1) Well, also there is this:

For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.

The only way that debt comes down is if rest of world flips to trade deficit status w/US (I.e., trades accumulates $USD from prior trade surpluses w/US for actual goods & services). Not likely anytime soon. $USD as global reserve currency requires massive public debt.
— David "Most Vicious Dogs & Ominous Weapons" Herr (@davidcherr) January 15, 2021

More from Larry Schweikart

Larry Schweikart
@LarrySchweikart

1) Where we are: This is much, much bigger than a fraudulent election (it was) or rampant gubment tyrannical China Virus abuse (it is).

2) What we are facing has been building for a good 30 years.

3) I date it back to the GOP failure to defeat Clinton in the gubment shutdown.

4) If you went to public school, that would be the 1995 budget battle.

5) The brand new GOP Congress, with plenty of public support, failed to rein in a Clinton bloated budget.

6) It wasn't the numbers. Compared to today's deficits & debts, this was pocket change. Rather, this was the first time since the Cold War, which was a legit excuse for constant deficit spending, that Congress failed to do its MAIN constitutional duty--oversee spending.

7) No, this isn't a thread about deficits or debt. At present, I don't think those pose the biggest challenge to us, or even probably one of the top five.

8) Rather, this is about a deadly disease that hit DC & the patient refused to take any medicine for it.

9) The disease was the failure to address the major problems of the day, whether it was deficits, Islamic terrorism, the banking crisis, or trade.

10) Vote fraud & this frankenstein of an election is only the latest SYMPTOM of this much larger disease.

Larry Schweikart
@LarrySchweikart

1) https://t.co/ejQmeU5YIu

First the Hill/Cook, now this. Folks, they are aware they are losing or have already lost the House. The last big vote suppression push is on.

Yesterday, two NC polls basically put all the "at risk" NC seats out of reach.
Before that, TX and OH's vulnerable seats were pretty much off the board (Sessions is ahead but close).

NY now down to two vulnerable seats with the R leading in one. Both are red.

3) UNLIKE THE LIBS, I will tell you . . .

I.
Can.
Be.
Wrong.

But I'm not seeing a DemoKKKrat takeover of the House. At most I have them with 19 flips---but that is really stretching it and that's them running the table.

4) Meanwhile, we had news of a D-R potential flip in AZ1, where Wendy Rogers has gotten out to a surprising lead.

This goes along with the expected two flips from MN. There are at least two others out there, possibly three.

5) Meanwhile, in the world of real voting, in blue Montgomery Co., OH we have the following in absentee balloting: R=11,041, D=7,087, I/U=12,609

Well, you say, all those indies may vote D.

They didn't in 2016. Based on 2016 votes and voting history of EVERY SINGLE HOUSE . . .

Larry Schweikart
@LarrySchweikart

1) Raise your hand if you remember how the RINOs and neverTrumpers ridiculed us in 2015 when we supported Trump saying, "he fights!"

Remember how much abuse we took for that?

Guess what.

We now have Justice Kavanaugh largely because both Trump and K fought.

2) Trump had every opportunity to bail on Judge K. I'm sure he asked the Judge, "Do you want to keep going through this? Cuz I'll stand by you if you do."

3) Either of the Bushes, McTurd, Minion,ANY other leading R would have bailed on Judge K the first time Balless Edsel talked

3) Do you RINOs, you neverTrumpers get it yet?

It is ONLY because Trump "fights" that ANYTHING gets done--trade treaties, tax cuts, immigration control, denuking Korea.

You can't have Falstaff and have him thin. You can't have victories & play nice with Commies or DemoKKKrats

Larry Schweikart
@LarrySchweikart

1) 538 walks it back:
Right now, in fact, the polls are not showing a Democratic turnout advantage. Instead, based on a comparison of likely-voter and registered-voter polls, they’re projecting roughly equal turnout between the parties,

2) with Republicans’ demographic advantages (older, whiter voters typically vote at higher rates at the midterms) counteracting Democrats’ seemingly higher enthusiasm.”

3) Give little Natey a week and he'll see what we see: An R turnout advantage.

Larry Schweikart
@LarrySchweikart

1) Voting in Cuyahoga County (OH's Manhattan for its blueishness) has dramatically increased.

2) Bad news right?

3) Er, no. "And increases are coming from Republicans and unaffiliated voters."

4) Now, we have to watch unaffiliated voters, but my OH guys--"The Accountant" and "Ohio Wan" developed a statistical model in 2016 that appears to be holding for assessing how Us will vote.

5) It's not bad for us at all.

6) So, here are the raw numbers:

Eighteen days out in 2018:
D 68,760 (44 %)
R 39,080 (25%)
Us 48,206 (30 %)
Total 156,251

2014:
D 75,675 (55 %)
Rs 33,964 (25 %)
•Us 26,854 (19 5)
Total 137,053

"Republicans appear energized" due to the Kavanaugh

More from Economy

$Sam Parker \U0001f1fa\U0001f1f2$

Sam Parker 🇺🇲...
@SamParkerSenate

1. "ThE gReAt rEplAcEMeNt iS A cOnSpiRaCy tHEorY" https://t.co/BXdtcNxrVf

The great replacement isn't a conspiracy theory, it is the inevitable outcome of non-stop immigration of populations whom do not wish to assimilate and have way higher birth rates than the native population... It's purely a mathematical reality.
— Angelo John Gage (@AngeloJohnGage) December 30, 2020

2. "ThE gReAt rEplAcEMeNt iS A cOnSpiRaCy tHEorY"

3. "ThE gReAt rEplAcEMeNt iS A cOnSpiRaCy tHEorY"

4. "ThE gReAt rEplAcEMeNt iS A cOnSpiRaCy tHEorY"

5. "ThE gReAt rEplAcEMeNt iS A cOnSpiRaCy tHEorY"

Karl Zelik
@KarlZelik

Occupational #wearables for monitoring low back load have potential to improve ergonomic assessments & enable personalized, continuous monitoring of overexertion injury risk in the workplace.
#biomechanics #ergonomics

Encouraged by what we

We wanted to know: if we can only use a small number of wearable sensors to monitor low back loading, then which sensors should we use, where should we place them, what type of algorithm should we employ, & how accurately can we monitor back loading during material handling?

2/

Cory Doctorow #BLM
@doctorow

One of the arguments for permitting monopolies is that they are "efficient." That's the logic under which Universal was allowed to acquire Comcast and NBC - the "vertical integration" would make all three companies better and we'd all reap the benefit.

1/

It turns out that there are DISeconomies of scale, what Brandeis called "the curse of bigness" and really, the Universal-NBC-Comcast octopus is a poster child for that

Comcast has just informed its subscribers that they are at risk of losing access to "Bravo, CNBC, E!, Golf Channel, MSNBC, Olympic Channel, Oxygen, Syfy, Telemundo, Universal Kids, NBC Universo, USA Network and NBC Sports

That is, Comcast has warned its customers that Comcast might not license its channels to Comcast anymore.

This is a "carriage dispute" - a dispute over how much the cable operator will pay the broadcaster. It's a common dispute to have.

4/

But in this case, Comcast's dispute is over the accounting fiction of how much one division of a vertical monopolist will nominally charge another to access its products.

5/

Emnet Negash
@emnet_negash

What happens with the limited volumes of food aid that are sent to Tigray?

Testimonies on aid to the war-affected Tigray &

Shire: 7 kg of wheat were required to sign for 15 kg. If they refused to sign for 15 kg they were denied the 7 kg

IDPs in Shire: Currently around 80 000 displaced Tigrayans in Shire, spread across three different schools

Addi Da’iro: “Residents were denied food aid after the inhabitants refused to appoint PP officials as administrators. The residents demanded the evacuation of Eritrean soldiers instead.”

Aksum: "I heard there have been food aid of 15 kg of grain per family, and only once. Neither I, nor my relatives have received aid. No idea about how many families received that 15 kg of food aid. How many days would that last? Who takes the rest? Of course, the Eritreans?”

Adwa: “Last time, they made us sign 15 kg while giving only 7 kg”.

Jason Furman
@jasonfurman

The argument for deficits & debt raising interest rates in the US is not increased credit risk, it is that interest rates are a function of economic fundamentals, flows & policy. Deficits/debt change those.

I can't tell if I'm agreeing or disagreeing with @jc_econ.

There is no relationship b/w deficits & interest rates in the US & many other advanced economies. Centuries of dynamic institution building underpin our reserve currency status that allows rates to be a function of economic fundamentals, flows & policy not credit risk 1/3
— Dr. Julia Coronado (@jc_econ) January 26, 2021

Increasing government spending or reducing taxes increases demand (or reduces saving). This raises the price of loanable funds or the interest rate.

In a dynamic context, more demand means a stronger economy, the central bank raises interest rates sooner, and long rates rise.

(As an aside, we are not close to the United States needing to worry about credit risk and the risks are more overstated than understated in most other advanced economies too. But credit risk is not always & everywhere irrelevant, just look at the UK in 1976 or Canada in 1994.)

Interest rates have fallen over the last 20 yrs while debt has risen. This does not necessarily mean that debt rising causes interest rates to fall. It could also mean that other things have happened at he same time that pushed down interest rates more than debt pushed them up.

The suspects for these "other things" include slower productivity growth, slower popln growth, higher inequality, less investment, etc. All of which either increase the supply of saving or reduce the demand for investment, reducing the equilibrium interest rate.