“I think our policy has got to be very clear: not another nickel for Netanyahu’s right wing extremist government while hundreds of thousands of people in Gaza face starvation,” argues Bernie Sanders. “That we… are continuing to supply 2000lb bombs… is unacceptable.”

Looking for a bluesky invite, if anyone has one.

But at least we will have inflicted pain?

UK government is raising taxes and cutting spending when the economy turns into recession. This has been tried before. It leads to deeper recession and less government revenues. It generally does not improve government finances. When will governments learn?

Another mysterious reference. Maybe Weber was able to assume that the scholarly public knew exactly who was meant? I can't figure it out.

Yes—but often part of the audience for this illusion is central bankers themselves. Was a great episode btw.

📊 KEY NUMBER: 435. That's the number of voting seats in the House.

🤓 BE SMART: The party that wins the most seats controls the House. Dems have control now and they've mounted a campaign to keep it.

🚨 BUT: The GOP has also been mounting a campaign. And it has Dems worried.

target-consistent terminal rate has no basis in theoretical repertoire of inflation-targeting central banks.
It's a polite way of saying 'look, we have no idea, we shouldnt be using monetary policy for these inflationary pressures, but presumably we stop hiking at some point'

If Mieville’s Bas-Lag novels are a bit like what happens if Marx&Engeks read Tolkien,Babel is like if Fanon read Clarke’s Strange&Norrell. Heavy but very good. Also the single coolest fantasy magic system concept I’ve ever encountered.

Keynes: 'When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done' goodreads.com/quotes/552847 via Goodreads

Critical macrofinance everywhere—trying to figure out how to shove it into just a week of my intro CPE syllabus this year. ft.com/content/3218c8…

Congrats to Isabella M. Weber who btw shows the importance of letting research be driven by problems, not methods —her book has no RCT, no fancy econometrics and no formal models, just careful reasoning and solid research on WWII price control theory and practice (inter alia!)

An excellent article indeed.

Every time the Sept UK fiscal events get mentioned w/o pension fund gilt doom loop I want to snarl. Article as a whole shows crucial importance of “critical macrofinance” as
pioneered by Daniela Gabor ft.com/content/0eea1a…

Ich auch.