absunitcapital.bsky.social

Still the best 9/11 song I’ve ever heard. I get tears in my eyes everytime I listen to it. youtu.be/6J7-Zvn_ECQ?...

President Biden claiming Japan's investment in an American steel company is a threat to national security is a pathetic and craven cave to special interests that will make America less prosperous and safe. I'm sorry to see him betraying our allies while abusing the law.

How it started how it’s going

The world's richest man managed to take $190 million away from a *child cancer research center* with his posts yesterday. Funding now stripped in the new bill.

how you guys doing?

7/9 So is the world worse off with trade intervention? Yes, of course it is, but trade intervention starts with the policies of economies with large, persistent trade surpluses. It doesn't start with the subsequent responses of the deficit economies.

3/3 Because most households face budget constraints, the unsubsidized portion of these purchases will require reducing consumption spending elsewhere. At best this will boost total consumption by 0.1 percentage points of GDP, which is not enough to make much of a difference.

ASU Coach - “and I’d like to thank Texas for moving to the SEC”

This doctor’s letter to United Heathcare for denying nausea medication to a child on chemotherapy.

7/9 This is only possible as activity shifts from the private sector, where hard budget constraints limit economically unproductive activity, to the public sector and sectors supported by local governments, where there is no such constraint.

Musk and Ramaswamy have already identified $516B dollars in government savings — it includes cutting all of Veteran’s Affairs health care, eliminating the NIH, and ending funding for federal prisons. @morningjoe-msnbc.bsky.social

What’s craziest to me is how some of these issues (raw milk, cooking from scratch, homesteading, anti vax, many more) have gone from being granola-left-coded to regressive-right-coded in like 5 years.

According to Korean constitutional law, if martial law is declared in a state of non-war, the National Assembly can vote to make the president stand it down. The National Assembly is gathering now. We are just now getting footage of inside the National Assembly.

I don't love it either, but I'm not sure how you tell a man that he should let his only surviving son rot in prison to respect norms, institutions, and the rule of law, when the country you devoted your life to serving just pretty comprehensively voted they don't give a shit about any of that.

Would I pardon my son in the same situation? Abso-fucking-lutely

IT’S THE DOLLAR, STUPID. 🧵 I’m no substitute for Paul Krugman’s expertise, but I do have one horrible attribute in common him - an advanced degree in economics. I could mansplain why these fantastical notions of Trump tariffs literally ARE NOT tariffs. I did that on X for a year. It did no good.

1/6 NYT's @KeithBradsher writes: "Beijing has a powerful tool for responding to Donald Trump’s threatened new tariffs on Chinese goods: It could start a currency war, a step that poses formidable risks for China as well as the United States." www.nytimes.com/2024/11/26/b...

The world’s richest man unleashed a wave of online harassment at a US government employee who works to make agriculture more climate-resilient for the sole reason that she had the word “diversification” in her job title, which he assumed meant “diversity”.

A U.S. bitcoin strategic reserve is at best a way to use taxpayer money to prop up the price of bitcoin and at worst, a bet against the American dollar. Either way, it’s a terrible idea for the government to fund but great if you’re a bitcoin HODLer.

The usual suspects are out there yelling "There are 23 million government workers! Fire most of them!" No awareness that most work for local governments, and most of *them* are schoolteachers. Federal employment hasn't grown since the 1950s

And all of this will be a drag on the economy. Recent research looks at the effects of populism on growth, where "we define a leader as populist if he or she places the alleged struggle of the people (‘us’) against the elites (‘them’) at the centre of their political campaign and governing style" 7/

Good to see the Times picking up on a theme some of us have been hammering for a while: Trump's tariffs, and especially an opaque exemption process, will be an engine of massive crony capitalism 1/ www.nytimes.com/2024/11/23/u...

That man had a family @weisenthal.bsky.social

Reading 2025 outlooks. One thing I have noticed - everything Trump says he will do, the consensus regards as a "risk" to a baseline that otherwise assumes he wont do those things.......