Time for a nerd thread on monetary policy in light of the Feds rate cut yesterday. TL;DR: we are in unchartered waters here on account of Trump's tariff policies and general weakening of the US economy that @GOP policies will make worse. nytimes.com/live/2025/10/2…
1. First - if you're a macroeconomist, you can skip ahead as I want to start with some pretty basic stuff. Because statistically speaking, most people aren't macroeconomists.
2. In 1977, The Federal Reserve Act created the "dual mandate" that says that the Fed's obligation is to keep unemployment and inflation low. richmondfed.org/publications/r…
It's been a while since I've done a non-political nerd thread. And I wish I could do them more often! So let's do a palette cleanse to talk about this article from WaPo that is technically true, but deeply misinformative about US electric markets. washingtonpost.com/climate-enviro…
1. Read the whole article, but the big problem is this paragraph. It's true that electricity isn't like other markets, but not because it has high fixed costs. It's because it is a regulated market that isn't subject to those forces you learn in Economics 101.
2. Econ 101 doesn't say that falling demand forces lower costs. It says that happens IF you have competitive markets. When demand falls, you cut costs to try and hold onto market share - not because your changing cost structure compels you to pass savings onto your customers.
Mike Johnson refuses to open the House. Refuses to do oversight. Refuses to defend the Constitutional rights that only protect so long as they are enforced. Refuses to stand up to child predators. So we organized our own hearing in Chicago yesterday.
And if you’re objecting to this on the grounds that I accused Trump of being a child predator… well, you can choose to follow Mike Johnsons example and protect child predators too. Or you could insist on the release of the Epstein files that might clear his name.
If you care about the rule of law, you should furious that Rep. McIver is forced to defend herself against trumped-up, bogus charges today while so many legitimate criminals are being ignored or pardoned by Trump & his cronies. thehill.com/regulation/cou…
First, it is INSANE that Mike Johnson accused McIver of "inappropriate behavior" and sits silently in the face of this. abcnews.go.com/Politics/girlf…
And that the entire Republican party continues not only to sit in silent cowardice, but also to valorize a guy who pardoned people who attacked the US Capitol and were subsequently re-arrested for threatening to kill members of Congress. cbsnews.com/news/pardoned-…
This is disgusting. And I can GUARANTEE you that lots of dumps are going to come out about lots of Republican electeds who are way too close to the people in these texts. politico.com/news/2025/10/1…
This is a good crowdsourcing project. Suggest you look through for names in your state, see who you can connect them to. For example, there’s this guy.
And there’s this guy. I’ll keep adding as I find more.
Stephen Miller is trying to provoke people into responding to the government's unlawful use of force because he wants his own Reichstag Fire. This is an old, and very dangerous playbook. Take video. Resist peacefully. But don't give these fascists what they want.
Abraham Lincoln famously said that "in this country, public sentiment is everything. With it, nothing can fail. Against it, nothing can succeed." The crimes they are committing are horrific but keep that public sentiment in mind: neither their agenda nor their M.O. is popular.
Miller aspires to be Goebbels. Ridicule him, mock him and RESIST in ways that are public, visible and don't give into a single one of his evil dreams. Turn him into Bull Connor.