Daily Archives: January 12, 2020

All the Ways Facebook Tracks You—and How to Limit It

Wired has the article All the Ways Facebook Tracks You—and How to Limit It.

If you have a Facebook account—and even if you don’t—the company is going to collect data about you. But you can at least control how it gets used.

I still use Facebook to advertise posts that are on this blog, but for those who don’t have a real need for Facebook, they might rethink what they are doing. Be aware that

Facebook owns WhatsApp and Instagram, too,

Portugal has found an antidote to right wing populism

kontrast.at has the article Portugal has found an antidote to right wing populism.

Considering the booming economy, dropping unemployment numbers and the return of many once-emigrated young Portuguese citizens, it seems Portugal is on the rise. Facing the policies of socialist Prime Minister António Costa, which include properly supporting the welfare state and investing in the public sector instead of austerity measures, right wing populists don’t stand a chance.

This is from February 2019. This appears to be an example that shows that getting away from the austerity of neoliberalism can make significant improvements in the lifestyles of the people in countries that can use some socialism where appropriate.

Modern Monetary Theory: meet the economists fighting the economy

The Gower Initiative for Modern Money Studies has published an article on the interview Modern Monetary Theory: meet the economists fighting the economy.

From the USA presidential campaign perspective, I choose to highlight the following excerpt:

The jobs guarantee has the crucial advantage over universal basic income that it encourages the employment of people to do work that needs doing, and there’s no shortage of that.

“There are a whole set of activities that address unmet community need that the market will never address because they can’t be reconstructed into profit-making activities,” Mitchell argues.

The Good Dream is Factual MMT Warren Mosler

YouTube has the video The Good Dream is Factual MMT Warren Mosler.

First International Conference on Modern Monetary Theory 2017

An excellent address by Warren Mosler

This is one fabulous video. Warren Mosler always can simplify concepts so that they are hard to argue against. The only problem is that most people will have a little voice in their heads telling them that what Mosler says can’t possibly be true. Every reason people can come up with about why it can’t be true is easily shot down. Yes, but what about this, or what about that? Mosler has an answer for all of these things.

I like to use the Mark Twain quote – “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” People just know for sure that what Mosler says just cannot be true.

Here is a transcript of one quote in particular that is worth my remembering.

The government needs you to need their money. 33:45 “I don’t like to say taxes don’t fund spending because the word fund is ambiguous and even though you are right you can be dead right. It’s better to say the government doesn’t need your money to be able to spend. Not that it doesn’t fund it, it’s they don’t need it to be able to spend, but they need you not to have it. … You have to create a shortage to be able to spend. Taxes are more powerful than spending. A tax of $1 allows the government to spend maybe $1.25.”