capital flight is less of a risk than people think -- most of it thats gonna fly is already /in/ tax havens and comparable jurisdictions

I also support this, give people their smol cars bsky.app/profile/bloo...

when someone asks me about the tone of my off-broadway production

I’m holly, I’m jolly. You’ve got believe me. I swear I am

This, from an excellent piece on the Fed Chair selection process, strikes me as a significant difference between Democratic and Republican presidents, particularly of late. Rs prioritize the Fed, Ds don’t as much.

the trump admin is cracking down on industry

a movie that takes place where you're from

@leanderalphabet.bsky.social Curious if ICE raids have anything to do with this beyondthe90.substack.com/p/usmnt-atte...

this all happening in tandem with deregulating and promoting the crypto universe is kind of, well, 😬

Bad for Discourse and also bad for all the people who might get Chernobyl'd that the ending of "we should have more nuclear power" has gone from "by making it easier for Westinghouse and Bechtel to build them" to "by gutting the NRC at a Trumpy shitco's behest" www.bloomberg.com/news/feature...

Be sure to check out TR's package on "The New Conspiracy Age," separating the truths from the myths on AGI, weather modification, wind turbines and whales, and more— a project that @asilverman.bsky.social kicked off and coordinated.

If you want to spend your weekends away from computer might I suggest having children? You know how many activities they got for them these days?

I’m old enough to remember when we were all cautioned against “The Green Lantern Theory of the Presidency” under Obama, and now we’re watching The Thanos Theory of the Presidency be realized

Battery plants can create advanced manufacturing jobs, help the US compete economically with China, diversify global supply chains, improve grid resilience & provide domestic supplies for automakers. So naturally the DOE is clawing back funding for them.

12-year-old Occupied Government

1. This is bullshit. In previous shutdowns furloughed employees have been made whole but after the last Trump shutdowns, congress, anticipating a future admin might try and stiff ‘em, passed a bipartisan law requiring it. 2. In a week they’ve gone from threatening to RIF furloughed workers to this.

The US could develop its own cheap, fast public payment rails. Instead, it’s threatening trade-related measures against Brazil for innovating. Using financial statecraft to help incumbents continue squeezing out rents at consumers’ expense.

been thinking about this very smart @bdmcclay.bsky.social post all morning www.notebook.bdmcclay.com/p/men-men-me...

With the US potentially coming to Argentina's financial rescue, I'm sharing my new paper on "Financial Statecraft." It critiques the government's deployment of the banking system for geopolitical purposes and proposes reforms to rebalance public and private power. papers.ssrn.com/sol3/papers....

Apropos Miran making it onto the Fed's Board of Governors and using some technical terms last week without really getting into the details, I wrote more about exorbitant privilege, and Miran's origin story as someone who says they want the dollar to depreciate: open.substack.com/pub/ninaeich...

its so funny how trump 1 was "manufacturing should be a priority" and then after the pandemic the Biden admin successfully made manufacturing an actual priority and now trump 2 is "racism is higher priority than manufacturing"

Later posting than usual, but: my newsletter this week is about Stephen Miran, his economic views, and what it could all mean for dollar dominance -- please check it out! open.substack.com/pub/ninaeich...

I wrote this week's newsletter about Fed Independence, how I sympathize with those that critique it, and why I think Powell has generally been so successful pushing the margins while sticking to its mandates. Pretty sure this may still make some people mad: ninaeichacker.substack.com/p/do-we-real...

I promise I was planning to write about the Fed before everything happened: this week's newsletter goes into the origins of central banks, the root of Trump's beef with the Board of Governors, how the Fed has been responding to recent inflation uncertainty: open.substack.com/pub/ninaeich...

I already loved @atwilliams.bsky.social and @cmmonwealth.bsky.social , but holy heck, this meditation on Bidenomics is amazing, and it pairs oddly well with @lioneltrolling.bsky.social 's recent work on the importance of rhetoric, and also with the start of The Argument. Check it out!

It's live: here's me thinking out loud about data in macro class, recent drama with the BLS, and why it would be such a shame to lose the public good that is data disseminated by the BLS open.substack.com/pub/ninaeich...

Imagining Mulder and Scully busting an American University frat party.

I was either going to write about the BLS firing or the Odd Lots profile, so I picked joy. Here's a piece on how Odd Lots (thank you @weisenthal.bsky.social and @tracyalloway.bsky.social ) is one of the best institutionalist readings of the global economy going: open.substack.com/pub/ninaeich...

We don’t need to invent hypotheticals. The Biden administration’s efforts to enforce antitrust law and regulate Wall Street engendered a much more intense reaction from the business community, including a barrage of lobbying, WSJ editorials, and tv ads and billboards.

Slightly earlier newsletter posting than usual! I talk about @dkthomp.bsky.social on whether economists were wrong to predict doom after liberation day, and also shout out @weisenthal.bsky.social about manufacturers' animal spirit: open.substack.com/pub/ninaeich...

miller red raspberries, painted by deborah griscom passmore, 1895

It's that time: a newsletter is live with more detail about possible supply (and demand) side effects of the Big Beautiful Bill and more Trump administration economic policies. Lots of hand-holding alongside some charts where I had fun with the marker colors: open.substack.com/pub/ninaeich...

There are a lot of Democrats who are going to have to look back and explain this vote in a few years after the crypto industry blows itself up.

arkansas black apples, painted by ellen isham schutt, 1909

I've got a nuts and bolts description of how I think about shocks, aggregate demand and supply, and inflation in my newsletter today -- consider yourself forewarned about the charts! open.substack.com/pub/ninaeich...

This was basically the concept of the IRA and welp now instead the opposite is happening

I think we should find a way to have people who favor both Phillips and Mamdani in the party

Rural economies are propped up by commodity prices, immigration and public funding. Tariffs, ICE crackdowns and the Big Beautiful Bill go after all 3.

New newsletter post up! I talk about the Beauty Contest Theory, buying assets as commitment to a bit, and also thank a bunch of people: open.substack.com/pub/ninaeich...

Worth noting that preserving universal vacatur allows conservative judges to continue enjoining regulations issued by Democratic administrations. It's a perverse outcome if constitutional rights can't be *protected* nationwide, but regulations that help people can be *blocked* nationwide.

Zohran Mamdani can lower housing costs by getting everyone who jets between New York and the South of France to leave the city for good

ICYMI: I have a post out on my new newsletter talking about Zohran, abundance, and "Abundance" talking about why I think it's cool for a left identified DSA candidate to be talking approvingly about the abundance agenda: open.substack.com/pub/ninaeich...

The world is going to hell in a hand basket, it’s the final day of voting in the primaries for NYC’s mayor, and it’s so so hot out. But! I’m also introducing a newsletter about economics for people with less than fond memories of Econ classes in their past! ninaeichacker.substack.com/p/welcome-to...

If there are any crypto boosters still claiming it’s about freedom from the oppressive state institutions, well…

I wish folks would ask the current administration this: Why is it that investment in the construction of manufacturing structures fell both times President Trump took the helm? And why did it rise so high and so fast under President Biden? Data from: www.industrydatanavigator.org/data-viewer/

This piece by @rachelmcohen.bsky.social (characteristically!) has everything: nuance, descriptions of prisoners' dilemmas, epithets for labor greedy employers, and so much more. A really important piece that you should read.

We shouldn’t ignore the barriers to early parenthood, and people deserve the support to have as many or as few children as they like, when they wish to www.vox.com/policy/41509...

A new bipartisan bill would require private insurers to fully cover the cost of childbirth with no co-pays or deductibles. Average out-of-pocket costs today is ~$3,000. It’s a big deal, with an unusual origin story, and backed by an even more unusual alliance of orgs 🧵 www.vox.com/policy/41491...

I know the Abundance guys can be annoying but can we at least admit that they have a point?

I have been waiting for someone to do this for years, and who more perfect than DeGrom If he really preaches this stuff - embracing pitching instead of max effort and velo - he could truly change the game, and save a lot of kids' arms along the way