Same thing. Money is fungible.
Whatever money West didn't have to spend getting on ballot access he could spend attacking Harris.
@mikefellman.bsky.social
Economist. Real Estate. Investor. Hispanohablante. Puerto Rico Statehood. Fide FM/USCF NM
Same thing. Money is fungible.
Whatever money West didn't have to spend getting on ballot access he could spend attacking Harris.
Mark, you campaigned with Harris but were also giving money to another candidate?
Do you realize how fucked up that is?
What in the actual fuck?
You were on the campaign stage with Harris while simultaneously giving money to other candidates?
All through the 19th century, cause cΓ©lebre cases of Antisemitism would dominate the headlines.
European political leaders, be they elected or monarchs, would cynically condemn the injustice while simultaneously passing/supporting antisemitic laws in they own countries.
As far as I can tell, not a single Republican in Congress has said a word about Trump using the antisemitic slur "shylock" at a rally yesterday. I wonder how quickly someone like Rep. Elise Stefanik would speak out if someone on a college campus had said it.
04.07.2025 14:46 β π 799 π 146 π¬ 26 π 4Look, I hate Trump but the Social Security Trust Funds are accounting tools.
"Insolvency" is a statutory issue. Meaning it's a matter of appropriating the funds.
They are an intra-government account. They have no bearing on the economic ability to pay benefits.
It was discussed at length and the drafters of the 14th understood they were granted citizenship to children born to immigrant parents regardless of their status and said so at the time
27.06.2025 22:59 β π 2 π 1 π¬ 0 π 0You wouldn't like German.π
27.06.2025 22:56 β π 0 π 0 π¬ 0 π 0When people ask me who I blame for the Israeli Palestinian conflict, I always surprise them.
It's Germany, Russia, and to a much lesser extent, the UK.
Yes vacancy rates push down rents. It's why investors will never intentionally push up vacancy rates to a point where rents crash and their projects become non-viable.
It's not a matter of anti-trust or collusion. Permitting data is public record.
Thanks, private equity. π
14.04.2025 00:10 β π 0 π 0 π¬ 0 π 0Nitpick on an otherwise informative thread, but this graphic implies that Nike can pass on income taxes it pays to consumers which is not true.
11.04.2025 20:25 β π 0 π 0 π¬ 0 π 0Sorry folks. Electing judges is grotesque.
02.04.2025 04:16 β π 4 π 1 π¬ 0 π 0The trend line with Poland and Czechia is almost the exact same. That might change going forward.
31.03.2025 19:53 β π 0 π 0 π¬ 0 π 0Anne, not defending Orban but his strong economic record is a huge reason he has been able to hang onto power.
Hungary's GDP per capita PPP has been catching up with Western Europe for 30 years. The gap is closing, and this trend has accelerated under Orban.
It's insane that the US would recognize Morrocan sovereignty over Western Sahara, unending decades of precedent, merely in exchange for recognizing Isrsel.
As the Sen Inhofe said, it "bargains away the rights of a voiceless people. "
2/2
Unpopular opinion:
The Abraham Accords were a mistake.
1) It rewarded Israel for not annexing territory. Eg, for not doing a bad thing that it should not have done anyways.
2) It allowed Morroco to illegally annex Western Sahara in exchange for formal recognition of Israel.
(1/2)
ππππππ
28.03.2025 14:54 β π 0 π 0 π¬ 0 π 0Aside from that very narrow category prices don't decline.
Short of a great depression, you'll never get a secular decline in rents or home prices. Homes are built by US labor which costs way more than labor abroad, and, home construction is not vulnerable to automation.
(2/2)
Folks, we live under a monetary regime with built in increasing prices. Trust me, it's better than the alternative.
Durable goods prices are the only category that has fallen in price and that's because we shifted to foreign labor that makes 1/100th as much as Americans. (1/2)
Of course everyone wants to build houses when prices are high. But that won't be the case anymore if prices actually fall.
Starts exploded in the 2000s during the RE bubble.
Then imploded once prices declined by 35 percent.
(2/2)
Dubler blocked me too.
But price increases tend to drive investment in residential construction.
Where the YIMBY movement goes wrong it that it does not understand what "supply" means in economics.
It's not a quantity, it's a function that maps prices to quantities. (1/2)
It's more subtle than that.
Price increases, either for rent or to buy, is the biggest factor that drives private sector residential investment.
Construction activity is the highest when prices are the fastest.
The fact that the YIMBY movement has collectively memory-holed the Japanese Lost Decades is genuinely hilarious.
27.03.2025 04:27 β π 1 π 0 π¬ 0 π 0Nobody supports in Gree y annexation to the US but it's notable that a Greenland will have a unionist PM for the first time ever.
26.03.2025 23:43 β π 0 π 0 π¬ 0 π 0They upzoned the Nikkei too. π
24.03.2025 00:58 β π 1 π 0 π¬ 0 π 0Also, watch James' video on Scotland here.
youtu.be/6Lo-dRC49_s?...
@jameskerlindsay.bsky.social
19.03.2025 03:24 β π 0 π 0 π¬ 1 π 0The pound doesn't work for Scotland without the fiscal union with the rest of the UK.
The Euro does not solve this problem. The Euro would not depreciate against the Pound to absorb the negative fiscal shock Scotland would suffer upon independence.
Only a Scottish currency has a chance to work
One of the oldest arguments against giving any rights or process to the people we accuse is β one constantly βrediscoveredβ by the shallow and the dim β is βwell they didnβt give their victims any rights or process.β
Thatβs fatuous.
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