Steve Randy Waldman
@interfluidity.com

wouldn’t it be more bigly to go for the American Ocean?

Steve Randy Waldman
@interfluidity.com

it’s just hard to reconcile the FX market and the bond market right now.

Steve Randy Waldman
@interfluidity.com

crazy like a fox taking on a whole new meaning.

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Steve Randy Waldman
@interfluidity.com

if the yield curve is foreseeing a US-specific Trump inflation while the dollar is sharply strengthening, that’s predicting a heck of a strengthening in the “real exchange rate”, US wages and salaries super high in FX terms, not so great for reindustrialization. 1/

Steve Randy Waldman
@interfluidity.com

i’m not sure i buy it though. i guess i explain dollar strength as a preaction to expected tariffs, so i don’t expect so sharp an import price change let aline inflation, but then i can’t explain the yield curve. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

i wonder what the chatter is like among servicemen and attachés stationed abroad, working among allies in NATO roles.

Steve Randy Waldman
@interfluidity.com

At a basic level, USD's special status has been anchored by a security arrangement. Allied governments (except sometimes France) don't try to diversify out of it in part bc it finances the US military umbrella. Change the arrangement, and others might become curious abt say what the BRICs are up to.

Steve Randy Waldman
@interfluidity.com

"The ultimate function of the entrepreneurial ethic was (and is) to reconcile workers to precarity." ~Becca Rothfeld reviewing @erikmbaker.bsky.social's "Make Your Own Job: How the Entrepreneurial Work Ethic Exhausted America" www.washingtonpost.com/books/2025/0... ht @steveroth.bsky.social

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Review | The can-do spirit that undermines American workers: In “Make Your Own Job,” Erik Baker argues that we have been tricked into regarding personal resilience as the solution to structural injustice

Review | The can-do spirit that undermines American workers

Link Preview: Review | The can-do spirit that undermines American workers: In “Make Your Own Job,” Erik Baker argues that we have been tricked into regarding personal resilience as the solution to structural injustice
Steve Randy Waldman
@interfluidity.com

the genius move would be to use the anti-Denmark animus he is ginning up to justify compulsory licensing of Ozempic / Wegovy at generic prices. he'd become the most popular President in history.

Steve Randy Waldman
@interfluidity.com

from Fiona Hill, just after the start of the Ukraine war www.politico.com/news/magazin...

Text:

I’ve kind of quipped about this but I also worry about it in all seriousness — that Putin’s been down in the archives of the Kremlin during Covid looking through old maps and treaties and all the different borders that Russia has had over the centuries. He’s said, repeatedly, that Russian and European borders have changed many times. And in his speeches, he’s gone after various former Russian and Soviet leaders, he’s gone after Lenin and he’s gone after the communists, because in his view they ruptured the Russian empire, they lost Russian lands in the revolution, and yes, Stalin brought some of them back into the fold again like the Baltic States and some of the lands of Ukraine that had been divided up during World War II, but they were lost again with the dissolution of the USSR. Putin’s view is that borders change, and so the borders of the old Russian imperium are still in play for Moscow to dominate now. Text: I’ve kind of quipped about this but I also worry about it in all seriousness — that Putin’s been down in the archives of the Kremlin during Covid looking through old maps and treaties and all the different borders that Russia has had over the centuries. He’s said, repeatedly, that Russian and European borders have changed many times. And in his speeches, he’s gone after various former Russian and Soviet leaders, he’s gone after Lenin and he’s gone after the communists, because in his view they ruptured the Russian empire, they lost Russian lands in the revolution, and yes, Stalin brought some of them back into the fold again like the Baltic States and some of the lands of Ukraine that had been divided up during World War II, but they were lost again with the dissolution of the USSR. Putin’s view is that borders change, and so the borders of the old Russian imperium are still in play for Moscow to dominate now.
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Steve Randy Waldman
@interfluidity.com

i'd be more positively disposed if the plan was to divide Canada into states, each with the population of Wyoming. Republicans like small states, right?

Steve Randy Waldman
@interfluidity.com

people act like Trump is trying to strong-arm Canada or something, but actually he's offering them a sweetheart deal with two whole senators.

Steve Randy Waldman
@interfluidity.com

democracy depends upon collective cognition, and we cannot cogitate well or sanely while dopamine machines owned and manipulated by Musk and Zuckerberg constitute the public and coordinate the effort.

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Steve Randy Waldman
@interfluidity.com

billionaires are pathetic.

Steve Randy Waldman
@interfluidity.com

and fascism! from @ryanlcooper.com prospect.org/power/2025-0...

Text:

The old internet wasn’t perfect, but it used to feel like a place of almost magical potential, where you might stumble over a fascinating new site at any moment, instead of watching in horror as your aunt is driven mad by flat-earth conspiracies. This internet did not die of its own accord; it was murdered by a handful of mega-billionaires so they could sell ads for chukka boots and washing machines. Text: The old internet wasn’t perfect, but it used to feel like a place of almost magical potential, where you might stumble over a fascinating new site at any moment, instead of watching in horror as your aunt is driven mad by flat-earth conspiracies. This internet did not die of its own accord; it was murdered by a handful of mega-billionaires so they could sell ads for chukka boots and washing machines.
Steve Randy Waldman
@interfluidity.com

“The Medicare Payment Advisory Commission, which, um, advises the government on Medicare payments, estimates that last year Medicare Advantage cost taxpayers $83 billion (!) more than those enrolled would have cost under traditional Medicare.”

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Steve Randy Waldman
@interfluidity.com

“A sensible politics needs to ask: how can we create constituencies of countervailing power to the regressive rich?” @chrisdillow.bsky.social stumblingandmumbling.typepad.com/stumbling_an...

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Against

Against "if I were king" politics

Link Preview: Against "if I were king" politics: The government should stop billionaires making big donations to political parties; should move towards rejoining the EU; should fine polluting water companies more heavily; should make a positive case...
Steve Randy Waldman
@interfluidity.com

au contraire checks and balances are stronger than they have ever been in American government. Elon writes checks, and they flow into balances.

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Steve Randy Waldman
@interfluidity.com

“prioritize dense, mixed-use, and car-light ecodistricts… a number of wonderful examples [are] in planning throughout the world… the most visionary are so far removed from our status quo in the US—we lack the ability to even comprehend how much higher quality of life in these neighborhoods could be”

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Steve Randy Waldman
@interfluidity.com

peaceful transfer of power vs peaceful surrender of power

Steve Randy Waldman
@interfluidity.com

you get angry at a group of people, then you get incurious about what they say and write, then you have a blind spot.