Horrific, police state stuff.

2/ The paper calls time on the idea a systemically important firm needing an emergency loan is likely "solvent but illiquid"—in none of the cases was liquidity alone a "cure.” It also highlights (literally!) other takeaways and notable design features for future crisis-fighters.

Before press came in — but while live feed was running on Bukele’s feed — Trump said to him: “home-growns are next. … You’re gonna need to build about 5 more places.” x.com/nayibbukele/...

When Kasparov published this book in 2015, many dismissed him as overly pessimistic, even crazy. In hindsight, it reads like a revelation. Take this man seriously!

“Did Russia invade Ukraine” is becoming the new “Did Joe Biden win the 2020 election?” — a test that lets us know whether someone believes in democracy or is willing to trade it for their own personal ambition — and that should make us all very, very disturbed.

I have not felt prepared to read this article today about the resignation of the Treasury's Fiscal Assistant Secretary (who was just acting Treasury Secretary) until like a half an hour ago. I finally did. Its terrifying. I'm terrified. archive.ph/yduKp#select...

I did a NYT video interview—along with voices from Hungary, Nicaragua, and Russia— about how repression works in authoritarian states. www.nytimes.com/video/opinio...

Check out "require: Package dependencies for reproducible research" in latest Stata Journal @statacorp.bsky.social by @scorreia.com and M. P. Seay. #EconSky journals.sagepub.com/doi/abs/10.1...

Thank you @petercontibrown.bsky.social for featuring our paper on Failing Banks in your PCB Central blog!

Why would you use a 800 parameter model when you can fine-tune a 8000000000 parameter language model to output the sentences "this is risky" and "this is not risky" instead?