C’mon man let it go

The argument against regulation is always the same: “It stifles growth and jobs.” But just as tax cuts for corporations have not trickled down, regulatory cuts have not benefited most people. Big companies enjoy bigger profits. Working people bear the costs.

i think if you want to make the case for billionaires you should not use blanks made by a company associated with sweatshops and murder

A day before Jackson Hole begins. Yet another attack on a Fed governor. Regardless of the official theme of this year's conference (which will be public tomorrow when the event begins), attacks on an independent Fed will be the real, unofficial theme.

AI, ORALITY, AND THE GOLDEN AGE OF GRIFT In today's newsletter, I go back to Ong-posting to try to answer the question of why grift is so out in the open these days. Why don't people feel shame and the impulse to obfuscate? Why don't other people react more judgmentally?

Mamdani tells the press that Cuomo is still running because “Andrew Cuomo is someone who doesn’t understand that no means no”

Uh oh, they're figuring out that I'm not actually a painting of Austro-Hungarian sociologist Karl Polanyi

Paul Wellstone was a hero of mine. It's refreshing to see up-and-coming leaders like Zohran Kwame Mamdani understand what Wellstone also understood: voters want an economy that works for working people, not one that's rigged for the ultra-wealthy.

Good to see updating going in both directions here. UBI is not some utopian thing that will change everything. UBI is also not some dystopian thing that will change everything.

adams has been polling in *single digits* since may! absolutely hilarious that his campaign thought handing a local reporter 80 bucks in an old fritos bag would even be worth the risk lolol

eric adams continues to be the funniest mayor new york has ever seen

Electric utility costs are outpacing inflation with no signs of slowing — a problem private equity is only making worse. "Because of private equity’s business model... Minnesota Power, under BlackRock, would likely go to significant lengths to hike rates and boost profits."

The FHFA, which oversees housing finance, could be helping to ease the affordable housing crisis, as Trump promised. Instead, they're weaponizing the agency against their enemies. Even the WSJ ed board is annoyed. wsj.com/opinion/bill-p…

Imagine being given the blessing of a limited time of life here on earth and spending 15 of those years being obsessed with me online.

I actually think this is a great example of how not to illuminate with statistics. How worth it was 50 years of zero senior uninsurance? Tough question to answer, but one thing you shouldn't do is count that in the spending column while ignoring it in the benefit column.

NEW PIECE: I'm back, finally, and its a long one. Superficially this moment is a vindication for Central Bank Independence but at a deeper level, cutting the Fed off from its independent agency brethren is its death warrant.

I don't think this claim is particularly supported by evidence.

I'll say this: while the basic income provided by the right wing think tank/editorial outlets may not have led to measurable improvements in behavior or mobility into more productive sectors, it has certainly kept them out of poverty

Matt Bruenig & I have had our share of policy disagreements over the years, and Kelsey Piper raises some important issues, but this thread focuses on what I see as some gaps and misinterpretations in her article & response to Matt, including the issue James Medlock raised here🧵1/12

Good thread. Important to evaluate the impact of the welfare state over the last 50 years carefully, as there's a lot you can miss just looking at headline spending and poverty metrics that don't account for all of that spending.