Reposted by EOCScott Lincicome @scottlincicome.bsky.social · 29/09/2026New @nberpubs: "Importers, Market Power and Optimal Tariffs" www.nber.org/papers/w3582... "the optimal tariff is negative and decreases with country size." 😯 0114
EOC @orcma.bsky.social · 28/09/2026Will never be a fan of using equity values to try to estimate economic fundamentals like this, but implied productivity gains seems especially sus. 000
EOC @orcma.bsky.social · 23/09/2026Seems like many problems in the thinking here could be resolved by simply observing the relevant markets 071
EOC @orcma.bsky.social · 23/09/2026Huh. Does he think they’re called penny loafers because they’re cheap? 1180
EOC @orcma.bsky.social · 23/09/2026They could be perving out up there. They don’t let you check after 9/11. 010
EOC @orcma.bsky.social · 23/09/2026US CO2 emissions peaked 20 years ago ourworldindata.org/grapher/prod...ourworldindata.orgTerritorial and consumption-based CO₂ emissionsConsumption-based emissions include those from fossil fuels and industry. Land-use change emissions are not included. 1240
Reposted by EOCBill McBride @calculatedrisk.bsky.social · 16/09/2026All current policy is bad for housing ... 0349
Reposted by EOCAaron Sojourner @aaronsojourner.org · 17/08/2026Monopsony Makes It Big by an all-star roster: @sydneecaldwell.bsky.social @arindube.bsky.social & Suresh Naidu #EconSky www.nber.org/papers/w3560... 0139
Reposted by EOCSecretary of Defense Rock @sodrock.bsky.social · 14/08/2026Wait, you need bases in order to supply and operate ships? 2946955
EOC @orcma.bsky.social · 12/08/2026Nonstore retail (ie online) has supposedly been responsible for most of the boom in applications. Probably includes a lot of paper reorgs to manage supply chains/shipping end to end wrt to tariffs. 000
Reposted by EOCPayton Chung @westnorth.com · 11/08/2026The difference between market-rate housing and subsidized housing is the subsidy, not the housing -- and the subsidy is usually added long after rezoning. Here are many examples: ggwash.org/view/104401/...ggwash.orgWant more subsidized housing? Start by building any housingMost subsidized or “affordable” housing in America was not initially built as such. It makes little sense to oppose new homes because they are not subsidized from the very start; those homes very well... 1226
Reposted by EOCDavid Wessel @davidmwessel.bsky.social · 08/08/2026Harvard's Gabe Chodorow-Reich reminds Kevin Warsh that academic & Fed economists have long been working on the questions he is asking about inflation, data, etc. Also, he notes, there is no task force on how the Fed should respond to a large and growing federal debt. www.nytimes.com/2026/08/07/o...nytimes.comOpinion | At the Fed, Kevin Warsh’s Silence Speaks Volumes (Gift Article)The success of his chairmanship may rest on an issue that sits outside the traditional purview of monetary policy: the nation’s ongoing fiscal deficits. 0118
Reposted by EOCKarthik Sankaran @rajakorman.bsky.social · 07/08/2026It is very important that the Fed react to a world with significantly higher economic and geopolitical uncertainty by meeting less frequently so that it can respond either belatedly or with seemingly panic-stricken intermeeting responses. 69814
EOC @orcma.bsky.social · 07/08/2026The revision was part of the annual population update that incorporated demographics from the 2020 census. Basically, we were always older than we thought we were, which lowered our estimate of LFPR www.bls.gov/cps/methods/...bls.gov 000
EOC @orcma.bsky.social · 07/08/2026Not quite true: the ~0.5pp drop in Jan 2026 was a revision that dates back to 2020, but isn’t incorporated into the official series 100
Reposted by EOCCarl Quintanilla @carlquintanilla.bsky.social · 07/08/2026FT: ".. Washington’s sales of euros .. were 'very striking' and 'sad' .. ".. 'This has never happened before,” they added, saying that decades of close co-operation .. may have come under threat." @financialtimes.com www.ft.com/content/d992...ft.comUS euro sale to prop up yen blindsided ECBChristine Lagarde and Scott Bessent spoke only after Washington’s historic intervention 1620974
Reposted by EOCJustin Fenton @justinfenton.bsky.social · 06/08/2026A Columbia woman has been feeding vultures on her property to the tune of as much as 200 pounds of chicken per day; county health officials are taking action, reports @lillianreed.bsky.social www.thebanner.com/community/lo...thebanner.comVultures flock to a Columbia neighborhood where woman won’t stop feeding them raw meatVultures have descended on the Glenmont community in Columbia, where a woman won’t stop feeding them raw meat despite repeated orders. 53611
Reposted by EOCDaniele Girardi @dgirardi.bsky.social · 06/08/2026🚨New version (1.0.3) of *lpdid* STATA command, which implements Local Projections Difference-in-Differences🚨 ssc install lpdid, replace The update fixes 2 bugs that could arise when using pmd() option in datasets with missing values or repeated oneoff treatments. No change outside those settings. 1137
Reposted by EOCDario Perkins @darioperkins.bsky.social · 06/08/2026lovely blog from @roblind.bsky.social on Warsh and why he doesn't yet have the credibility to drive his reform effort. Perhaps - just perhaps - that is also why his FOMC colleagues are so free with their "backroom gossip"? robertlind529294.substack.com/p/warsh-is-s... 3126
EOC @orcma.bsky.social · 06/08/2026Nobody nowhere in any situation whatsoever should be getting economic advice from kevin warsh. 000
Reposted by EOCKimberly Clausing @kclausing.bsky.social · 03/08/2026Out today: part 2 of my blog with Maurice Obstfeld on why so-called "optimal" tariffs are not optimal. Within, we discuss the latest research on tariff incidence, and what we've learned from the Trump tariffs so far... 0136
Reposted by EOCReconstructionist @unavaleable.bsky.social · 29/07/2026Oh my god he's so fucking real 823830
Reposted by EOCTatyana Deryugina @tderyugina.bsky.social · 20/07/2026Do you find it really difficult to keep track of the ridiculous amount of wrongdoing by the #Trump administration? Here's a handy reference to keep on hand, organized by type and severity (and updated monthly). ruleoflawfail.comruleoflawfail.comUndermining the Constitution: The US Administration's Attack on the Rule of Law 1176
EOC @orcma.bsky.social · 27/07/2026Ah yes the uniquely American value of not killing one’s own children 000
EOC @orcma.bsky.social · 27/07/2026I’m reading and enjoying Emily Wilson’s odyssey but my god is she up her own ass here www.lrb.co.uk/the-paper/v4...lrb.co.uk 100
Reposted by EOCScott Lincicome @scottlincicome.bsky.social · 27/07/2026New @nberpubs: "Immigration and Macroeconomic Outcomes in OECD Countries" www.nber.org/papers/w3552... "Immigration from non-OECD countries was a significant predictor of GDP per worker growth, primarily through higher investment." 1135
Reposted by EOCThe French Republican Calendar @sansculottid.es · 25/07/2026Today is Octidi the 8th of Thermidor in the year 234. Thermidor is the month of heat. Today we celebrate safflower. #JacobinDay See today's page 010027
Reposted by EOCCineCalendar @cinecalendar.bsky.social · 26/07/2026Jul 26th 1971 - Inspector William Armstrong interviewed a man who claimed that a person he previously worked with, Arthur Leigh Allen, might be the Zodiac killer. 📽️📅 Depicted in Zodiac (2007) 1368
Reposted by EOCCineCalendar @cinecalendar.bsky.social · 26/07/2026Jul 26th - George Webber's driving license expired. He found this out after crashing into a police car. 📽️📅 10 (1979) 0203
Reposted by EOCHelen Kennedy @helenkennedy.com · 25/07/2026The wild eyed radical communist continues to destroy capitalism www.theguardian.com/us-news/2026...theguardian.com‘I’m over the moon’: New York’s small business owners rejoice as Mamdani cuts red tapeInitiatives including cutting permits just to serve ice-cream amount to a sweeping program of deregulation 263443632
Reposted by EOCAdam Serwer @adamserwer.bsky.social · 24/07/2026The racist backlash to Chris Nolan’s Odyssey is a kind of stolen valor, an attempt by the right to claim credit for achievements they had nothing to do with in order to justify racial hierarchy in the present. www.theatlantic.com/ideas/2026/0...theatlantic.comThe Fear of Black GreeksWhite people don’t own the accomplishments of ancient Greece. 642758666
EOC @orcma.bsky.social · 23/07/2026Bee flying around the metro and landing on people’s heads. Watch out! 000
EOC @orcma.bsky.social · 23/07/2026Only superficially, though. CPI is better than it used to be but there is still a wide gulf between what we would ideally do to address substitution bias that and what is or even can be done right now, mostly because official price data are so limited. 000
EOC @orcma.bsky.social · 23/07/2026This is actually correct, and why, for example, the chained CPI exists. More generally superlative price indices like fisher, tornqvist, and sato-vartia are the best approximations of a true cost-of-living index because they account for the value of consumer substitution. 120