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Thomas Masterson

@thomasmasterson

Senior Scholar and Director of Graduate Programs at Levy Economics Institute of Bard College

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16.02.2024
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Latest posts by Thomas Masterson @thomasmasterson

I am irrationally angry at how profoundly stupid and incompetent these people are. I know things would be worse if they weren't, but their stupidity and incompetence infuriate me, just not as much as their cruelty. "The food here is terrible, and what small portions" kind of thing, I know

09.03.2026 18:34 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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Introducing Levy at 40.

2026 marks four decades of Levy: independent economic thought, policy shaping, and work beyond the mainstream.

In the months ahead, we’ll share new and archival content reflecting on the ideas that have shaped the Institute.

βœ…: levyinstitute.org/levy-at-40/

06.03.2026 18:02 πŸ‘ 3 πŸ” 2 πŸ’¬ 0 πŸ“Œ 0
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ICE detains reporter Estefany RodrΓ­guez in Nashville - Nashville Banner Reporter Estefany RodrΓ­guez, detained by ICE with no arrest warrant, may face deportation. Her attorneys seek immediate review of the legality of her case.

ICE has arrested and detained a Nashville journalist who reported stories critical of ICE. She’s married to a U.S. citizen and has been seeking asylum here after fleeing death threats in Colombia because of her journalism there.

They’ve already sent her to Louisiana.

05.03.2026 23:41 πŸ‘ 12283 πŸ” 7423 πŸ’¬ 293 πŸ“Œ 336

Good thread and article.

One factor it doesn't mention is that survey response rates have fallen a lot. The CPS (households) has gone from near 90% to <70%; the CES (estabs) from 60%+ to 42%; the JOLTS is in the low 30s. That hurts reliability and increases revisions.

www.bls.gov/osmr/respons...

06.03.2026 17:32 πŸ‘ 25 πŸ” 12 πŸ’¬ 2 πŸ“Œ 0
@naomikritzer.bsky.social There's a pretty great Tumblr post about this:

nitewrighter
Mar 26

me: I don't get it. I thought I was doing a lot better than I was a few years ago. I'm like 10 times more on top of things than I used to be. How does everything feel terrible now?

The Tiny Me in OSHA-approved Hi-Vis Gear Who lives in my brain and pulls all the levers: Boss, it's the fascism. You're completely gunked up with cortisol due to the fact that your entire daily life is now underscored with a haunting awareness of the rapid erosion of your rights, dignity, and any and all social safety nets, and you're also bearing witness to the most vulnerable people immediately being persecuted. This creates a natural stress response that basically means you're going to continue having memory and organizational problems, as well as emotional imbalances.

Me: BUT I HAVE A BULLET JOURNAL AND I MEDIATE NOW.

Tiny OSHA Me: BOSS, THE FASCISM.

@naomikritzer.bsky.social There's a pretty great Tumblr post about this: nitewrighter Mar 26 me: I don't get it. I thought I was doing a lot better than I was a few years ago. I'm like 10 times more on top of things than I used to be. How does everything feel terrible now? The Tiny Me in OSHA-approved Hi-Vis Gear Who lives in my brain and pulls all the levers: Boss, it's the fascism. You're completely gunked up with cortisol due to the fact that your entire daily life is now underscored with a haunting awareness of the rapid erosion of your rights, dignity, and any and all social safety nets, and you're also bearing witness to the most vulnerable people immediately being persecuted. This creates a natural stress response that basically means you're going to continue having memory and organizational problems, as well as emotional imbalances. Me: BUT I HAVE A BULLET JOURNAL AND I MEDIATE NOW. Tiny OSHA Me: BOSS, THE FASCISM.

Posting the sign so I can tap it when necessary.

15.12.2025 04:04 πŸ‘ 1426 πŸ” 532 πŸ’¬ 10 πŸ“Œ 25
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Enrollment Is Now Open: Global Soccer and World Politics 101 Resistance Studies Series is bringing its World Cup and Global Politics 101 course to the public this spring!

Alright!

We are now officially enrolling for the @resistanceschool.bsky.social course "World Cup and The Politics of Football 101"!

We already have 100+ pre-enrolled, and we will cap enrollment at 300. Don't miss out!

Vamos!

substack.com/home/post/p-...

06.03.2026 17:37 πŸ‘ 118 πŸ” 36 πŸ’¬ 2 πŸ“Œ 2
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U.S. Gas Prices, Up 11% in a Week, Pile Pressure on Trump

#WolffBites: Gasoline prices in US rise 11% over last week as Trump's war on Iran forces and enables oil companies to raise prices. Rising gasoline prices then do same for all other prices of products needing oil or gas as inputs to their production.

www.nytimes.com/2026/03/06/b...

06.03.2026 16:55 πŸ‘ 24 πŸ” 14 πŸ’¬ 1 πŸ“Œ 0
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Drugs are Cheap if Patents Don’t Make Them Expensive: The Medicines for the People Act Patent monopolies drive drug prices and corruption; Rep. Rashida Tlaib’s proposal would fund drug research publicly and allow medicines to be sold at low market prices.

*Publicly funded drug researchβ€”like the system proposed in Rep. Rashida Tlaib’s billβ€”could replace patent monopolies, reducing prices and corruption while still supporting innovation*

Mar 6, 2026

By @deanbaker13.bsky.social

cepr.net/publications...

06.03.2026 16:10 πŸ‘ 30 πŸ” 9 πŸ’¬ 1 πŸ“Œ 1

Not having heard this pointed out anywhere other than me ranting at my partner: Refunds will go to the corporations that paid the tariffs, but not to the consumers that they passed 90% of the cost of the tariffs onto.

06.03.2026 16:06 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Not having heard this pointed out anywhere other than me ranting at my partner: Refunds will go to the corporations that paid the tariffs, but not to the consumers that they passed 90% of the cost of the tariffs onto.

06.03.2026 16:04 πŸ‘ 28 πŸ” 5 πŸ’¬ 2 πŸ“Œ 0

Today's abysmal jobs report is a reminder that tax cuts for corporations and the rich don’t create jobs or grow the economy.

What's required is investment in working people β€” and better wages.

When workers have money to spend, the economy grows and businesses create more jobs.

Remember this.

06.03.2026 16:00 πŸ‘ 9119 πŸ” 3082 πŸ’¬ 346 πŸ“Œ 129

College sports fans should be alarmed: #ETTD

06.03.2026 16:02 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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The Most Chilling Detail in the U.S. Attack on an Iranian Naval Ship The Iranian warship was taking part in an international exercise with many other countriesβ€”including the United States.

This is a chilling crime. A shame on our country. The Iranian ship was unarmed. The US knew this. The sailors were murdered by our navy, and the survivors were left to die at sea.
newrepublic.com/post/207429/...

06.03.2026 12:29 πŸ‘ 9848 πŸ” 4703 πŸ’¬ 559 πŸ“Œ 635
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FT comments section this morning - saying what everyone else is thinking, right?

05.03.2026 07:15 πŸ‘ 17171 πŸ” 5986 πŸ’¬ 515 πŸ“Œ 492

Anarcho-tyranny?

06.03.2026 12:44 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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Trump’s Orwellian Board of Peace Consists Entirely of Human Rights Abusers An Intercept analysis finds that every single Board of Peace member state has been rebuked for human rights violations.

Trump’s Orwellian Board of Peace Consists Entirely of Human Rights Abusers

But the greatest offender to peace on the Board is the United States.

🧡mega-thread🧡

theintercept.com/2026/03/02/t...

05.03.2026 17:25 πŸ‘ 156 πŸ” 77 πŸ’¬ 9 πŸ“Œ 7
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Watch Rep Joe Neguse (D-CO) take apart Kristi Noem (R-SD) with surgical precision over her corrupt and fraudulent $200 million no bid ad campaign for DHS. This man never ceases to amaze me with how good he is at this. Great job congressman!!🎯🎯🎯

04.03.2026 20:34 πŸ‘ 1809 πŸ” 541 πŸ’¬ 70 πŸ“Œ 22

it's a real achievement to develop a policy that so many macroeconomists could agree on

05.03.2026 15:14 πŸ‘ 392 πŸ” 71 πŸ’¬ 2 πŸ“Œ 1
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05.03.2026 15:18 πŸ‘ 67 πŸ” 29 πŸ’¬ 2 πŸ“Œ 6
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Next, @abbystein.bsky.social from @jfrejnyc.bsky.social speaks about how New Yorkers are immigrants and it’s morally bankrupt and historically inaccurate to spin it any other way. We must protect and support immigrants.

05.03.2026 15:00 πŸ‘ 9 πŸ” 3 πŸ’¬ 1 πŸ“Œ 0
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CORREA: What do you suggest I tell my constituents? Have a passport with you all the time?

NOEM: No. I would tell your citizens to be grateful they live in this country where President Trump is upholding the law. We will help them self-deport.

CORREA: These are American citzens!

04.03.2026 17:39 πŸ‘ 4597 πŸ” 1349 πŸ’¬ 236 πŸ“Œ 132

Hey that’s about the cost of the SSI Restoration Act, which would cut recipient poverty by 60%, eliminate marriage penalties, and modernize draconian asset limits.

04.03.2026 19:54 πŸ‘ 2190 πŸ” 690 πŸ’¬ 41 πŸ“Œ 15
New York City Mayor Zohran Mamdani and Roosevelt Institute President and CEO Elizabeth Wilkins.

New York City Mayor Zohran Mamdani and Roosevelt Institute President and CEO Elizabeth Wilkins.

On Thursday, CEO @elizabethwwilkins.bsky.social met with @mayor.nyc.gov to talk about what it takes to governβ€”investing in public capacity and building the talent pipeline to deliver for working people. That’s the Roosevelt tradition: pairing big ideas with the capacity to deliver lasting results.

04.03.2026 13:34 πŸ‘ 58 πŸ” 11 πŸ’¬ 2 πŸ“Œ 9

While the McDonald’s CEO gets roasted for his awkward burger taste test...

McDonald’s is among the top employers of workers who rely on food stamps.

And McDonald's CEO recently raked in $18.2M β€” over 1,000x the company's median employee pay.

That should leave a bad taste in your mouth.

04.03.2026 00:04 πŸ‘ 12351 πŸ” 3715 πŸ’¬ 402 πŸ“Œ 138
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The Feds Targeted Charlotte. Now a Local Democrat Who Helped ICE Faces Voters. - Bolts North Carolina lawmaker Carla Cunningham voted to mandate compliance with ICE, and derided immigrants on the House floor. The Democrat faces an intense March primary.

JUST IN: North Carolina's Dem lawmaker Carla Cunningham gave the GOP the decisive vote to pass a law forcing police to comply with ICE. She said "all cultures are not equal."

She just lost reelection BIG in the Dem primary to a progressive pastor & activist, Rodney Sadler. 70% to 22%!

Context:

04.03.2026 04:03 πŸ‘ 5866 πŸ” 1517 πŸ’¬ 131 πŸ“Œ 270

I have been told the Israeli government has used the mysterious and vile ancient act of Jewish wizardry known as "asking," and our president had no defense against such powerful mystical forces unleashed in a conspiracy against him. Pray for our nation.

04.03.2026 02:17 πŸ‘ 164 πŸ” 22 πŸ’¬ 6 πŸ“Œ 0

i wind up tweeting this basically every time there's an article like this, but the fundamental thing to me: ask yourself whether you earnestly believe there's more social pressure to be trans, or more social pressure to be cis. it's actually a super easy one!

04.03.2026 03:26 πŸ‘ 1120 πŸ” 222 πŸ’¬ 12 πŸ“Œ 2

Hiring the dregs of Liberty Law School for the DOJ is the legal equivalent of drafting 13-year-olds into the infantry

03.03.2026 14:08 πŸ‘ 2111 πŸ” 459 πŸ’¬ 47 πŸ“Œ 10

I make exceptions for people who have genuinely and fully acknowledged what they got wrong, and who seem to have learned from their mistakes. E.g.:

balloon-juice.com/2008/03/21/m...

03.03.2026 16:41 πŸ‘ 40 πŸ” 12 πŸ’¬ 2 πŸ“Œ 0

My report with @jacklandry.bsky.social estimating the impacts of the SSI Restoration Act of 2024 is out today! If you enjoyed the earlier blog preview you really ought to check it out! And it turns out this is timely: Rep. Grijalva is introducing the SSI Restoration Act of 2026 this week.

03.03.2026 14:32 πŸ‘ 37 πŸ” 17 πŸ’¬ 1 πŸ“Œ 2