The Fed could be forced to hike rates again next year in the face of inflationary government policies, regardless of who wins the November election: Peterson’s Adam Posen
bloomberg.com/news/newslette…

'America’s Zero-Sum Economics Doesn’t Add Up'
by Adam Posen

archive.ph/VdY7M

Europe is taking a constructive approach to the influx of Chinese electric vehicles Peterson Institute
Important perspective from Jacob F Kirkegaard piie.com/blogs/realtime…

cc: Robin Brooks

Biden and Trump are turning into Smoot and Hawley, says Andreas Kluth, two policymakers infamous for making the Great Depression worse bloomberg.com/opinion/articl… via Bloomberg Opinion

It is essential for Russia to maintain the rancid fiction that Biden is responsible for higher gas prices in America for:
1) it deflects the blame from Putin and OPEC which
2) prevents Republicans from turning against his war in Ukraine
3) and helps Trump win

WATCH: Scott Lincicome and Lawrence H. Summers discuss the future of globalization and US international economic policy... cato.org/multimedia/cat…

#CatoGlobalization

There's been some discussion that China could raise tariffs on vehicles with engine capacity over 2.5 liters. I took a look at Chinese trade data to see which countries could be most affected if targeted. The headline takeaway: Germany and Slovakia would be most exposed.

Europe is taking a constructive approach to the influx of Chinese electric vehicles Peterson Institute
Important perspective from Jacob F Kirkegaard piie.com/blogs/realtime…

Mandatory military service significantly increases both the likelihood of crime & the number of crimes committed by young men aged 23-30, The Economic Journal evidence from #Sweden - #NationalService #EconTwitter Economics Observatory res.org.uk/mediabriefing/…

Am 27. Mai 1939 stirbt Joseph Roth. Stefan Zweig schreibt: „Erhalte ein Telegramm, dass mein alter und lieber Freund Joseph Roth in Paris gestorben ist, der wirklich der große Schriftsteller war, aber physisch zerstört durch das Hitlertum. Ich habe ihn wie einen Bruder geliebt.“

People are missing the larger story behind the 'unified Reich' video: It's undeniable that on many fronts, Trump and MAGA are experimenting with how far they can go with overtly fascist/authoritarian modes of politics. It's a test. 1/

New piece from me:
newrepublic.com/article/181843…

Can China attain high-income status on manufacturing alone?
👉Factful Friday 24 May 2024
🔗 linkedin.com/posts/richard-… cc: IMD Adam Posen Peterson Institute Alan Beattie Soumaya Keynes Shawn Donnan Sam Lowe Sarah O'Connor Simon Lester Dmitry Grozoubinski Simon J. Evenett Geneva Trade Platform

House Republicans are gearing up to attack CBO before a Republican-only reconciliation next year.

They don't like the nonpartisan estimates. politico.com/newsletters/in…

Emulating Third Reich imagery and values is sick. And that is what the core Maga Trumpies are doing.
Important from Greg Sargent
newrepublic.com/article/181843…

Instead, David Leonhardt, you used this juxtaposition, which is frankly rhetorically shifty. It implies w/o stating forthrightly that the parole programs led to more efforts to cross the border. A real effort to inform readers would engage w/the goals and true impact of parole. 2/

🧵 The problem with many compounded versions of GLP-1s is they’re a ‘salt’ formulation of the drug and this is likely to be more soluble and not provide the extended release of the weekly, brand versions. So they won’t deliver the expected benefit. 1/3

Smart, timely, beautifully presented migrant policy piece today in Washington Post—

'How America tried and failed to stay White' by Eduardo Porter for @postopinions 💯

washingtonpost.com/opinions/inter…

Here’s the case for applying the fascism concept to Trump/Trumpism: Trump has a fascistic way of describing the problem – and offers a fascistic solution. According to the Trumpists, the country is in decline, threatened by “diseased” outsiders and the “leftist” enemy within. 8/

The idea that leftist forces are laying siege to America and have taken over most major institutions, that a “counter-revolution” is needed to save the nation, forms the core of rightwing political identity and the permission structure that governs conservative politics. 14/