Daniel McDowell

LOL

Average @mlb.com fan having a conversation about the trade deadline with a @cleguardians.com fan.

Hey @mlb.com: I now get to explain to my kids that one of their favorite players is suspended because of gambling. Meanwhile, every game we watch is full of ads trying to convince my kids that they should bet on the sport. Your decision to get in bed w/ gambling is ruining the sport. Rethink this.

Trump: It looks like it’s about $3.1 billion

Powell: I’m not aware of that.

Trump: It just came out

Powell: You just added in a third building

Trump: It’s a building that’s being built

Powell: It was built five years ago.

Periodic reminder that this shirt was a gift from @danielmcdowell.bsky.social & you, too, can order one!

a man with a very large head is standing in front of two other men ALT: a man with a very large head is standing in front of two other men

"To prevent the coup plotters from destabilizing the regime, the regime should step aside and give control of the country to the coup plotters."

This is some wizard logic here, folks.

In brief, the argument is: "To protect the Fed's independence, Powell should cave to political pressure."

Never mind that doing so would *literally mean* the Fed is not politically independent, but what do I know?🤷‍♂️

9-yo watching an old game show from 1988: "Dad, is this from like 1956?" 😆💀

"Listen bro, I don't have motivation. I have discipline."

Ukraine's 2x undisputed heavyweight champion, Oleksandr Usyk, with an inspirational post-fight quote that will have to find a home on my office wall somewhere.

Oh puh-leez

My thanks to @dandrezner.bsky.social for reviewing my book in @poppublicsphere.bsky.social

www.cambridge.org/core/journal...

Sabrina Ionescu! 🏀3️⃣😮

Do Markets Value Fed Independence? An Event Study.

YouTube video by NBC News President Donald Trump Nominates Jerome Powell For Federal Reserve Chair | NBC News

youtu.be/UiuMpDjjLZw

😆😆😆

You just named the sequel, Brian! hot dog!

"How to dismantle a reserve currency."

Congratulations, Lamis! Really neat research.

The groundwork is being laid for a completely unprecedented (and unjustified) removal of Powell.

Best part of vacation was showing my children no mercy at the rental's foosball table.

"How to dismantle a reserve currency."

YouTube video by MLB DET@CLE: Crisp legs out an inside-the-park homer

20 years ago today I watched Coco Crisp hit an inside-the-park homerun from bleachers in Jacobs Field.

www.youtube.com/watch?v=Haib...

Checking in on academics in mid-summer.

Here's a timely read by Bob McCauley on US Treasuries losing their "specialness"

cepr.org/voxeu/column...

Eventually, you have to act like you want the job of reserve currency issuer. And there's the rub: it's not clear the current admin wants the role (at least not to the current extent).

To paraphrase Jeffry Frieden--Issuing the world's reserve currency is a choice, not a fact.

"Yah, but there's still no alternative to the dollar."

True. And yet, this is a poor (& I worry unsustainable) defense of status quo $ dominance.

Trust in the $ was hard earned. You can cruise on a good reputation for a while, but the benefit of the doubt is not infinite. 1/2

"It depends on what your definition of obliterated is."

🧵The #nippon #ussteel “golden share” arrangement is now clearly articulated in #USSteel recent SEC filing: www.sec.gov/Archives/edg...