Pinned
Kwon Y.
@kwony.bsky.social
· Sep 23
Thinking more about Miran's thesis that falling immigration will lead to falling prices.
Time and time again, expulsion of immigrants has had a net negative impact on the economy.
Perhaps disinflation will come with the resulting economic contraction.
www.nber.org/papers/w33019
Time and time again, expulsion of immigrants has had a net negative impact on the economy.
Perhaps disinflation will come with the resulting economic contraction.
www.nber.org/papers/w33019
Reposted by Kwon Y.
“It was a once-in-a-generation cash injection designed to prioritize extraction-based communities as part of the energy transition, which for the first time in almost a century made Appalachia very competitive. So to have it all taken away is deeply damaging and demoralizing.”
‘Deeply demoralizing’: how Trump derailed coal country’s clean-energy revival
Biden earmarked billions for former coal communities in Appalachia – and his successor came and took it away
www.theguardian.com
December 2, 2025 at 1:49 AM
“It was a once-in-a-generation cash injection designed to prioritize extraction-based communities as part of the energy transition, which for the first time in almost a century made Appalachia very competitive. So to have it all taken away is deeply damaging and demoralizing.”
Must we have something like the North Sea Flood of 1953 to create political consensus around fighting climate change?
"The IRA’s survival was premised on the logic that a loose alignment of corporations would support climate policies in exchange for subsidies and convince Republicans to get on their side. That didn’t work." newrepublic.com/article/2027...
The Quick and Shameful Death of Biden’s Biggest Policy
It was far too easy for Republicans to kill the Inflation Reduction Act. Where did those who crafted it go wrong?
newrepublic.com
November 28, 2025 at 2:52 PM
Must we have something like the North Sea Flood of 1953 to create political consensus around fighting climate change?
Reposted by Kwon Y.
NYT op-ed from me: Low job gains & low unemployment are causing cognitive dissonance. The cause: immigration policy. If Trump stays the course, job gains may well go lower. www.nytimes.com/2025/11/23/o... But, maybe he acts irresponsibly to get bigger numbers no matter the effect on inflation etc...
Opinion | We’re Seeing What a No-Immigration Economy Looks Like
www.nytimes.com
November 24, 2025 at 10:16 PM
NYT op-ed from me: Low job gains & low unemployment are causing cognitive dissonance. The cause: immigration policy. If Trump stays the course, job gains may well go lower. www.nytimes.com/2025/11/23/o... But, maybe he acts irresponsibly to get bigger numbers no matter the effect on inflation etc...
“We believe, and I believe experts will agree, that the war is one of the factors contributing to the increase in the price of oil,” says Stiglitz. “And the increase in the price of oil is one of the factors contributing to the weakening of the economy."
www.nbcnews.com/id/wbna23638...
www.nbcnews.com/id/wbna23638...
November 24, 2025 at 2:19 AM
“We believe, and I believe experts will agree, that the war is one of the factors contributing to the increase in the price of oil,” says Stiglitz. “And the increase in the price of oil is one of the factors contributing to the weakening of the economy."
www.nbcnews.com/id/wbna23638...
www.nbcnews.com/id/wbna23638...
Even in brain-rot market fundamentalist logic, the problem seems to be the market not delivering what consumers want. Why is that the consumer's fault?
www.cnbc.com/2025/11/23/h... "please, buy new phone. the economy is dying" is an incredible gaslight
Americans are holding onto devices longer than ever and it's costing economy
Americans are holding onto devices longer than ever before, and while it may be consumer smart, it comes at a cost to work productivity and the U.S. economy.
www.cnbc.com
November 24, 2025 at 1:30 AM
Even in brain-rot market fundamentalist logic, the problem seems to be the market not delivering what consumers want. Why is that the consumer's fault?
Miran and Bessent need to get their narrative straight.
One says reducing the population is deflationary. The other encourages people to move to a red state without mentioning what this would mean for the purchasing power of existing residents there.
One says reducing the population is deflationary. The other encourages people to move to a red state without mentioning what this would mean for the purchasing power of existing residents there.
Bessent: "You know the best way to bring your inflation rate down? Move from a blue state to a red state. Blue state inflation is half a percent higher."
November 23, 2025 at 8:46 PM
Miran and Bessent need to get their narrative straight.
One says reducing the population is deflationary. The other encourages people to move to a red state without mentioning what this would mean for the purchasing power of existing residents there.
One says reducing the population is deflationary. The other encourages people to move to a red state without mentioning what this would mean for the purchasing power of existing residents there.
Reposted by Kwon Y.
Before the midterms of 1866, President Andrew Johnson called his congressional opponents traitors and said they should be hanged.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
November 20, 2025 at 3:33 PM
Before the midterms of 1866, President Andrew Johnson called his congressional opponents traitors and said they should be hanged.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
Reposted by Kwon Y.
Seen in Boston, Massachusetts in 1854.
November 20, 2025 at 12:46 PM
Seen in Boston, Massachusetts in 1854.
Reposted by Kwon Y.
Amidst rising unemployment & decreasing immigration, professional forecasters are cutting their estimates for US job growth—projections released today expect the American workforce to be 850k people smaller in mid-2026 than they did six months ago
November 17, 2025 at 11:17 PM
Amidst rising unemployment & decreasing immigration, professional forecasters are cutting their estimates for US job growth—projections released today expect the American workforce to be 850k people smaller in mid-2026 than they did six months ago
Reposted by Kwon Y.
Gotta love how Jon Karl and ABC News had this graphic ready to go *the very moment* that Hassett rolled out his Walmart anecdote.
November 16, 2025 at 7:23 PM
Gotta love how Jon Karl and ABC News had this graphic ready to go *the very moment* that Hassett rolled out his Walmart anecdote.
Reposted by Kwon Y.
if we take it to be true that the tariffs are aimed at getting americans to buy US-made products, then what's the point of rolling them back when they become painful? the entire point is to cause financial pain to change consumer behavior. what's the strategy here?
November 15, 2025 at 1:59 AM
if we take it to be true that the tariffs are aimed at getting americans to buy US-made products, then what's the point of rolling them back when they become painful? the entire point is to cause financial pain to change consumer behavior. what's the strategy here?
The sedentary bandit hypothesis of state formation takes a new turn
"It was tough to beat Apple, but the Swiss did it." said one administration official.
How the Swiss convinced Trump to drop tariffs with gifts of a Rolex desk clock and a 1 kg gold bar.
www.axios.com/2025/11/14/t...
How the Swiss convinced Trump to drop tariffs with gifts of a Rolex desk clock and a 1 kg gold bar.
www.axios.com/2025/11/14/t...
How to lobby Trump with Swiss precision: gifts, gold and gab
How the Swiss broke a diplomatic logjam on tariffs by arriving with tributes fit for a king.
www.axios.com
November 16, 2025 at 2:01 AM
The sedentary bandit hypothesis of state formation takes a new turn
Reposted by Kwon Y.
I don’t think US taxpayers should subsidize treason against the United States
NEW: The DOJ is in settlement talks with Mike Flynn for $50M. They're robbing us blind. www.bloomberg.com/news/article...
Michael Flynn, DOJ in Settlement Talks Over $50 Million Claim
The Justice Department has been discussing settlements with two former officials from Donald Trump’s first term who — like the president — claim they’re owed major payouts from the US government as vi...
www.bloomberg.com
November 15, 2025 at 11:24 PM
I don’t think US taxpayers should subsidize treason against the United States
This guy must think that the Black Death was amazing
Fed Governor Stephen Miran: "Cutting down net migration to 0, potentially even negative because of the deportations that have been occurring, I think is very deflationary."
November 14, 2025 at 8:32 PM
This guy must think that the Black Death was amazing
Reposted by Kwon Y.
Coal-based steel, it’s a dead end! US Steel planning a new coal-free furnace to make iron for their electric arc furnace in Arkansas. www.arkansasbusiness.com/article/us-s...
US Steel Plans New Facility in Osceola
U.S. Steel announced plans to build a new direct reduced iron plant at its Big River Steel site in Osceola, expanding its northeast Arkansas operations under Nippon Steel’s $11 billion growth plan. Th...
www.arkansasbusiness.com
November 13, 2025 at 4:52 PM
Coal-based steel, it’s a dead end! US Steel planning a new coal-free furnace to make iron for their electric arc furnace in Arkansas. www.arkansasbusiness.com/article/us-s...
Reposted by Kwon Y.
Fossil fuel projects around the world threaten the health of 2bn people
Fossil fuel projects around the world threaten the health of 2bn people
Exclusive: ‘Deep-rooted injustices’ affect billions of people due to location of wells, pipelines and other infrastructure
A quarter of the world’s population lives within three miles (5km) of operational fossil fuel projects, potentially threatening the health of more than 2 billion people as well as critical ecosystems, according to first-of-its-kind research.
A damning new report by Amnesty International, shared exclusively with the Guardian, found that more than 18,300 oil, gas and coal sites are currently distributed across 170 countries worldwide, occupying a vast area of the Earth’s surface. Continue reading...
www.theguardian.com
November 12, 2025 at 11:13 AM
Fossil fuel projects around the world threaten the health of 2bn people
This fight is missing the forest for the trees.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
November 9, 2025 at 7:45 PM
This fight is missing the forest for the trees.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
Reposted by Kwon Y.
The sense of entitlement from these people. Jesus.
Canadian multimillionaire and Shark Tank guy Kevin O'Leary went on TV to say he's upset Zohran won't talk to him: "I and others who invest in real estate have tried to get a meeting to figure out what's rhetoric and what's policy. So far for me it's been crickets."
November 7, 2025 at 7:42 PM
The sense of entitlement from these people. Jesus.
Reposted by Kwon Y.
Real ones also know that the AI industry is already basically getting bailed out (because they’re exempt from the tariffs the rest of us have to pay)
www.apricitas.io/p/the-tariff...
www.apricitas.io/p/the-tariff...
November 6, 2025 at 4:35 PM
Real ones also know that the AI industry is already basically getting bailed out (because they’re exempt from the tariffs the rest of us have to pay)
www.apricitas.io/p/the-tariff...
www.apricitas.io/p/the-tariff...
Reposted by Kwon Y.
10th month in the reign of the degrowth king
CNN: "A brand new report is out showing layoff announcements hit their highest level for October in over 20 years. It's painting a picture of a job market that is really hurting. US-based employers announced 150,074 job cuts in October, more than any October since 2003."
November 6, 2025 at 5:15 PM
10th month in the reign of the degrowth king
Reposted by Kwon Y.
Still thinking about Zohran’s full-throated defense of immigration and how long i’ve waited for it. No bullshit about border security or “legal” immigrants but just unabashed support for immigrants. How many people feel so much more seen today? I know I do. 1/
November 5, 2025 at 1:38 PM
Still thinking about Zohran’s full-throated defense of immigration and how long i’ve waited for it. No bullshit about border security or “legal” immigrants but just unabashed support for immigrants. How many people feel so much more seen today? I know I do. 1/
Lol sounds like a racist from 1800 talking about the Irish or 1900 talking about Italians in NY.
November 5, 2025 at 6:24 PM
Lol sounds like a racist from 1800 talking about the Irish or 1900 talking about Italians in NY.
Reposted by Kwon Y.
From #AHAPerspectives in April: "Since the 19th century, US government actions have led to drastic changes in international trade and finance," @nelsonhist.bsky.social writes. "And in all four cases, the result was not recessions but depressions." 🗃️
Radical Tariffs Aren’t New, But They Have Been Disastrous
In four cases, tariffs have led to depressions in US history.
www.historians.org
November 5, 2025 at 6:21 PM
From #AHAPerspectives in April: "Since the 19th century, US government actions have led to drastic changes in international trade and finance," @nelsonhist.bsky.social writes. "And in all four cases, the result was not recessions but depressions." 🗃️