Win Monroe

I'm not even mad, that's amazing.

Gambling only allowed with Big Tony

Trump Admin Pulls Research Funding To Protect Pregnant Women From Domestic Violence Homicide by an abusive partner is the leading cause of death for pregnant women in the U.S. – and researchers are gutted by the sudden cuts.

NEW: The Trump administration pulled funding for research to protect pregnant women from domestic violence, citing it as a “DEI” initiative.

UK houses are not getting more affordable, despite what the data shows It’s not a Christmas miracle, I’m afraid

UK houses are not getting more affordable, despite what the data shows - www.ft.com/content/283b... via @FT

weirdly Bessent has talked about it a lot, but refuses to acknowledge the Fed independence / inflation risk

tariff checks + fed leadership bent on cutting could totally happen

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Please signal boost. Need a wheelchair tech who can help troubleshoot in Silver Spring, MD.

Lobbyist / ex Tory MP Ben Howlett has been done by an undercover sting. As ever, the most revealing thing is how very very cheap it is buy access in British media/politics — and especially how Howlett controls one of the biggest UK pol Twitter accounts!
democracyforsale.substack.com/p/breaking-o...

RIP

**FT GRAD SCHEME**

applications are now open. Incredible opportunity for young wannabe hacks. Spread the word:

job-boards.greenhouse.io/financialtim...

I never eat out bc back in my day you could get a burger for a buffalo nickel

there seems to be a more psychological and behavioral version of this operating at the macro and political level.

In some of the more micro and financial theories of money, it is precisely that the value of money is not something you have to think about that makes it useful as a transaction media (eg buying stuff with stocks would be hard bc the value constantly changes). It's interesting that

Will also add that social media and the state of politics around the world are likely big amplifiers here.

*while averages might be better off, there is also evidence that costs have fallen unevenly across people and in some salient places like housing costs, which we can see in more people living with family longer, lower household formation, etc.

That suggests the kind of mental anchoring you're engaging in here (an evening out is not supposed to be 150) is likely the main culprit. Relatedly, people naturally feel rising wages were earned while rising prices are the result of unjust macro policies.

As people have argued elsewhere: given that (1) people are upset about the "cost of living" and (2) actual income, inflation, and consumer spending suggests they are behaving as they are better off*, it seems people are upset about the price level, rather than inflation or the cost of living.

shutterstock images are the most soulless things on earth. sleek, meaningless business speak crystalized into visual form.

You could maybe even be more general and take Perry Merhling's (and others) somewhat alternative perspective: "the economy is a network of interlocking balance sheets"

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Intriguingly in micro theory I remember learning that it doesn't necessarily hold when path dependence is important. Nonetheless, it does feel like it touches on a lot of economics.

I like this. I think it captures both the economics wisdom of the fallacy of sunk costs and, more generally, one of the main thrusts behind optimization, which drives so much of economic analysis and theory.

Yeah, something about the whole of the parts being more than their sum I think captures a lot of what's important about macro and markets more generally

Surprisingly no explicit mention of supply and demand in articles sample of answers 🧐

Love this question from @robarmstrong.bsky.social. What would your answer be?
on.ft.com/4ivhD7O

World AIDS day. Good day to remember some things are getting better

be the bitch doing something yourself that you want to see in the world