Parke Presnell

Golfer. Texas-Ex.🤘 Navy veteran. Confederacy of the Humbled. 🇺🇸🇺🇦🇹🇼🇮🇱

[Parke Presnell @parke_presnell]

Frescoes in the courtroom of the old Taos County Courthouse in Taos, New Mexico. "Sufficient law protects." "Superfluous laws oppress."

[Justin Amash @justinamash]

One of the worst things about Trump is that he’s ushering in more corporate welfare, cronyism, and socialism while parading it under the banner of capitalism, so we end up with all the failings of those ideologies but with a generation of young people blaming the market economy.

[George Selgin @GeorgeSelgin]

“Tell us that the world is getting richer, but make it sound bad.”

[Jay Nordlinger @jaynordlinger]

Congressman Henry Hyde (R., Ill.) "had the job of speaking to new members at their freshman orientation. He stressed one thing: Figure out what you're willing to lose your seat over. What principle or policy. If there is no such thing, 'then you're going to do damage here.'"

[Yishan @yishan]

A key stat that every environmentalist who is serious about solving climate change should know:

The US Navy has put into operation over 400 nuclear reactors without a single failure that resulted in any radioactive release.

That is equivalent to the entire total number of civilian reactors deployed worldwide, but the Navy’s reactors are literally deployed in BOATS IN THE WATER, that continually move, rock, get shot at, etc.

There are non-trivial engineering challenges, but the core reality is that safe, clean, abundant nuclear is a matter of political will, intelligence, and organizational culture.

[Scott Lincicome @scottlincicome]

Great chart here.
US imposes 50% aluminum tariff.
Canadian aluminum imports collapse.
US aluminium prices increase (by ~50%).

If only we could tease out a connection!

[Scott Lincicome @scottlincicome]

Trump: Nationalizes companies, imposes trillions in unilateral taxes, conducts show trials, does crimes.

Dems: Let's ban Thanksviging.

American politics is just a daily nightmare.

[Eric Boehm @EricBoehm87]

It's been eight years since Trump placed tariffs on aluminum imports.

Production has not increased, as even the White House admits, but prices have increased for everything from cans to cars.

How much longer do we have to wait to declare this policy a failure?

[Scott Lincicome @scottlincicome]

👀👀👀👀

[Scott Lincicome @scottlincicome]

Umm...................................

[Sulkhan Metreveli @Sulkhan]

Russia was never punished for the twentieth century. It was rescued from it — and that is the wound it is still avenging.
Look at what 1991 actually cost Moscow. No surrender signed. No capital occupied, no army disbanded, no officer tried, no archive opened for longer than a season. It kept the arsenal. It kept the Security Council veto. It kept the intelligence service, the same building, largely the same men, with a new set of letters on the door. Then came the debt relief, the IMF billions, the seat at the G8 — a club of democracies making room for a wounded autocracy on the theory that dignity would do what accountability might not.
Now put the other fourteen republics beside it. Same collapse, same year, same ruin. The Balts came out with no veto, no seat, no arsenal, no rescue package sized for a superpower. Georgia came out into civil war. Ukraine handed over the third-largest nuclear stockpile on earth in exchange for a signature. Their nineties were poorer and more frightening than Moscow's. Not one of them spent the next thirty years demanding the map back.
Same defeat. Different inheritance. One outcome.
A state that loses everything except its instruments does not conclude that it was beaten. It concludes that it was interrupted. Notice the word it uses for this war — not conquest. Return.
Ukraine is not fighting the war of 2022. It is finishing the one nobody had the nerve to finish in 1991.

[Marc Short @marctshort]

Sounds to me like Elizabeth Warren has setup camp in the Oval Office

[Sulkhan Metreveli @Sulkhan]

Russia is fighting NATO expansion. Any great power would.
The realist's sentence, delivered in seminar rooms since 2014.
Then examine which borders Moscow actually fortifies. Finland joined NATO and doubled the alliance's Russian frontier overnight — and Russian troops moved away from it, to Ukraine. Estonia, Latvia and Lithuania have hosted NATO forces for years, a few hours' drive from St Petersburg. Not one shot.
Now the control case. What did Russia invade? Georgia in 2008 — not a member, and not close to becoming one. Ukraine in 2014 — non-aligned by law at the time, a status written into its own legislation. Moldova, decades earlier. Every target was a state without an alliance to protect it.
The pattern is exact and it is the opposite of the theory. Russia has never attacked a NATO member. It has only ever attacked the countries outside.
So the doctrine is not anti-NATO. It is anti-defenceless.
Membership is not what provokes the empire.
The absence of it is what invites him.

[Parke Presnell @parke_presnell]

1, 3, 3

[Marina Medvin 🇺🇸 @MarinaMedvin]

5, 3, 3

Don’t @ me.

[Jesse Livermore @Jesse_Livermore]

Hard to even process -- a president selling market-moving information to banks and wealthy investors in advance of everyone else, and personally pocketing hundreds of millions of dollars from it. This alone is more worthy of impeachment than 100 Watergate cover-ups.

[Jim Bianco @biancoresearch]

Went live today

Trump will want them to be happy with their new serivce. So, expect more frequent market moving posts.

[Scott Lincicome @scottlincicome]

https://t.co/DBVkUktRK2

[Matt Ridley @mattwridley]

Cutting wheat yesterday: roughly 100 grains harvested for each grain sown. In the 1300s on the Bishop of Winchester's manors, 5:1 was a good harvest, 3:1 a bad one. Thank you, Haber-Bosch nitrogen fixation and hydrocarbons, for feeding billions and sparing land.

[Lisa Abramowicz @lisaabramowicz1]

Real yields on 30-year Treasuries are the highest since 2008. The rise in yields isn't just being driven by inflation expectations.

[Scott Lincicome @scottlincicome]

For those keeping score at home*, this means the US government's equity portfolio now consists of THIRTY COMPANIES - up from ZERO just a year ago. (MP Materials was the 1st last July.)

Bonus: it's all coming from the guy fighting "communism."

*Don't worry bc @CatoInstitute is

[Marc Short @marctshort]

Democratic Socialists of America meet Republican Socialists of America