Coffee Break: Senate Dems Throw Teetering Trump a Lifeline
Senate Democrats threw a teetering Trump administration a lifeline by folding on the U.S. government shutdown. Let's parse the kayfabe.
Showing 150 articles in Economics
Wednesday MAMLMs: Notes on Zuckerberg’s "PASI" Pivot: From Adtech Moats to "Superintelligence" Moonshot
Killing FAIR, chasing “Personal Artificial Super-Intelligence”: the fast‑second strategy is dead; “PASI” reframes AI as product platform, not plumbing'; Scale AI, TBD Lab, and nine‑figure hires...
Does the Market Know How to Price R&D and Innovation?
For decades, investors and academics have debated whether financial markets properly value corporate innovation.
‘An Indictment of the Trade Union Movement’: Why No One is Organising Seasonal Workers
Farm workers go on unofficial strikes as their temporary visas create barriers to union membership
Top Links 919 US banking deconvergence. Halloween tariff nightmares. When internal combustion peaked & Keynes in China.
Great links, images, and reading from Chartbook Newsletter by Adam Tooze
Links 11/12/2025
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War Is Peace. Freedom Is Slavery. Grocery Prices Are Way Down.
Lying has worked for Trump in the past. Is this a lie too far?
The Trans-Caspian Pipeline Is Resurrected as the U.S. Plots a Return to Central Asia
The Turkish Trojan Horse pressures Russia and Iran on new fronts, but China holds dominant position.
Why Trump’s 50 Year Mortgage Scheme Is an Even Worse Idea Than You Imagined
The Trump/Pulte 50 year mortgage scheme is indeed really bad even before getting to the fact that it would probably increase home prices.
“Regime Change” in Venezuela Is a Euphemism for U.S.-Inflicted Carnage and Chaos
A sadly necessary reminder of what US regime change operations are about. Hint: nothing good.
The False Calm Before Steam: The Index H, Malthus, & the Long Slog, for Growth Was Very Real Before It Became Visible in Average Living Standards
The cliché says nothing happened before 1800. The data say capability rose steadily—only population swallowed the dividends. Replace vibes with an index: average income × √population. Suddenly...
Mamdani's biggest challenges
Socialist priorities aren't going to retain NYC's key industries or bring down its high costs.
Coffee Break: Armed Madhouse – The Future of Elite Forces
The wars in Ukraine and Gaza have exposed a new reality: the battlefield is becoming too transparent, too fast, and too automated for mass, low-skill infantry to survive. In that environment, militari
The Laissez-Faire Experiment by W. Walker Hanlon
A longer version of my book review
The ‘Supercenter’ Effect: How Massive, One-Stop Retailers Fuel Overconsumption − and Waste
To confirm prejudices some of you may habor: supercenters are bad! No wonder retailers love the format.
The Company as a Machine for Doing Stuff
You have the right to work only but never to its fruits.
Do Morons Make Prediction Markets More Accurate?
In the past few years, we have seen the widespread popularity of prediction markets, like Kalshi or Polymarket.
Links 11/11/2025
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Top Links 918 Military contractor buybacks. How Chinese consumer confidence collapsed. From Napoleonic fortress to hotel & Kot d'Azur.
Great links, images, and reading from Chartbook Newsletter by Adam Tooze
Washington and Tel Aviv Accuse Iran of Planning to Assassinate Israeli Ambassador in Mexico Without Showing a Shred of Proof
Here's the kicker: according to the Mexican government, there are no official reports of any such attack.
Republicans Are Damaged by Their Own Cruelty
They’re pathologically unwilling to help Americans in need — and Democrats should hammer this home
Shutdown Has Highlighted Washington’s Retreat From Big Ideas on Health Care
Health care in the US has become too big to fix.
Who Will End Up Paying for the AI Spending Spree?
AI is now so clearly a money burn pit that efforts are already underway to fob the losses off on taxpayers. Is there any way to head it off?
Two Paths for the American Economy
AI Boom or Fiscal Crisis?
A Note: Reitter Translates Marx as He Was
Translation is intellectual engineering: accuracy and consistency are key: choose fidelity. Reading Marx without apocalyptic filters imposed because who he was does not suit present-day purposes…
Coffee Break: Mamdani’s Battle With Entrenched Power Begins
New York City Mayor-Elect Zohran Mamdani won the election, but now his real battle with entrenched power begins.
Russia’s Choices as It Brings Ukraine to the Brink with Electricity War, Takes Pokrovsk
Even with Russia's domination undeniable as its electricity attacks turn off power all over Ukraine, Russia still has complex choices to make.
Top Links 917 Is the US in the midst of a productivity surge? China's social safety net. Scholars v. academics & Building a ruin.
Great links, images, and reading from Chartbook Newsletter by Adam Tooze
Links 11/10/2025
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No Post Today
Temporarily shut down by Team Cave
The E.U. ‘Derisks’ Itself Into Another Disaster
Despite years of supposed preparation, the bloc is now scrambling for rare earths. Will the US have any more success?
Book Excerpt: How Coyotes Found a New Homeland in the East
The explosion of populations east of the Mississippi was made possible by logging and the slaughter of wolves.
Military Moral Injury, Violence, and the Parable of the Guinea Worm
The casual US celebration of violence runs into the reality that those required to inflict it regularly suffer deep inner damage.
I want the Japanese future back!
An excerpt from my book, Weeb Economy.
Is it "Life, Liberty, & Democracy", or Is It "Life, Liberty, & Property"?
Democracy’s failure modes in the age of the Shadow Docket. Trump gives new life and force to the fears of Friedrich von Hayek. Spite-dictated tariffs and funding whims now discipline America’s...
How to improve your media literacy
A practical guide of questions and methods to become more media literate individuals
Chartbook 415 Zohran Mamdani, New York City and the promise to revive social democracy in America.
The election of Zohran Mamdani as the mayor of New York City was a political shock well captured by the tweet of the night:
Links 11/9/2025
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Top Links 916 Homoploutia. China's urban agglomerations. Backing Millei & mangles in Glasgow.
Great links, images, and reading from Chartbook Newsletter by Adam Tooze
The Sunday Morning Movie Presents: The Confessions of Felix Krull (1958) Run Time: 1H 46M
The Confessions of Felix Krull is a movie about a charming, kind hearted scam artist and his adventures.
Showing 40 of 150 articles