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irgetsreal.bsky.social
Professor of International Relations, Georgetown. Former DoD and Senate staff. Foreign policy, political science, case study methods, environment, snark.
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It is telling that the term “capital flight” was always just assumed to be capital leaving countries that lacked the rule of law and stable policies and going to the US. Now we see capital fleeing the US due to Trump’s lawlessness and chaos.

There is a certain irony in the party that has long derided government claiming that they can magically use tariffs just enough to bring back manufacturing but not so much that they cause a trade war, recession, inflation, or capital flight.

Great points here on why Xi can outlast Trump: —party discipline —easy to blame US —control of media —Xi escapes blame for recent econ problems —no Congress and no elections www.nytimes.com/2025/04/11/w...

Imagine you are Luttnick or Bessent. You have worked all your life to earn a reputation for sound judgment so people trust you with their investments.

Among the many deep contradictions in Trump’s tariff policies there is this: the more he tries to convince foreign leaders of his tariff threats, the more he spooks the stock market. Today the market won and Trump’s credibility lost.

NSF just slashed its graduate research fellowships by 51%. This prestigious program has trained & nurtured at least 42 scientists who went on to become Nobel laureates. We're destroying it, at exactly the time we claim to worry about our "sputnik moment" with China bsky.app/profile/davi...

seems like someone might be panican

Trump has held extraordinarily power over the spineless Republicans in Congress. But Xi Jinping has far more control over his communist party, and can readily blame this crisis on the US. No doubt in my mind who cracks first, only question is how much more damage by then.

The usual boring stock market advice still applies: decide your risk tolerance, build a diversified portfolio that fits it, contribute steadily, and ride out any market drops. Don't take any other advice from any rando on the internet, including me. However . . .

Reposting what was an unpopular opinion three weeks ago, and one that may still be unpopular: Schumer was right to not cause a shutdown. If he had, Democrats would be taking some of the blame for the chaos Trump is creating. Now it is his and his alone.

Thinking of bottling and selling liberal tears. Evidently some people think they are worth about six trillion dollars.

It is difficult to convey how monumentally idiotic Trump’s tariffs are. Allow me to try. Let’s begin with Adam Smith. In the 200 years prior to Smith’s 1776 “Wealth of Nations” Mercantilism was the dominant view of trade.

Somehow not feeling very liberated? Unless you count liberating me from my retirement savings.

The Musk Effect. Looking forward to more of this, please.

So it begins. From Politico: "‘Modest stagflation’ risk climbs for Trump as inflation jumps"

This is how it's done. A strong and principled response by WilmerHale to the illegal Executive Order attack - a form of attempted government intimidation declared unconstitutional by a federal judge. This is how to guard the rule of law.