Unforgettable Douglas North.

Zelensky has thanked Trump, Congress, and the American people many times. But let's be clear: when Trump and Vance said that THEY are trying to help Ukraine right now, and need to be thanked for the work personally, there are reasons to wonder. 1/ THREAD

La explicación de la entrevista de Zelensky - Trump. ☑️ *PERIODISTA:* Jaime Bayly. Zelensky - Trump ↩️

This is Marco Rubio explaining how the USA promised to defend Ukraine forever if they got rid of their nuclear arsenal left after the Soviet Union fell. This is why lil marco was sinking into the couch. He was hoping we wouldn’t find it…so don’t RT right now this very second.

Warren Buffett, the legendary investor, denounced tariffs as ‘an act of war,’ delivering a stark rebuke to Trump's reckless policies. Undeterred, Trump slapped 25% tariffs on Canada and Mexico, a move that could fuel trade tensions and drive up costs for Americans.

President Trump has some explaining to do in tonight's State of the Union address given the economic damage of his tariff policy. Trump's tariffs will cost average household $1,600 in higher prices according conservative estimate by The Budget Lab. Trump's tariff policy has

Ronald Reagan: “We should beware of the demagogues who are willing to declare a Trade war against our friends, weakening our economy, our national security, and the entire free world, all while cynically waving the American flag…”

In response to some comments. Two points I am not saying anything new (Bernanke QJE 1983), Dixit-Pindyck Princeton U Press 1994), but the effect may be unusually big this time. The effect may be large in other countries than the US (for example, investment in Mexico, or in

"The really big problem for President Trump is that Nixonian grand strategy is harder than it looks. To my mind, the probability of a Sino-Russian split must be very low as long as Xi and Putin are calling the shots in Beijing and Moscow. After all, it’s not as if Nixon

WH Press Secretary Leavitt: Tariffs are a tax hike on foreign countries and a tax cut for the American people. (This is a blatant lie—tariffs are paid by American importers, and the cost ultimately falls on consumers.)

There's no question that today's tariff announcement will give the United States the highest tariff rates of any industrialized country. And it's not even close.

This is a moment of testing for Donald J. Trump's advisors. The intellectually honest ones know that this reflects the President’s 40-year fixation, not any kind of a proven economic theory. This is the economic equivalent of what creationism is to biology or what ending

Speculative: Thinking about the end game on tariffs. Trump is going to retreat whenever the other side, be it a country (China) or a firm (Apple), turns out to have enough economic or political leverage. If the other side does not have leverage however, he will not. Thus,

This paper compares the negative effects of government consumption and government debt on economic growth by using data from 83 countries, including both developed and developing markets. doi.org/10.1111/rode.1…

Deviations from the Law of One Price are due to borders and distance, whereas those from the Purchasing Power Parity are due to unskilled wage dispersion. doi.org/10.1016/j.jmon…

I am deeply saddened by the passing of Stan Fischer. With Rudi Dornbusch, he changed the field of international macro. He then went on to be Chief Economist of the WB, Deputy MD of the IMF, Gov of the Bank of Israel and Dep. Governor of the US Fed. 1/2

Conocerlo personalmente fue un placer y un honor. Un gran ser humano. R.I.P.