via the American Affairs Journal:
The Debt-Equity Distinction: A Century of Policy by Accident
by Daniel Peris
published in their Fall 2026 edition
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via the American Affairs Journal:
The Debt-Equity Distinction: A Century of Policy by Accident
by Daniel Peris
published in their Fall 2026 edition
:::
For years, China’s rising power has rested on a fragile balance of economic freedom and political control, in what early Party reformers called the “birdcage economy”—airy enough to allow enterprises to thrive, but not capacious enough to sacrifice power. That arrangement has rarely looked more tenuous.
~ Evan Osnos via The New Yorker
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The Only Living Pickpocket in New York featuring Tatiana Maslany, John Turturro, Giancarlo Esposito, and Steve Buscemi. Distributed by Sony Pictures.
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Call me a romantic, but I believe that there will be a future, and indeed a long future, beyond 2027. History will not end. We need to cultivate the skill of exact thinking in demented times.
~ Dan Wang via his 2025 letter
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