Steve Johnson
@brianzul.bsky.social
Areas of study completed: Economics, Econometrics, Business, Finance, Taxation, Middle East Policy.
Reposted by Steve Johnson
“Elon Musk is not above the law.” —Rep. John Larson
March 19, 2025 at 5:03 PM
“Elon Musk is not above the law.” —Rep. John Larson
Reposted by Steve Johnson
This is Marco Rubio explaining how the USA promised to defend Ukraine forever if they got rid of their nuclear arsenal left after the Soviet Union fell.
This is why lil marco was sinking into the couch. He was hoping we wouldn’t find it…so don’t RT right now this very second.
This is why lil marco was sinking into the couch. He was hoping we wouldn’t find it…so don’t RT right now this very second.
March 2, 2025 at 4:55 PM
This is Marco Rubio explaining how the USA promised to defend Ukraine forever if they got rid of their nuclear arsenal left after the Soviet Union fell.
This is why lil marco was sinking into the couch. He was hoping we wouldn’t find it…so don’t RT right now this very second.
This is why lil marco was sinking into the couch. He was hoping we wouldn’t find it…so don’t RT right now this very second.
People. In a wold of disinformation make sure you and your friends and family make a wise media choice. adfontesmedia.com/media-bias-c...
Ad Fontes Media Releases New Media Bias Chart | Ad Fontes Media
Ad Fontes Media releases new flagship Media Bias Chart featuring 172 sources. Download version 12.0 for free today!
adfontesmedia.com
February 8, 2025 at 9:17 PM
People. In a wold of disinformation make sure you and your friends and family make a wise media choice. adfontesmedia.com/media-bias-c...
Reposted by Steve Johnson
“government gangsters” speaks volumes about this administration.
It’s like they see Nicky Barnes as a role model.
It’s like they see Nicky Barnes as a role model.
Kash Patel told @amyklobuchar.com he did not recall saying Trump has “every right to tell the world that in 2020, 2016, and every other election in between was rigged by our government because they were.”
Here’s the clip:
Here’s the clip:
February 1, 2025 at 7:40 PM
“government gangsters” speaks volumes about this administration.
It’s like they see Nicky Barnes as a role model.
It’s like they see Nicky Barnes as a role model.
Citizen feedback is the ONLY guardrails on Trump’s administration. It’s wise to keep your Representative’s and Senators’ phone numbers saved in your phone so you can share your feedback as he tests the limits of the law and the moral fabric (What is left of it) of our country.
January 29, 2025 at 6:15 PM
Citizen feedback is the ONLY guardrails on Trump’s administration. It’s wise to keep your Representative’s and Senators’ phone numbers saved in your phone so you can share your feedback as he tests the limits of the law and the moral fabric (What is left of it) of our country.
Reposted by Steve Johnson
New Tesla logo just dropped.
January 24, 2025 at 6:13 PM
New Tesla logo just dropped.
When a gesture like the Nazi salute is used, it carries an immense historical and cultural weight that cannot be separated from its meaning, regardless of the intent or accompanying words. Even if done accidentally, the gesture itself evokes deep offense and pain for many, making it inexcusable.
January 25, 2025 at 9:49 PM
When a gesture like the Nazi salute is used, it carries an immense historical and cultural weight that cannot be separated from its meaning, regardless of the intent or accompanying words. Even if done accidentally, the gesture itself evokes deep offense and pain for many, making it inexcusable.
Reposted by Steve Johnson
As conservative states wage total culture war, college-educated workers—physicians, teachers, professors, and more—are packing their bags.
The Red State Brain Drain Isn’t Coming. It’s Happening Right Now.
As conservative states wage total culture war, college-educated workers—physicians, teachers, professors, and more—are packing their bags.
newrepublic.com
January 2, 2025 at 2:23 AM
As conservative states wage total culture war, college-educated workers—physicians, teachers, professors, and more—are packing their bags.
Reposted by Steve Johnson
More than 75 Nobel Prize winners have signed a letter urging senators not to confirm Robert F. Kennedy Jr., President-elect Trump’s pick to lead the Department of Health and Human Services.
Nobel Laureates Urge Senate to Turn Down Kennedy’s Nomination
Elevating Mr. Kennedy to secretary of H.H.S. “would put the public’s health in jeopardy,” more than 75 laureates wrote.
www.nytimes.com
December 9, 2024 at 9:47 PM
More than 75 Nobel Prize winners have signed a letter urging senators not to confirm Robert F. Kennedy Jr., President-elect Trump’s pick to lead the Department of Health and Human Services.
Reposted by Steve Johnson
trump REFUSES to accept the reality of how tariffs work, and refuses to take responsibility for how prices will soar as a result of his boneheaded plan.
Infinite "I told you so's" are locked and loaded.
Infinite "I told you so's" are locked and loaded.
December 9, 2024 at 12:18 AM
trump REFUSES to accept the reality of how tariffs work, and refuses to take responsibility for how prices will soar as a result of his boneheaded plan.
Infinite "I told you so's" are locked and loaded.
Infinite "I told you so's" are locked and loaded.
Reposted by Steve Johnson
Trump's margin of victory—in a country of 342 million—is down to 2.2 million and 1.47%.
His vote share is <50%.
Republicans for now have only a 1-vote majority in the House.
Things are so bad for Trump in the Senate that he's floating illegally dismissing the entire body.
This is his "mandate."
His vote share is <50%.
Republicans for now have only a 1-vote majority in the House.
Things are so bad for Trump in the Senate that he's floating illegally dismissing the entire body.
This is his "mandate."
December 7, 2024 at 5:38 PM
Trump's margin of victory—in a country of 342 million—is down to 2.2 million and 1.47%.
His vote share is <50%.
Republicans for now have only a 1-vote majority in the House.
Things are so bad for Trump in the Senate that he's floating illegally dismissing the entire body.
This is his "mandate."
His vote share is <50%.
Republicans for now have only a 1-vote majority in the House.
Things are so bad for Trump in the Senate that he's floating illegally dismissing the entire body.
This is his "mandate."
Reposted by Steve Johnson
A few more thoughts on Trump and the dollar. Probably this is sound and fury, signifying nothing except Trump's ignorance. But to the extent it matters, it's utterly counterproductive 1/
It goes without saying that this is stupid, and I wonder what set it off. Was there a segment on Fox News? But I thought it might be worth a thread explaining what Trump (and, to be fair, some other international leaders) don't get about international money 1/
December 2, 2024 at 7:32 PM
A few more thoughts on Trump and the dollar. Probably this is sound and fury, signifying nothing except Trump's ignorance. But to the extent it matters, it's utterly counterproductive 1/
Reposted by Steve Johnson
Oh, and once upon a time many countries pegged their currencies to the dollar. Hardly anyone does these days — but dollar dominance remains intact 10/
December 1, 2024 at 1:02 PM
Oh, and once upon a time many countries pegged their currencies to the dollar. Hardly anyone does these days — but dollar dominance remains intact 10/
Reposted by Steve Johnson
Governments holding foreign-currency reserves do have a choice about which currencies to hold, and have in fact diversified a bit. But people often conflate reserve holdings with the broader role of the dollar, when they're arguably the least important piece of that role 9/
December 1, 2024 at 1:01 PM
Governments holding foreign-currency reserves do have a choice about which currencies to hold, and have in fact diversified a bit. But people often conflate reserve holdings with the broader role of the dollar, when they're arguably the least important piece of that role 9/
Reposted by Steve Johnson
The point is that all these private-sector roles are mutually reinforcing, making it very difficult to dislodge the dollar from its special position. What about public-sector roles? Well, governments trying to move their currencies often buy or sell dollars, because that's where the markets are 8/
December 1, 2024 at 12:58 PM
The point is that all these private-sector roles are mutually reinforcing, making it very difficult to dislodge the dollar from its special position. What about public-sector roles? Well, governments trying to move their currencies often buy or sell dollars, because that's where the markets are 8/
Reposted by Steve Johnson
A disproportionate share of world exports are also invoiced in dollars. That's partly because widespread demand for dollar assets makes borrowing in dollars slightly cheaper than alternatives — and invoicing increases the demand for those assets 7/
December 1, 2024 at 12:54 PM
A disproportionate share of world exports are also invoiced in dollars. That's partly because widespread demand for dollar assets makes borrowing in dollars slightly cheaper than alternatives — and invoicing increases the demand for those assets 7/
Reposted by Steve Johnson
The superior liquidity of dollars also helps explain their dominance in international banking 6/
December 1, 2024 at 12:50 PM
The superior liquidity of dollars also helps explain their dominance in international banking 6/
Reposted by Steve Johnson
Vehicle: If a Brazilian bank wants to convert reais into rupees, it will probably sell the reais for dollars, then use the dollars to buy rupees, rather than look for a direct match. (And they'll probably communicate in English). That's why the dollar dominates international transactions 5/
December 1, 2024 at 12:47 PM
Vehicle: If a Brazilian bank wants to convert reais into rupees, it will probably sell the reais for dollars, then use the dollars to buy rupees, rather than look for a direct match. (And they'll probably communicate in English). That's why the dollar dominates international transactions 5/
Reposted by Steve Johnson
Getting a bit more specific: Money fills three roles: medium of exchange, store of value, unit of account. The dollar is to other moneys as money is to goods, with the added dimension that these roles involve both private-sector decisions and those of governments. I use the following table 4/
December 1, 2024 at 12:42 PM
Getting a bit more specific: Money fills three roles: medium of exchange, store of value, unit of account. The dollar is to other moneys as money is to goods, with the added dimension that these roles involve both private-sector decisions and those of governments. I use the following table 4/
Reposted by Steve Johnson
Imagine Trump threatening to impose punitive tariffs on foreigners if they speak to each other in some other language, and the absurdity is obvious. Or maybe not: it's amazing what the cult is willing to believe 3/
December 1, 2024 at 12:38 PM
Imagine Trump threatening to impose punitive tariffs on foreigners if they speak to each other in some other language, and the absurdity is obvious. Or maybe not: it's amazing what the cult is willing to believe 3/
Reposted by Steve Johnson
The best simple explanation of the dollar's role is still Charles Kindleberger's old analogy with the role of English as the language of international business. Foreigners learn English partly because we're such a big market, but also because so many others speak English 2/
December 1, 2024 at 12:35 PM
The best simple explanation of the dollar's role is still Charles Kindleberger's old analogy with the role of English as the language of international business. Foreigners learn English partly because we're such a big market, but also because so many others speak English 2/
Reposted by Steve Johnson
It goes without saying that this is stupid, and I wonder what set it off. Was there a segment on Fox News? But I thought it might be worth a thread explaining what Trump (and, to be fair, some other international leaders) don't get about international money 1/
December 1, 2024 at 12:32 PM
It goes without saying that this is stupid, and I wonder what set it off. Was there a segment on Fox News? But I thought it might be worth a thread explaining what Trump (and, to be fair, some other international leaders) don't get about international money 1/
Reposted by Steve Johnson
Oh nothing, just a person deeply integrated into the incoming administration’s center of power calling for the execution of one of his critics.
November 27, 2024 at 7:00 PM
Oh nothing, just a person deeply integrated into the incoming administration’s center of power calling for the execution of one of his critics.