Trying to make sense of a very strange debt-ceiling process; Martin Wolf sketches out our big political problem; the technology side of the green transition rolls forward; Smith on decoupling...
Levine: Theory 2 looks like the reverse of the Swabian hausfrau problem. Deposits of the entire banking system may be collectively long term, have nowhere else to go, but that is not true of the deposits of banks individually. Isn't regulation for "systemic risk" supposed to un-do that illusion?
Levine: Theory 2 looks like the reverse of the Swabian hausfrau problem. Deposits of the entire banking system may be collectively long term, have nowhere else to go, but that is not true of the deposits of banks individually. Isn't regulation for "systemic risk" supposed to un-do that illusion?
Luce: So Biden won? Dan Pfeiffer thinks McCarthy won, at least in decreased disprestige.
Also the BBC version: "What's in US debt ceiling deal and who won?" https://www.bbc.com/news/world-us-canada-65744615
At least the use of "and" recognizes that there is more than one point in question.
Ganesh: in the quoted extract - "Modern politics is about doing things." sounds very odd, but the previous word is "thinks".