Thorvald Grung Moe

Former central banker; Research Associate Levy Economics Institute, Bard Collage. Have also worked for the Norwegian Treasury, IMF and the World Bank.

[Megatron @Megatron_ron]

BREAKING: 🇺🇸🇵🇭 Protesters breached police barricades in Manila, advancing toward the US Embassy.

The demonstrators are demanding the US troops to be kicked out and opposing the expansion of US military bases in the country.

[Peter Cronau @PeterCronau]

Oh gee, another coincidonk!!

Just after Indonesia says ‘NO’ to US military flight access over Indonesian territory, guess what, US funded student groups start up street riots again.

Just like clockwork.

This time the theme colour is YELLOW — for this latest in orchestrated US-sponsored Colour Revolutions!

Watch for more reporting of the ‘chaos’ in Indonesia, until the US gets its own way and gets its flight access — so it can squeeze the Malacca Strait closed to choke Chinese trade.

https://t.co/E6P5y96hRn @abcnews

[Peter Cronau @PeterCronau]

Publishing journalism in not a crime. Every journalist should be alert & alarmed - as the publisher #WikiLeaks’ editor #Assange is now charged for working to publish military secrets of war crimes & civilian deaths. So will editors of ABC, Guardian, Age, SMH, NYT, etc now follow?

[Christiane Amanpour @amanpour]

“A geopolitical Chernobyl.” That’s the stark assessment of the US-Israeli war with Iran, from France’s former prime minister Dominique de Villepin. “What we see is a meltdown of the core reactor that is the US leadership.”

[Craig Murray @CraigMurrayOrg]

The Dover Strait is exactly that in international law. A strait.
The British Navy has just - absolutely illegally - pirated a Russian oil tanker engaged in free passage through the strait.
Total hypocrisy. And "shadow fleet" has no legal meaning, it is purely propaganda.

[Joseph Haboush @jhaboush]

President Trump to Axios on Israeli strike in Beirut this morning: “Why did Bibi have to do a fucking attack? I was so pisseed off. I let him know. He has no fucking judgement. I let him know that”

[Thorvald Grung Moe @finstab]

Just very scary; seems to be void of a moral compass

[Arnaud Bertrand @RnaudBertrand]

The worst part is him saying the strike on the elementary school in Minab (that killed 168 schoolchildren and teachers) "is a use case that doesn't even violate our red lines."

[Branko Milanovic @BrankoMilan]

I simply could not believe it when right in the middle of the first half of the Mexico-South Africa game, a bunch of commercials appeared out of nowhere. Football is getting lower and lower. VAR breaks the flow of the game; players and the public wait for minutes to find out what happened; now players stand aimlessly around until the commercials are finished.
Shameful performance by FIFA.

[Amir @AmirAminiMD]

What Iran definitely realizes, but should constantly remind itself and the world of, is that it is now in a position of power unimaginable just a few months ago.

A position that has the potential to shift regional and global dynamics, end many conflicts, and save millions of lives.

A position that is the outcome of a chain of catastrophic mistakes by Iran’s sworn enemies -mistakes that, if reversed, will never be repeated again.

This position of power and this humiliation for Iran’s enemies will not be accepted by those who only understand the language of power.

As much as it pains me to say this, there will be no peace in this world through diplomacy. Not in a world still run by these people.

Diplomacy is dead. It was betrayed and murdered by the US and its partners in crime in Europe and elsewhere. Not once, but dozens of times.

The only remaining option to ensure long-lasting peace and stability for Iran and the world is deterrence -not aggression, but power.
And Iran has shown that it has both, the ability and the resilience, to reach that goal.

The sooner the better.

[William Dalrymple @DalrympleWill]

Trevor Philips is neither sharp nor fearless: he is one of many second-raters who are being given rapid promotion by Bari Weiss because of his long record of making hostile comments about Muslims (for which he was suspended by Labour, until Keir Starmer, who shares his views, cancelled the enquiry) as well for justifying Israel's mass-slaughter of Palestinians. On the contrary, there is now no quicker route to advancement than to espouse such prejudices and to air them in sink holes like the Telegraph

[serbestiyet @serbestiyetweb]

Meksika’daki açılış maçını dev ekrandan izleyen Devlet Başkanı Claudia Sheinbaum, neden stada gitmediğini anlattı:

“Estadio Azteca'da bir bilet 120.000 peso! Bu parayı kim ödeyebilir? Bana verilen 001 numaralı bileti, futbolu seven ama gücü yetmeyen Veracruzlu genç bir kadına hediye ettik. Meksika halkını ondan daha iyi kim temsil edebilir?“

[Izabella Kaminska @izakaminska]

Well summed up by Glenn. I remember this period well and it was exactly like this.

[Olivia Chowdhury @Oliviacoder1]

Two economists just published a mathematical proof that AI will destroy the economy.

Not might. Not could. Will — if nothing changes.

The paper is called "The AI Layoff Trap." Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled.
The conclusion is one sentence.
"At the limit, firms automate their way to boundless productivity and zero demand."

An economy that produces everything. And sells it to nobody.
Here is how you get there.
A company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself.

Because the workers who were fired were also customers.
When they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation.

The loop has no natural exit.
The researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements.
Every single one failed in the model.
The only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger.

No government has implemented this. No major economy is seriously discussing it.
Meanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: "Within the next year, the majority of companies will reach the same conclusion."
Nobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem.

Rational behavior. At scale. Simultaneously. With no mechanism to stop it.
Two economists built the math. The math leads to one place.

Source: Falk & Tsoukalas · Wharton School + Boston University ·
https://t.co/Tir6S9468A

[Ethan Levins 🇺🇸 @EthanLevins2]

Footage from Gaza.

Now that I’ve got your attention, this is LEBANON.

Israel is committing ANOTHER genocide 💔

[Steve Hall @ProfHall1955]

Must read. In one interview Michael Hudson identifies the root of today's grossly unfair, unstable economy and sums up almost everything I've been clumsily trying to get across on this site over the past couple of years. Please share. https://t.co/OfwOG8A7UQ

[Brad Setser @Brad_Setser]

Indeed. A Foreign Affairs article is an essay not an academic article.

I do want to encourage a bit of action rather than watch China grow for another 2 years via net exports while the world waits for a change in its growth model!

[Glenn Greenwald @ggreenwald]

With Tulsi Gabbard's new revelations about US bio labs in many countries around the world including Ukraine, it's fascinating recall the bizarre series of events that gave rise to this controversy in the first place:

In May of 2022, some of us began asking whether the US had bio labs in Ukraine, what they were for, and why the US had them there. For asking those questions, we were instantly branded as "pro-Russian conspiracy theorists" in official Ukrainian intel reports, on our Wikipedia pages, by countless media outlets, etc. This was and remains one of the most bizarre episodes I've ever seen.

Before May 2022, when we asked those questions, barely anyone had ever thought about let alone asked about "bio weapons in Ukraine"! I certainly hadn't. Like most people, I had never mentioned a word about it because it had never occurred to me we had them there.

But then, Marco Rubio summoned Victoria Nuland to the Senate and asked her in a televised hearing under oath about these "rumors," clearly expecting her to immediately debunk them as obvious Kremlin lies and to proclaim the US had no such bio labs in Ukraine.

Instead, Nuland did the opposite! She *confirmed* key aspects of these "rumors," and she explicitly warned that the US has several "bio research labs" in Ukraine that are so dangerous that they must not be allowed to fall into Russia's hands.

When some of us heard Nuland's rather shocking admission -- the first-ever disclosure about these labs -- we of course asked: wait! what? Why does the US have bio labs in Ukraine, and what are the US and Ukraine doing in those labs that make them (in Nuland's eyes) so dangerous?? (Note: nobody ever suggested that the presence of these bio labs in Ukraine justified the Russian invasion; we just wanted answers about these US bio labs that Nuland had casually divulged).

We never got real answers. We got smear campaigns. To this day, our names are formally attached to claims that we spread "conspiracy theories" for asking about these labs even though it was Victoria Nuland herself who was the one who accidentally revealed them for the first time in a Senate hearing in response to a shocked Marco Rubio. They then quickly tried shutting down any questioning by pretending that Nuland never said this, and it was just a bunch of paid Kremlin mouthpieces who were spreading lies.

You see the same tactics now being against Tulsi for releasing this new intelligence report. Watch the Nuland testimony in question:

[Drop Site @DropSiteNews]

🔴 The son of Dr. Hussam Abu Safiya, director of Kamal Adwan Hospital in northern Gaza held in Israeli detention since December 2024, warned Monday that his father’s life is in danger after being transferred to solitary confinement in Nafha Prison — a move the family says came in direct retaliation for filing a legal appeal with the Israeli Supreme Court.

The family says Abu Safiya is being held in a two-meter cell with no food, water, medicine, or access to his lawyer.

“How can a person be punished for asking why he is being detained?” his son asked in an urgent public appeal. “Every hour that passes without action may bring more suffering and pain.”

[Ignorance, the root and stem of all evil @ivan_8848]

NATO Commander Europe Grynkewich debunks the propaganda of European Russophobes.

'Russia does not seek conflict with NATO and does not intend to attack. I have been following the intelligence very closely.'

[Marc Chandler @marcmakingsense]

What do I read? I increasingly appreciate the insight of @BaldwinRE. Latest post on Chinese overproduction and US underproduction and his criticism of arguing causality from identities.
https://t.co/aejJe597Cx