James Anderson

Evolutionary Rationalist. Old-whig. 23 y/o. Bullish on M1. Bullish on fiscal deficits. Bullish on the anti-carry regime.

[James Anderson @andersonomic]

@RelearningEcon What about the photos of North African pre-pubescent boys Keynes had in his papers when he died?

[James Anderson @andersonomic]

@simonharley Applied for Royal Marines a couple of years ago. Saw the doctor for growing pains in my knee when i was 9. Medically unfit. Appealed. Medically unfit. Literally ran the 30 miler for fun the day before i got my rejection. Perfectly fit lad gone to the four winds!

[James Anderson @andersonomic]

Why is it speaking to me in parseltongue. Is it marking me for Roko's Basilisk?

[James Anderson @andersonomic]

@meadwaj Do you think that James?

[James Anderson @andersonomic]

@yoloeconomics_ @ProfHall1955 goated.

[James Anderson @andersonomic]

@ColeFusionHQ You do understand cash has to exist in _someones_ account, right? Unless the BOE QT’s back to 1694.

[James Anderson @andersonomic]

I wish all these AI companies were public. Seeing the whipsaw as each releases a new model would be damn entertaining.

[kache @yacineMTB]

It's over, anthropicbros.... We didn't IPO in time

[James Anderson @andersonomic]

Indeed, well said. The ‘bigger we print’ the larger the liquidity crunches and crashes will be, but then the larger and quicker the reflations will be. It’s a widening sawtooth pattern. So if your young like me and can take the vol and have income to buy on dips, just take the vol and buy on dips. If you’re older, then you need some defensive positions (cash, bonds) which will reduce volatility and give you a reserve to buy on dips.

[James Anderson @andersonomic]

@notayesmansecon It’s a lot, lot worse than you think. RPI and CPI are both as theoretically and methodologically flawed as each other, with a large and crippling downward bias. Real rate has probably been 6-10% for the last 15 years.

[James Anderson @andersonomic]

All British political parties’ economic policy is now “Our highly interventionist - essentially central planning - will work, so vote for us”. This implicitly constructivist rationalist philosophy has been alive and kicking in Britain since the ‘30s, slightly dented under Thatcher, but the groundswell was too strong and we are right back there - made worse by covid and now by geopol vol. We need a total intellectual and political change of course akin Adam Smith and the end of mercantilism, although that was a walk in the park compared to this.

[Politics UK @PolitlcsUK]

🚨 NEW: Ed Davey has called for a "GP Guarantee" requiring all housing developers to fund new GP surgeries or expand existing practises

[James Anderson @andersonomic]

@AscendedYield I know the doc well. Claude’s got a real day ahead.

[James Anderson @andersonomic]

@AscendedYield Thanks to JMK and JR.

[James Anderson @andersonomic]

@AscendedYield Let’s not forgot Dalton’s essentially ZIRP. Caused large industrial asset bubble, but lovely seigniorage for the state. Then inflation.

[James Anderson @andersonomic]

@glyphikon Really appreciate that! Thank you.

[James Anderson @andersonomic]

@burnthalies @glyphikon Thank you, Joe!

[James Anderson @andersonomic]

@Falcon0nX The majority of FTSE 100 revenue is sourced abroad.

[James Anderson @andersonomic]

True to a degree.. the structure of production are also “molecules” (or atoms). And when you “solve” private credit corrections with created money, you put atoms (capital) where they shouldn’t be. The Fed can’t print the reality-demanded structure of production.

I know Lyn knows this.. just pointing out.

[James Anderson @andersonomic]

The UK is just consuming its capital base that was built in the Victorian era. This is such a good example. Due to deeply engrained logistical and geographic patterns built when the UK was a superpower, the UK is a hub for global transport. Therefore it’s an easy place to find tax income for the state. But, due to those taxes, we then get no growth, and then we get decline. And then there’s no more tax anyway.

We are governed by individuals with a 5 year time horizon.

[Cut My Tax @CutMyTaxUK]

Air Passenger Duty (APD) is being hiked once again this week, such that 4 adults flying from the UK to New York this Easter in premium economy will pay £1950 between them in APD.

The tax is not just making holidays more expensive & increasing the cost of living, it's also ham-stringing Britain's aviation industry.

1/4