Today Powell more or less endorsed the Long Transitory view of inflation. And I thought maybe I should lay out my stylized version of what happened (for wonks only!) 1/

GARZARELLI CAPITAL: “.. the rise in money supply .. during Trump’s last year in office .. led to rising inflation showing up about a year later. “.. Biden’s stimulus packages contributed to the decline in the inflation rate because his programs produced strong gains in

𝘼 𝙙𝙤𝙣𝙙𝙚 𝙫𝙖𝙮𝙖𝙨 𝙩𝙚 𝙨𝙚𝙜𝙪𝙞𝙧𝙚𝙢𝙤𝙨. 💙🤝🏾 #ConAlianzaSiempre #ComprometidosConElALiento

The perfect wave Desert Point, Lombok, Indonesia 📹 lastwavelombok x.com/Visionaledge/s…

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Daron Acemoglu, Simon Johnson and James A. Robinson “for studies of how institutions are formed and affect prosperity.”

Congratulations to Daron Acemoglu, Simon Johnson, and James Robinson. They revived and made cool again the study of institutions in mainstream economics. Their work stimulated a huge literature that grows by the day.

So, so happy for Daron Acemoglu , Simon Johnson and Jim Robinson! Congratulations! Key lesson: countries that grow are those where inclusive institutions safeguard political and economic rights and limit the power of elites to expropriate citiziens rights.

Rethinking the AI boom, with Daron Acemoğlu on.ft.com/3zOxyfE

Harrison Ford: When dozens of former members of the Trump administration are sounding alarms saying ‘For God's sake, don't do this again,’ you have to pay attention. They're telling us something important. I've got one vote, same as anyone else, and I'm going to use it to move

I shall defer to historians and cliometricians. But when the world is largely governed by autocrats or would-be autocrats, I suspect that the standard deviation of what can happen increases substantially.

Yesterday, I spoke with President-elect Trump to congratulate him on his victory. And I assured him that I would direct my entire Administration to work with his team to ensure a peaceful and orderly transition. That’s what the American people deserve.

@FinanceShepherd Thread Reader Unroll Helper @FinanceShepherd Halo! the unroll you asked for: threadreaderapp.com/thread/1859902… See you soon. 🤖

Congress was moments away from passing a bipartisan funding agreement that would have helped our farmers, seniors, families, and small businesses – almost everybody. Then, a billionaire & Trump said, “Nope, shut the government down.” 10 ways they just screwed you 🧵👇

The Special Counsel’s 1/6 Report, made public last night, confirms the unavoidable facts of 1/6 yet again. DOJ’s exhaustive and independent investigation reached the same essential conclusions as the Select Committee. All this DOJ evidence must be preserved. But most important

Great president !!

Thank you, President Biden. You were absolutely right when you stated last night that: "An oligarchy is taking shape in America of extreme wealth, power and influence that threatens our entire democracy, our basic rights & freedoms." This is the defining issue of our time.

So, why did $TRUMP choose to start a shitcoin and why on Solana? Shall we follow the 'MoNeY' to find out if there are any conflicts of interest and misaligned incentives? 🧵

Our nation relies on dedicated, selfless public servants every day. They are the lifeblood of our democracy. Yet alarmingly, public servants have been subjected to ongoing threats and intimidation for faithfully discharging their duties. In certain cases, some have even been

Aside from the general issues about Trump‘s tariff and his economic nationalism strategy, today’s actions against Canada and Mexico are inexplicable and dangerous. 1/8

open.substack.com/pub/persuasion…