Stan Veuger

I don't think enough good things can be said about the people who worked hard to build the political pressure for his and everyone else's release, including senator van hollen. otoh there is no bottom to my contempt for the people who were urging the opposite course of action

Who will calculate the optimal tariffs if Kim Ruhl resigns though?

Conservative DEI is orders of magnitude worse than anything any of them have ever accused liberals of doing.

Hehe

Only 670 to go!

Day in Trump's economy: > Wake up, check the news > BLS: "10 billion new jobs created" > Check my phone to see what today's tariff rates are. > Norway up 20%, Cambodia down 5% > Go to my iphone assembly line job where I make $7.25/hour > Spend next 4 hours putting chips inside phones > Take 15 minute break > Check my shitfartpisscoin holdings > Rugged > Watch the FOMC meeting > FOMC is just Trump > Trump goes on stage and announces he's raising rates from -10% to -5% > Also announces date of Jay Powell's public execution > AI manager scolds me for taking 16 minutes on my 15 minute break > It's only been 12 minutes > Call employee help line to complain > It's also AI > Go home frustrated > Complain to my girlfriend about my job > She's also AI

I think he's best when he focuses on his core strength, finding interesting links

Only way to get anyone to read Misha’s piece!

You are far more tempted to make the absurd Trump=fascism equation, if you start from a silly and simplistic account of “liberal reality”. If instead, we start from the position that modern power - both the capitalist and other kinds - have never had a straight-forward relationship with the rule of law, that idealized models of “regulation” are just that, idealized, that the line between regulation, government and goverance is always blurred, which is why the terms are blurry, then at any given moment the real question is how this awkwardness is being managed. What are the tools? What are the “discourses” and justifications? What passes for a deal and what does not? In this regard, 2008 was indeed a historically significant moment of exceptional governance. To call the “deals” done at that moment merely “useful” rather understates their significance. In political terms, it was clearly a moment of unhinging. But again, by fixating on the exception we should not delude ourselves about the norm. The Trump administration’s governance by bullying is clearly a departure in style, tone and ferocity. But at the same time, it is very much part of a piece with the increasingly crude style of “lawfare” and ad hoc deal-making that characterizes much of American corporate, business and public life today. This extends from the high-stakes divorce to “creditor on creditor” violence and the myriad out of court settlements, which is where so many disputes are “settled”. Isn’t this what high stakes lawyering in the United States today very often consists of? Does the invocation of “law” in the US today not come with a connotation of menace, threat, extortion, ruinous and arbitrary fees, obscure deal-making, hidden clauses, life-ruining nuisance suits, and bizarre somersaults from the freedom of speech to accusations of terrorism.

bizarre, almost tankie-esque argument from Tooze in here. basically saying Trump can't be fascist because America has always been fascist. glib and also self-contradictory adamtooze.substack.com/p/chartbook-...

Here’s the right link: www.aei.org/research-pro...

Immigration!

It may well be that this is what a healthy labor market in the US looks like now.

From @taraelizwatson.bsky.social, @stanveuger.bsky.social
& me: www.aei.org/wp-content/u...

Labor supply growth has come to a screaming halt. This is the emp growth the US can sustain right now.

JUST IN: A federal judge has blocked Secrretary Noem's move to terminate temporary status for Nicaragua, Honduran and Nepaii immigrants, finding the cancelation was likely rooted in "racial animus." storage.courtlistener.com/recap/gov.us...

Oh I know, my complaint certainly not specific to you!

Setting aside that I find this BlueSky habit of not naming Twitter bizarre and a little irritating, for better or for worse they barely touched upon the constitutional issues during today’s oral argument

Here’s the full piece: www.theaustralian.com.au/world/trumps...

Spoke with Joe Kelly of The Australian about the tariff litigation

So far so good to be honest

Trump is getting his way in his global trade war, like it or not When President Trump rocked the economy with an unprecedented attack on global trade in April, the plan was dismissed as swaggering, capricious and unsustainable.

Here is the full piece: www.latimes.com/politics/new...

Some comments from me on our recent "trade deals" in the LA Times

"There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."

How is it that the richest man on earth can share this kind of openly white supremacist and misogynistic trash and it be met with a shrug by the entire US elite?

Between perpetual “national emergency” presidential powers (e.g., tariffs), the Tik Tok ban, and the dismantling of Congressionally established agencies, we are witnessing the slow motion collapse of Congress as a co-equal governing institution

Very bad!

I would rather die than create an account to continue

The Cowardice of Senate Democrats Made Emil Bove’s Confirmation Possible Senate Democrats could have confirmed Biden nominee Adeel Mangi to the Third Circuit last year. They caved to a disgraceful right-wing smear campaign instead.

Emil Bove's confirmation was only possible because Democrats caved to a vile right-wing smear campaign of Adeel Mangi, who would have been the first Muslim appeals court judge, when Biden nominated him for the same seat last year. Absolutely disgraceful. Bove's confirmation is on them, too.

Morning walk

Trump is winning his trade war … but Americans will pay the price Why did the EU trade deal fall flat on Wall Street? One expert says ‘markets have taken TACO a bit too seriously’ as another says the ‘deal still means consumers pay more in tariffs,' Eric Garcia writ...

Some reasons Europe agreed to Trump's trade terms per @stanveuger.bsky.social:
-They're worried about whether Trump will stick by commitments to Ukraine and NATO
-The deal is not comprehensive
BUT:
-Americans might buy lower-quality goods to avoid tariffs
www.independent.co.uk/news/world/a...

I think that Census number is high but not completely out of line with our numbers here: www.aei.org/wp-content/u...

Our estimate of the GDP hit is not close to 1pp though.

That’s a lot of likes already

Wat gaat het nieuwe handelsakkoord tussen de VS en de EU brengen in de toekomst? Er is een nieuw handelsakkoord tussen de VS en de EU rondom de handelstarieven. De handel tussen de EU en Amerika vormt maar liefst 30 procent van de wereldhandel, dus deze deal gaat over veel geld. W...

I was on NPO Radio 1’s “Geld of je leven” earlier today to discuss the EU-US trade deal.

Listen to the segment here (in Dutch):

www.nporadio1.nl/fragmenten/g...