If the Warsh-led FOMC really does bail on public forward guidance, this sort of thing is completely out of line. You could make a case that closed door speeches from FOMC members *in general* shouldn’t be allowed but with much less public forward guidance it becomes a massive credibility hazard.
I would rather see government break up monopolies, loosen IP laws, support public options for education, &c
Just to be clear: Iran won't actually occupy the United States, right?
You can make a career by always predicting an economic crisis. Peter Schiff and Steve Keen spew fear for profit. The formula works. Criticize "mainstream econ" and say a crisis will come. Watch the views roll in. What can we do about it?
George Pearkes
Ted Underwood
Neil Steinberg
My lovely wife instructed me to go write this morning (she knows my happy place) until my tee time with my oldest begins. It’s finally ready. I’m super excited to start promoting this one, but closing the laptop for now. Happy Father’s Day everyone!
I wonder if anyone has applied Mythos to cold cases. We might see a shock to closure rates akin to the introduction of DNA.
Really cool (and somewhat freighting) work on Gen AI use and highschool performance in China. Homework Scores rocket up, time spend doing homework collapses, then predictably exam scores are way down. Results show bimodal response ~75% see scores drop, the other 20-25% keep doing the work.
