an over excited and overjoyed young lady in warri pleading to enter the coach ! and we gave her the opportunity ! she ate drank and almost collapsed with joy !
It isn't difficult to imagine that at the very core of all obstacles in the way of #economics becoming an exact science, there would be human nature itself. But could this be proven ultimately, in an exact manner?
I appreciate the response! And my response here is: If you write a story about a theory, you have a responsibility to grapple with the substance of the theory.
Imagine writing a puff piece about Alex Berenson and his bold struggle to convince the world that vaccines don't work.
This was not a literature review on what macro thinks of MMT. It was a feature story about how MMT is grappling (or not grappling) with the fact that inflation has proven incredibly hard to predict, when so much of its argument relies on predicting inflation.
I simply think it's journalistically inappropriate to write a narrative piece about the hero's journey of the leading proponent of a theory without addressing - or even learning much about - the theoretical debate! I believe the New York Times should not do that.
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I'm struck by how MMT has actually had relatively little influence on the political system. Bernie Sanders and Elizabeth Warren, for example, both proposed paying for their spending proposals (whether the numbers added up is another question).
International students earned nearly half of all master’s and PhD STEM degrees awarded in the US in 2019
Insane that we're not stapling a green card to every single one of their diplomas
It's not peculiar to tech alone!
There's an urgent need to ramp up STEM in Africa and Nigeria in particular if there's any hope to survive the fourth industrial revolution!
MMT is not a theory of the economy; it's a set of political memes to push for more deficit spending, backed up by some smooth-talking advocates and a vicious social media gang.
But its star is falling.
All economics says this, not distinctive to MMT.
What is distinctive to MMT is that it pairs this theoretical observation with an empirical belief that the real resource constraint is in practice virtually never binding.
That was dramatically falsified. twitter.com/TheStalwart/st…
MMTers dont give thought to the value of money as governments can just issue money to spend its way out of deficit.
The value of money is its purchasing power, i.e., the quantity of goods and services it can purchase per unit of money.
It shouldn't be political!
Doc your take?
Inertia will kill your dreams. I've learnt it's possible for 25 years to pass while you're waiting for something to happen and for someone to save you.
One of the reasons why you need external & objective friends, mentors & professional coaches is, they tell you the unvarnished truth. This is one of the ways God knocks you out of inertia. Their job is to give you the necessary konk on the head when needed. Another way is crisis.
Congratulations to my Senegalese friends on that remarkable AFCON win. I hope we can replicate it in the Venture Capital ecosystem and beat Egypt in fundraising this year ;)
Instagram account has been banned ❌
It follows allegations that the page had repeatedly posted sponsored content without clearly disclosing it was advertising 👀
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We help founders think through their fundraising strategies even in a first meeting, whether or not we invest.
We want to see founders win, and healthy cap tables are an important part of that.
I received a pitch a day in 2021.
Trust me -- if you're lucky, investors will spend about 3 minutes reading your pre-seed deck the first time.
You need to make it count.
A plain-English thread for first-time founders on how.
🧵
Let’s stop pretending your web 2 company can pivot to web 3 and build something open and altruistic
They’re bloated oligopolies that work by consolidating power
We have a chance to front-run them right here and now
Lez f’ing do it ✊