“Unplanned markets offer a choice btw Coke or Pepsi, but not btw highways or an efficient high-speed rail system. Similarly, there is no market choice that results in a system…not based on fossil fuels—which, however harmful to the planet they may be, are quite profitable” (223)

Textbook Art of Insider-Deal?

Trump's cuts mean there'll no longer be testing done for levels of cancer causing glyphosphate in wheat and barley. While RFK is banging on about autism, this is the shit they pull behind the scenes.

Marlene Robertson🇨🇦 The idiocy is off the charts.

THESE JAWS DEVOUR YOUR PROFITS: In today's Odd Lots newsletter, I was helped by resident MS-Paint expert Tracy Alloway to characterize the state of business profitability.

Elon was useful for Trump DOGE is excellent idea tho headlines report inflated #s with only a few $B of actual savings with contract cancellations. In comparison Berkshire Hathaway paid $27B in taxes (5% of all corporate tax) Power is addictive which leads to cronyism and

it is true that DOGE misled a lot of people about actual budget math but these first 2 sentences in their screenshot are not actually how the plumbing of buying treasuries & resulting interest rate moves work (interest rates were higher in the 90s, with low deficits, than now)

😂

Marc is just mad because he's paid to get people to worry about the debt, and lawmakers in both parties learned to tune them out while adding to the debt without the rising interest rates and fiscal turmoil he peddles.

The policy error was using rate hikes to fight inflation that was global in nature and overwhelmingly coming from breakdown on the supply side. Rate hikes turned the correlation positive *and* added jet fuel to fiscal stimulus while weakening some interest-sensitive investment.

Why do elites never think they are elites?

Rasheed John Authers <whispers> They were never there.

War refugee turned Nobel prize winning scientist in the US posts about Trump administration cuts to funding for his biomedical research "Within hours" he gets an email from China offering to move his lab to any Chinese city with guaranteed funding for 20 years

The obsession with the public debt is dumb. We know this because no one says "we need less private savings in the form of treasury bonds" The US political dramas today are due to simple economic misunderstandings.

We should argue about WHAT to spend on, and HOW to tax. But as we saw with DOGE, these are more difficult questions

“When Treasury securities are due, the Fed simply shifts the dollars from those savings accounts at the Fed to checking accounts at the Fed. That's all! And this is done for tens of billions every month. The debt is paid off by a simple debit and credit on the Fed's books.”

Val Zlatev from Analog Century CM tells opmpod why he is bullish on semiconductor networking... Moore's Law for semiconductors is over at the individual chip level but networking of chips may provide some degree of extension.

Current events are for the bored and the simp.

soon™