And now this... 🍌🍌🍌🍌🍌 (Like the US Constitution, my "three banana" scale wasn't fit for purpose in a world where the party controlling Congress is entirely subservient to the president, so I've moved to five scale.)

And now this... 🍌🍌🍌🍌🍌 (Like the US Constitution, my "three banana" scale wasn't fit for purpose in a world where the party controlling Congress is entirely subservient to the president, so I've moved to five scale.)

Not enough news coverage of how the insurrectionist reparations fund is a clear violation of the 14th Amendment. We need to enforce the Constitution in its original meaning and plain text. You can't imagine away parts of the Constitution just because it is politically inconvenient.

Getting more like the Führerbunker ever day.

"So far, Costco and FedEx are among the few big firms that have pledged to pass the government payments on to customers..." www.newyorker.com/news/the-fin...

Spoiler: Geography and a high level of concentration also have a lot to do with it. www.newyorker.com/news/the-fin...

Spoiler: Geography and a high level of concentration also have a lot to do with it. www.newyorker.com/news/the-fin...

"The yellow planes will fly no more. Though that may be good news for the major carriers and admirers of Adam Smith, it isn’t necessarily good for the flying public..." www.newyorker.com/news/the-fin...

"The yellow planes will fly no more. Though that may be good news for the major carriers and admirers of Adam Smith, it isn’t necessarily good for the flying public..." www.newyorker.com/news/the-fin...

"Populism starts by hollowing out trust: institutions are branded corrupt, biased, or “rigged” until the ground is cleared for one voice to stand in for the many." Very disturbing story by @arusbridger.bsky.social app.prospectmagazine.co.uk/story/73184/...

ICYMI: @jaredb-econ.bsky.social wrote a bang-up piece about Michal Kalecki and what we can learn from him in an era of billionaires and a declining labor share. (And no, I'm not just linking to it b/c it refers to my book, although that was nice.) econjared.substack.com/p/michael-ka...

Paging @carlhiaasen.com

The answer to every public policy question is not always “some sort of, ideally off-balance sheet, special purpose financing vehicle”. www.ft.com/content/cffa...

Even Trump hates dynamic pricing...

"Trump's ballroom is very unpopular: More people believe in ghosts (39%) & telepathy (29%) than support it (28%)."

Oh…

Absolutely delighted that some top-notch courses are finding my book Capitalism and Its Critics useful. On behalf of my (very nice) capitalist publisher, @picadorbooks.bsky.social, I should point out that the revised and cheaper paperback edition will be available for the 2026-27 school year.

Absolutely delighted that some top-notch courses are finding my book Capitalism and Its Critics useful. On behalf of my (very nice) capitalist publisher, @picadorbooks.bsky.social, I should point out that the revised and cheaper paperback edition will be available for the 2026-27 school year.

New, from me: This should be a clarifying moment about the relationship the Supreme Court's opposition to representative democracy in America. Lets look at some graphs that make this point. 🧵 donmoynihan.substack.com/p/power-demo...

I guess Jay Powell thought the same thing...

“.. the highest Gallup has recorded since it began asking Americans about their finances in 2001 ..” @cbsnews.com www.cbsnews.com/news/america...

"Wall Street is wagering that Warsh would handle the pressure, resist Trump’s encroachments, and retain investors’ confidence...Based on his prevarications on Capitol Hill, the bet looks like anything but a sure thing." www.newyorker.com/news/the-fin...

"Wall Street is wagering that Warsh would handle the pressure, resist Trump’s encroachments, and retain investors’ confidence...Based on his prevarications on Capitol Hill, the bet looks like anything but a sure thing." www.newyorker.com/news/the-fin...

Don’t underestimate the backlash to Trump publicly ordering up a mid-decade redraw in Texas because Republicans are “entitled to five more seats.” And then getting it. That moment killed the (then still robust) Democratic resistance to maximal warfare with their own gerrymanders.

Most astonishing thing is he still has 40.6% support.

Why am I not reading columns (and editorials) like this in the U.S. press? Even our pundits are cowards. 1/2 www.thetimes.com/comment/colu...

"It just doesn’t feel like this World Cup has the idea of making sure the fans have a good time at its center"--English economist @danrcorry.bsky.social, an old friend, who has been to 11 World Cups in a row since 1982. www.newyorker.com/news/the-fin...

'It's like they're trying to out every dollar': @johncassidysays.bsky.social on dynamic pricing for World Cup amid capitalism with no controls @newyorker.com www.newyorker.com/news/the-fin...

Sad to see that Robert Skidelsky has died. His three volume biography of Keynes is a timeless masterpiece, and so much more than the history of one (great) individual. www.thetimes.com/uk/obituarie...

The Trump as an Orangemen post was an obvious joke/fake, I thought. Reposted it as a joke, but people are taking it seriously. I just took it down.

"It just doesn’t feel like this World Cup has the idea of making sure the fans have a good time at its center"--English economist @danrcorry.bsky.social, an old friend, who has been to 11 World Cups in a row since 1982. www.newyorker.com/news/the-fin...

Many thanks to Francesca Trivelatto and the Institute for Advanced Study, in Princeton, for inviting me to give a talk yesterday about capitalism and AI. It was a great honor to drive down Einstein Drive--yep, that's the street name. Thanks also to everyone who showed up to listen and ask questions.

If the Dems do win the House or Senate, looking into this stuff is a must.

24 hours on, this is still the best analysis.

This is why JD Vance is in Hungary - Orbánization & we’re next!

“Grave threats”—really?

Another interesting take on the two bumper capitalism books I reviewed in UK Prospect recently And a powerful conclusion about the “learned” refusal of economics to engage with history

Thanks so much to Bob Kuttner for reading"Capitalism and its Critics" and Sven Beckert's "Capitalism: a Global History" in their entirety--no small task--and reviewing them together in The American Prospect. His thoughtful review essay can be found below: prospect.org/2026/04/03/a...

“I am not saying I know what exactly is going to happen,” @arindube.bsky.social said about the impact of A.I. “But what I am proposing is a set of tools that can help us adapt to whatever the future crises are.” www.newyorker.com/news/the-fin...

Thanks so much to Bob Kuttner for reading"Capitalism and its Critics" and Sven Beckert's "Capitalism: a Global History" in their entirety--no small task--and reviewing them together in The American Prospect. His thoughtful review essay can be found below: prospect.org/2026/04/03/a...

“I am not saying I know what exactly is going to happen,” @arindube.bsky.social said about the impact of A.I. “But what I am proposing is a set of tools that can help us adapt to whatever the future crises are.” www.newyorker.com/news/the-fin...

There is no excuse for downplaying or eliding the insanity of Trump’s morning post. It is the most unhinged public comment by a president in US history and should be reported and remarked upon as such.

Th price of incoherence.

Looks like Kharg Island will be spared and the 82nd Airborne will be rerouted to the US District Court in DC.

In the Trump era, headshakers come so fast and frequent it's hard to keep up. This one, from last week, bears inspection. www.newyorker.com/news/the-fin...

"The timing and the fact that the two trades were placed at the same time, it kind of smells like something was off,” veteran futures trader Mike Khouw tells me. www.newyorker.com/news/the-fin...

Was the surge of profitable oil trades before President Trump’s postponement of strikes in Iran mere happenstance—or did someone get tipped off and cash in? www.newyorker.com/news/the-fin...

And a nice liveblog from Crimson reporter Elise Spenner. www.thecrimson.com/thread/2026/...

No Kings NYC

This is the FCC Chairman, who is ostensibly a non-partisan industry regulator, openly bragging about conducting a political purge of the media.