Michael Meyers

Small time investment manager, non-profit Board member, perennial gardener, mediocre golfer, Bell Labs retiree. Not the serial killer of the same name. 🧐

[Michael Meyers @MichaelMeyers_]

@RichardDav75984 @SawyerMerritt @Tesla Richard, the money saved on transportation will be spent on something else, creating jobs there. 😊

[Michael Meyers @MichaelMeyers_]

@liadreaamy 140

[Michael Meyers @MichaelMeyers_]

@stats_feed 21

[Michael Meyers @MichaelMeyers_]

Lots of great data in here...the best in my opinion.

[Scott Grannis @sfgrannis]

All things considered, the outlook is getting brighter. https://t.co/I2SoqNlExD

[Michael Meyers @MichaelMeyers_]

@michaeljmcnair Exactly! The real battle for the US in IRAN is with China.

[Michael Meyers @MichaelMeyers_]

I canceled two years back after 40 years. I sent the editor several emails complaining about their outright lies. The once great paper has become a joke. Consider The Free Press as a substitute. I like it a lot.

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

Just cancelled my subscription to the WSJ. This paragraph did it. Sent them a scathing email.

"Just after Christmas, a viral video made allegations—some quickly debunked by Minnesota news outlets—of fraud involving daycare centers. The video, promoted by Vance and billionaire Tesla CEO Elon Musk, was made by right-wing content creator Nick Shirley, who attended a White House event last fall aimed at countering the so-called antifa movement."

[Michael Meyers @MichaelMeyers_]

I'm thinking this chart is very misleading. It purports to be NET approval rating, which seems to say that if 40% Approve and 60% Disapprove, the net is -20%.

Given that Democrats (50% of the population) will all say Disapprove, the Republican share of Disapproval is 10% vs 40% Approve, i.e. 80% of Republicans think Trump is handling inflation fine.

Bottom line: Democrats voting 100% against Trump, and using Net Approval paints a too negative picture.

JCal using a graph that paints Trump negatively does not surprise me. Readers should not that JCal is NOT neutral, although he claims to be so.

[Rapid Response 47 @RapidResponse47]

.@howardlutnick goes through a number of the historic trade deals in 2025 under the Trump Administration: "We've been ripped off since 1945... and together, with my partners, @USTradeRep, and @SecScottBessent, we set out to change that."

[Michael Meyers @MichaelMeyers_]

@LukeGromen Sure, print a bunch of money to pay for stuff you want… and watch inflation match the dollars printed. Didn’t we learn from Biden what printed money does?

[Michael Meyers @MichaelMeyers_]

Hmmm, seems to me that the value of M (Bitcoin) increases with GDP, not V

[Michael Green @profplum99]

GDP=MV=PQ in any currency
Since M in bitcoin world is ~fixed (supply sub 1% growth and declining) the only way to grow nominal GDP is through rising velocity of money (V). To incentivize rapid turnover of bitcoin, you'd need high interest rates. High interest rates mechanically raise the probability that r>g. High probability of r>g means less investments qualify and less investment is made. In other words, high probability that vast majority are worse off.

[Michael Meyers @MichaelMeyers_]

Have to be careful of people who are really good in one thing (e.g. technology), thinking they are really good in a completely different sphere (e.g. politics). @cb_doge

[DogeDesigner @cb_doge]

🚨 ELON MUSK: What’s the point of DOGE if the government’s just going to add $5 trillion more in debt?

[Michael Meyers @MichaelMeyers_]

In a democracy, the voters drive the “gravy train” and they are far from ready to even slow the train down. Eventually high inflation for a long time could significantly slow the train (see Argentina).

[Lyn Alden @LynAldenContact]

Basically what he’s saying here is that nothing stops this train.

[Michael Meyers @MichaelMeyers_]

Best economic blog on Twitter. 😄. @sfgrannis

[Scott Grannis @sfgrannis]

M2 charts look good, April CPI also
https://t.co/ESUzT9RBj6

https://t.co/LvUEjHQBK6

[Michael Meyers @MichaelMeyers_]

This is NOT true! Most people know, as explained by Milton Friedman, that monetary policy caused the Great Depression, not tariffs. @bravoresearch

[Bravos Research @bravosresearch]

Tariffs in the 1930s triggered a PAINFUL Great Depression

Today, Trump's tariffs are following a similar path

A thread 🧵

[Michael Meyers @MichaelMeyers_]

We greatly miss you on All In, but appreciate all you are doing for our country! @DavidSacks

[David Sacks @DavidSacks]

The accusation that people who are already very successful in business go into government to make more money is a lazy and stupid narrative. As I’ve learned, serving in government involves substantial disruption and divestiture of one’s business interests.

The real question is how lifelong “public servants” get so rich. For example, how did Nancy Pelosi become the greatest stock picker of our age? How did the former head of USAID become a deca-millionaire? Why are the zip codes surrounding Washington DC some of the most affluent in the country?

To a person, all the billionaires that I’ve met serving in government are doing it for one reason: they absolutely love the country and want to make it great again. To do that, we have to drain the Swamp and the massive government corruption that is in plain sight.

[Michael Meyers @MichaelMeyers_]

This is the kind of crap news that caused me to drop my subscription after 44 years. Once was a great paper. @wsj

[The Wall Street Journal @WSJ]

Hundreds of FAA employees were fired over the weekend, fueling worry among government and industry officials over new risks to air safety https://t.co/OQs8KZ9sTx

[Michael Meyers @MichaelMeyers_]

A great speech, with lots of humor. @KonstantinKisin

[Ayaan Hirsi Ali @Ayaan]

Konstantin: Great Lines.

[Michael Meyers @MichaelMeyers_]

You have to love this post. 😊

[Cynical Publius @CynicalPublius]

To fully understand just how remarkable today’s exchange with Colombia was, you need to understand how Washington DC has traditionally worked through these sorts of issues, and the different way it works now under Trump.

I’ll illustrate.

Traditional Approach:

1. Colombia announces it will not take our repatriation flights.
2. On Monday, the State Department convenes an interagency task force with DoD, NSC, DEA, INS, ICE, Commerce, Treasury and Homeland Security.
3. The task force meets for four days and develops a position paper.
4. The position paper is rejected by the Secretary of State, who is unhappy that insufficient equity considerations are built into the process.
5. The task force reconvenes a week later to redevelop three new, equity-centric courses of action and create a new position paper.
6. The process is delayed a week because Washington DC gets three inches of snow.
7. SecState approves the new position paper for interagency circulation, and considerable input is received from the heads of other departments so the task force must reconvene.
8. The original three proposed responsive courses of action are scrapped in favor of a new, fourth course of action that achieves the worst aspects of the three prior courses of action but satisfies the interagency.
9. Someone in State who disagrees leaks to the Washington Post, who writes a story about how ineffective the Presidential administration is.
10. The White House Chief of Staff sets up a session three days later to brief the President, who approves the new fourth course of action.
11. Over a month after the issue is first raised, the State Department Public Affairs Officer holds a press conference announcing that Colombia has agreed to try to send fewer criminals into the US and everyone declares victory.

Trump Approach:

1. Colombia announces it will not take our repatriation flights.
2. After a par-5 third hole where he goes one under par, Trump uses his iPhone to post on social media as to how the USA will destroy Colombia’s economy if they do not do what the USA demands.
3. By the time Trump gets to the par-4 sixth hole, Colombia’s President has agreed to repatriate all the illegal Colombians in his own plane, which he will pay for.
4. Trump finishes three under par and goes to the clubhouse for a Diet Coke where he posts a gangsta AI image of himself and the new FAFO Doctrine.
5. Winning.

See the difference? It’s called LEADERSHIP.

[Michael Meyers @MichaelMeyers_]

This is worth a read, definitely!

[Suzy Weiss @SnoozyWeiss]

Only the brawling ringleader of the circus that is today’s Republican Party could break open our sclerotic overclass and lay it bare for the whole republic to see—not simply its emptiness but its rot.

@petersavodnik, with nothing but net, for @TheFP:

https://t.co/8tH7wuzPOt

[Michael Meyers @MichaelMeyers_]

@elonmusk Only in the sense that the government PRINTS money to pay for the spending!