Systems Letter
Three times a week — Monday, Wednesday, and Friday — I send out a short note. Each one takes a current economic or political event and uses it as a doorway into the systems shaping it.
August 21, 2025: Clocks and Maps
The frame is set by two movements that proceed together: an accelerated timetable for force and a long-term decision about land. The first narrows time in Gaza City; the second redraws the map east of Jerusalem.
August 19, 2025: Peace as Contract
The language of peace in Ukraine has shifted. It no longer rests primarily on the silencing of weapons but on the design of guarantees.
August 16, 2025: Position Before Force
Leverage is often described as a matter of strength, but it is just as much a matter of position. A tool’s force depends on what it rests against — a structure that holds while pressure is applied. In political economy, those fixed points are consistency, time, and alignment.
August 15, 2025: The Stagecraft of Security
The arrival of federal forces in Washington began not with the sound of sirens or the weight of an unfolding emergency, but with the president’s portrayal of the city as a lawless expanse, gripped by “roving mobs” and “bloodthirsty criminals.”
August 13, 2025: When Power Decides What Counts
Economic statistics rely on a fragile balance: produced within government yet shielded from daily political influence, a separation essential to their credibility and not merely symbolic.
August 11, 2025: From Domestic Deployment to Structural Precedent
Deploying 800 National Guard troops to Washington, D.C., is framed as crime control, with officials stressing logistics and presence while downplaying their authority to detain individuals.