Anyone who believes that "master" is some kind of slur and takes the opportunity to take offense over it is not someone you want causing problems in your organization.
Because Asians broadly speaking do not depend on favors from the ruling elite for their position, thus they are politically unreliable (although currently mostly aligned with them).
Please add this to the column of "things evil right wing twitter anons were investigating years beforehand", so you can update your estimates of their future credibility.
MMT does not depend on or imply the relation between debt and inflation, it addresses the metaphysics of "government debt" as such. In fact it suggests you should not "inflate away the debt", as if governments were subject to an actual fiscal constraint of spending = taxes + borrowing (the premise MMT rejects).
20% of all dollars were created in 2020. The only thing preventing that from translating into the broader price level is that money velocity collapsed due to the Covid shutdowns. Instead most of that has channeled into financial and property asset prices.
Once velocity increases, as is the plan if you assume 2021 is the year we "recover" from Covid restrictions, the Fed will have a choice between inflation and deflating the money supply (eg by selling a huge portion of their accumulated financial assets). The latter implies a rise in interest rates that harms economic recovery and government borrowing costs, potentially reducing available fiscal stimulus.
I would like to read an analysis of how they plan on veeeery carefully extricating themselves from this situation but as far as I can tell the strategy is to wing it.
Mutual funds, the most legible way to get an estimate of the holding cost of securities (since they are required to transact at net asset value) routinely charge between 0.2-1% fees, depending on size and asset class.
Clearinghouses, transfer agents, and cash management firms don't work for free, which is the problem that cryptocurrencies explicitly solve; neither do compliance, KYC, fraud, etc., which most cryptocurrency protocols elide altogether.
Did you know that vanilla financial securities also require upkeep? Approximately 0.5% of the value of all financial assets is burned every year (and potentially an order of magnitude more, depending on what asset and packaging you're talking about).
What's the energy cost of a financial sector that takes a ~3% cut of all retail transactions, puts up physical bank branches to manage money, empowers a federal reserve to manage the value of currency with more or less competency... Comparing BTC energy costs to some mythical world where we just burn free lunches for heat is not honest.
Even fairly strong correlations break down on restricted ranges of inputs. Eg, if you're hiring between 80-90th percentile candidates (top ones get better offers, lower ones get filtered out), yes, the correlation will get swamped by noise; not so much if you are hiring between 0 and 100.
That is specious. People remember during the opening days of the Covid fiasco, when "disinformation" encompassed interpretations of publicly available data that were forbidden exactly until the moment they were mandatory (airborne transmission, fecal transmission, immunological vectors, potential treatments, and so on). In fact it still does!
How much evidence is there that the "reddit onslaught" actually moved the price, as opposed to them being the stalking horse for more sophisticated actors with more capital exercising a vanilla short squeeze strategy?
Simultaenous with pausing buys of GME they were allowing accounts and positions to be opened and margin trades to occur, so it cannot be that they simply needed to limit their capital requirement full stop. The capital requirement is a prerequisite for being in the business and this is not an unforeseen circumstance, it's why they have lines of credit (which in fact they did draw on, just not enough to support the business they purport to be in) on top of their working capital.