Pinned
Kwon Y.
@kwony.bsky.social
· Sep 23
Thinking more about Miran's thesis that falling immigration will lead to falling prices.
Time and time again, expulsion of immigrants has had a net negative impact on the economy.
Perhaps disinflation will come with the resulting economic contraction.
www.nber.org/papers/w33019
Time and time again, expulsion of immigrants has had a net negative impact on the economy.
Perhaps disinflation will come with the resulting economic contraction.
www.nber.org/papers/w33019
Reposted by Kwon Y.
Before the midterms of 1866, President Andrew Johnson called his congressional opponents traitors and said they should be hanged.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
November 20, 2025 at 3:33 PM
Before the midterms of 1866, President Andrew Johnson called his congressional opponents traitors and said they should be hanged.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.
Reposted by Kwon Y.
Seen in Boston, Massachusetts in 1854.
November 20, 2025 at 12:46 PM
Seen in Boston, Massachusetts in 1854.
Reposted by Kwon Y.
Amidst rising unemployment & decreasing immigration, professional forecasters are cutting their estimates for US job growth—projections released today expect the American workforce to be 850k people smaller in mid-2026 than they did six months ago
November 17, 2025 at 11:17 PM
Amidst rising unemployment & decreasing immigration, professional forecasters are cutting their estimates for US job growth—projections released today expect the American workforce to be 850k people smaller in mid-2026 than they did six months ago
Reposted by Kwon Y.
Gotta love how Jon Karl and ABC News had this graphic ready to go *the very moment* that Hassett rolled out his Walmart anecdote.
November 16, 2025 at 7:23 PM
Gotta love how Jon Karl and ABC News had this graphic ready to go *the very moment* that Hassett rolled out his Walmart anecdote.
Reposted by Kwon Y.
if we take it to be true that the tariffs are aimed at getting americans to buy US-made products, then what's the point of rolling them back when they become painful? the entire point is to cause financial pain to change consumer behavior. what's the strategy here?
November 15, 2025 at 1:59 AM
if we take it to be true that the tariffs are aimed at getting americans to buy US-made products, then what's the point of rolling them back when they become painful? the entire point is to cause financial pain to change consumer behavior. what's the strategy here?
The sedentary bandit hypothesis of state formation takes a new turn
"It was tough to beat Apple, but the Swiss did it." said one administration official.
How the Swiss convinced Trump to drop tariffs with gifts of a Rolex desk clock and a 1 kg gold bar.
www.axios.com/2025/11/14/t...
How the Swiss convinced Trump to drop tariffs with gifts of a Rolex desk clock and a 1 kg gold bar.
www.axios.com/2025/11/14/t...
How to lobby Trump with Swiss precision: gifts, gold and gab
How the Swiss broke a diplomatic logjam on tariffs by arriving with tributes fit for a king.
www.axios.com
November 16, 2025 at 2:01 AM
The sedentary bandit hypothesis of state formation takes a new turn
Reposted by Kwon Y.
I don’t think US taxpayers should subsidize treason against the United States
NEW: The DOJ is in settlement talks with Mike Flynn for $50M. They're robbing us blind. www.bloomberg.com/news/article...
Michael Flynn, DOJ in Settlement Talks Over $50 Million Claim
The Justice Department has been discussing settlements with two former officials from Donald Trump’s first term who — like the president — claim they’re owed major payouts from the US government as vi...
www.bloomberg.com
November 15, 2025 at 11:24 PM
I don’t think US taxpayers should subsidize treason against the United States
This guy must think that the Black Death was amazing
Fed Governor Stephen Miran: "Cutting down net migration to 0, potentially even negative because of the deportations that have been occurring, I think is very deflationary."
November 14, 2025 at 8:32 PM
This guy must think that the Black Death was amazing
Reposted by Kwon Y.
Coal-based steel, it’s a dead end! US Steel planning a new coal-free furnace to make iron for their electric arc furnace in Arkansas. www.arkansasbusiness.com/article/us-s...
US Steel Plans New Facility in Osceola
U.S. Steel announced plans to build a new direct reduced iron plant at its Big River Steel site in Osceola, expanding its northeast Arkansas operations under Nippon Steel’s $11 billion growth plan. Th...
www.arkansasbusiness.com
November 13, 2025 at 4:52 PM
Coal-based steel, it’s a dead end! US Steel planning a new coal-free furnace to make iron for their electric arc furnace in Arkansas. www.arkansasbusiness.com/article/us-s...
Reposted by Kwon Y.
Fossil fuel projects around the world threaten the health of 2bn people
Fossil fuel projects around the world threaten the health of 2bn people
Exclusive: ‘Deep-rooted injustices’ affect billions of people due to location of wells, pipelines and other infrastructure
A quarter of the world’s population lives within three miles (5km) of operational fossil fuel projects, potentially threatening the health of more than 2 billion people as well as critical ecosystems, according to first-of-its-kind research.
A damning new report by Amnesty International, shared exclusively with the Guardian, found that more than 18,300 oil, gas and coal sites are currently distributed across 170 countries worldwide, occupying a vast area of the Earth’s surface. Continue reading...
www.theguardian.com
November 12, 2025 at 11:13 AM
Fossil fuel projects around the world threaten the health of 2bn people
This fight is missing the forest for the trees.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
November 9, 2025 at 7:45 PM
This fight is missing the forest for the trees.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
Will is right that the median purchasing power has increased, but people feeling worse off is also justified - not just in vibes but also in improvements to life expectancy that the economy has failed to deliver in recent years.
Reposted by Kwon Y.
The sense of entitlement from these people. Jesus.
Canadian multimillionaire and Shark Tank guy Kevin O'Leary went on TV to say he's upset Zohran won't talk to him: "I and others who invest in real estate have tried to get a meeting to figure out what's rhetoric and what's policy. So far for me it's been crickets."
November 7, 2025 at 7:42 PM
The sense of entitlement from these people. Jesus.
Reposted by Kwon Y.
Real ones also know that the AI industry is already basically getting bailed out (because they’re exempt from the tariffs the rest of us have to pay)
www.apricitas.io/p/the-tariff...
www.apricitas.io/p/the-tariff...
November 6, 2025 at 4:35 PM
Real ones also know that the AI industry is already basically getting bailed out (because they’re exempt from the tariffs the rest of us have to pay)
www.apricitas.io/p/the-tariff...
www.apricitas.io/p/the-tariff...
Reposted by Kwon Y.
10th month in the reign of the degrowth king
CNN: "A brand new report is out showing layoff announcements hit their highest level for October in over 20 years. It's painting a picture of a job market that is really hurting. US-based employers announced 150,074 job cuts in October, more than any October since 2003."
November 6, 2025 at 5:15 PM
10th month in the reign of the degrowth king
Reposted by Kwon Y.
Still thinking about Zohran’s full-throated defense of immigration and how long i’ve waited for it. No bullshit about border security or “legal” immigrants but just unabashed support for immigrants. How many people feel so much more seen today? I know I do. 1/
November 5, 2025 at 1:38 PM
Still thinking about Zohran’s full-throated defense of immigration and how long i’ve waited for it. No bullshit about border security or “legal” immigrants but just unabashed support for immigrants. How many people feel so much more seen today? I know I do. 1/
Lol sounds like a racist from 1800 talking about the Irish or 1900 talking about Italians in NY.
November 5, 2025 at 6:24 PM
Lol sounds like a racist from 1800 talking about the Irish or 1900 talking about Italians in NY.
Reposted by Kwon Y.
From #AHAPerspectives in April: "Since the 19th century, US government actions have led to drastic changes in international trade and finance," @nelsonhist.bsky.social writes. "And in all four cases, the result was not recessions but depressions." 🗃️
Radical Tariffs Aren’t New, But They Have Been Disastrous
In four cases, tariffs have led to depressions in US history.
www.historians.org
November 5, 2025 at 6:21 PM
From #AHAPerspectives in April: "Since the 19th century, US government actions have led to drastic changes in international trade and finance," @nelsonhist.bsky.social writes. "And in all four cases, the result was not recessions but depressions." 🗃️
Reposted by Kwon Y.
"And we will build a city hall that stands steadfast alongside Jewish New Yorkers and does not waver in the fight against the scourge of antisemitism... Where the more than one million Muslims know that they belong."
This is the kind of solidarity we need.
This is the kind of solidarity we need.
Mamdani: "We believe in standing up for those we love. Whether you are an immigrant, a member of the trans community, one of the many Black women that Donald Trump has fired from a federal job ... your struggle is ours too."
November 5, 2025 at 4:50 AM
"And we will build a city hall that stands steadfast alongside Jewish New Yorkers and does not waver in the fight against the scourge of antisemitism... Where the more than one million Muslims know that they belong."
This is the kind of solidarity we need.
This is the kind of solidarity we need.
Reposted by Kwon Y.
Reporter @virginiagewin.bsky.social interviewed 19 current and former US federal agency scientists about the science being dismantled at EPA, NOAA, NASA, CDC, NIH, & USGS.
They say it's making America unprepared for environmental and public health crises.
www.nature.com/articles/d41...
They say it's making America unprepared for environmental and public health crises.
www.nature.com/articles/d41...
Dismantling of US federal agencies will ‘destroy science’
From NASA to the National Institutes of Health, federal agencies conduct research that universities cannot. Agency scientists speak out about the irreplaceable facilities, institutional knowledge and ...
www.nature.com
November 4, 2025 at 12:21 PM
Reporter @virginiagewin.bsky.social interviewed 19 current and former US federal agency scientists about the science being dismantled at EPA, NOAA, NASA, CDC, NIH, & USGS.
They say it's making America unprepared for environmental and public health crises.
www.nature.com/articles/d41...
They say it's making America unprepared for environmental and public health crises.
www.nature.com/articles/d41...
Reposted by Kwon Y.
This Day in Labor History: November 4, 1942. Copper miners in Butte, Montana went on strike to protest the use of Black miners on the job. Worse, these were members of the leftist Mine, Mill. Let's talk about hate strikes and white workers again choosing their racial identity over class identity!
November 4, 2025 at 1:46 PM
This Day in Labor History: November 4, 1942. Copper miners in Butte, Montana went on strike to protest the use of Black miners on the job. Worse, these were members of the leftist Mine, Mill. Let's talk about hate strikes and white workers again choosing their racial identity over class identity!
Reposted by Kwon Y.
Wow shocked 2 learn Tariffs Not Only Impose Immense Economic Costs but Also Fail to Achieve Their Primary Policy Aims and Foster Political Dysfunction Along the Way
November 4, 2025 at 2:32 AM
Wow shocked 2 learn Tariffs Not Only Impose Immense Economic Costs but Also Fail to Achieve Their Primary Policy Aims and Foster Political Dysfunction Along the Way
Reposted by Kwon Y.
The welfare state is about dignity, equality, and making people not poor, but as @itsafronomics.bsky.social says/cites here, it’s often also an investment that more than pays for itself
Why should you 🫵🏿 care about SNAP? SNAP recipients saw:
- Improved life expectancy
- Lower chance of incarceration
- Lowers chance of poverty
- Lived in better neighborhoods
- Higher human capital
SNAP keeps our neighbors fed, communities safer, and kids educated. Also people are HUNGRY. DUH!
- Improved life expectancy
- Lower chance of incarceration
- Lowers chance of poverty
- Lived in better neighborhoods
- Higher human capital
SNAP keeps our neighbors fed, communities safer, and kids educated. Also people are HUNGRY. DUH!
November 2, 2025 at 3:58 PM
The welfare state is about dignity, equality, and making people not poor, but as @itsafronomics.bsky.social says/cites here, it’s often also an investment that more than pays for itself
Reposted by Kwon Y.
Cruelty is the point.
The USDA sent an email to grocery stores telling them they are prohibited from offering special discounts to customers affected by the SNAP funding lapse.
I'm aware of at least 2 stores that had offered struggling customers a discount, then withdrew it after receiving this email
I'm aware of at least 2 stores that had offered struggling customers a discount, then withdrew it after receiving this email
November 2, 2025 at 7:53 PM
Cruelty is the point.