“The fault line of our current political landscape falls along educational lines, which should be a major focus for liberals” www.liberalcurrents.com/upholding-li...
“The fault line of our current political landscape falls along educational lines, which should be a major focus for liberals” www.liberalcurrents.com/upholding-li...
So are you one of those people who believes the Bush administration just engaged in “enhanced interrogation” or what
Have actually written about the “sex is gay” stuff at length. It’s all male supremacy all the way down
www.liberalcurrents.com/sex-is-gay-r...
www.liberalcurrents.com/we-need-to-t...
Eugene Fama in shambles
This is horrifying but it is good to see these buildings continued to be prominently reported on www.nytimes.com/interactive/...
www.liberalcurrents.com/killing-for-...
As an IR professor, it's depressing that this is outperforming all others as the best theory of US foreign policy
In my head it's the same laugh as Andross from Starfox 64
The Hennepin County Attorney said it’s already probing more than a dozen incidents—including one involving disgraced Border Patrol official Greg Bovino 👇🏽
This ended up being a pretty decent distillation of my thoughts on authority vs power, which I mostly intended to be a summary of what I'd recently written but I think stands well on its own youtube.com/shorts/tpf_h...
"The Camp of the Saints worldview simply assumes that immigrants can't contribute to society, to civilization. They can only destroy it...It's entered the GOP mainstream, and reshaped conservative ideology."
www.liberalcurrents.com/the-great-re...
Post on Truth Social by Donald J. Trump: "Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!President DJT" 7 ReTruths 36 Likes 3/8/26, 3:54 PM
"The ends of fascism are economic ruin and, again, they simply don’t care." www.liberalcurrents.com/it-wasnt-fas...
New @liberalcurrents.com: “The American psyche understandably recoils at the sight of armed men in masks…masks are associated with cowardly desperados and the despised Ku Klux Klan…introducing a layer of secrecy at a time of low government trust.”
www.liberalcurrents.com/call-you-thi...
the latter
Far be it from me to suggest that they're powerless, they're incredibly powerful. The power is not entirely *reliable* though, with some exceptions (like setting the rates on reserves actually held at the fed)
I don't know that I believe Sumner's version of events but it's pretty well established that if the Fed is perceived to be untrustworthy/unable to credibly commit to some course, inflation is gonna get worse
There's no scientific way to make yourself trusted. You can't pull a lever on that one. Scott Sumner for example thinks part of what happened in 2022-2023 is the Fed said they'd switch to an "average," implying they'd contract a lot after expanding a lot. But they simply did nothing different at all
Their ability to hit that target, and the relationship between the target, the open market activity, and inflation, is not nearly as straightforward or obvious as anyone would like, as a lot of it actually boils down to how much the Fed is *trusted* to actually commit to doing what it says it will
Interest rates don't control inflation btw. That's a total myth. The fed rate is a target that they attempt to hit through their open market operations (e.g. by either putting more money into the economy—by buying with Fed money—or taking more money out—by selling their assets).
The problem isn't that it's more progressive the problem is that it won't collect enough cash for a government that MAGA is currently strip mining of resources and crippling
Nice argument. Unfortunately, I have already depicted myself as the assured and laughing head of FDR and you as the screaming and infantile Adolf Hitler
tbh the floating grinning FDR head alone seems like a good react image
Hitler shaking fist and laughing floating FDR head
I find some incredible things when looking for top images
Just spending more and more on interest payments isn’t gonna get us there
Interest rates are sensitive to inflation so at a certain point interest rate payments just balloon unsustainably. What we want is a public finance situation where we can reliably fund what we should fund and, ideally, even have enough to invest in a sovereign wealth fund during good times
Also we’re not in the zero interest rate era any longer and Trump shattering the full faith and credit of the US isn’t gonna get us low treasury rates any time soon
Yeah we need a VAT...in addition to income taxes lol
But also make that VAT have a steeper "luxury goods and services" element
Also state governments should do LVT
Embrace @jdcmedlock.bsky.social tax positivity