When I hear weak and tepid calls for unity, I’m reminded of these words by Martin Luther King Jr. and also this letter which was a resounding critique of white moderates.

“So the question is not whether we will be extremists, but what kind of extremists we will be?” 1/5

Schoen is pretending courtroom "due process" must be followed--after meeting with some of the jurors to plan strategy last night.

Schoen accuses Democrats of editing videos and taking comments out of contexts, after showing edited videos of Democrats and taking their comments out of context. I guess he wanted us to know he knows what he's talking about.

Schoen is showing longer clips of Trump speeches. The additional footage doesn't help Trump's case, unless you're a racist insurrectionist.

Yeah? Well what about YOUR whataboutism?

Schoen REALLY doesn't like Senator Warren.

It's because Trumpists love attacking Senator Warren.

Gee, it's almost like he thinks Senator Warren is being impeached.

Keir Starmer giving his most important speech yet-laying out his vision for the future.

“The Conservatives say they want to build back. But I don’t want to go back. You can’t return to business as usual. And certainly not back to an economy rooted in insecurity and inequality.”

"The foundations of our society have been weakened over a decade...even before the pandemic life expectancy had stalled for the first time in a century. Child poverty had shot up to over 4 million. A child growing up in a deprived areas of the North East can expect to live for.."

"...five fewer years than a deprived child brought up in a deprived area of London. What sort of legacy is that for a party which has been in govt for a decade? That life itself got cheaper. And shorter."

"During the last year my thoughts have returned time and time again to the wartime generation. Those who suffered the horrors of WW2, who rebuilt Britain from the rubble of the Blitz, created the NHS and built millions of homes fit for heroes. And I contrast that...

"...to those exposed to Covid in underfunded care homes, unable to say goodbye to families and to loved ones. How can the PM look those families in the eye and say 'we did everything we could'? When the truth is the Tories failed to fix social care for a decade?"

1/9

While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

2/9

downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

3/9

borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

4/9

a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

5/9

the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...