i am very torn about this stuff, but the issue i don't think @ggreenwald addresses is that leaks themselves constitute a form of selective editing, and an "in the public interest standard" has to consider that, even regarding authentic material. 1/ greenwald.substack.com/p/article-on-j…
if (not saying this is the case here and now, but if) one political faction is much more capable of unearthing competitors' private materials than others, when is it in the public interest to cover even the authentic material released? 2/
records of private, "candid" conversations will include things that would be discreditable in a public context, even when actions ultimately taken may be innocent. 3/
that ought to be the case. good humans, in order to act with intelligence, consider bad actions that they wisely choose not to perform. such deliberations made public can be scandalous. 4/
if one faction is capable of deliberating securely in private, while others may not, that disadvantages other factions in ways contrary to democratic accountability and the public interest. journalists legitimately don't want to be accomplices to that. 5/
none of this exonerates anyone. it just creates a world of hard-to-adjudicate tradeoffs. 6/
obviously, some scandalous revelations are of such strong public interest, they'd clearly outweigh accomplice to politically-motivated-selective-editing concerns. some revelations that would be newsworthy if discovered differently would not outweigh those concerns. 7/
given such blurry lines, @ggreenwald is very right to worry that the politics of press and tech gatekeepers puts its own thumb on the scale, shrouding its own politically-motivated selective editing behind accusations of the same by others. 8/
but i don't think the line is as bright as he thinks. it's hard to say what's "fair" or "professional" when editorial choices have electoral ramifications and the contours of what gets revealed to become fodder for such editorial choices is itself gamed by partisans. 9/
p.s. i don't know, am explicitly not weighing in, on whether news+social media orgs have made good choices with respect to the apparent Hunter Biden leaks. with @ggreenwald, i've found the noncoverage chilling. but the alternative is bad too, and not just on partisan grounds.

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More from @interfluidity

27 Oct
people think of nationalization as more radical, more dangerous, than regulation, but for deeply regulated industries that may be misguided. 1/
like nationalization, regulation usurps control. but often clumsily. pervasive regulation blurs lines of accountability, public actors point fingers at private "owners", and vice versa. 2/
obviously it depends on the nature and pervasiveness of the regulation. for industries in which private actors are numerous and diverse in how they behave, where regulation imposes just shared limits and requirements, this is argument doesn't hold. think restaurants. 3/
Read 6 tweets
25 Sep
Listening to the conversation between @csissoko and @DavidBeckworth on the evolution of banking and money markets, which is of course amazing. podcasts.apple.com/us/podcast/mac…

Some highlights for me: 1/
@csissoko points out the obvious-once-you-think-about-it fact that in a world where institutional money is collateralized, borrowed liquidity (i.e. repo), a change in interest rates amounts to a sharp change in the quantitative money supply… 2/
and immediate in that it does not depend on a reequilibration of investment decisions, which would unfold over time, that is implicit in imagined "hurdle rate" channels. (Interest rate rises, equivalently bond price drops, mechanically destroy collateral value.) 3/
Read 18 tweets
20 Sep
One of the more interesting and nuanced calls for devolution to address bitter US political divides, by @RajaKorman. 1/
I don't see those divides as purely or even mostly geographic. (In fact, I see them largely as artifacts of the incentives that govern the political parties who n turn reshape our politics and our selves, qua @leedrutman isbn.nu/0190913851) 2/
So I'm skeptical of devolution as a solution to our deadlocked bitterness. If we became several fully independent nations that kept our current electoral system, we'd soon all become little UKs, bitterly divided within while also scapegoating greater America like an EU. 3/
Read 10 tweets
20 Sep
bookmarking some supreme court reform pieces: 1/
"How Abraham Lincoln Fought the Supreme Court" @karpmj jacobinmag.com/2020/09/abraha… ht @jbouie 2/
"Reform the Court, but Don’t Pack It" @rddoerfler @samuelmoyn theatlantic.com/ideas/archive/… ht @karpmj 3/
Read 6 tweets
14 Sep
it's always the counterfactual.

developed countries fall broadly into two categories, failures w/cumulative mortalities ~1/1000 (within a factor of 1.5) and successful suppressors (NZ, KR, DE etc) with much less death. the US is a failure. 1/
the Trump administration deserves condemnation unequivocally. it sabotaged and undermined all of the tactics successful suppressors employ, ignored pre-existing plans and sidelined experts, intentionally starved the states of resources that might have let them step in. 2/
but was the US well-placed to be a success, if it had not been for this active sabotage by the Trump administration? 3/
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9 Aug
So, I'm just trying to wrap my head around what's going on.

First, 0% interest and payment holiday on student loans. The memo suggests this is continuing pre-CARES-Act executive action. Is this one objectionable, on substantive or legal grounds? whitehouse.gov/presidential-a…
This one seems a bit toothless. It's a statement of intention to prevent evictions+foreclosures, but I don't see much definite policy action, just directions to Federal agencies to look into how they might help. Will they actually? Am I missing something? whitehouse.gov/presidential-a…
So, this one defers payroll-tax payment and witholding obligations (employer- and employee-side?) from September through EOY. As things stand, it would leave an obligation for balloon repayments, including of unwithheld (likely spent!) employee-side taxes? whitehouse.gov/presidential-a…
Read 4 tweets

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