Marvin the Martian

[Marvin the Martian @MarvintheMmd]

'Progressive-palooza': Sanders, Warren, Pressley stump for Sen. Ed Markey. Old man smells https://t.co/ZtIJYNrxpS

[Dan Hill @dandinohill]

You know what's frustrating? The Republican Congress has almost completely wasted the House, Senate, and Presidency trifecta that the voters gave them in 2024

Most of them deserve to be voted out.
But sadly - the Democrats are MUCH WORSE.

So we will have to hold our noses and re-elect the RINOs (most of them) who we didn't get rid of in the primaries.

[Marvin the Martian @MarvintheMmd]

@Godfatherparte2 Pay them a decent way cheapskate

[Kurt S. Altrichter, CRPS® @kurtsaltrichter]

Since 2006, federal debt is up $32 trillion. The economy that has to service it is up $19 trillion.

Debt is nearly 5x, GDP barely 2.5x. Public debt went from under 40% of GDP to 100%, and the CBO says 175% is next.

Washington has to keep selling that much new paper into a market that already owns too much of it. That is why long rates stay high no matter what the Fed does, and why the money printer is the only exit left.

[Miranda Devine @mirandadevine]

Less than two weeks until the 25th anniversary of 9/11.

[Stacy is Right @PoliticalStacy]

Nah, bitch. We ain’t.

[Chris Freiman @cafreiman]

Your periodic reminder that the middle class is shrinking because many Americans are getting too rich to remain middle class:

[Global_Macro @Marcomadness2]

A lost decade in bonds well under way

[Marvin the Martian @MarvintheMmd]

@RepDeborahRoss The entered illegally!

[K. Seth @K_Seth1]

These are the same goat fucking Muslims who put Mamdani in office for the freebies, no tickets, no rules, everyone covers for everyone. Same playbook as London and it's coming to Michigan next. These are the people who destroyed Europe and the UK and it's happening right in front of our eyes. And There are a lot of Pakistanis in that crowd selling fake visas for $60,000. Of course, that’s just the sticker price, the actual price is much less. ICE and the FBI need to clean this up. Where's the swamp draining? Ask your politicians that in November. This is London. Fuck Islam. 🐷👇

[Benjamin @BenjBenAvraham]

@NateFriedman97 In the future , the American army may have to take back New York.

%12 of NYC should not be Islamic. That is just wrong.

Remember your enemies.

[Katie the Lunch Lady @KatieLunchLady]

@NateFriedman97

[ElizaJ @MissDanger_3]

@NateFriedman97 @MagaMalinois

[Ron S. Friedman @RonSFriedman]

Why Western civilization is in decline.

[AskLivermore @asklivermore]

The Shiller CAPE ratio is at 42.2x. The only time it was higher in 154 years was the dot-com bubble at 43.8x.

But here's the thing most people get wrong: the CAPE can stay elevated for years. It crossed 25x in 1996 and didn't peak until 2000.

What the CAPE actually tells you is not WHEN to sell. It tells you WHAT your forward returns will look like. When CAPE is above 40x, the S&P 500 has averaged +2.3% annually over the next 10 years. When it's below 15x, it averaged +10.7%.

You don't have to sell. But you should know what you're buying into.

The CAPE ratio measures how expensive the stock market is relative to the last 10 years of inflation adjusted earnings. Think of it as a price tag on the entire market. The higher the number, the more you're paying for each dollar of earnings.

[The Conservative Alternative @OldeWorldOrder]

J.R.R. Tolkien did NOT like Leftists.

"Beware! All Leftists are anti-philology!"

He warned that Leftists try to weaponize language, by changing the meaning of words.

And it's still happening today! The Leftists even tried to change the definition of the word 'woman'...

[Saifedean Ammous @saifedean]

No, it can't. The problem of socialist calculation is the absence of property rights, as Mises explained, not knowledge, as Hayek put it. Without property rights, there is no possibility of calculating profit/loss with real opportunity costs for an actual owner who reaps the benefits of correct plans and suffers the consequences of wrong plans. Hayek's fluffy talk about knowledge is nice and catchy, but ultimately unrigorous, imprecise, and confusing. No matter how much knowledge you give to a computer, it cannot perform economic calculation on capital that is not owned, whose loss doesn't cost anyone anything and whose success doesn't provide profits to anyone. Socialists have been getting overexcited about every single advance in computer technology for a century, thinking it will finally provide them the tools to defeat Hayek, but the only thing that ever worked for them is private property, in other words, moving away from socialism. The only way to make socialism work is to kneel before Mises and allow property rights and let property owners perform economic socialism. In other words, the only way to make socialism work is to stop it from being socialist. The issue is not about the size of knowledge. This is why Amazon can successfully plan for hundreds of millions of workers, suppliers, and customers, but socialism fails in a tiny country like Estonia. Amazon, and everyone involved with it, have property rights and can perform economic calculation. A minister in socialist tiny Estonia has no property rights and so cannot perform economic calculation.

Hayek may be nice to read in the early phase of your learning economics and recovering from Marxist, Keynesian, and Friedmanite nonsense, but he is no substitute for the real deal: Mises, Rothbard, and Hoppe.

I discuss this in detail in my Principles of Economics, and you can see the full lecture based on the chapter on https://t.co/nmpkx2G9dn

[Daniel Steinmetz-Jenkins @daniel_dsj2110]

FT: “Imagine a super-AI armed with access to all the data we let our devices record for every transaction we enter into….Such an AI would surely bury Hayek… it shows that AI removes one of the 20th century’s strongest arguments against central planning.” https://t.co/7mpfVlIs9f