Not an Economic Question but a Question about Economics open.substack.com/pub/susanbor...

There are a couple of kids in my nephews's class who weren't born in the US, and the class has decided (w/o teacher input) that if ICE shows up in they're all going to pretend not to speak English. 10yos reinventing "I am Spartacus" because they don't want their friends to get disappeared.

One month till our Rethinking Capitalism weekend in London! All welcome, no prior knowledge of economics is required. If cost is a barrier, please send us a message. Supported places are available. For more details, program outline and bookings go to modernmoneylab.org.uk/events/rethi...

"House Republicans worked through the night to advance a massive piece of legislation that might, if enacted, carry out the largest upward transfer of wealth in American history," writes Jonathan Chait:

when i was a child, my family took CHIP and food stamps. this shaped my entire orientation toward government programs (positive) in a way most pundits don't have access to. and also, not to brag, but i think my siblings and i are proof that the ROI on feeding children is very high

Your confidence in the possibility of an equitable, productive, and sustainable economy will be restored. I promise. • June 21-22: Rethinking Capitalism • June 28-29: Money, Government, and the Public Interest See modernmoneylab.org.uk/events/ for schedule & booking details.

Worried about the inability of governments to address inequality and climate catastrophe? Housing and healthcare? Schools and jobs? In June, Modern Money Lab’s Steven Hail is bringing two excellent interactive weekend seminars to London (UK).

www.bloomberg.com/news/videos/.... Patient explainer.

This is how transformational medicine often works -- overlapping capacities imaginatively mobilized to solve an individual problem. This is exactly what the DOGE-Kennedy efforts are destroying.

Baby Is Healed With World’s First Personalized Gene-Editing Treatment www.nytimes.com/2025/05/15/h...

A book with just the right ambition to provide a vision for a different future that yet misses the moment. My review of Abundance for Foreign Policy.

Interested in learning about how we could run our economy as if people and planet actually mattered? Come join us in London in June for some outstanding courses on ecological economics and money with @modernmoneylab.org.uk - all details at modernmoneylab.org.uk

My first dance on the national stage was predicting the giant Blue Wave of 2018 using negative partisanship. I was able to say, months and months before Election Day that 1. Ds would flip the House 2. End up with about 40 seats. They might outdo that in 2026.

@joshtpm.bsky.social has been right about this all along. Plus, when only one side is pushing, the reasonable takeaway: the other side is weak, especially for the vast majority of observers who are at most peripherally aware of what's happening.

The DOJ-in-Exile Takes Shape talkingpointsmemo.com/edblog/the-d...

The Werner piece involves a study done with a regional German bank where $200,000 was fictitiously deposited by the researchers w: the bank for purposes of tracking whether bank lending expanded in a manner consistent with loanable funds or fractional reserve banking & MMT's stance was confirmed.

"Reagan proved deficits don't matter." - Dick Cheney Every major central bank has published a white paper in the last 20 years explicitly for the purpose of validating MMT's view on money creation.

Embedded in @stephaniekelton.bsky.social‘s dissection of nonsensical budget proposals and chaotic tariff policies is Larry Summers’s trenchant explanation of how trade with China really works and benefits the U.S. You’ll be smarter for reading/listening to both. open.substack.com/pub/stephani...

I gotta say this Abundance shit is so fucking tone deaf. Like do these dudes not realize the entire constitutional order is collapsing???

Had a great visit to Bucknell Univ a couple of weeks ago and was delighted to talk with Prof Vernango on his new podcast.

‘Spreadsheets of empire’: red tape goes back 4,000 years, say scientists after Iraq finds

This is the old Lieberman trick, where he'd allow cloture and vote against the bill. It's the last refuge of scoundrels

By 2000, the government’s surplus was $300 billion, but private sector deficits had grown to $4.2 trillion and persisted for all but one of the next ten years, creating a fertile environment for sub-prime mortgages, leading inexorably to the Great Financial Crisis of 2008.

From 1993 to 1999, the government deficit was reduced from $7.3 trillion to $0.9 trillion. But the private sector plummeted from a $6.5 trillion surplus to a $1.5 trillion deficit.

www.cnbc.com/2025/03/12/r... When Ray Dalio commends the Clinton era surplus and insists that the federal government should repeat that performance, why does no one ask him what happened to private sector balance sheets during that period?

Modern Money Lab is coming back to London for two weekend events in June (both interactive seminars). 1) Rethinking Capitalism - June 21/22 2) Beyond the Deficit Myth - June 28/29 Come to one or both. Let's do something positive. We'd love to meet you in June. Details to follow.

S&P 500 #sector returns, chart @JPMorganAM

There were howls of protest and denial from the GOP any time we pointed out that Republicans want to cut Social Security. Now the most powerful official in the White House goes on TV and calls it "the big one to eliminate."

Nations are ditching Musk's Starlink for other companies, including French satellite company Eutelsat, which plans to send approximately 40,000 communication terminals to Ukraine. Their stock has rocketed 390% in the 3 days as Tesla, Starlink, SpaceX and X continue their free fall. #teslatakedown

Frankly, I'm increasingly convinced that none of us--not even the most experienced among us with the rise of authoritarian regimes--know how to deal with what is happening in the U.S. now. Perhaps I'm wrong. Perhaps I'm overstating the uniqueness of the current experience. But there is no doubt...

This is the whole game. Everything. Destroy, bulldoze, rebuild without the “bother” of all of us.

May I strongly recommend European policy makers and pundits to read Keynes’s Economic Consequences of the Peace before pondering to slash the welfare state to build the warfare state.

If there’s one group of people who know how to handle entitled middle aged white dudes

Well now.

🧵STAT(S) of the Week Gen Z Gets Immediate Trump Buyer's Remorse, Voters Say Trump Isn't Focused on Inflation Since we’re clutching at Hope Straws together, I wanted to show you two stats from this week that provide our only pathway to redemption. 👇 open.substack.com/pub/thecycle...

I just downloaded this data, and I think Big Baby Elon had the name on the procurement forecast changed from "Armored Tesla" to "Armored Electric Vehicles"

An interview with @stephaniekelton.bsky.social about DOGE, Trump, crypto, tariffs, inflation, the collapse of the rule of law, and more. "We don't have two years" to wait for Democrats to rally, she says. "You won't be able to pick up the pieces." www.hamiltonnolan.com/p/stephanie-...

We conclude our 2025 Economics of Sustainability free lecture series this week, with leading economic and political sociologist Professor Fred Block's talk on 'Creating Sustainable Prosperity'. Register via Humanitix events.humanitix.com/economics-of...

In the US, it is obvious that all sectors except Govt are net #savers (the curves are above zero), which implies that Govt must be the largest and only debtor b/c the economy would collapse without Govt borrowing, chart Heiner Flassbeck www.relevante-oekonomik.com/2025/02/07/d...

Let's run this everyday everywhere. www.youtube.com/shorts/gAjBA...

The facts are, the ACA saved millions with pre-existing conditions and set standards for care. But now, more than a decade later, with what we now know, it’s time to take the insurance companies out of the mix. The subsidies they get are enormous. We don’t need them as middlemen.

“Powell’s interest rate hikes, launched in March 2022, had no perceptible effect on growth or employment, hence no plausible role in bringing the inflation rate down. Monetary policy has become an empty set of rituals.” ~James Galbraith www.ineteconomics.org/perspectives...