ClaB retweeted
I have made a good-faith effort to learn from MMT and I can report that I learned nothing. If I was supposed to learn that a country that issues its own currency can inflate away its debt, I already knew that. (And I worry about that.)
ClaB retweeted
A larga maggioranza gli elettori della provincia dell'Alberta hanno bocciato la proposta di avviare il percorso che potrebbe portare all’indipendenza dal Canada
History and movies tell us that activating emergency powers isn’t a good idea, but we keep forgetting
ClaB retweeted
Germany's Chancellor Merz:
Germany and France reached an understanding on future policy toward the automotive industry.
To put it very simply: The ban on combustion engines is now history.
Sarebbe divertente usare l’AI per quantificare la monumentale mole di balle scritte negli anni dal campo sovranista su economia ed euro. Dico «divertente» e non «utile» perché il debunking è già stato fatto ed è servito a poco.
ClaB retweeted
Several German industrialists have mentioned to me similar levels of sick rates, so that losing basically an entire month a year of production is becoming normal-like doubling vacation time without any planning
One of them said he was desperate to close his German plants.
Why are Euro auto brands losing to China? Well... let's look at costs, productivity, employee output, etc. Hard to compete with this.
"Using VW’s auto plants as a proxy, labor costs, labor productivity, sick leave rates, unit costs and electricity costs in its China plants are a fraction of what they are in Europe, so no one should be surprised at the market share shifts on the right. Even the imposition of 17%-35% tariffs has done little to slow European imports of Chinese EVs."
ClaB retweeted
Inverse correlation between employee cost and productivity:
Why are Euro auto brands losing to China? Well... let's look at costs, productivity, employee output, etc. Hard to compete with this.
"Using VW’s auto plants as a proxy, labor costs, labor productivity, sick leave rates, unit costs and electricity costs in its China plants are a fraction of what they are in Europe, so no one should be surprised at the market share shifts on the right. Even the imposition of 17%-35% tariffs has done little to slow European imports of Chinese EVs."
ClaB retweeted
Probably the correct take on “AI can solve math now”
Well worth reading: proofsandprompts.com/2026/10…
ClaB retweeted
European Commission President von der Leyen - who is German - issues a regulation amendment proposal to water down the internal combustion engine phase-out, as demanded by German carmakers. Is this a way to run the EU and is she the right person to run it?
Sadly I can’t vote
If Republicans win the House of Representatives and the Senate in the 2026 Midterm Elections, I’m going to give all adult citizens in the United States of America, $5,000! Thank you for your attention to this matter, and I look forward to signing those checks!
Readers added context they thought people might want to know
This $5,000 “Trump Dividend” promise was first made in Sept. 2026. Similar prior DOGE and tariff check pledges have not been paid out. It would cost ~$1.2 trillion and require congressional approval.
pbs.org/newshour/polit…
washingtonpost.com/politics/2026/…
ClaB retweeted
Researchers drove a Chinese NIO electric SUV into a Norwegian mine to cut its connections.
It kept trying to reach servers in China. About 90% of its traffic went there.
The data was encrypted so they couldn't see what was sent, but NIO claims European data stays in Europe.
A separate test on a Chinese-made bus found the manufacturer could remotely access battery and power systems.
ClaB retweeted
Mai che ne prenda una. Nemmeno per sbaglio.
Italy likes to portray itself as a purveyor of fiscal probity these days, but the cash deficit - which is the one that matters because that's what determines debt issuance - just passed 6% of GDP. What's happening in the Euro zone isn't just about France.
robinjbrooks.substack.com/p/…
Ben spiegato
corriere.it/economia/casa/26…
ClaB retweeted
Sophisticated statistics can produce extremely precise nonsense when the design fails to identify the causal mechanism.
open.substack.com/pub/thebre…
