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Emmanuel Macron
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Elles l’ont fait ! Pour la première fois, les Bleues sont en finale de la Coupe du monde de basketball. Encore une marche. Tout le pays avec vous.
elles sont encore
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18 September
Prime Minister of Canada since March 2025; formerly governor of the Bank of Canada and the Bank of England.
Short L’Europe et le Canada sont forts séparément. L’Europe et le Canada sont encore plus forts ensemble. Europe Related
12 September
Economist; former chief economist of the International Monetary Fund.
From Nicolas Dufrene's @nico_dufrene answer to Quentin @QuentinVandewe2 and me in Le Monde: "Et qui paie ? Seulement la banque centrale qui rémunère les réserves bancaires. Et encore, si l’on veut éviter de prolonger cette rémunération – la seule objection technique qui subsiste une fois les autres écartées –, une solution existe : la banque centrale peut simplement cesser de les rémunérer et augmenter les réserves obligatoires. Blanchard et Vandeweyer le reconnaissent, mais qualifient cela de « répression financière ». Qu’on en juge : les banques perdraient alors une rémunération injustifiée… English, from French And who pays? Only the central bank, which remunerates bank reserves. And even then, if we want to avoid prolonging this remuneration – the only technical objection that remains once the others are dismissed – a solution exists: the central bank can simply stop remunerating them and increase mandatory reserves. Blanchard and Vandeweyer acknowledge this, but call it "financial repression." Make of that what you will: banks would then lose an unjustified remuneration…
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10 September
President of the European Commission since 2019; previously Germany's defence minister.
Mathematician at UCLA, working mainly in harmonic analysis and partial differential equations. Writes What's new, a long-running blog on their research, open problems and expository notes.
"Toutes les grandes personnes ont d'abord été des enfants. (Mais peu d'entre elles s'en souviennent.)" [All grown-ups were once children... but only few of them remember it.] Antoine de Saint-Exupéry, "Le Petit Prince." An impromptu game of "who can name the largest number?" is an example I often point to as a way in which young children teach each other about non-trivial mathematical ideas and facts, such as infinity and the concept of proof by contradiction (embodied in this case by one child eventually realizing that they can defeat any other child's guess by adding "plus one" to that gues… Related
6 September
Economist; former chief economist of the International Monetary Fund.
Quelle eloquence ! Quelle incomprehension de l'economie ! (ou peut-etre quel cynisme? Comment distinguer entre les deux?) Je me permets de reproduire le debut mon article du Monde, avec Quentin Vandeweyer, sur l'annulation de la dette detenue par la banque centrale. Le point de base est simple: Au mieux, ca ne sert a rien. Les details sont plus compliques, mais ne changent pas la conclusion, ou la rendent pire. Une mesure a eviter a tout prix. " Pierre et Paul possèdent ensemble une entreprise. Vous êtes le banquier de celle-ci et vous lui avez prêté de l’argent. Vous apprenez un matin que Pi… English, from French What eloquence! What a misunderstanding of economics! (or perhaps what cynicism? How to distinguish between the two?) I take the liberty of reproducing the beginning of my article in Le Monde, with Quentin Vandeweyer, on the cancellation of debt held by the central bank. The basic point is simple: At best, it's useless. The details are more complicated, but they don't change the conclusion, or they make it worse. A measure to be avoided at all costs. "Pierre and Paul together own a company. You are its banker and you have lent it money. You learn one morning that Pi...
lemonde.fr
Quoting @JLMelenchon La Banque centrale européenne possède une quantité énorme de dette de l'État français. Je propose à tous les États de la zone euro d'annuler cette dette détenue par la BCE. Nous sommes tous membres du système euro, c'est donc une dette que nous nous devons à nous-mêmes. L'officialité médiatique a t… Related
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