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Alex Yablon Profile picture
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2 Nov, 4 tweets, 1 min read
Eric Adams is walking into my polling site right behind me
Well walking past really, he didn’t go in
He shook my hand but didn’t acknowledge when I shouted into a throng around him that he shouldn’t water down the building emission rules

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More from @AlexYablon

Alex Yablon Profile picture
4 Sep
Catholics - what’s going on there?
As a normal person (New York Jew) I have a hard time deciding whether Catholics or Protestants have more weird shit going on
I guess they are both relatively young, immature faiths and thus are going through something like adolescent mood swings
Read 5 tweets
Alex Yablon Profile picture
16 Jul
Hey, my @nytimes debut!

Amidst excruciating negotiations over "paying for" infrastructure and climate legislation that falls far short of what's needed, I look at proposals to cut the Gordian Knot by having the Fed backstop muni bonds for green projects nytimes.com/2021/07/16/opi…
@nytimes That sounds a bit wonky, so I'll explain: the federal government's ability to spend dollars is unconstrained: we guarantee our own debt with the Fed's money printer. But for political reasons we are all familiar with, centrist Democrats and the GOP refuse to acknowledge this fact
But markets know this is obvious. So they buy US government debt, ESPECIALLY in a downturn when tax revenues are falling, because they know that it's guaranteed. Who cares about tax receipts? Uncle Sam has a money printer.
Read 17 tweets
Alex Yablon Profile picture
28 Jun
"He's going to continue saying a ton of really weird shit"
If I had to predict the most likely continuity between a de Blasio-Adams mayoralty, it would probably be the city's executive murdering large rodents, either by blunt trauma or by poisoning them in large buckets
Wiley and Garcia fell short in the first round because they aren't weird enough for New Yorkers
Read 4 tweets
Alex Yablon Profile picture
9 May
New from me: Biden wants to pay for a climate plan with taxes, not the deficit, to calm the eldritch demons of finance: bond vigilantes. This limits the scope of his package.

But in the 21st century, markets will punish failure to spend ENOUGH on climate businessinsider.com/biden-reshape-…
Bond vigilantes, so the old scary story goes, will demand higher interest rates as the government does more deficit spending, which is believed to increase the risk of default. Higher rates will eat up the budget, making deficit spending counterproductive.
Except there is no indication investors actually can or want do this to the federal government. After a years of deficit spending, inflation adjusted treasury interest rates remain negative. No one thinks the federal government will run out of dollars, because it makes dollars.
Read 5 tweets
Alex Yablon Profile picture
26 Apr
ughhhh
expecting it to be struck down by the originalists citing Scalia's terrible Heller decision, nevermind the fact that local bans on concealed carry are as "longstanding" (the Heller standard) any other kind of gun restriction smithsonianmag.com/history/gun-co…
That said, what would such a decision mean for violence, crime, and daily life in New York City? A lot depends on just how expansive the majority's opinion is, but it's not clear to me this would immediately translate into much higher rates of gun carrying and violence.
Read 9 tweets
Alex Yablon Profile picture
6 Aug 20
You can draw a straight line from @mikespiesnyc' reporting on the NRA's self-dealing thetrace.org/features/nra-f… to Tish James' announcement today
Read my story from last year on how the NRA's bylaws and senior officers' personal fealty to Wayne LaPierre made it impossible for the group to reckon with its own corruption thetrace.org/2019/07/nra-re…
As a NY nonprofit law expert told me last year, Tish James' legal strategy could be a risky one and it's not clear that even if the suit succeeds, it would truly mean the death of the organization. thetrace.org/2019/05/heres-…
Read 6 tweets

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