Now *this* is a useful skeet. Thanks.

Only a century or so late. Oh well.

@jbf1755.bsky.social

Seems to me the USA plain vanilla mutual fund industry has been an about as good as you can expect in terms of not ripping off the retail investor. (Subject to change with the current administration.)

You just need someone to take the other side, a la James Medlock. 🙂

"...in 1981 the Reagan administration pressured the Japanese government to cap vehicle exports, leading the Japanese to shift to more expensive vehicles that would increase profit. Detroit, naturally, raised prices as well.

Sorta like what single-family-only zoning does to housing ... 🤔

Really like the analogy.

It slices, it dices, it butters your popcorn.

NY Post would have had a field day if he would have attended.

Bill Clinton & narrow D majority raised taxes and that worked out well policy-wise (if not so well for certain D congresspeople).

Rising stock prices have improved *my* sentiment. 😉

(Although I feel like Wile E. Coyote)

@actfortransit.bsky.social

History repeats.

Gives me an opportunity to free-associate. Anyone remember Margorie Margolies Mezvinsky?

I remember!

Even worse, Alan Greenspan told Congress if it didn't reduce taxes, we'd be in danger of running out of Treasury securities.

Bought my ~1200 sq ft starter house in 1981 with a 14% mortgage. Have been fortunate to have ridden up the real estate escalator in the subsequent years.

For example, probably a higher percentage of people can afford to go to Disneyland/Disney World today than in, say 1960. But those who go there with a "regular" ticket see that they are fourth class customers who have to endure various indignities that more heeled patrons can buy their way out of.

I'd hazard a guess that he could comprehend the material if he really wanted to.

9/11, Enron, the Great Recession, Covid, Trump government by yo-yo, incredible govt. passivity in the face of increased immigration, Trump yo-yo #2, DOGE, put immigrants in camps and deport them, Iran.

A lot of negative vibes for our -cession.

"Nattering nabobs of negativism"

Except this time it's a majority of the the public and not just the media.

Watch out for the candidates who say "we need to stop forcing people to use car to get places but don't take an inch precious road space for use as a bus lane, a bike lane or to expand a sidewalk that is less wide than your average basketball player is tall."

Well-written piece.

Horsehoe Theory

images.search.yahoo.com/yhs/search?p...

This ex-New Yorker of a certain age remembers Finkelstein as the architect of Al D'amato's political success.

Somehow, he turned "liberal" into a dirty word and made scores of Democrats abandon that label.

Right. What was she supposed to do about it?

I don't always agree with your politics takes but this one
is 💯 .

The Securities Act of 1933 is good, actually.

If anything can go wrong ...

Yes, that’s a nice touch.

The US budget process (until the Supreme Court and Russ Vought fixed that)

"My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!"