@DeblockBlock@gideonrachman They were the same age, but two grades apart at the Linz Realschule in 1900/01. Hitler had been held back a year, and Wittgenstein moved forward one. There is no evidence that either man knew or remembered the other.
@ellencarmichael As early as the 1950’s, people in the Soviet Union were feeling brave enough to talk about what Stalin had done such that the Soviet government never again dared to do what he did.
Surely if Huey had been disappearing people, it would now be common knowledge.
Stanley Druckenmiller renders an unfavorable opinion of Treasury Secretary Scott Bessent's use of buybacks to defend against higher yields in a market that is functioning normally.
"I have spent five decades trading on a simple premise: Markets aggregate information no committee possesses, and prices are how that information reaches decision makers. The long-term Treasury yield is the most important price in the world. It is also the only fiscal disciplinarian the U.S. has left."
"Every basis point of artificial yield suppression is a subsidy to procrastination."
"Return buybacks to their stated purpose: small, scheduled, off-the-run liquidity operations announced at quarterly refundings, never off-cycle responses to yield levels. Term out the debt honestly and pay the price the market sets."
"If the 30-year must trade at 5.5% to clear, that isn’t a crisis. It is an invoice. Then do the only thing that durably lowers long-term yields: address the primary deficit."
https://t.co/Xe8Vi38WiI
@billscher@SeanTrende Your regular reminder that if we had stopped virtually all immigration before 2015, then Donald Trump would still be a game show host.
@DominicJPino@rkylesmith It’s a problem everywhere, but it’s especially acute in USA where our law and political culture makes it virtually impossible to solve.
@DominicJPino@rkylesmith It’s an interesting philosophical question whether the ‘miracle’ of modern medicine is actually all that miraculous, given that it’s slowly bankrupting us all.