STD Carriers · @stdcarriers
0 followers · 224 posts · Server social.freetalklive.com
Lina Gálvez Muñoz · @linagalvezmunoz
5 followers · 3337 posts · Server respublicae.eu

RT @NadiaCalvino: Intense day of on financial support & development of low-income countries.

The twin multilateral institutions @WorldBank & @IMFNews play a key role to address structural challenges and global public goods, fight poverty & ensure financial stability.

🐦🔗: n.respublicae.eu/linagalvezmun

#SpringMeetings #BrettonWoods

Last updated 2 years ago

JWSmith · @jwsmithphoto
75 followers · 205 posts · Server mastodon.world

Waiting for Spring on the grounds of the Mt. Washington Hotel.

#newhampshire #newengland #winter #BrettonWoods

Last updated 3 years ago

Cryptocurrency News Worldwide · @CryptoBot
1257 followers · 64432 posts · Server aspiechattr.me
Sbilanciamoci · @sbilanciamoci
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Aktion Freiheit statt Angst · @aktionfsa
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Doc Edward Morbius ⭕​ · @dredmorbius
2072 followers · 14642 posts · Server toot.cat

@pluralistic Among my madder notions is that the modern (1980 onwards) housing crisis might be a consequence of the 1970s oil embargos and end of the Bretton Woods agreement.

As a consequence:

... housing had become part of the international financial system, and grew in that role over the next forty or so years.

What assets do, if those holding them have any say in the matter, is appreciate [as previously discussed]... One classic mechanism for which is to constrain the supply. And there are lots of ways to do that with housing: big lots, big houses, construction and zoning laws, lousy infrastructure (crime, schools, transportation). So that the limited supply that is attractive keeps getting bid up....

At the same time, a bunch of the upward-mobility-escallator stuff starts disappearing. Especially factory jobs, that let high-school (or less!) educated people, and especially males, earn a solid, high-income, and really fucking reliable income. Join the factory at 18, retire at 65, spend your entire career with the same company, union's got your back, solid pension. It's hard work, sure, but it's also got a good reward.

web.archive.org/web/2019011503plus.google.com/10409265600415

I'm not sold on this myself, though it seems possible.

In connection with Doctorow's MMT mechanisms, it suggests that money is literally attached to both sides of this problem, though.

9/

#homelessness #BrettonWoods

Last updated 5 years ago