Wait, I’ve seen this “50 years” line!

Stablecoins —> not stable, not coins
DeFi —> not decentralized in practice
Central bank liabilities —> already mostly digital

Thank you for coming to my TED talk

Wie immer, tolle Sendung. Die Wortmeldung von Klemens Renoldner zu Russland („das angeblich alle anderen Länder rundherum pausenlos bedroht“) liegt mir aber etwas im Magen. Finde ich problematisch, dass das unwidersprochen bleibt.

Now Trumpists are menacing economists YouTube video by Paul Krugman

Something new: A short video responding to the Trump administration saying that economists whose studies aren’t what they want to hear should be “disciplined” www.youtube.com/watch?v=lzZd...

Halving 😅

🥳

Something something Bretton Woods

Internal documents seen by Reuters reveal its tactics, including efforts to make scam ads “not findable” when authorities search for them.

If you need me, tap me on the shoulder. I’ll be happily working all day listening to this on a loop.

Die Stadt Wien verschiebt die Inbetriebnahme der U5, um "18-20 Mio." Euro einzusparen. Die unerwünscht zugestellte Stadtzeitung "Mein Wien", die keiner liest, kostete zuletzt übrigens fast 16 Mio. Euro pro Jahr #priorities

Where is this from?

DPD are the masters of this game

What does a Nobel Prize on ‘innovation-driven economic growth’ actually reward?

A historian’s perspective on how to deal with the Nobel frenzy

beatricecherrier.wordpress.com/2025/10/13/w...

Once the missiles go up, who cares where they come down?
That’s not my department, says Wernher von Braun.

Consol?

And this is how, ladies and gentlemen, Lucas and Sargent came to France, in a volume on post-modernist architecture and macro, communism and pacifism, their attacks on Keynesian large macro-scale models intersected with architects' sketches and postmodern pictures of topless women

/end/

Sick to my stomach

People saying that they are shocked, or that Putin is hoodwinking Trump still don't get it. Putin isn't fooling Trump or Trump has not changed his position. He is pro-Putin, he wants Russia to do well and he could not care less about Ukraine (and he hates Zelensky).

„We don’t need any more irony-poisoned hot takes or cathartic, irreverent snark. We need to collectively decide what kind of world we actually do want, and what we’re willing to do to achieve it.“

You Can’t Post Your Way Out of Fascism Authoritarians and tech CEOs now share the same goal: to keep us locked in an eternal doomscroll instead of organizing against them, Janus Rose writes.

www.404media.co/you-cant-pos...

9/ Musk made his endorsement of Trump on July 13, 2024. The analysis suggests that Musk did more than merely give verbal support for Trump, but also changed X's algorithm on the same date to systematically promote his own and other prominent pro-Republican acounts. /end

a Tweet where Mike Lee says "The Executive Branch should be under the direction of the president That’s how the Constitution was designed The Federal Reserve is one of many examples of how we’ve deviated from the Constitution in that regard Yet another reason why we should #EndTheFed"

may I present our current leading candidate for Attorney General

Paper of the Day: "Who values democracy?"

Democratizations had a large, negative impact on asset valuations and elevated risk premia driven by a rise in redistribution risk.

Autocratizations led to negligible asset pricing responses.

www.hbs.edu/ris/Publicat...

Researchers say an AI-powered transcription tool used in hospitals invents things no one ever said Whisper is a popular transcription tool powered by artificial intelligence, but it has a major flaw. It makes things up that were never said.

It's not very surprising to read that another LLM transcription tool makes things up. It's still an open empirical question IMO whether the risks of errors and time consumed by correcting them is outweighed by the time saved using these tools. apnews.com/article/ai-a...

There's also a responsibility on those large accounts because if they move, they can help the tiny ones solve *their* coordination problem. Communities have leaders!

Respect for Joey making the move from the other place. He had a v large following over there and there are not many in that US econ and finance cohort who have come over so there is some sacrifice to doing it. Please follow if you are interested in the US economy and finance and, well, data.

Stundenlohn: 7,40 EUR

Und das war’s #beifunk

He’s making a list, he’s checking it twice … #beifunk

Derzeit Flaute … #beifunk