Henry Snow

Trump Will Remake the Fed. Lower Rates Are Just the Start. President Donald Trump wants the Federal Reserve to cut interest rates by a lot, quickly. He will get that, and probably much more, under the next Fed chair.

I sum up what's coming for the Fed this way: It's headed in the direction of the Supreme Court. Polarization will be the new norm. Unanimous decisions will give way to 7-5 votes. Fed seats will become objects of intense partisan interest. It will be very different.

Hope you'll read.

it's such a good book

have definitely shared this one before and while it appears in my book it has appeared in others but I do add meaningful additional context from her reflections on the episode

Fun Perkins fact, she once told the chairman of General Motors he was going to go to hell for lying about negotiating with striking workers in Flint

will it get down to zero soon after? hopefully not! i'm going to start new writing immediately after edits on the monograph are done (if i don't write I wither and die, and the newsletter just isn't enough) but i don't know if i will have the resources after this year for book 3 to happen

had been very careful to avoid simultaneous work by juggling deadlines carefully, but peer review timing on the monograph happened to cause them to run into each other. thankfully i had very generous peer reviewers and i'm much happier with the monograph with the changes

after weeks of whiplash i am officially back to working on only one book project at a time

oh yes thank you, see every time I learn about this I somehow soon forget it's really that ridiculous

what I wouldn't give for a governor who just raises taxes to actually pay for things

also, and it's a remarkably hard point for some people to digest: there is no interdisciplinary work without disciplinary training

doing final ish edits on two books at the same time is fun but emotionally exhausting. I have never made such a volume of small but consequential and permanent decisions in such a short timespan ever before

yes! if this isn't a betrayal it's because we have already assumed that it's ok for the user-software relationship to be adversarial. we don't accept this elsewhere-- the grocery store can't mildly poison me to save money-- and shouldn't here

feels like they accuse anyone who cares about Palestine of being particularist in part because of how terrifying internationalism is to them. for people who don't care about anyone, being asked to care about everyone is unthinkable, alien

they can't imagine others being less cynical than they are

apropos of nothing

tragedy then as farce then as... uh... can't get fooled again

56. Of course, labor history is more than union history. The Greatest Strike in American History was, of course, the mass walkout than hundreds of thousands or millions of enslaved persons undertook during the Civil War. It broke the back of the Southern economy.

quoted text is from Andrew Sardanis's memoir Zambia: The First 50 Years

two copper producing countries with left-wing leaders that take very different paths through neoliberalism and end up in not dissimilar difficult places

i'm not the person to do it-- the zambia stuff in my work is only in my wheelhouse for specific thematic reasons and I'd be doing African history a disservice if I claimed to be anything close to an Africanist-- but somebody should really write a comparative history of Zambia and Chile c. 1965-1975

Text reading: But the most damning aspect of the government’s folly was that it paid $231 million when it could have bought the bonds on the market for just $110.88 million, thus saving the country $120.12 million instead of making a present of it to Rowland and his friends, and possibly to some residual bondholders who had held on to the bonds they bought when they were placed on the market. (It was mentioned at the time that one of the major British universities was amongst those buyers.) I calculated the residual value of the bonds as follows: as the total Kwacha value of the bonds issued in 1970 was K209 million and the cost of the redemption was K149.4 million, it follows that the government had already paid instalments totalling 59.6 million or 28.52 ngwee per bond leaving a balance of 71.48 ngwee as the full redemption value. This means that converted to American dollars at the rate of K1 = $1.55 reported by the Bank of Zambia as the rate of the period, the government paid $1.10 per bond outstanding while their market price was 48 American cents. In other words it could have bought the bonds at 48 American cents each but was bluffed by Rowland and paid $1.10! I have not been able

gut-wrenching economic mismanagement here (Zambia in the early 70s)

I’m in MOTL again (I know a guy there) writing about an amazing artifact of correspondence between W.E.B. Du Bois & a Christian monetary reformer.

I tried to unpack the historical context behind the eccentric letter of Du Bois’s dismissive response, but I am sure there’s so much more to say.

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Senators who voted for the reso

Merkley, King, Sanders, Heinrich, Durbin, Murphy, Warnock, Shaheen, Markey, Van Hollen, Murray, Kaine, Reed, Warren, Blunt Rochester, Baldwin, Klobuchar, Kim, Ossoff, Smith, Hirono, Duckworth, Alsobrooks, Whitehouse, Luján, Welch, Schatz

Reminder that the US has a signed and ratified trade deal with Korea that an international treaty & part of US law, & <everything> here is wildly illegal & we should stop sanewashing & normalizing of it & simply enforce the damn law even for this One Special Boy.

between Brown and Korea I'm so sick of every day featuring another dumb/evil "deal" with the president, as if each calendar date is another birthday party for a prince without object permanence

And that's this month's premium post on the newsletter! Heritage is making war on our healthcare and schools. Decades of support for autocracy abroad should have warned us.

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Hearing in groupchats that the language here on gender is much worse than the Columbia settlement

the Heritage Foundation's logo-- ordinarily a blue bell with the words 'The Heritage Foundation"-- but parodied in red, with a black background, a cracked bell, and blood dripping from the d in 'foundation'

in case you're on the wrong device and the thumbnail comes out wrong

forgive the "graphic design is my passion" attempt at a share image

And that's this month's premium post on the newsletter! Heritage is making war on our healthcare and schools. Decades of support for autocracy abroad should have warned us.

buttondown.com/anotherway/a...

Nothing says “Palestinian statehood is an inalienable right” like “We will continue to alienate Palestinian sovereignty to their genocidaires if they just tone down the killing a bit.”