Engels: "Dear Marx. My girlfriend just died. I'm devastated."
Marx: "Dear Engels. Oh, sorry to hear that. Can you send me more money? It'll make you feel better about her death."
Astonishing. "we won't tolerate changes in financing conditions that are not fundamentally justified." Speech full of technocratic hubris that central bankers know "mispricing" and "fundamental" asset value. Too bad hedge funds can't hire them away to make bazillions. Oh wait..
not the message I wanted to send today. after checking our algebra last night, my co-authors and I have just realized this morning that the government's fiscal capacity may be unlimited after all.
From @WSJopinion: The Fed is supposed to have the world’s smartest economists and access to the best financial information. How could they make the greatest monetary policy mistake since the 1970s? https://t.co/4UGqAzUulr
Germany buys Russian gas. Russia uses the money to invade Ukraine. Germany uses the gas to produce electricity and display the Ukrainian flag on buildings.
Let's take selfies to celebrate our good hearts.
Nothing has changed? I don't see anything in the letters about building codes, zoning laws, getting permits, environmental suits, design review, historic preservation. Imagine if Romans had these modern wonders...