The astounding economic power of the 'kidult'

from the latest excerpt of Galloway's newsletter via @kylascan truer words have never been said, especially for tokens obviously, if the fundamentals do not catch up, the premium will eventually go down, but we're in an era where attention creates the multiple you want for your PE, then you use that premium to juice the capital markets to outcompete your competitors

Accounts like this are responsible for many of the problems we have right now

RT @fed_speak: This is really good and also quite sobering on the state of things

Sewer socialist moment. At the eponymously named airport.

NEW: Is the internet changing our personalities for the worse? Conscientiousness and extroversion are down, neuroticism up, with young adults leading the charge. This is a really consequential shift, and there’s a lot going on here, so let’s get into the weeds 🧵

This is the Labubu/Fartcoin economy -@kylascan

If you want to understand the potential consequences of Trump's attacks on economic institutions like the BLS and the Federal Reserve (esp. combined with protectionism), a good historical analogy is Peron in Argentina. I've got a new article on that parallel (link in replies).

In 2012, I was the associate director at the Bureau of Economic Analysis (*not BLS*) and was responsible for preparing the estimates of gross domestic product. Mr. Hassett gets several things wrong here. (1/n) (Thread)