"The New Deal…built a tremendous amount of infrastructure… It also built a hell of a lot of places for people to have fun… Investments in those things weren’t a sideshow… New Deal liberalism…was self-consciously interested in making the case for itself to the public by making tangible improvements in the lives of working people." @katearonoff https://newrepublic.com/article/174860/public-doesnt-know-well-inflation-reduction-act-working ht @kylascan
// essential
i see confirmation bias everywhere i look.
you never know if you’re an npc.
during its next rate cut cycle, will the Fed hit the zero-bound? (let’s call any fed fund target of 25-50bps or less “the zero bound”.)
#economics #finance
alright woke media really is getting out of hand.
a street sign with an arrow pointing left, “N.P.R. POLICE”
it's a tribute to how sweet it was, and will be again when they are long forgotten, how many and puffed these grifters are who are descending upon #NewCollege like flies. https://floridapolitics.com/archives/629209-david-rancourt-joins-new-college-as-dean-of-students/
you get less ageist as you grow older.
"when you are called to testify, just remember perjury is free speech. stand up for our Constitution."
“neoliberals (unlike ordoliberals) seem very relaxed about monopoly power when it comes to firms… In contrast neoliberals are happy to attack monopoly power when it comes to workers and unions…
I have argued that a better way to describe neoliberalism in practice…is that neoliberalism uses concepts from economics to promote the interests of capital (corporations and companies).” @sjwrenlewis https://mainlymacro.blogspot.com/2023/08/economics-and-neoliberalism.html
“it doesn’t matter what he’s done, because he’s not a criminal.”
“Argentina, and to some extent Latin America more broadly, has long been home to the permapolycrisis.” @paulsegal https://crookedtimber.org/2023/08/12/analysing-argentina/
Text: New technology means culture is delivered on demand, but not all culture. When Netflix shipped DVDs to customers, there were about 100,000 to choose from. Streaming, which has a different economics, has reduced that to about 6,600 U.S. titles. Most are contemporary. Only a handful of movies on Netflix were made between 1940 and 1970.
The kids should stop complaining they have it no harder than we did is a #KevinDrum obsession. His pieces in this vein demand high scrutiny in general.
But the comparative student debt graph in this piece is a true masterpiece in misuse of data. People of older generations with unpaid student debt are the ultimate unrepresentative cohort. They are likely to have started rough and done poorly. In which case time itself is a confound as not-fully-paid interest capitalizes. https://jabberwocking.com/millennials-are-doing-fine-part-xvii/
“Notes on using a single-person Mastodon server” by @b0rk https://jvns.ca/blog/2023/08/11/some-notes-on-mastodon/
// lots of good observations/information about mastodon and the fediverse
A stalwart of the movement in favor of traditional Western values and masculine virtues had the legal system coerce a kid to leave their college for spitting on him in the throes of a political confrontation that he provoked and prosecuted wielding the full power of the state.
What a hero, what a man.
https://www.tampabay.com/news/education/2023/08/10/charges-dropped-against-new-college-student-accused-spitting-trustee/
#ChrisRufo #NewCollege
the case against the case against contrarianism.