feudaldozing.bsky.social
He/Him. Uruguayan econ undergrad trying to figure stuff out!
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Lol I chose Nepal as an example because the IQ maps you see everywhere the online right touches all have it at ~40 points median, lowest score. Best way to show how all this stuff is totally stupid
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A single American paying a dollar more for a cheeseburger l is perceived as a bigger crisis than 1 trillion African kids dying of malnutrition. Good thing I’ll never be head of the Fed, I’d make the Volcker shock look tame out of spite
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Like, I personally truly believe in multiple intelligences, intelligence as an ordinal ranking isn’t something I actually buy, but even if you do believe that (lots of people on this site who don’t believe in IQ do), come on. The smell test is a thing
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Any chain of reasoning that leads you to the belief that 30% of the population of Nepal is in a vegetative state shows you’re clearly engaging in motivated reasoning
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Silly in a way, Evil isn’t anything new. Still though, can’t really dunk on Moskovitz. I should know better, yet I keep being surprised. Guess I’m similarly niave
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bsky.app/profile/mosk...
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You could argue that the US is so much richer that they’re post material, but it’s hard to square that with the fact that 2008 *did* have an immediate and significant electoral effect. It just didn’t stick for some reason
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A downside of potentially pursuing academic macro is that the idea of pretending I respect John Cochrane makes me want to rope
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Consequences for actions being uncertain, especially the further forward you go in time, can be a real problem for actual good faith consequentialist analysis. This isn’t really an example of that though, Hammond doesn’t believe in anything except personal enrichment
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This isn’t a rationalization lmao, he’s just self consciously evil and a liar. Man smelled a wiff of money and his eyes turned into dollar signs.
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That isn’t a sacrifice at all lol, these freaks are thirsting for the chance to sate their bloodlust. They get a hard on at the idea of killing
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Huh. ABCT but applied for politics. It’s almost certainly not true for economics, recessions are policy mistakes, Milton Friedman was right. For class churn though… no priors one way or another
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Probably the one after that. Should start showing up in unemployment insurance claims though.
bsky.app/profile/jrot...
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I used to go to half day kindergarten. Parents left me there in the morning, then at midday I got picked up by a nanny (who started work at 10 AM) or grandparents (who generally woke up rather later than the time my parents went to work
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Professor I have a question. If eventually cash reaches a low enough percentage of transactions, how feasible would it be for the Fed to get around the ELB by charging interest on deposits? (Or whatever the money supply happens to be)
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I’m typically of the mind that for all that tariffs are bad policy they don’t really move the needle macro wise, kind of like minimum wages in that way. Declaring trade war on the entire planet though…
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It’s a shame that libertarians are evil and stupid because I love their aesthetics. Like, this line is straight fire
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The *military* being the bulwark against global fascism… I guess the US wasn’t really a latin american after all
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3/ This is a general quibble of all econ textbooks, but IMO ir should be made extra clear all the time exactly what you’re referring to when speaking of “interest rates”. Not an intuitive thing at all for undergrads, can refer to a bunch of different stuff
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2/ I’d recommend adopting Perry Mehrling’s 4 prices of money framing. Especially the idea of *par*. Remarkably intuitive for framing the idea of how cash and deposits can be different by assigning a price to their conversion, for example
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1/ I think there should be a section on dollarized economies. Very important for students who later hope to work or do research about the developing world.
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There is some grey area here in that the costs of jail time may be disproportionately borne by some countries over others, but the solution to that is better extradition treaties
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Eh, Saez’s work has personally impressed me more. I do agree that the nobel would be deserved, all their work is certainly worthy
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Eh, they clearly view Saez as the more intellectual serious of the three (not necessarily incorrectly, but their dismissal of the work of the other two is clearly ideologically motivated). And it’s not like influence within the field matters that much re: dunking, we dunk on Ed Prescott all the time
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Fair enough on 1), but re: 2) the analysis focused on the effects the draft had on criminal records, which is imo a bigger price to pay
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I know it’s not quite what you mean, but we have evidence from Argentine draft lotteries that it worsens outcomes fwiw
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I don’t think they have the will to do it but democrats *could* force them to push the button with the debt ceiling
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That seems a bit more plausible but I’d also suspect that shifted leftwards post 2008.
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Like, don’t get me wrong, a Never Trump con is leagues above 99% of conservatives, but I think in this day and age, especially given edpol, American partisan lean is not quite an accurate reflection of a fields ideological lean, especially for non Americans
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“I hate pretending she has something she can teach me” what a repulsive little worm. What’s even the point of trying to find a partner if you automatically view them as inferior from the get go?
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I think the only real way you get that idea into dem congressman bloodstream is if you run for office and win