mechanisms at play, and Jon’s argument that China would never give up their export model is disproved by the Chinese government itself. Jon and Josh in particular seem to view the accumulation of savings in China as a noble undertaking that declares freedom from the US hegemony, when in reality it is driven by massive domestic inequalities. Neither of them touch on the fact that the driver of the imbalances is traced to domestic Chinese policies of regressive taxation, inability of workers to engage in wage bargaining or securing employment rights , and the lingering predominance of the Party and local governments in the economy. Fixing these problems would massively stimulate demand within China, but are politically problematic because of rife cronyism and a paranoid Communist Party unwilling to create unhappiness within its own ranks.
I imagine Warren Mosler might have something to say about the opportunity for the US to take advantage of the behaviour of countries like Germany and China. Since they are effectively providing the US with real resources in exchange for US paper, why not run deficits large enough to employ all of the un-and-underemployed US labor in an ELR (employer of last resort/Federal Job Guarantee) that provides improved living standards for US citizens? Outside of that, yes please to a return to capital controls.
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