Emil retweeted
Geopolitical quote of the year by @TheMichaelEvery 👇
Emil retweeted
Always great to be back on MacroVoices, even —or especially!— in times of wild political **and so geopolitical** uncertainty, where ‘War and Peace’ scale binary outcomes loom.
MacroVoices @ErikSTownsend & @PatrickCeresna welcome @TheMichaelEvery. They discuss how the Democrats’ congressional sweep could constrain U.S. foreign policy and reshape global markets, with Michael Every warning that a weaker or more inward-looking U.S. could create power vacuums and raise the risk of escalation in the Middle East and Ukraine. bit.ly/4zoAjxy
Emil retweeted
Tune in to America This Week on Election Night!
Join @walterkirn and me for an America This Week Reunion Special, as we watch returns and ponder the coming end of the world
open.substack.com/pub/taibbi…
My P.K.D. short story collection has a prime position in the library.
Replying to @walterkirn
The earliest drone warfare story I am aware of is P.K.D.’s “Second Variety” (1953).
It’s starts off foreshadowing Ukraine-Russia style buzzsaws and ends with Skynet-type terminators.
Check it out Mr. Kirn!
Emil retweeted
I'm afraid Mr PK Dick must be consulted daily at this point if you are to remain oriented and sane.
Emil retweeted
I suggest you inform yourself on the events going on in Poland now. Astonishingly, many people are unaware of these events because the reporting is not circulating as it widely as it might on many platforms.
Emil retweeted
If you want to go deep into the central bank element of the Poland story (which really is key) I wrote the below two weeks ago. I’ve taken outside the paywall.
thepeg.co/p/everything-you-n…
Emil retweeted
My latest column at the Telegraph ponders whether it’s time to reevaluate the supposed computer revolution. telegraph.co.uk/business/202…
Emil retweeted
Must watch!
Tomorrow we're releasing a full UATX course for free: all 19 lectures of Professor Isabella Reinhardt's Rise and Fall of Ancient Rome, filmed in class with our students.
It runs from Rome's mythical founding to the Third Century Crisis. It ends on a question the class spent a whole session arguing about: did Rome ever really fall?
Perry Mehrling, RIP.
According to the History of Economics Society, Perry Mehrling died "Monday night from injury sustained in a fall several days earlier." He was Professor of International Political Economy at Boston University and, previously, longtime Professor of Economics at Barnard College. He was a highly esteemed historian of economics.
Here is his homepage:
sites.bu.edu/perry/
His last book: "Money and Empire: Charles P. Kindleberger and the Dollar System"
amzn.to/47RVhJ2
"Charles Kindleberger ranks as one of the twentieth century's best known and most influential international economists. This book traces the evolution of his thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated. A biography of both the dollar and a man, this book is also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world."
Charles Goodhart: "The discipline of economics is balanced, somewhat unsteadily, between two legs, with the skill of the historian on one side and of the mathematical modeler on the other. In the second half of the 20th century, the tide flowed strongly to elevate the second leg and to diminish the first. In this delightful biography of Charlie Kindleberger, a charming and loveable man, Perry Mehrling shows how Charlie, in his chosen role, as an international monetary economist, fought against that tide, often unsuccessfully. Perry writes so beautifully that one would only need a smattering of economics to enjoy the tale; while if one is interested in the history of economic thought in international monetary economics, then this book is, of course, a must read.'
amzn.to/47RVhJ2
Emil retweeted
After yesterday’s edition, it was also an honour to be the first ever guest on a MacroVoices ‘unplugged’ extra edition…
MacroVoices @ErikSTownsend & @PatrickCeresna welcome back Michael Every @TheMichaelEvery . They discuss how Iran's threats to extend its strikes into the Indian Ocean and a possible 90-day U.S. diesel export ban could deepen the energy crisis, why Washington is rallying allies like Canada and Latin America into a U.S.-led bloc against a China–Russia–Iran–North Korea axis, and how fears of a 2027 Taiwan move, AI supremacy, and tactical nuclear escalation are reshaping markets, capital flows, and national security.
Check out part 2: bit.ly/4hKnTts
Emil retweeted
In his interview with @PeterMcCormack Russell Napier points out that a 50-year French government bond issued in 2021 with a 0.5% coupon has, as of the interview, lost roughly 78% of its capital value, while French CPI has risen 18% over the same period. This has effectively wiped out the purchasing power of the supposedly "risk-free" asset.
youtube.com/watch?v=hF9tWw1g…
It’s funny, but also a serious sign of things to come, like war bonds of yesteryear but with modern messaging/propaganda.
Financial repression.
Emil retweeted
I have an announcement. Effective immediately, I have been appointed by Treasury Secretary Scott Bessent as the 1st head of marketing in US Treasury history. As my first act, we are launching a new campaign immediately. See below. Interested in your feedback.
🤖 Made with AI
Emil retweeted
The government has as much control over yields as it wants. Remember, the U.S. had yield curve control in the 1940s and set a ceiling of 2.5% for long term yields. Yields are an input into the economic system set by political actors.
Emil retweeted
Anything @Myrmikan writes is automatically “must read” for me.
This is “must MUST read” 👇
AI debt failure will prompt another wave of Fed bailouts: myrmikan.com/pub/Myrmikan_Re…
































