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And you're absolutely sure that we can't just make it illegal for random people to pick up military-grade assault rifles? Because this is kind of an insanely stupid Plan B. bsky.app/profile/wash...

Time for this week's Herblock cartoon. With Trump using emergency tariff authorities to lash out at other countries, it might be worth thinking about how badly the last era of high tariffs ended.

AI spending, you say? That would be debt-financed AI spending? Good luck with that. bsky.app/profile/reut...

Hey everybody - we've made the big time! bsky.app/profile/donm...

I mean, the collapse of the debt structures might trigger a depression depending on how contagion works and policy responses, but the energy projections are probably wrong.

For what it's worth, I very strongly doubt that even a significant fraction of the currently planned data centers will be completed. The debt financing is very likely unsustainable. For a lot of them, just think of them as very expensive future indoor paintball venues.

These policies harm students and the educational mission of the university - they deserve faculty opposition! It's been a decade and a half since I left and I fond that they still outrage me.

First it was the writing center, now Dudley House. This was the place where people like married veterans & other students who had reasons to live off campus found community at Harvard. I refuse to believe this was extremely costly. www.thecrimson.com/article/2026...

Every attempt to obtain state voter data listed here failed because (i) attorneys challenged them in court and (ii) a federal judge was willing to rule against Trump's attempt to subvert democracy. Resistance to fascist consolidation by courts is unusual - be proud of this bsky.app/profile/marc...

Embracing their niche enabling every sketchy or speculative financial transaction that poorly informed rubes might want to make has worked out really well for Robin Hood. www.reuters.com/business/fin...

It is darkly hilarious that the Economist asks whether we should be afraid of Elon Musk in an article that avoids mentioning the actual reasons why we should in fact be very afraid of him - he is casually using the world's largest private fortune to promote Nazism. www.economist.com/leaders/2026...

"Not only will the most advanced [AI] models soon be able to think better than people [...]" Based on what AI companies have written about their own models, they don't seem to have a good definition of the word "think." www.economist.com/leaders/2026...

1.) Iran has not apologized to this man. 2.) Donald Trump, no matter what he is talking about, sounds like he is talking about rape. bsky.app/profile/atru...

Which actually seems pretty reasonable to me. If you want the relatively clear standard of accountability to shareholders then don't form as a PBC. I created one of these things under, I think, North Carolina law when I was in private practice - founders wanted the broader constituency framework.

United & Delta donated $1M → Trump ended flight cancelation compensation rules. TurboTax parent donated $1M → Trump killed free tax filing. Toyota donated $1M → Trump canceled CFPB refund order for overcharged borrowers. It’s a pattern of corruption that costs you money.

it's not encouraging to have a Fed chair who is openly pushing political propaganda. The inflation rate was moving towards the Fed's 2.0% target until Trump's tariffs and wars kicked in. That is a fact that Warsh must know.

I wish that I knew someone working on derivatives markets, because I would like to understand why oil futures markets have, seemingly, been so mispriced since February and why they have responded so directly to what researchers even call "cheap talk" by Trump about the war. bsky.app/profile/bgru...

Call it the Jack Welch effect. The transition from "managerial capitalism" to "finance capitalism" has had lots of perverse effects. And keep in mind that Welch *was* a genius - it's hard to judge a man's marksmanship if you don't know what he is aiming at. bsky.app/profile/goli...

Remember the investment banks describing this obvious fraud as "the apex of civilizational ambition"? Less damn self-respect than a Nigerian internet scammer. bsky.app/profile/carl...

Remember way back when exchanges & analysts were breaking their own rules to include this stock in market indices so that passively managed investment funds would be forced to buy it? Hope my former students remember the Brandeis' "Other People's Money" when they see this. bsky.app/profile/carl...