My favorite part of writing BIG is the captions. mattstoller.substack.com/p/throw-the-bu…
Federal Reserve-related caption. mattstoller.substack.com/p/on-inflation…
A lot of the archives are free, so you can read more or subscribe. Here's the BIG caption describing BIG. mattstoller.substack.com/about

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More from @matthewstoller

Jul 23
People are willing to make sacrifices, but they don't trust experts anymore. And why should they? When public health authorities sanctioned protesting against preferred political causes but not engaging in other similar activities they proved themselves untrustworthy.
I had not heard of the luxury restaurant French Laundry until the pandemic, when Gavin Newsom and other elite liberal dipshits kept getting caught there violating Covid rules. Public health rules are for me not for thee.
And Fauci lied on a fairly regular basis about important things - like masks. Don't wear masks they don't work besides we need them for doctors.

People had to balance Covid and shutting everything down, with no interest from public health elites about the costs of the latter.
Read 4 tweets
Jul 21
1. A couple thoughts on this deal. First, it's totally insane that Amazon execs are even imagining that Amazon can become your doctor and your medication provider at once. The nefarious possibilities here are endless.
2. Start with data. Amazon could use patient data to engage in targeted advertising, and it is a massive player in ads. The House Energy and Commerce 'privacy' bill explicitly legalizes the use of personal data if it is owned by a corporate subsidiary.
3. Amazon is also a significant buyer of medicine and medical supplies through its retail division and its pharmacy division PillPack. Adding One Medical would give Amazon more buying power here.
Read 10 tweets
Jul 21
The "privacy" bill passed by the House Energy and Commerce committee will now make it much harder to keep your phone number when moving from one phone company to another. Great job everyone.
The "privacy" bill legitimizes surveillance advertising as a business model for big tech, but don't worry it will also increase the price of cell service.
And I'll note it was the Republicans who pushed hard to make sure that phone companies can prevent customers from switching.
Read 5 tweets
Jul 18
So Chuck Schumer is going to put a semiconductor subsidy bill on the floor tomorrow, but remove most controversial pieces from it. Except, the rumor is, he is going to be put a little gift to big tech in there, because he can't help himself.🧵
Last week, Schumer went to Seattle, the home of both Microsoft and Amazon. He talked fundraising, antitrust, and mergers. He's also raising a $100M+ 'dark money' fund. 🙄 fedscoop.com/senate-leader-…
So on the semiconductor bill, originally the Senate had a nasty provision to help big tech circumvent anti-monopoly rules. But the House had a bunch of anti-big tech provisions in their version. prospect.org/economy/trade-…
Read 5 tweets
Jul 13
The legacy of Ruth Bader Ginsburg is to valorize officials who pursued high-profile social issues, and ignore their work for big money interests. A slate of Biden judicial picks reflects this habit. mattstoller.substack.com/p/bidens-bad-j…
Brad Garcia is the first hispanic nominee to be nominated to the D.C. Circuit court, doing pro bono work for immigrants and prisoners. He's also a Google lawyer and helped Fidelity cheat its customers. mattstoller.substack.com/p/bidens-bad-j… Image
Jerry Blackwell was just nominated to the Minnesota district court. He helped in the George Floyd murder trial, but specializes in making sure people can't sue big firms, representing ConAgra, 3M, Exxon, and numerous medical device companies. mattstoller.substack.com/p/bidens-bad-j…
Read 5 tweets
Jul 8
Ron DeSantis is attacking Biden for not letting him cut drug prices because the Biden admin won’t let Florida import drugs from Canada. wfla.com/news/politics/…
More importantly DeSantis is going after pharmacy benefits managers. This is a core monopoly problem.
Essentially Ron DeSantis is using FTC Chair Lina Khan’s agenda on a state level by attacking dominant supply chain middlemen. Smart policy and smart politics.
Read 5 tweets

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