Subbotnik having a comeback in the US of A in 2025 was not on my bingo card...

If this takes off, first thing to go from MiCA regulation is the restriction that HQLAs have to be denominated in currency referenced by SC. Because with a shortage of safe assets in frugal Europe, I don't see these banks not using US treasuries (either directly or in some roundabout system)

"We are gonna take some of that money we taxed out of US importers and ultimately US consumers and give it to our farmers who will still be struggling. I take credit for that."

Code is law; not your keys = not your coins. blablabla Crypto is emulating Traditional Finance www.ft.com/content/5b00...

Things haven't failed for the past 20 years....so: "Securitization is not the problem here"

after all, chainsaw guy did not have nerves of stihl

Wadephul hat sich bei Rutte abgeguckt, dass man Trump schmeicheln muss, unter anderem durch das positive umdeuten seiner böswilligen rants. Trump ist es wichtig wie andere über ihn denken (Merkmal des Narzissmus); Wadephul macht daraus: Trump nimmt andere ernst. #whatafool

The innovation in crypto is that it has replaced fractional reserve banking with * checks notes * double fractional reserve banking! (from today's Money Stuff newsletter)

In the run-up to the GFC we got: mortgage originators, intermediaries who bundled and sliced those mortgages selling them on to other intermediaries and households. What lulled people into believing that this was safe was a) securitization (risk supposedly distributed through bundling mortgages),

Milei: "free-market capitalism works because you can't run out of other people's money."

VVD excludes coalition with PvdAGL and PVV, two parties that are projected to gain substantial amount of votes. At the same time its major figures have taken positions and uttered stuff over the last months that will repel some of its voters, evidenced by opinion polls. Can't escape conclusion that

Discourse of VVD politicians now fully fits Brubaker's characterization of nationalist populism: selective secularism, selective liberalism, civilizationism. And the rhetorical glue that keeps it all together: selective politicization. dl1.cuni.cz

the rats nest that is the flow of money in AI compute is so unbelievably complicated and circular that i had to make a diagram

'Violence has never been a distortion in American politics. It has been one of its recurring features, not an aberration but a persistent force, destructive and yet oddly creative'

Emissions take place in NL, but newly developed carbon capture machines should be placed on African continent because the energy there would be cheaper to power those machines? www.nu.nl/klimaat/6369...

to all those who will post this article with the "what could possibly go wrong" line: the folks that had the AI "make" the virus that killed the e-coli bacteria tell in that very article what can go wrong.

"To avoid war with Russia ...you need to cut the welfare state" is one heck of a take

If that was the case, is there a feeling of being left behind when US Tourists return from various European countries, having experienced functioning and well connected public transport systems? Or is everybody just supposed to be awestruck by how awesome America is?

If it doesn't add up, just move the dates

Die "politische Mitte" - jeder will sie, alle beanspruchen sie. Aber was ist das eigentlich? Ein Thread über die ideologische Funktion eines der mächtigsten politischen Mythen unserer Zeit. 🧵 /1

So this?

#schmopulism im Spiegel

Holy moly this story about EU agricultural funds being misappropriated by Mitsotakis entourage has everything (blatant fraud and when caught red-handed the politician in question resorts to witness intimidation and even jokingly suggests to kill the whistleblower), but cherry on top of the cake 1/2

Insightful post on the decentralization problem in Bitcoin, not only from the financial side (concentration of miners/owners), but the actual infrastructure side and the handful(!) of individuals who maintain it.

In its new External Sector Report, IMF finally admits current account balances widened sharply in 2024. Deficits grew in the US. Surpluses rose in China, the eurozone, Japan. But given Tariff man, worth stressing that the euro area’s rising surplus in 2023–2024 is very different from Chinas. 1/

If an AI gets rouge, you better communicate via handwritten mail send by doves about its shutdown. HAL 9000 stuff. www.anthropic.com/research/age...

is he confusing the long depression and the great depression? because the tariffs during the gd did not help

Headline should be: Trump plans to reduce budget deficit through increasing tax (revenue).

Mazower's book "on antisemitism" comes out later this year in English (in Dutch available already), but here you can watch a conversation on the book with the author, recorded a couple of weeks ago in DeBalie Amsterdam.

In a span of 12 hours Trump went from "if they (Iranian regime) want to talk, they know how to reach me!" to "we know how to reach him, but won't kill him... for now"

Tired: extra parlementair kabinet Wired: externe lijsttrekker.

This!

Het idee dat een partij aansluiting moet zoeken bij het centrum is een acceptatie van rechtse framing. Er is geen bewijs dat een gematigde koers van links rechtse partijen verzwakt. Integendeel, het leidt vaak tot méér kiezers die naar rechts overlopen, terwijl progressieve kiezers afhaken.

🚢 🏗 The @port-of-rotterdam.bsky.social has big plans for the Dutch energy transition. But is it a smokescreen for business-as-usual? 🤨 Our new research reveals the flaws in their roadmap and outlines what a truly transformative strategy could look like. Read the piece ⤵️ 🔗 bit.ly/4jw1YUA #CSS

Why is Schoof thinking that the downfall of his cabinet is "unnecessary" and "irresponsible"? After all, he is a technocrat (as per the definition of the *only* article I read on this - dont @ me, it's marking period ) and so should be right in his element.

The PVV has left the Dutch coalition. What does this mean? Will there we be new elections? When? Who will win? Which government will form? 🧵

For those interested in Dutch politics: Far-right leader, Geert Wilders, just pulled the plug on the government coalition that his party PVV was a part of. Because other parties are not “signing up to his party’s asylum plans” May I add that this happened as his party was slipping in polls…

In the history of Haribo, no one ever bought a kilo pack of Happy Cola F!ZZ and ate them in moderation. Poor folks were probably high like a kite for 5 mins and then bad tripping right into the ER.

One of the companies implicated in a major Dutch financial scandal is quietly making a comeback in Europe – this time in Belgium and Greece. With tactics that look all too familiar: high fees and hidden costs eroding returns for savers.

Well I guess that's a piece of evidence that might challenge the explanation advanced in that book www.reuters.com/markets/us/m...

The English language international press is going to have fun with the last name of the new German FM.

It's the US guy

Take home assignments will have to become increasingly of the sort: here is an output gpt generated based on the following prompt. Did gpt get it wrong? And if so, what did it get wrong? (Though one might end up teaching students prompt optimization rather than the content of the course)

Trump's version of Merkel's "vollstes Vertrauen"

Dutch government intends to use Climate Fund money to subsidize the energy costs of its industry. www.nu.nl/politiek/635... Would be interesting to see how this came about (i.e. which sector lobbied for this, or whether it's "just" a spatial lag variable).

This part in Hayek's Bastards on Brimelow reminds me of how parts of Dutch media and a very established university's law dept dealt (and continue to deal) w/ the far-right: treating them as mere provocateurs, "naively missing or cynically misreading the earnestness of their ideological project

Gezonde overheidsfinanciën > gezonde mensen

"Hayek's bastards": Fascinating read about the origins of the paleolibertarians and their populist rhetoric/strategies

There goes your (bijna) gratis kinderopvang... www.nu.nl/politiek/635...