Bhav
@bhavkhatri.bsky.social
Theoretical physicist/biologist. Interested in evolutionary theory & inference, statistical mechanics of genotype-phenotype maps, virus evolution, and DNA/chromatin polymer physics.
bhavkhatri.io
bhavkhatri.io
Btw we can decouple national economic objectives from international trade objectives & that is a world clearing currency that Keynes suggested (he called it the Bancor) or an International Monetary Clearing Union as Paul Davidson suggested. But establishing these is a big global political challenge
November 30, 2025 at 10:25 AM
Btw we can decouple national economic objectives from international trade objectives & that is a world clearing currency that Keynes suggested (he called it the Bancor) or an International Monetary Clearing Union as Paul Davidson suggested. But establishing these is a big global political challenge
You gave no explanation & just made statements🤦♂️
I literally said it doesn't automatically lead to weaker pound & *imported* inflation. But needs considering when figuring out limits of gov spending — which I completely support in order for the gov to achieve social and climate change goals!
I literally said it doesn't automatically lead to weaker pound & *imported* inflation. But needs considering when figuring out limits of gov spending — which I completely support in order for the gov to achieve social and climate change goals!
November 30, 2025 at 10:02 AM
You gave no explanation & just made statements🤦♂️
I literally said it doesn't automatically lead to weaker pound & *imported* inflation. But needs considering when figuring out limits of gov spending — which I completely support in order for the gov to achieve social and climate change goals!
I literally said it doesn't automatically lead to weaker pound & *imported* inflation. But needs considering when figuring out limits of gov spending — which I completely support in order for the gov to achieve social and climate change goals!
Dismissing what I said out of hand as nonsense is offensive and you didn't even address the substance of what I said in this reply! And to think we're probably on the same side !!!!
a group of men are sitting in front of a sign that says judean people 's front
ALT: a group of men are sitting in front of a sign that says judean people 's front
media.tenor.com
November 29, 2025 at 8:48 AM
Dismissing what I said out of hand as nonsense is offensive and you didn't even address the substance of what I said in this reply! And to think we're probably on the same side !!!!
Only if it decreases trade deficit & in any case this will take time. In short term, spending with a trade deficit risks what I said (ofc it's not guaranteed since it depends on details of how people spend money).
And please be respectful, or would you rather I start my reply calling you an idiot!
And please be respectful, or would you rather I start my reply calling you an idiot!
November 28, 2025 at 12:33 AM
Only if it decreases trade deficit & in any case this will take time. In short term, spending with a trade deficit risks what I said (ofc it's not guaranteed since it depends on details of how people spend money).
And please be respectful, or would you rather I start my reply calling you an idiot!
And please be respectful, or would you rather I start my reply calling you an idiot!
I broadly agree, but as I understand it, as a trade deficit country there is the risk that gov spending will end up increasing the deficit with the rest of world, weakening the pound and leading to increased (imported) inflation.
November 27, 2025 at 11:50 AM
I broadly agree, but as I understand it, as a trade deficit country there is the risk that gov spending will end up increasing the deficit with the rest of world, weakening the pound and leading to increased (imported) inflation.
(I'm fully aware you don't do MMT, but shorthand for limited character space!)
November 25, 2025 at 7:54 AM
(I'm fully aware you don't do MMT, but shorthand for limited character space!)
@zackpolanski.bsky.social was on Channel 4's Fourcast where I think he did very well in a hostile environment. However, it would be good if you & like minded economists could produce a "handbook" that discusses some of the things Rupert Harrison raised like how do you do MMT with a trade deficit.
November 25, 2025 at 7:51 AM
@zackpolanski.bsky.social was on Channel 4's Fourcast where I think he did very well in a hostile environment. However, it would be good if you & like minded economists could produce a "handbook" that discusses some of the things Rupert Harrison raised like how do you do MMT with a trade deficit.
The only limit is inflation and your trade deficit with rest of the world (i.e. if borrowing ultimately leads to having to buy resources from abroad not in UK pounds, this could devalue pound & cause inflation on imported goods)
November 23, 2025 at 10:43 AM
The only limit is inflation and your trade deficit with rest of the world (i.e. if borrowing ultimately leads to having to buy resources from abroad not in UK pounds, this could devalue pound & cause inflation on imported goods)
Thanks that link works. I'm curious then what you think Reeves should do in budget, because it seems there is likely to be a lot of pain inflicted, as she tries to meet her fiscal rules & close this "black hole". And if she increases taxes (sounds like she won't now) this could slow growth further.
November 15, 2025 at 8:25 PM
Thanks that link works. I'm curious then what you think Reeves should do in budget, because it seems there is likely to be a lot of pain inflicted, as she tries to meet her fiscal rules & close this "black hole". And if she increases taxes (sounds like she won't now) this could slow growth further.