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🔥 Top post: This gets amazingly little attention: In the greatest "real-worl · 13 likes + reposts
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This gets amazingly little attention:
In the greatest "real-world" global supply and production shutdown "shock" since...ever? U.S. households' equity wealth … ~doubled.
Explain.
(Those equity assets are 87% held by the top-10% of wealthholders, top 20% of income recipients.)
Each of these has an entry for equity holdings. Would need to add them up. I think ~$10T total, out of $95T in equities outstanding.
Or put another way, “as long as Trump doesn’t do X, he’s safe.”
Hey Steve, in your further research understandings, is there some narrow legal pathway whereby the scenario here could result in a criminal indictment (and conviction)?
The SCOTUS immunity decision is this simple:
https://drafts.interfluidity.com/2024/07/03/no-longer-a-liberal-democracy/index.html
1. "If a President orders the armed forces to shoot at protesters, it would still be an unlawful order. Bu…
The key diff between Liberals and Conservatives?
Cons think (and act as if) we're always in single-round Prisoner's Dilemma games.
Libs think it’s multi-round, endless.
The Cons’ game forces everyone to act as if they’re right.
Cooperatio…
New post up at Wealth Economics.
Ten Fundamental Economic (Mis)understandings
It's all about the words…
https://open.substack.com/pub/wealtheconomics/p/ten-fundamental-economic-misunderstandings
As a devout atheist, I’m a Very Big Fan of the Beatitudes of Jesus (Matthew 5:3-12, Luke 6:20-26).
Which makes me wonder why self-styled "christians" are so steamin' hot 'n bothered to put the OLD testament Ten Commandments in schools.
ht…
New post at Wealth Economics:
The “Wealth Effect” on Spending from Stock-Market Price Runups
A 1% increase in wealth increases spending, GDP, by about 0.2% over the next year. And the next...
https://shorturl.at/CP4gr
In 2023 for the first time, new billionaires got more of their wealth from inheritance than from property income. (Labor income, feh. That's for suckers.)
https://forbes.com/sites/maryroeloffs/2023/11/30/new-billionaires-inherited-more-th…
A pretty awesome post at the other place.
https://twitter.com/Lesdoggg/status/1749915271048143272/history
Reply to Kavanaugh.
If one element is 1. loudly and broadly claiming there is smoke/fire in a crowded movie theater when there is not, and 2. threatening to ignite such a fire, and actually doing so, then restricting that element's speech …
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