the Strait of Hormuz "is open" in the sense that I "am an astronaut"

Iran's military says it is reimposing restrictions on the vital Strait of Hormuz as the US continues its naval blockade. Follow live updates.
https://cnn.it/3O8AgUs

iPhone notification from the FT app Recommended for you Stuart Kirk: The main reason I've bought equities again 25m ago

not today, Satan

It is a strange experience watching this go on when even if the strait *had* opened today, there's a huge amount of disruption baked in here - we're hurtling towards the part of the problem that can't be solved by marketing.

It may be too late to change course...but also we're not changing course.

This just…isn’t true. The assets being bought fund the export demand - the US spends a lot! His problem is the distribution of demand and some abstract idea of global trade balance that is more an article of faith than an economic necessity

We’re looking for a writer We’re hiring a writer who can make the world’s largest problems understandable to our large Our World in Data audience.

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Gentrification in Singapore: 2024 versus 1999.

US equities have underpeformed relative to the previous four presidencies

Gentrification in Singapore: 2024 versus 1999.

US equities have underpeformed relative to the previous four presidencies

"They control our speech, our media and our lives."

"We need to 'dezionify' the UK and the world."

"Unfortunately they control a lot of the essential levers of power..."

Pretty wild levels of antisemitism posted (and apparently tolerated) in FT comments under this article. www.ft.com/content/f04a...

I do think the textbooks should say, by now, that one of the downsides of tariffs is that they open up opportunities for this kind of corruption but I think a lot of undergraduate economics just focuses on communicating the core canonical models.

Seems like a pretty good example of Anne Krueger’s political economy of the rent seeking society

Todd Seavey and Helen Rittelmeyer on C-SPAN2 BookTV YouTube video by C-SPAN

For anyone who hasn't seen this magnificent take-down of Helen Andrews (nee Rittelmeyer) from way back, enjoy!

youtu.be/EAITnMv1j8Q?...

Lunging for my "this is where 'anti-woke' was always going & the reactionary centrists who played along should feel terrible about their shitty selves" keyboard macro ...

I was a conservative Republican all my life and am fairly conversant with conservative ideas, but what does "race communism" even mean?

“Hey Bernstein, have you tried friction-maxxing?”

Key quotes from Vance and Orban's news conference U.S. Vice President JD Vance lashed out on Tuesday at what he called "disgraceful" interference by the European Union in an election in Hungary, as he lauded Prime Minister Viktor Orban as an ally of ...

Vance has been trafficking in conspiracy slop for years - but this is another low. He accuses Ukrainian intelligence of interfering in both America’s and Hungary’s elections.

“This is just what they do,” Vance said.

Not it isn’t. This is what the Kremlin says they do.

The Rupee’s Credibility Gap: India’s Unwritten Exchange Rate Rules Guest commentary by LKYSPP's Sasidaran Gopalan & Ramkishen S. Rajan

The IMF's classification of the INR regime to a 'crawl-like arrangement' highlights the inherent conflict between how the RBI describes the exchange rate system and how it manages it, argue LKYSPP’s Sasidaran Gopalan and Ramkishen Rajan in a guest commentary

open.substack.com/pub/asiadeco...

Remember when Dan Quayle misspelled a word and it was the end of his political career?

I would 100% buy this.

There’s Moe where this came from.

Very tempted to make this purchase

If there's one thing that has struck me about progressive mayors in the US of late, it's that many of them are light years ahead of their Canadian counterparts in correctly diagnosing and putting forth solutions for our housing problems

Anyone who remembers hunting for Scuds during the First Gulf War won’t be surprised.

Headlong into the Kindleberger trap Are we missing the global hegemon yet?

This week's newsletter (free to read): stephenkirchner.substack.com/p/headlong-i...

Headlong into the Kindleberger trap Are we missing the global hegemon yet?

This week's newsletter (free to read): stephenkirchner.substack.com/p/headlong-i...

this continues Tooze's general thing of preferring the China in his head to the China of reality.