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laca.bsky.social
Economist
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The Federal Reserve is not as independent from the executive branch as we’d like to think. The NY Fed just cancelled this Thursday’s @aeacswep.bsky.social reception at #EEA2025 and withdrew from our summer fellowship program. Both support women and underrepresented groups in economics. #EconSky

There was a time when going to the US academic job market with Political Economy as a field was suicide. This put students mostly from developing countries at a disadvantage in the market. I wonder what US Econ academia thinks now. #econsky

Same, but with historical climate data. If you’re feeling helpless, here’s a concrete thing you can do: go to NCAR, choose a specific dataset, start systematically downloading, organizing, & storing it. The more distributed the data is, the harder it will be to make Science go away. #ClimateSky 📉📈

In @nytopinion.nytimes.com The first two weeks into President Trump's second tour in the White House "have seen so many lines crossed in the pursuit of his agenda that anyone who believes in the Constitution and honest governance should be worried," the editorial board writes.

Did you know that if the price of an uber/lyft doubles, the payment to the driver doesn’t increase nearly as much? Uber/lyft are just squeezing you, and using the “there is high demand so we need to increase prices to get more drivers” so that you are willing to pay. #econsky

Meritocracy is not possible with implicit biases. The “DEI or meritocracy” discourse is absurd.

All NIH study sections canceled indefinitely. This will halt science and devastate research budgets in universities.

JFC. Musk, Bezos and Zuckerberg are in the front row at the #inauguration. They are sat IN FRONT of Trump’s Cabinet. The era of oligarchy. (📸: Julia Demaree Nikhinson, AFP)

This is how feeling untouchable looks like

Voting with their feet

#econsky, can information provision be an effective way of solving incentive problems? What’s your take?

Happy 2025 y’all 🥂 #econsky

Musk’s wealth in 2012: $2 Billion Musk’s wealth in 2024: $447 Billion Bezos’s wealth in 2012: $18 Billion Bezos’s wealth in 2024: $249 Billion Zuckerberg’s wealth in 2012: $44 Billion Zuckerberg’s wealth in 2024: $224 Billion Minimum wage in 2012: $7.25 Minimum wage in 2024: $7.25

We make a monthly donation to Wikipedia and I encourage you to consider doing so too.

This is likely also true in corporate America #econsky

Get a library card even if you're not planning to use it. It impacts their funding.

People sometimes make fun of science that sounds stupid and random. Meanwhile, a study of lizard saliva turned into a peptide medication, which was turned into a diabetes medication, which was turned into a GLP1 weight loss drug, that just became the first therapy every approved for … sleep apnea

We need to provide incentives via collective action. If you have UnitedHealthCare, talk to your coworkers and ask your company to change insurance provider

Did you know women used to be charged more than men for health insurance, just because they were women? The Affordable Care Act ended this. Pass it on.

This is insane.

The best books of 2024, as chosen by The Economist www.economist.com/culture/2024...

A May study in the Lancet estimated that vaccines against 14 common pathogens have saved 154 million lives over the past 50 years, a rate of six lives every minute.

And this is why Apple can charge outrageous prices

The problem isn’t government waste. The problem is that billionaires don’t pay taxes.

Promising. The question is: would they go back to the previous situation if the help is interrupted after a while?

Great paper. It made me think of one of my favorite talks on the subject. “She may have an inkling that she is working twice as hard for half as much” youtu.be/lrYx7HaUlMY?... Strongly recommend to watch it #EconSky

Cheering for @austinfrerick.bsky.social Go get them! #econsky

We often forget how many aspects of life have dramatically improved in recent history

It’s always reassuring to see proof that incentives still incentivize people #econsky

1/ X's algorithm was changed in mid-July 2024 to systematically boost Republican-leaning accounts and Elon Musk's own account following his endorsement of Donald Trump, according to a newly released computational study of engagement from the Queensland University of Technology.⬇️

Tell me about network effects without telling me about network effects #econsky