“This is a very significant overturning of Chevron deference, which has been a cornerstone of administrative law for the past 40 years. Some key points about the implications: It fundamentally shifts power from executive agencies to courts in interpreting ambiguous...
Yves here. The presidential debate last night is likely to go down as being of historical importance, in the same league as the Kennedy-Nixon debate. But here, instead of demonstrating how the then-young medium rewarded good looks and a confident...
Yves here. This post addresses the question of what all of the European political realignments-in-progress might mean for fiscal policy, as in the level of deficit spending, and the composition of that spending. There’s been a lot of handwaving about...
A Heartwarming Compilation Showing the ‘Cat Distribution System’ in Action Laughing Squid 10 Geopolitical / Financial Risks to the Global Economy Charles Hugh Smith, Of Two Minds Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank...
This was probably the shortest lived coup d’état in Bolivia’s history. But who was behind it? As NC readers are no doubt well aware by now, the South American country of Bolivia suffered yet another coup attempt on Wednesday —...
Yves here. It is striking to see how long it has taken for economists to take a serious look at how retirements, particularly earlier-than-otherwise-might-have-happened retirements have helped produce tight labor markets and thus contributed to inflation. The long-term trend is...
The RN intends to move ahead with a proposed law that states as its aim “to combat Islamist ideologies”. It includes measures to make it easier to close mosques and deport imams deemed to be radicalised, and a ban on...
For time zone reasons, I didn’t see it. But if you wish to discuss it, comments are open. The post The debate appeared first on Marginal REVOLUTION. Source link...
That is the topic of my latest Bloomberg column. Rather than work through the argument, which requires you to read the whole column, I’ll just reproduce the most trollish part: When I am in a foreign city and in search...
That’s Mr. Trump on inflation. Here’s the data: Figure 1: CPI for food at home (blue), chained (tan), both in logs, 2021M01=0. Chained CPI seasonally adjusted by author using X-13. NBER defined peak-to-trough recession dates shaded gray. Source: BLS and...
