patricktoche.bsky.social
economist
43 posts
50 followers
48 following
Active Commenter
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All Americans share the blame: He won the popular vote ffs!
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America is a Russian asset...
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a matter of time before they don't feel they need to wear a mask anymore...
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Trump also announced he was innocent of crimes.
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wishful thinking: if we get a recession, we won't get much inflation: there'll be a strong recovery in 3 years time, when Americans will push for a constitutional reform to have Trump president for life.
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1. They would not be competent enough to implement it.
2. they'll just have regular trade go through exempted companies they own.
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they had 4 years to put Trump in jail and didn't... in (some) other countries, he would have been ineligible... (I suppose one of his kids would have run for him, but still...)
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Not me. I'm the father of future emigrants...
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too little too late...
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And Bessent is one of the lesser insane members of this administration...
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no they're not, this pendulum will swing back...
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If you compound at a rate of inflation+growth, something like 6 or 7 percent per year (instead of what looks like a 2.8% over 125 years), you get that $1 billion is "worth" somewhere between $1 and $6 trillion.
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nobody seems to factor in a possible recession...
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This is gated and only billionaires will read it.
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Before we go around screaming "inflation", let's remember that any sizable tariff will have recessionary pressures and thereby deflationary pressures. Let's not forget that the Trump trade wars did not cause any inflation.
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not sure they are sufficiently far-sighted to "build"...
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beautiful charts!
Your dates are off by 1 Guillem:
guillemmaya.com/posts.html
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Very true. It's also more of a discrete jump in prices, rather than an inflationary spiral.
but first and foremost these canceled tariffs are insider trading pure and simple.
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It's all insider trading, pure and simple. Donald Trump has just added at least 10 billion to his wealth. We'll find out when one of his children's spouse betrays the secret after a nasty divorce. By then he'll be resting in gigantic mausoleum in the gardens of his Presidential Library.
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It's just insider trading.
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Trump is causing chaos in financial markets with only one purpose: insider trading.
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Trump is causing chaos in financial markets with only one purpose: insider trading.
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have you set up a dual login via X.com?
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history students have seen this countless times, so they won't be like "what!", they'll be smug like "yeah, as usual."
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Trump was, finally, briefed about Chinese military might.
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It's a democracy Michele and the people have spoken. They want madness, let them have it. Get ready for the midterm elections, if they change their mind.
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it's just a pose.
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it won't matter, we live in a post-truth world...
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And get blamed for it? No, let them take the country to the cleaners. The people wanted this, don't forget. Let them have it.
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stop saying that: a recession would put deflationary pressure on prices.
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so reminiscent of Hitler and the flat-footed...
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particularly those who know that inflation is the Fed's mandate, which answers to the Legislative branch of government...
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exactly my thought when I read it!
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I'll take 2 years.
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3-squared? strange typography, but yeah.
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you're the best Paul, thank you!
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The view from France is that we can always look at Italy to make ourselves feel better. Has worked for centuries.
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Excellent. Here's the version I show my students:
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If 1 billion dollars buys you a senator's vote, with 6 or 7 billion you can eliminate term limits. Even at 10 billion dollars a vote, it's worth it - bang for the buck!
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Here in Los Angeles it's been an invasion...