.\ Tom Foster at tomfoster66 dot bsky dot social
@tomfoster66
🇦🇺Living on Bidjigal land of the Eora Nation. Mostly follow politics, #MMT economics, history, sport #SydneyIsSkyBlue #YNWA at tomfoster66 dot bsky dot social
It would be nice if it were true. Employers DO NOT automatically transfer extra money they get from higher productivity to workers. In fact they have been keeping most of it for decades now.
What other schools of economics have their own feature film? Maybe Larry Summers plans a cinematic glorification of unemployment, austerity, and low wages.
Do you remember when people like Larry Summers were asking where all the #MMT people had gone? We never went anywhere. We are still pushing, with others including ecological economists, for a more realistic and pluralist approach to economics. There are more of us than ever.
Modern Money Lab UK is gaining momentum, and it looks like the Bristol Conference in September will be a great launch event. We will then be doing workshops in Amsterdam, Sheffield and Vienna. Modern Money Lab Europe next, I hope More details here: modernmoneylab.org.uk/events/
The only American beef we buy goes into dog food and canned stew. Nobody actually eats it.
A Native American man in a canoe reportedly washed up in Spain many years before Columbus set sail
share your favorite piece of medieval lore
An interesting fact about Grant's visit to East Asia was that he was disgusted by what the West was doing over there, so he met w/ both China and Japan trying to urge them to cooperate so that they wouldn't be overrun by the West. Even tried to mediate a dispute btwn them.
Ulysses S. Grant's visit to China with notable Chinese Viceroy Li Hung Chang. Grant had traveled to China after his term as president during a two-year world tour. 1879.
I hope that the economic program of this new 🇬🇧 project will embrace the progressive trinity of Doughnut Economics, Mission Economy and Modern Money Theory #MMT🍩🚀💰 yourparty.uk
This a was a good decision. Makes Trump thinks he got a win and absolutely no one in Australia has any desire to buy US beef as it is worse quality and more expensive. We export about US$7.5billion worth of beef (incl frozen) and import about US$26million. (Mostly wagyu)
American beef in Australia is like sending instant coffee to Italy. Who in Australia would want this?
This is important. If ur going 2 set up a new political party or run as an independent, adopt #MMT 4 yr economic policy lens 2 offer a true set of alternative economic policies, otherwise ur just another neoliberal variant amongst many already #auspol @deniseshrivell @kwingerei
He needs an MMT savvy shad chancellor. Go hard, or go home.
What do we do about our $36 Trillion National Debt? On our latest @TheMiddle_Show episode, economist @StephanieKelton of @stonybrooku says we should stop worrying about it so much. Full show on the podcast: podcasts.apple.com/us/podcast/how…
This was very nice of @RichardJMurphy. taxresearch.org.uk/Blog/2025/07/2… p.s. We will be in Amsterdam and Vienna too.
This tweet has probably been liked 10,000 times, only for X to remove likes and retweets over and over and over again. Why is that? Because the powers that be do not want you to understand how our nations monetary system actually works.
Some basics. The US Dollar is a tax credit. It is a unit of measure. You can't run out of inches You can't run out of numbers The government can't run out of dollars... unless it purposely, politically chooses to. Thread 1/x