Timothy McCarthy
@tmm.au
Reposted by Timothy McCarthy
'the US is a country that discovered debt as a natural resource around 2000, and has been exporting it ever since'
Does the US have Dutch disease? @bhgreeley.bsky.social on how the exorbitant burden of exporting dollars makes it hard for America to govern at home www.ft.com/content/95a7...
Does the US have Dutch disease?
The exorbitant burden of exporting dollars makes it hard for America to govern at home
www.ft.com
July 12, 2025 at 11:50 AM
'the US is a country that discovered debt as a natural resource around 2000, and has been exporting it ever since'
Reposted by Timothy McCarthy
"what matters is GDP per capita" is just an arithmetic fallacy. A per capita measure falls whenever you recruit someone producing below the average. If a small business hires someone to clean the floors, the average salary will fall, but no individual earns less money.
May 13, 2025 at 9:12 AM
"what matters is GDP per capita" is just an arithmetic fallacy. A per capita measure falls whenever you recruit someone producing below the average. If a small business hires someone to clean the floors, the average salary will fall, but no individual earns less money.
Reposted by Timothy McCarthy
Reposted by Timothy McCarthy
On the careless people on.ft.com/4i7SYUW
How Gatsby foretold Trump’s America
A century after it was published, F Scott Fitzgerald’s masterpiece is more relevant than ever. Sarah Churchwell on the trouble with ‘careless people’
on.ft.com
April 6, 2025 at 3:44 PM
On the careless people on.ft.com/4i7SYUW
Reposted by Timothy McCarthy
Occasional reminder the US isn’t the only superpower run by a cranky, thin-skinned old guy with no one around him to tell him no
First, obviously: "Ahhhhhh!!!!"
Second, what's interesting to me about this is that they haven't responded tactically with targeted tariffs on carefully selected goods that hurt Trump politically but spare Chinese consumers and businesses pain.
They went flamethrower and just mirrored the 34%.
Second, what's interesting to me about this is that they haven't responded tactically with targeted tariffs on carefully selected goods that hurt Trump politically but spare Chinese consumers and businesses pain.
They went flamethrower and just mirrored the 34%.
Breaking: China will impose a 34% tariff on all imported American goods in addition to existing tariffs from April 10
This in response to Trump's reciprocal tariffs
www.scmp.com/economy/chin...
This in response to Trump's reciprocal tariffs
www.scmp.com/economy/chin...
April 4, 2025 at 11:45 AM
Occasional reminder the US isn’t the only superpower run by a cranky, thin-skinned old guy with no one around him to tell him no