Neoliberal

At one of his rallies, Donald Trump declared:

“And by the way, Kamala will not be your first,” Donald Trump pauses and there this audible booing from the crowd to Kamala’s name, “Female President. She will not be your first female President!”

As the crowd continues to boo Kamala, Trump continues:

”It’s not the way it’s supposed to be, we’re not supposed to have a socialist.” Trump begins to motion his hands back and forth as he’s known to, “Look, we’re not gonna be a socialist nation, we’re not gonna have a socialist President, especially a female, socialist President. We’re not gonna have it, we’re not gonna put up with it. It’s not gonna happen.”

Edit: Changed the block quote to better match Trump’s wording.

White House Statement.

Statement from Homeland Security Secretary Mayorkas on Arrest of Alleged Leaders of Sinaloa Cartel.

On a fallacy in the Kaldor-Hicks efficiency-equity analysis

"This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a “same-yardstick” fallacy (a fallacy pointed out by Paul Samuelson in another context). These results have negative implications for cost-benefit analysis, the wealth-maximization (e.g., “Chicago”) approach to law and economics, and other parts of applied welfare economics"

https://www.ellerman.org/wp-content/uploads/2014/04/Kaldor-Hicks-FallacyReprint.pdf

@neoliberal

The forecast was for 2.0% growth, which means we actually exceeded expectations.

Summary of information:

• Q1 2024 Annualized GDP Growth: 1.4%
• Q2 Annualized PC Inflation Rate: 2.6%
• Q2 Annualized Core PCE Inflation Rate (Food, Energy Prices Excluded): 2.9%.
• Annual Consumer Spending Increase: 2.3%

(Don't forget him. And yes he counts. Mr. Beat called him the "Oldest Person ever nominated for president" with zero extra qualifiers back in 2015 and he was on a bunch of top 10 lists in that crunchy 2009-2014 era)

U.S. Sen. Mark Kelly is among seven people asked to submit personal information as part of the vice-presidential vetting process, making clear he is under serious consideration for joining the Democratic ticket.

"Inalienable Rights: Part I The Basic Argument" - the liberal theory that both Nozick and Rawls missed

https://www.ellerman.org/inalienable-rights-part-i-the-basic-argument/

"An inalienable right is a right that may not be ceded or transferred away even with the consent of the holders of the right. Any contract to alienate such a right would be an inherently invalid contract, and, vice-versa, a right such that any contract to alienate it was inherently invalid would thus be an inalienable right."

@neoliberal

President Joe Biden: Tomorrow evening at 8 PM ET, I will address the nation from the Oval Office on what lies ahead, and how I will finish the job for the American people.

LATEST DEVELOPMENTS:

• Harris unofficially wins majority of delegates for nomination Wednesday night
• Campaign says it raised $81 million in 24 hours
• Potential challengers back Harris candidacy for president
• Trump campaign launches critique of Harris' record

Democrats just flipped their biggest disadvantage onto the opposition.

As of July 21 at 2 p.m. Eastern, President Joe Biden has suspended his campaign for the 2024 Democratic Party nomination for president. We will publish an election forecast including the new presumptive Democratic nominee, when such nominee is announced.

Former President Barack Obama issued a statement on Sunday afternoon, hours after President Biden announced he was dropping out of the presidential race.

A campaign that had been optimized to beat Joe Biden must now be reinvented.