James Pethokoukis

James Pethokoukis


Substack: http://fasterplease.substack.com @AEI Fellow. @CNBC Contributor. @Jeopardy! champ. @TheWeek columnist. @NorthwesternU. ?? ?? ?? ??

56766 followers  •  7217 follow  •    •   https://www.aei.org/profile/james-pethokoukis/

We are rapidly approaching a "everything that should be up is down, and everything that should be down is up" kind of economy. Oof.

A big solar storm could fry the internet, but at least space weather forecasts would give us a day or two to prepare. Or maybe not, because physicists have just discovered a new kind of solar storm that strikes without notice Read more:

🙄 "The most appealing global ideal may now be the European dream, a lower-income version of the American one but with added free time and free healthcare."

"Protectionism and government contracts left a critical industry dangerously dependent on only a few suppliers"

GOLDMAN SACHS: The Effects of Lower Cryptocurrency Prices on the US Economy

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🌟 Tyler Cowen speaks! My short/sharp chat with the economist about innovation, China, talent, and more! @tylercowen  Also: The cryptocurrency crash and the US economy

If @elonmusk  is worth $500 billion a decade from now, something has almost certainly gone very right with the US economy. Believing this does not require one also view him as a model of moral rectitude.

The only culture war I'm interested in is Up Wing dynamism ⤴️ versus Down Wing stasis ⤵️

I listen to Vangelis almost every day. "Cosmos" is just perfect.

"If, as is likely, the war drags on and supplies from Russia and Ukraine are limited, hundreds of millions more people could fall into poverty. Political unrest will spread, children will be stunted and people will starve."

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GOLDMAN SACHS: A Democratic "blue wave" would "likely result in substantially easier US fiscal policy, a reduced risk of renewed trade escalation, and a firmer global growth outlook."

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Some eye-popping numbers on Clinton's growing popular vote lead, via at @TheAtlantic 

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GOLDMAN SACHS: "Build Back Better Unlikely to Pass; Lowering GDP Forecast"

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"If because of a wealth tax @elonmusk ⁩ had left PayPal with $60 million less, would #Tesla  and/or #SpaceX  have made it past 2008? Kaplan doesn’t think so. “Either SpaceX or Tesla would not exist."

JPMORGAN: "The number of permanent job losers increased by 534,000 to 3.411 million, a somewhat concerning sign of labor market sclerosis developing."

This new talking point that immigrants — even if they came here as children — are not *really* patriotic, trustworthy Americans ... is something.

LOVE this. In my Substack, I asked @ATabarrok  what he thinks of the argument that China's econ success, particularly in tech, points to a more viable industrial strategy than America's current approach:

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⏰ THREAD: 1/ The US economy is imploding. That’s the message of the plunging stock market and rising jobless claims. And Washington is not doing nearly enough to stop it. Forecasts of a deep recession followed by a strong recovery are too optimistic. Here’s why:

GOLDMAN SACHS on the policy impact of a blue wave:

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