This is a summary of the main points in my new book, out today. mercatus.org/publications/ho…

Of course affordable housing will be associated with downward filtering. Don't be a weirdo. kevinerdmann.substack.com/p/…

Everyone has forgotten about Parenthood.

This political cartoon is 22 years old

Just now realized this, worth sharing. When Bessent buys heavily-discounted Covid-era long bonds instead of newer issues w/ higher coupons, he increases the margin to the debt ceiling. That's because, by the statute, the amount that must be held under the ceiling is the face amount. When he buys back a bond trading at 50 cents, he eliminates the full $1.00, and only has to issue 50 cents of new debt to do that.

OMG -- under questioning from Hassan, Trump's FDA nominee Heidi Overton refuses to acknowledge that Trump can ever be wrong about anything even after she's confronted with a specific example of something Trump is clearly wrong about

The misuse of this BLS data to spread doomerism about declining worker welfare, billionaire enrichment, or economic injustice is not new. Decline in workers’ share of output is largely a reflection of the fact that capital income is a residual of many different things. 🧵

The funniest thing about this is that Trump did not restore the old names of those nine military bases. Instead, he named them after random soldiers who had the same last names as the Confederates they were formerly named after.

Jeff Merkley would ban single-family homes from being turned into rentals, but would give $50,000 to new homeowners. Truly the head of America's Regressive Party.

Trump on boat strikes: For years, administrations just played games and they'd bring them to a court in Miami or something, and the judge would release them immediately…but now, we don't waste our time doing it.

6 years later, FDR would go on to lead a massive gay entrapment investigation for US Navy sailors that got him officially reprimanded by the US Senate for going too far lol.

Be sure to watch to the end.

Former Navatek executives, meanwhile, looked back with awe at how far their money went. “It was eye-opening for me, frankly,” said one. “‘Oh my God, all of it is for sale. It’s all for sale.’” READ MORE: propublica.org/article/fbi-s… with @AASchapiro @WilliamTurton @kirstenberg

Trump: "In January, at my direction, the United States military conducted a massive military operation penetrating deep into the Venezuelan capital ... it was a war. To the victor belong the spoils."

A bunch of Nobel Prize-winning economists have endorsed California's proposed billionaire wealth tax. I can't oppose them on authority. But I know some academics who can.

This is so funny.

🚨 At the U20 Mayors Summit, Mamdani Says the Left Has Ceded “Quality of Life,” “Efficiency,” and “Fraud and Waste” to the Right This was one of the more interesting arguments Zohran Mamdani made today at the U20 Mayors Summit, and a reminder that he can be genuinely sharp when he drops the “central casting” routine. “In New York City, there are certain words that have taken on ideological associations.” “Quality of life has come to be seen as somehow a right-wing concern. Efficiency… has been taken on as a right-wing concern, rooting out fraud and waste, a right-wing concern.” Mamdani’s argument is that refusing to engage those issues actually helps the Right. “If you are staring at an example of social disorder or social inefficiency, and the left refuses to explain either why it has happened or how they will fix it, then the right gets to point at someone in the immediate area and say, ‘That’s who did it.’” The harder question is how much of the broader Left is actually prepared to follow the advice.

Keep in mind that Tokyo builds at the rate Houston builds per capita, even though Tokyo already has a population 6 times bigger than Houston and a land mass only 1.3 times of Houston

I only recently became aware of this now commonly used innovation. Animal traps are now padded so that if they catch the wrong animal, you can let them loose and they are unharmed.

for those monitoring the situation this seems to be the official US department of education account doing a dogwhistle about getting rid of some Indian kids attending a UT football game

So true. How many acres are now devoted to solar energy that could have been devoted to the ethanol grift.