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Stephen Kirchner

@insteconomics.bsky.social

Economist in Sydney, Australia. Personal account, usual disclaimers. If you like my short form content, you will just love my long form newsletter: https://stephenkirchner.substack.com/

1,099 Followers  |  2,756 Following  |  596 Posts  |  Joined: 18.12.2023
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Posts by Stephen Kirchner (@insteconomics.bsky.social)

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Statement on the comments from Secretary of War Pete Hegseth Anthropic's response to the Secretary of War and advice for customers

A statement on the comments from Secretary of War Pete Hegseth.

https://anthropic.com/news/statement-comments-secretary-war

28.02.2026 01:24 β€” πŸ‘ 48    πŸ” 10    πŸ’¬ 3    πŸ“Œ 5

I spent yesterday afternoon teaching my students about the Trump AI strategy that Dean largely wrote, with additional material from his substack. This is a remarkable statement for him to make.

28.02.2026 01:59 β€” πŸ‘ 277    πŸ” 75    πŸ’¬ 3    πŸ“Œ 0

There is no equivocation or nuance in Hegseth's statement and policy. He demanded, in his own words, "full, unrestricted access" to a private companies resources and proprietary models. When Anthropic refused, he designated the company as an enemy and enacted economic retribution against it.

27.02.2026 23:21 β€” πŸ‘ 445    πŸ” 111    πŸ’¬ 10    πŸ“Œ 4
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After IEEPA: law and economics Plus, AI versus right-wing MMT; and Australian Q4 GDP growth nowcasts

This week's newsletter: stephenkirchner.substack.com/p/after-ieep...

27.02.2026 20:13 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Supreme Court ruling on tariffs unleashes more than 900 legal challenges Claims for refunds soar after judges rule against Trump administration

Court of International Trade sees hundreds of cases seeking refunds of IEEPA tariff duties paid, with interest www.ft.com/content/365d...

26.02.2026 21:27 β€” πŸ‘ 1    πŸ” 2    πŸ’¬ 0    πŸ“Œ 0
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Takaichi-ism at the BOJ | Japan Daily Briefing Look at Takaichi's picks for the central bank's policy board

Japanese PM appoints fiscal reflationists to the BoJ policy board, including Chuo University economist Asada ToΜ„ichiroΜ„, a heterodox Keynesian who translated Hyman Minsky into Japanese observingjapan.substack.com/p/takaichi-i...

26.02.2026 22:29 β€” πŸ‘ 0    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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Takaichi-ism at the BOJ | Japan Daily Briefing Look at Takaichi's picks for the central bank's policy board

Japanese PM appoints fiscal reflationists to the BoJ policy board, including Chuo University economist Asada ToΜ„ichiroΜ„, a heterodox Keynesian who translated Hyman Minsky into Japanese observingjapan.substack.com/p/takaichi-i...

26.02.2026 22:29 β€” πŸ‘ 0    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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Supreme Court ruling on tariffs unleashes more than 900 legal challenges Claims for refunds soar after judges rule against Trump administration

Court of International Trade sees hundreds of cases seeking refunds of IEEPA tariff duties paid, with interest www.ft.com/content/365d...

26.02.2026 21:27 β€” πŸ‘ 1    πŸ” 2    πŸ’¬ 0    πŸ“Œ 0
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US Treasury Secretary initiated January's yen-dollar rate check: sources Washington was open to coordinated forex intervention if requested by Japan

US Treasury Secretary initiated January's yen-dollar rate check, according to the Nikkei. Bessent being more interested in intervention than the Japanese MoF tells you something asia.nikkei.com/business/mar...

25.02.2026 21:48 β€” πŸ‘ 2    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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US Treasury Secretary initiated January's yen-dollar rate check: sources Washington was open to coordinated forex intervention if requested by Japan

US Treasury Secretary initiated January's yen-dollar rate check, according to the Nikkei. Bessent being more interested in intervention than the Japanese MoF tells you something asia.nikkei.com/business/mar...

25.02.2026 21:48 β€” πŸ‘ 2    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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Discord cuts ties with Peter Thiel-backed verification software after its code was found tied to US surveillance efforts | Fortune Discord cut ties with its age-verification partner after exposed code fueled federal-reporting concerns, months after a breach hit 70,000 users.

AM I SUPPOSED TO BE SUPRISED? IS THERE ANYONE OUT THERE WITH HALF A FUNCTIONING BRAINCELL AND A PULSE THAT'S SUPRISED??
fortune.com/2026/02/24/d...

24.02.2026 15:53 β€” πŸ‘ 4135    πŸ” 1573    πŸ’¬ 174    πŸ“Œ 127
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Hackers Expose Age-Verification Software Powering Surveillance Web Three hacktivists tried to find a workaround to Discord’s age-verification software. Instead, they found its frontend exposed to the open internet.

Hacktivists tried to find a workaround to Discord’s age-verification software, Persona. Instead, they found its frontend exposed to the open internet, and that was just the beginning.

www.therage.co/persona-age-...

21.02.2026 23:40 β€” πŸ‘ 1228    πŸ” 606    πŸ’¬ 25    πŸ“Œ 58
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Trump raises global tariffs to 15% in wake of Supreme Court loss President attacks judges for a second day as he escalates levies from 10%

President Trump ups the section 122 global tariff rate to 15% for 150 days, effectively trashing the 10% deal done with the UK www.ft.com/content/8b1e...

21.02.2026 21:07 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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How β€˜homeland’ put America on the path to illiberalism A phrase from the 1990s altered America’s sense of itself β€” and its political trajectory

"US was historically strongest when it resisted precisely that form of politics" giftarticle.ft.com/giftarticle/...

19.02.2026 21:36 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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SCOTUS decision wipes out nearly three-quarters of Trump’s tariff depredations taxfoundation.org/blog/supreme...

20.02.2026 22:57 β€” πŸ‘ 6    πŸ” 4    πŸ’¬ 1    πŸ“Œ 0
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β€˜Don’t go to the US – not with Trump in charge’: the UK tourist with a valid visa detained by ICE for six weeks Karen Newton was in America on the trip of a lifetime when she was shackled, transported and held for weeks on end. With tourism to the US under increasing strain, she says, β€˜If it can happen to me, i...

Totally appalling way to treat anyone but in this case this woman had not broken any immigration rule at all. And the British consulate were completely and inexcusably useless. Awful and I think deserves some response from the Foreign Office.

www.theguardian.com/us-news/2026...

21.02.2026 06:15 β€” πŸ‘ 351    πŸ” 131    πŸ’¬ 4    πŸ“Œ 14
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SCOTUS decision wipes out nearly three-quarters of Trump’s tariff depredations taxfoundation.org/blog/supreme...

20.02.2026 22:57 β€” πŸ‘ 6    πŸ” 4    πŸ’¬ 1    πŸ“Œ 0
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GORSUCH: β€œ.. permanent accretion of power in the hands of one man. That is no recipe for a republic.” πŸ‘€

20.02.2026 19:59 β€” πŸ‘ 3917    πŸ” 964    πŸ’¬ 317    πŸ“Œ 218
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Killing for Content The Trump Administration cares more about clicks and content than human life.

"The second Trump administration is almost entirely staffed by content creators who want to make content and they are expending your taxpayer dollars as well as the international reputation of the United States of America to do it." www.liberalcurrents.com/killing-for-...

18.02.2026 11:05 β€” πŸ‘ 206    πŸ” 79    πŸ’¬ 5    πŸ“Œ 8
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How β€˜homeland’ put America on the path to illiberalism A phrase from the 1990s altered America’s sense of itself β€” and its political trajectory

"US was historically strongest when it resisted precisely that form of politics" giftarticle.ft.com/giftarticle/...

19.02.2026 21:36 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

Live long enough to see the arse end of a Huntington Wave

18.02.2026 08:35 β€” πŸ‘ 3    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

Live long enough to see the arse end of a Huntington Wave

18.02.2026 08:35 β€” πŸ‘ 3    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

It took almost a decade, but now they have worked it out

18.02.2026 08:23 β€” πŸ‘ 865    πŸ” 63    πŸ’¬ 17    πŸ“Œ 2

The century of humiliation continues

18.02.2026 00:20 β€” πŸ‘ 393    πŸ” 61    πŸ’¬ 58    πŸ“Œ 4
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Russia's humiliating setbacks on the battlefield in Ukraine are balanced by another theatre in which the Kremlin scores effortless victoriesβ€”inside the White House.

17.02.2026 19:31 β€” πŸ‘ 200    πŸ” 86    πŸ’¬ 20    πŸ“Œ 4
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From 2017

17.02.2026 06:47 β€” πŸ‘ 6841    πŸ” 1540    πŸ’¬ 176    πŸ“Œ 59
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The AI productivity take-off is finally visible New economic data suggests the US is transitioning to a phase of measurable gains from the technology

A not very convincing attempt to argue that AI-based productivity gains are already in the data. US productivity has been strong given growth in capital-intensive industries like tech and oil and gas giftarticle.ft.com/giftarticle/...

16.02.2026 07:58 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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The AI productivity take-off is finally visible New economic data suggests the US is transitioning to a phase of measurable gains from the technology

A not very convincing attempt to argue that AI-based productivity gains are already in the data. US productivity has been strong given growth in capital-intensive industries like tech and oil and gas giftarticle.ft.com/giftarticle/...

16.02.2026 07:58 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

The first behavioral economics Nobel was in 2002, for work done in the 1970s.

15.02.2026 19:05 β€” πŸ‘ 34    πŸ” 1    πŸ’¬ 2    πŸ“Œ 0
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The kind of utter confusion Brooks is going to inflict on Yale undergrads.

14.02.2026 17:05 β€” πŸ‘ 1090    πŸ” 139    πŸ’¬ 101    πŸ“Œ 83