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washparkhorn

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Everything posted by washparkhorn

  1. Immune, immune, immune.
  2. The Fishhook theory is much closer to reality than the Horseshoe theory. Centrist mollification of the far right has the unintended consequence of entrenching the radical right. Centrist mollification of the far right entrenches the radical right by legitimizing extremist views, shifts the Overton Window, demoralizes those opposed to the radical right, encourages further radicalization, undermines democratic norms, fragments political coalitions, and enacts policy shifts that reinforce far-right priorities. This dynamic creates a political environment where radical right ideologies gain a stronger foothold and exert greater influence over the broader political landscape. We reap what we sow.
  3. Radical Supreme Court: confirmed.
  4. As I said at the time of his election in 2020, Biden should have pledged to only one term as a caretaker President. We could have avoided the predicament we find ourselves facing in 2024.
  5. Argentina showing the world (again) how to fuck around and find out when combatting inflation. Austerity kills the patient. GDP plummets and unemployment spikes. “Argentina’s gross domestic product shrank by 5.1% compared to the same period last year, while unemployment climbed to 7.7% in the first quarter of 2024, according to reports by the National Institute for Statistics and Census (INDEC). https://t.co/aiFTGTW8br
  6. The “they” in this case may be one or two of the pro-insurrection justices __ The Sackler case was correct in the fact that the settlement wiped out victim claims without giving them a chance to challenge the decision. The Sacklers should have been forced into bankruptcy under the deal, imo
  7. Some hopeful news on the EV front, perhaps.
  8. Immaculate disinflation narrative takes hold. Dollar down as hikes become highly unlikely. Weakening labor market signaling slowing. Headline 0.0% M/M. Core 0.2% M/M.
  9. A fire broke out backstage in a theatre. The clown came out to warn the public; they thought it was a joke and applauded. He repeated the warning, but the acclaim was even greater. I think that's just how the world will come to an end: to general applause from those wisemen who believe it's a joke. Kierkegaard, Either/Or Part 1
  10. The US has an addiction crisis:
  11. Just a reminder—Higher rates makes goods and services more expensive. Unfortunately, higher rates also supply income (interest income) to support higher prices (i.e., “stickyfying” higher prices, especially in the services sector).
  12. Tories withering on the vine—
  13. While excessive money printing can lead to inflation, it is not the sole determinant. Advanced economies like the US (Japan, GB, Australia. . .) have multiple tools and mechanisms to control inflation, including monetary actions by the Federal Reserve (such as adjusting interest rates and open market operations). US demonstrates inflation can be managed even when significant amounts of money are injected into the economy, such as during the quantitative easing periods following the 2008 financial crisis. Japan's experience demonstrates that a country with its own currency can maintain high debt levels without triggering hyperinflation or economic collapse. Japan's debt-to-GDP ratio is significantly higher than that of the US, yet it has managed to avoid hyperinflation and maintain economic stability. This is largely because Japan, like the US, has control over its currency and can conduct monetary policy to mitigate inflationary pressures. While Japan has experienced periods of low growth and deflation, labeling the entire period as "miserable" is an oversimplification. Japan has maintained a high standard of living, low unemployment rates, and technological advancements. Japan's economic issues are complex and not solely attributable to its monetary policies—demographic challenges and other structural factors also play significant roles. Inflation is just one of many economic factors that need to be managed. Fiscal deficits can be sustainable if they are used to finance productive investments that boost economic growth. Moreover, in times of economic downturn, running deficits can be necessary to stimulate demand and avoid deeper recessions. The real threat to economic stability is not necessarily the size of the deficit or the act of money printing, but rather the mismanagement of economic policies overall. Like propaganda from Peterson think tanks, you overly simplifies complex economic relationships and ignores the evidence that monetary sovereign countries, like the US and Japan, have managed to control inflation despite high deficits.
  14. Taxes drain inflationary liquidity and, when targeted at inflationary behavior (price gouging, greedflation, . . .), de-incentivize those behaviors.
  15. Spending is subject to limited real resources/the inflation restraint.
  16. I worry about traitors choosing to voluntarily default on debt payments. A single, self-authorized, issuer and net supplier of an unpegged fiat currency can never default on debts payable in its own currency—unless it chooses to do so in a massive act of stupidity.
  17. We are not close to fiscal instability in the US. Japan’s debt to GDP ratio is more than 250%, yet the Yen remains one of the world’s reserve currencies. “Fiscal instability” is what the crooks scare the dum-dums with, while they steal money out the back door. Stop being a dum-dum.
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