The price of a team's baseball hat should be correlated with how well they're doing.

Discourages bandwagoning but more importantly, I could get a Pirates hat for cheap

I’ve also been reading Kalecki, Eccles, etc. since, but it was the GT that woke me from my dogmatic slumber

The General Theory of Employment, Interest, and Money

Substack and LinkedIn adding short form video content.. it’s really so over

The Tariffs, the Baumol Effect, and a Note on Culture a loose connection

sethddunn.substack.com/p/the-tariff...

Moderates here love Cox but he’s spineless and is always sniveling about civility or sucking up to MAGA. This, defunding higher ed, banning public sector collective bargaining, and the list goes on

i just think it’s so funny that there’s folks who think ***this administration*** will build more nuclear power plants and that it would be a good thing done well enough

I probably should do something else besides laugh for a minute straight at the Trump administration firing the workers who manage the nuclear stockpile and being unable to figure out how to rehire them, but that's all i got right now

people are calling what’s going on a coup, but it’s not really — they won the election after all, and they could simply pass a law to enable trump to legally do the things he’s doing. they could call it “the enabling act”

JW Mason has a syllabus that looks very interesting

jwmason.org/wp-content/u...

Chartbook 342 Are we all dead in the long run? John Maynard Keynes and the politics of time Guest essay by Stefan Eich

This rules

adamtooze.substack.com/p/chartbook-...

He knows what he's doing.

A tweet from Sam Altman that reads “watching @potus more carefully recently has really changed my perspective on him (i wish i had done more of my own thinking and definitely fell in the npc trap). i'm not going to agree with him on everything, but i think he will be incredible for the country in many ways!”

bro is hoping it’s not too late to join the bandwagon

fondly recalling when Bill Nordhaus won the econ Nobel for his DICE model that assumed economic damages from climate change would be modest and far in the future

January 6th was Successful A Slow-Motion Coup

www.unpopularfront.news/p/january-6t...

I made a gingerbread panopticon

Someone should’ve sent this to Furman after his pathetic attempt of a dunk on Kelton

It’s incredible. I don’t think there has ever been a political movement that has hated the public good as much as this one.

Every single choice is game-theoretically optimized to be as destructive to the common good and wellbeing of America as possible.

The Housing Industry Never Recovered From the Great Recession A decade of depression in construction led to a concentrated, sclerotic industry.

I did some reporting on the structure of the home construction industry. It saw significant consolidation after the 2008 crisis, which fueled the spike in rents and home prices in 2021-22: prospect.org/infrastructu...

The Fraudulence of “Waste, Fraud and Abuse” History repeats itself, the first time as farce, the second as clown show

And the new era begins. My Substack is alive again, and here's my first post paulkrugman.substack.com/p/the-fraudu...

FIMBY: Finance in My Backyard Local housing agencies can use revolving funds to fill financing gaps for homes that are cleared to be built but don’t have the capital investment to get it done.

this is deviously clever. @pewilliams.bsky.social explains how local governments can approach developers with approved but not started projects, and offer financing in exchange for owning the project at the end, and use it for social housing prospect.org/infrastructu...

this is what i mean when i said that a lot of normies seem to think chatgpt is an actual agent as opposed to a machine that is trying to predict the token

the latter behavior is useful but not always optimizing for truth

I'm sure this is standard procedure whenever someone is shot in Manhattan.

www.washingtonpost.com/national-sec...

Painful to see someone so immaculately dripless speak with a voice that sounds so eerily close to my own. A dark vision of my life had the evolution of my political consciousness stopped in high school, rendering me a libertarian forever

"A few moments ago, we supposed that stealing always involves taking that's wrongful. But, actually, that's not so. Indeed, sometimes stealing's very good..."

"I'll argue for a main conclusion that, in one important way, is more ambitious than the previous chapter's: Toward aiding folks in great need, it concerns what you might do not merely with what's yours, but, more ambitiously, with what's rightfully another's..."

𝘓𝘪𝘷𝘪𝘯𝘨 𝘏𝘪𝘨𝘩 𝘢𝘯𝘥 𝘓𝘦𝘵𝘵𝘪𝘯𝘨 𝘋𝘪𝘦: 𝘖𝘶𝘳 𝘐𝘭𝘭𝘶𝘴𝘪𝘰𝘯𝘴 𝘰𝘧 𝘐𝘯𝘯𝘰𝘤𝘦𝘯𝘤𝘦 by Peter Unger (1996)

genuinely rich coming from a guy whose only answer to every problem of political economy and social life is “what if company too big”

Great listen driving through northern Utah and southern Idaho