At @phenomenalworld.bsky.social, Andrew Perry helps makes sense of Mamdani’s upcoming budget, by looking at the constraints and opportunities of NYC’s unique public spending model.

Did you guys riff on the gardener in the garden or “market naturalism” at all? Would have loved to be there

Credit where it’s due to Humbert Humbert; as far as pedophiles go, he is much smarter and more charismatic than Epstein.

I assume most conversions happen abroad, that there is not much reason to keep foreign exchange balances within the U.S. financial system, but I wonder if you have a sense of this and whether/how it matters where the currency exchange happens.

🧐

New York City's local public sector has been doing fine, but it's tax system has not kept up with a growing economy. As a result the public sector is, in terms of GDP in the five boroughs, actually shrinking.

Adam Raine’s family is suing OpenAI, so Altman’s lawyers responded by requesting the names and contact info of everyone that attended Adam’s funeral because they are heartless f*cks.

Have you ever been to Bastrop, Texas

Slobodian’s whole point in Globalists is that the neoliberal project was to “encase” markets in law and to naturalize this by claiming state-market distinctions.