Sublime
An inspiration engine for ideas
“When I picked up my newspaper yesterday, I thought I woke up in France,” said Senator Jim Bunning, the Kentucky Republican. “But no, it turned out it was socialism here in the United States of America. The Treasury secretary is now asking for a blank check to buy as much Fannie and Freddie debt or equity as he wants. The Fed purchase of Bear
... See moreAndrew Ross Sorkin • Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves
People who assure you that you can only gain security at the price of liberty usually want to deny you both.
Timothy Snyder • On Tyranny: Twenty Lessons from the Twentieth Century
The budget deficit stimulates the economy. Without it, the recovery could not have been as fast and vigorous as it turned out to be. The recovery, combined with high interest rates and the influx of foreign capital, tends to keep the dollar strong. The recovery, combined with a high exchange rate, tends to suck in imports and create a trade
... See moreSubstack • The ‘Imperial Dollar Milkshake Circle’
Recession Risk, Trump Says “Buy,” and the Everything Code
If we had to boil it down to a single concept, we might just say that without poverty, we’d be more free. A nation invested in ending poverty is a nation that is truly, obsessively committed to freedom. Franklin Roosevelt was right: “True individual freedom cannot exist without economic security and independence. Necessitous men are not free men,”
... See moreMatthew Desmond • Poverty, by America
Recession Risk, Trump Says “Buy,” and the Everything Code
For some more concrete recommendations, I’ll suggest the following: Policy should be more forward-looking and more concerned about the more distant future. Governments should place a much higher priority on investment than is currently the case, in both the private sector and the public sector. Relative to what we should be doing, we are currently
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