Senior Fellow for Antimonopoly and Finance @demandprogress. 🤟🏼 👩‍🦰 👧🏼 👦🏼 + friends, 🏃‍♂️ in Takoma Park, MD. I study 🇩🇪 history, hauntingly relevant.

Takoma Park, MD
“We must embrace the antimonopoly spirit that has animated American debates about finance for more than 250 years.” This article lays out how Dodd-Frank failed, and why antimonopoly thinking can animate a response the next time Wall Street crashes the economy. 1/17
2
10
14
2,332
Carter Dougherty retweeted
This @TheEconomist story on the winners and losers from Trumponomics is fantastic and highlights just how REGRESSIVE his (and GOP) policies have been. * Tariffs will cost the average household $1,100 this year (per Yale’s Budget Lab) * The war in Iran will cost the average household another $1,000 (per Yale’s Budget Lab) * Removing Obamacare subsidies raised average premiums for individual insurance purchased on exchanges by $800 a year (per KFF) The story has a chart that shows the impact of Trump’s policies by income decile, revealing how the poorest took the biggest income blow, while the richest did the best. And this chart vastly understates the disparity in impact, as a 3% lift on an income of $500K is much larger in dollar terms than a 3% drop in income for the poorest. This is the choice in the election. Vote Republican if you believe in regressive policies. Vote Democratic if you believe in progressive policies.
4
23
40
1,406
Carter Dougherty retweeted
Wave elections happen due to anger at the other party, actual realignments happen due to *governance* by the party in power. Black voters picked Hoover in 1932, flipped to Dems in 1934 because they saw how FDR governed.
The big blue wave is coming. But this does not mean Democrats have permanently solved their working-class problem or have a grander vision for 2028 and beyond. rosselliotbarkan.com/p/the-d…
7
20
116
4,301
Carter Dougherty retweeted
This guy has the funniest instincts I’ve ever seen in an executive. A genuine gift for saying weird and off putting shit like “I can’t imagine raising a kid without ChatGPT” or “it takes a lot of energy to raise a child too” or “it’s more important data centers get RAM.” A real talent
🦔Sam Altman says it’s “quite terrible” for regular people to keep so much memory in their own computers. He told the Cheeky Pint podcast that home PCs only use their RAM about 5% of the time. In his view, the world’s limited supply of memory does more good in the cloud. My Take He said this the same day Intel blamed expensive memory for a drop in PC sales. My car stays parked for most of the day too, and I’m not selling it to rent one by the hour. OpenAI earns its money when you rent its computers instead of using your own, so of course Altman wants the memory in his data centers. I think he worries about local AI more than he lets on, because people who run good models at home have less reason to pay for ChatGPT. Hedgie🤗
122
314
3,787
76,149
This is hilarious and touching at the same time
For fifty eight years, my boss in Tokyo believed that beef should be sliced as thin as paper. In Japan, we cook thin meat for four seconds in boiling broth. That is our way. Then last month, the YouTube algorithm showed Director Sato a video of a man in Texas smoking a brisket. It changed his life. On Monday morning, he called me to his desk. His eyes were bloodshot. "Have you seen this?" he whispered, turning his monitor toward me. "The American pitmaster does not sleep for sixteen hours. He sits by the fire in the dark. He guards the meat like a castle." I said, "Sir, it is just a barbecue." He slammed his hand on the desk. "This is not cooking," he said. "This is a vigil." Last Saturday was our annual company picnic by the river in Kanagawa. Normally, we grill thin meat and yakisoba for two hours and go home at 2:00 PM. I arrived at 9:30 AM to help set up. Director Sato was already there. I want to be accurate here: he had been sitting in a folding chair since 10:00 PM on Friday night. He was wearing a towel around his head and staring at a massive black barrel smoker he had imported from Oklahoma. Inside I said: THIS MAN HAS ABANDONED CORPORATE LIFE FOR THE SMOKE. When we tried to help him, he held up a pair of metal tongs and clicked them twice. "Step back," he said calmly. "The stall has begun. Nobody opens the lid." Twelve Japanese accountants stood in complete silence around a barrel for four more hours. Nobody dared to eat a single noodle until he gave the signal. At 1:45 PM, he sliced the meat. It fell apart on the cutting board. My boss looked at the pink smoke ring, nodded once, and wiped a single tear from his cheek. He has already submitted an official budget request for a trailer smoker for next fiscal year.
45
Carter Dougherty retweeted
Regarding refinery strikes. There has been an established pattern. Whenever Ukraine showed restraint, or halted strikes on refineries, Russia simply continued its strike campaign against Ukraine’s energy infrastructure, and continued to strike civilian targets in cities.
48
989
5,246
150,308
A Nader story from @HeathaT!
“The best thing that could happen for the Democrats is for Schumer and Jeffries to be voted out in January" As the Trump admin rips the guts out of the pro-consumer laws that are his life's work, @RalphNader has some advice for a @DNC that still wants nothing to do with him...
1
121
Hahahahahahaha ... Just like Jay Powell's desire to be re-nominated played no role in his awakening to the need for higher rates the weekend after Biden did the deed?
Q: "Did the midterms factor into the Fed's decision to stay on hold?" Warsh: "Politics played no role in the decision."
78
Carter Dougherty retweeted
New resolution from @USProgressives chair @RepCasar and @RepMaxineWaters calls on Congress to oppose bailouts for AI companies.
NEW: In a pre-emptive move, House Democrats have introduced a resolution that Congress should not bail out AI firms in the event of a financial crisis and should be subjected to the ordinary bankruptcy process. prospect.org/2026/10/28/hous…
1
15
44
3,402
Carter Dougherty retweeted
Marc, you wrote the Pentagon’s case for Iraq while St. John Paul II begged America not to invade. Two decades later you helped sell Trump on another disastrous war and spent eight months attacking Pope Leo XIV for opposing it. You’re in no position to lecture anyone about scandal to the Church.
Were you in the room when he decided to abandon his long-held support for the Hyde Amendment and support taxpayer-funded abortion on demand up till the moment of birth? His presidency was a scandal to the Catholic Church and you perpetuate that scandal by holding him up as an example for Catholics in public life.
14
39
309
13,092
If a federal judge gives final approval to a flawed proposal to settle merchants’ antitrust lawsuit over @Visa and @Mastercard #creditcard #swipefees, it “would put the full force of the judiciary behind practices that are crassly anticompetitive” and endorse “a joint monopolization scheme masquerading as a settlement,” @demandprogress Senior Fellow Carter Dougherty says. @CarterD @Capitol_Forum tinyurl.com/4fferme8
1
1
83
Carter Dougherty retweeted
Quite a balance sheet here
This is the most important part of Anthropic's S-1 filing. It tells you that if Anthropic fails to IPO and convert the huge amount of promissory notes it issued into shares that can be dumped right away in the market for cash, its $ 100B+ cash will go poof in the blink of an eye
2
4
712
Carter Dougherty retweeted
One of the smaller threats to our democracy is that powerful people write nonsense like this and other smart people nod along as if the nonsense is pushed in good faith. This isn’t high minded Sorkin, it’s bank propaganda. bloomberg.com/opinion/articl…
5
15
1,357
Remind me again why Pete Rose is not in the Baseball Hall of Fame?
1
63
Get the cash before the bubble bursts ... Wonder what kind of lockup periods the execs will have.
AI giant Anthropic files to go public. Its stock market debut would come as the company's CEO has warned about the tech's potential damage to humanity. cnn.it/4z6ecvF
3
149
Viva o Brasil! 🇧🇷 🇧🇷 🇧🇷
51
With #creditcard and #debitcard #swipefees costing merchants nearly $200 billion a year while card networks have net profit margins around 50%, the U.S. payments system is “a hot monopolized mess in which efficiency is mythical and choice illusory,” @demandprogress Senior Fellow Carter Dougherty says. #CreditCardCompetitionAct @CarterD @RogerMarshallMD @SenLummis @SenAngusKing @SenatorDurbin @SenPeterWelch @LanceGooden @berniemoreno @RepZoeLofgren @DemJournal tinyurl.com/48bw69dh
1
1
120
Carter Dougherty retweeted
“There’s just no evidence that the bottom line of the S&P 493 is getting any boost from AI. Profit margins are not growing. Revenue per employee is not growing.” @apolloglobal Chief Economist Torsten Slok on AI’s impact beyond the Mag 7: cnbc.com/video/2026/10/23/ap…
10
11
29
8,424
Carter Dougherty retweeted
“I think Americans feel like the corporate class would feed us sawdust if they could and charge a premium." Private equity is coming for local restaurants.
7
97
422
7,163