Does Biden need the Fed to be accommodative going in the election? No. Treasury is a holding a trillion-dollar bazooka! If they unleash that, its quite possible that inflation will spike again so the risks are considerable.

In the desperate fall of 1941, the Soviets managed to evacuate more than 1,000 massive factories beyond the Urals. The equivalent would be for the US to move its entire industrial base east of the Mississippi beyond the 100th parallel in a matter of weeks.

Valiant effort by @[email protected]. But all evidence disagrees. The genocide poses grave stability risks to the oil monarchies and they're all livid with our inaction. drafts.interfluidity.com/2024/05/08/the…

More evidence-free bullshit. It was precisely when they abandoned protectionism that they took off. Every single one of them, without exception.

The West will be kicking and screaming the whole way, isn’t it?

Well, the America First foreign policy was associated with peace between 2017 and 2021. 🇺🇸

Neo-conservative primacism: Failed wars in the Middle East and the squandering of our huge advantages.

Progressive internationalism: Major ongoing wars in Europe and the Middle East.

Why indeed? The advantages of a motivated and compact special interest group in defending its turf against broader interest groups only goes so far. The ugly spectacle of Western elites posturing in support of an ongoing genocide is crying out for a deeper explanation.

Why adjust for utilization?

Um, the only “strand” in their diagram live in 1933-1945 is “accommodationists” (ie, wheeler dealers). So, the New Deal was neither “populist” nor “radical”?

Check out this book: 'The Hollow Parties: The Many Pasts and Disordered Present of...' a.co/hiMtMb3

Ha! Scholars have used the overrepresentation of round numbers as a proxy of basic numeracy in ancient societies. Very strong signal!

Excited to read. One of the most harmful secular developments in political life is the transformation of formerly mass parties to large donor-funded astroturf organizations run by career professionals that have simply capitulated on integration, instead managing both small donors…

Almost there

If deterrence fails, it is either bc the enemy did not fear our deterrent threat, or bc she did not find it credible. One can restore deterrence only in the latter case by showing that one did in fact mean it. To fix the former, you need a more fearsome deterrent threat. The…

Bizarre! Jaw-dropping. Truly a testament to how of out touch the American political and media class are. The The New York Times has been nothing short of an embarrassment!

This is a 80/90 tug of war. The WH wants the failing NYTimes to be 90% as craven as Pravda; the corrupt editors think that’s too corrupt even for them. They want to stay at 80%. 🤣

Is the FBI investigating these whistleblower deaths or what? 45 year olds don’t usually dies of a sudden illness. washingtonpost.com/transportation…

Have they set up machine gun nests yet? The antisemites could come any time!

Willing to fight <— higher testosterone <— younger population —> higher TFR

Washington's protectionism has a shoot first-ask later quality. We've arranged it such that our EV makers can't use Indonesian nickel (50% of global production). Indonesia is practically in open revolt. 'But my country will not wait indefinitely.' foreignpolicy.com/2024/05/01/ind…