bill gates' dog is too dumb to even know his owner is a celeb. thats why i should be bill gates' dog. crawling around his mansion for treats

‘We’ve been wrong - the impact of supply on prices has been negligible’

EVERY ECONOMICS BOOK: Under capitalism, firms compete to provide the best possible service to consumers and are rewarded on the basis of their benefits to society EVERY ACTUAL CAPITALIST: Competition is for suckers, the government prints the money, just get it directly from them

"There is no reason to fear low-skilled migration." Nobel prize-winning economist Esther Duflo says "the effect of low-skilled migration on low-skilled wages is zero".

I’m not sure I understand the problem with people who live in a country (entirely legally) treating it as if it was their own country. Is *is* their country. You whine when people don’t integrate, now you whine when they make it their own.

Farewell to the only Fed Chairman who understood that, after Bretton Woods, continued US hegemony depended on increasing US deficits funded by increasing capital inflows which, in turn, demanded the destruction of American working class living standards nyti.ms/2P3uSAi

oh no not my five eyes

“‘The world is only improved by people who do ordinary jobs and refuse to be bullied’” - from Lanark by Alasdair Gray.

people have intellectually accepted that hypocrisy is not really an effective attack vector anymore but nobody has actually internalized this

RIP Andy Gill In the words of falcotronic ... thequietus.com/articles/24339…

In the post coronavirus world the bond markets are no longer a threat to government taxresearch.org.uk/Blog/2020/04/0… The City has lost its power. We should never give it back

A little something to pass the time...

Perhaps a little niche at this moment but important. How do you measure inflation when a whole lot of things aren't available to buy? New from Institute for Fiscal Studies ifs.org.uk/publications/1…

Estimate of cost of New Deal = 40% of 1929 US output. This one = 0.2% of 2019 UK output. stlouisfed.org/publications/r…