Mamdani won campaigning with price controls for essentials. Harris lost shying away from her own price gouging policy for food. Trump won fantasizing about bringing prices of essentials down. Sheinbaum won a landslide controlling prices of essential groceries.

Pocket change. JPM balance sheet is maybe 3 or 4 trillion? Laughable.

“Critics dismiss this as pie-in-the-sky socialism. But what they’re really objecting to is more fundamental: the idea that democratic governments should guarantee people’s basic needs, even if it means intervening in markets”

“McDonald's CEO raked in $18.2M last year — over 1,000x the company's median employee pay.”

Here’s the original clip of Ronald Reagan from April 25, 1987, where he delivered a complete and total rebuke against tariffs. Trump's calling Reagan’s words here “FAKE” and “fraudulent.” They’re 100% real. And the original clip is actually far worse for Trump, as much is left out of the ad:

When Trump says cattle ranchers "have to get their prices down," don't forget he also: -Ended a USDA program to help states fight meatpacking monopolies -Filled his admin with Big Ag insiders -Revoked Biden's pro-competition executive order Where's the beef?

Argentina: “The issue isn’t that talented economists leave the country, but that many return from US PhD programs armed with orthodox models that have repeatedly failed our economies. They bring back the intellectual framework that justifies the very policies that keep generating crises.”

“There is an obvious way out of this. Water, energy and transport should be brought back into public ownership and run for public benefit rather than private extraction.”

Cartoon by @billbramhall.bsky.social.

I really appreciate this review of Gilded Rage in The Bulwark. I hoped that some of the book's concerns -- corruption, authoritarianism, rule of law, inequality, our shared stake in society -- would have broad appeal. www.thebulwark.com/p/why-our-te...

“The problem we have to deal with is that these [AI] companies are selling access to the freely shared products of human social activity, as the product of their own particular capitals”

Também é preciso ter em conta que o surto inflacionista foi acompanhado por um aumento extraordinário dos lucros das empresas. A nível internacional, as principais empresas que transacionam produtos agrícolas viram os seus lucros triplicar. 5/

If this country was truly “pro-life,” we would have Medicare for All, a Green New Deal, gun reform, universal child care, and a living wage. The right-wing agenda isn’t about “life.” It’s about control.

Latest Post: I had to comment on the tariff revenue chart. (Hat tip to @josephpolitano.bsky.social about the data update. He had monthly Treasury data, I just used the BEA quarterly series.) open.substack.com/pub/bondecon...

not one word on Milei's corruption scandal that led to the local elections losses, hey FT editors, sleeping at your desks?

Wondering why grocery prices are high? Little-to-no competition across the entire food supply chain allows for a price gouging free-for-all. Corporate monopolies get rich, and we pay the tab. What is Trump doing about it? Nothing.

Latest article commenting on the zany antics of the 5-year US Treasury term premium. open.substack.com/pub/bondecon...

Your food is controlled by corporate monopolies from farm to fork. They control the seeds, the processing, the prices - everything. (CREDIT: Farm Action)

This is amazing.

trickle down economics trickle down economic trickle down economi trickle down econom trickle down econo trickle down econ trickle down eco trickle down ec trickle down e trickle down trickle dow trickle do trickle d trickle trickl trick

New article: Yes, don't compare bond yields across countries. open.substack.com/pub/bondecon...

Someone please tell me who designed the Green Bay Packers’ all white Mr Clean-like home uniforms they are wearing tonight? And why? Is this an early Halloween gathering of ghosts? My eyes are hurting.

We should nationalise big oil. “We're Paying Big Oil to Kill the Earth “ open.substack.com/pub/robertre...

Way past time to see Dimon for who he really is.

Science Under Siege: A Talk With Peter Hotez and Michael Mann open.substack.com/pub/paulkrug...

No, President Trump. Forcing seniors with traditional Medicare to get prior approval from AI companies before they can receive the health care they need won’t make America healthy again. It will make AI companies even richer by denying care to seniors. DON’T CUT MEDICARE.

Finalmente, um presidente europeu tem a coragem de falar!

“.. democracy often erodes slowly at first .. But with each concession, autocrats become bolder.. and reversal becomes harder. Responses that, early on, can feel pragmatic—waiting it out, remaining silent, cutting a deal—only embolden ..” @dziblatt.bsky.social www.foreignaffairs.com/germany/hitl...

Yes this an outstanding article. Should be required reading for everyone!

Finalmente, um presidente europeu tem a coragem de falar!

Latest short article: Republicans Seize The Means Of Production. (Lol, lmao.) Been quiet since I am editing my inflation manuscript. open.substack.com/pub/bondecon...

universal Medicare is a very moderate policy. It is about eliminating waste, think of it as DOGE for the health care industry.

A typical financial market has *fundamental* traders who watch the world and *technical* traders who watch other traders. A striking feature of the Bitcoin market is the almost total absence of the former. This has increasingly serious implications for all of us www.asomo.co/p/the-whale-...

Corrupting economic statistics will change our economic reality. Here's how: Tariffs raise prices. Social Security is indexed to inflation. If Trump tells a partisan BLS head to downplay inflation, seniors' social security checks won't keep up. Rigged stats = stolen benefits.

Sorry folks, but rolling out the red carpet for a war criminal is a staggering insult to civilized people, and Ukraine in particular. There is ZERO need for it other than to satisfy the narcissistic ego of a sociopath.

It's disgusting to see a red carpet unfurled.

Stomach turning.

“I was skeptical about a Stewart candidacy, but maybe ‘The Daily Show’ host is the right person to shake up the Democratic presidential primaries.” Me for Zeteo on the debate over ⁦‪Jon Stewart‬⁩ and 2028:

“A final note: CNBC should be embarrassed to have crypto prices on their website.” Agree!

My latest open.substack.com/pub/stephani...

This is an excellent thread on risks in new crypto regime

New article - "Primer: Why are Economic Data Revised?" Stupid people saying stupid things generates a lot of blog fodder. open.substack.com/pub/bondecon...

New article: "A Banana Republic Without Bananas: (And tariffs on the imported bananas)." open.substack.com/pub/bondecon...

Worth remembering: The Constitution explicitly gives the power to set tariffs to Congress. They could stop this nonsense by the end of the day.

If there's one thing we learned from the April 2 “Liberation Day” announcement, it's that business craves last minute announcements of incoherent tariffs on dozens of countries. It's the only way to avoid overthinking things. www.nytimes.com/2025/07/31/u...

FLIPPIN' HECK!! Words Unravelled has been nominated for a BRITISH PODCAST AWARD! How's about that @jesszafarris.bsky.social ? Thank you so much if you have listened or watched. And extra thanks to our third word nerd, editor @martynmnw.bsky.social

It’s all about the capex. 🇺🇸