Monday, June 30, 2025

Central Banks: Uncertainty Is the Problem, Not Managing the Trilemma

Regain price stability is difficult but doable; the bigger problem facing central banks is economic uncertainty

Links 5/20/2023

Are US Prescription Drug Prices 10 Times Those of Other Nations? Only Sometimes

Misleading fact checking as a way to denigrate figures who regularly challenge the mainstream, here Bernie Sanders.

Could a Far-Right vs Centre-Left Showdown Be the Future of British Politics?

Amid global pressures, a centrist Labour government could face a far-right opposition, with no true reformists in sight

2:00PM Water Cooler 5/19/2023

~ Today’s Water Cooler ~

Senators Ramp Up 14th Amendment Pressure on Biden to Counter GOP Debt Ceiling Brinksmanship

Although the GOP created the debt ceiling, Democrats are culpable for neither challenging its Constitutionality nor using the platinum coin.

Links 5/19/2023

EU Adopts “Pragmatic Approach” To Sharing Its Citizens’ Most Precious Data With US Department of Homeland Security

“The EU’s own top court has ruled on multiple occasions that the USA does not offer adequate privacy protections for non-citizens, yet the Commission and the member states are planning to open up their biometric databases to the [DHS].”

‘Adversarial Actors, Home and Abroad’

Which non-foreign adversarial types do elites have in mind when they promote domestic censorship and news blockades?

‘Market Fundamentalism’ Is an Obstacle to Progress

Why market cheerleaders are bad for you.

2:00PM Water Cooler 5/18/2023

~ Today’s Water Cooler: Open Thread ~

CalPERS Chief Investment Officer Musicco and Son in NBA Playoffs Courtside Seats Next to Billionaire Warriors Owner and Kleiner Perking Partner Joe Lacob. What Gives?

Another case of a CalPERS executive, here Chief Investment Officer Nicole Musicco, making clear they think they are above California law

Links 5/18/2023

Deaths of Despair Now Significant Among the Young

The US cancer of deaths of despair has progressed from less educated middle aged whites to the young of all stripes.

China and the Revenge of the Sanctioned

How US ham-handed use of force and misreadings of key players’ interests, allowed China to suddenly take a leadershp role in the Middle East