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Jonathan A. Parker

@profjaparker.bsky.social
2.4K followers 127 following 750 posts

Economist. Evidence-based economics and finance, humor, and frustration with extremism and divisiveness. mitmgmtfaculty.mit.edu/japarker to verify that this is me.

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Reposted by Jonathan A. Parker
Toby Nangle @tobyn.bsky.social · 30/09/2026
🚨 A mind blowing database of bank runs www.ft.com/content/80c7...
ft.com
Bank runs are almost always justified
Or, at least, that’s what the data seems to suggest
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Jonathan A. Parker @profjaparker.bsky.social · 24/09/2026
After missing my connection, I’m in Copenhagen without a lot of sleep so this may bit a bit too something, but I’m having a moment appreciating globalization, at the restaurant bar, a glass of French wine, people with ancestry from all over, & old slow southern rock in the air.
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Jonathan A. Parker @profjaparker.bsky.social · 18/09/2026
Trump working on it!
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Jonathan A. Parker @profjaparker.bsky.social · 18/09/2026
Yeah, I heard this years ago. Great students who could change the world handing out lanyards and proselytizing. Organized EA is kind of like economics or utilitarianism repackaged with lots of ick.
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Jonathan A. Parker @profjaparker.bsky.social · 18/09/2026
Good management matters . . . www.therebuild.pub/p/how-the-mt...
therebuild.pub
How the MTA Learned to Build Again
Last week, the MTA announced something that American transit agencies almost never get to announce: it finished a major infrastructure project 60 months ahead of schedule and $195 million under budget...
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Jonathan A. Parker @profjaparker.bsky.social · 18/09/2026
lol. Loopholes not just for the rich! Unlike the rich, Medicare recipients don’t have to pay large fees to AQR.
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Jonathan A. Parker @profjaparker.bsky.social · 11/09/2026
Like Trump with Iran, Bessent poked the bear and revealed his own weakness. Investors need to be convinced that American exceptionalism is going to return. Instead, Bessent tried price controls in our borrowing market when we now owe over $30 trillion, a move worthy of a Maduro, Peron, or Castro.
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Jonathan A. Parker @profjaparker.bsky.social · 10/09/2026
I was not sure my responses to Cointelegraph.com ("The future of money") would get included in their article, but yes. And the writer & editor also nailed my tone! Is there a sweet spot level for crypto exposure in a diversified retirement portfolio? Yes, zero. cointelegraph.com/magazine/is-...
cointelegraph.com
Is Bitcoin Too Volatile To Risk Your Retirement On?
Even if you firmly believe Bitcoin is the future of finance, there are good reasons not to bet your entire retirement portfolio on its success.
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Jonathan A. Parker @profjaparker.bsky.social · 10/09/2026
Tired: see Figure C.19 in on-line appendix C Wired: see Figure C.19 with a glass of Barolo by the stained glass in apse C
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Reposted by Jonathan A. Parker
METR @metr.org · 09/09/2026
We have reached an agreement with Anthropic to conduct an independent investigation of agent incidents at the company and of their models’ alignment properties. We will publish one or more reports that will share our findings and describe our terms of engagement.
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Jonathan A. Parker @profjaparker.bsky.social · 05/09/2026
Looking forward to Monday’s celebration of workers and the passive aggressive commentary aimed at retirees who are living off their ownership of the means of production.
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Jonathan A. Parker @profjaparker.bsky.social · 04/09/2026
Yup. Don’t believe social media hype. College is mostly the same as when you went there. This Is the Real Point of College www.nytimes.com/2026/09/04/o...
nytimes.com
Opinion | This Is the Real Point of College
It’s all about the practice of freedom.
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Jonathan A. Parker @profjaparker.bsky.social · 04/09/2026
Illegal tender?
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Jonathan A. Parker @profjaparker.bsky.social · 03/09/2026
Four votes at this point
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Reposted by Jonathan A. Parker
Paul Kiernan @pkwsj.bsky.social · 03/09/2026
SEC moves to rescind its “pay-to-play” rule, which is exactly what it sounds like. The rule (for now) prohibits fund managers from “donating” to politicians who could turn and award them taxpayer dollars. www.sec.gov/newsroom/pre...
sec.gov
SEC Proposes Rescission of Political Contribution Rule for Investment Advisers
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Jonathan A. Parker @profjaparker.bsky.social · 03/09/2026
One effect of AI is that GDP per agent has become incredibly volatile due to the denominator
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Jonathan A. Parker @profjaparker.bsky.social · 03/09/2026
Most kids who graduate NYC Schools get no more education, 17% don’t graduate HS. If you don’t have them using AI tools now aren’t you failing a generation? NYC not preparing them to work, but to be reliant on subsidized groceries?
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Reposted by Jonathan A. Parker
NBER @nber.org · 01/09/2026
Documenting an increase in US income risk from 1969 to 2019, distinguishing permanent from transitory risk, from J. Carter Braxton, Kyle F. Herkenhoff, Chengdai Huang, Michael Nattinger, Jonathan L. Rothbaum, and Lawrence D.W. Schmidt www.nber.org/papers/w35664
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Reposted by Jonathan A. Parker
Erika McEntarfer @erikamcentarfer.bsky.social · 01/09/2026
This change grants Commerce political appointees veto power over data and research releases by scientists and statisticians at NOAA, NIST, Census, and BEA.
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Anna Stansbury @annastansbury.bsky.social · 31/08/2026
*When unions increase wages, who pays?* It's normally hard to answer this Q: unions don't behave randomly, they respond to firm conditions, & firm data is hard to get. Our setting in Norway tackles both... 🧵on our paper (@microsamonomics.bsky.social Alex Willen) academic.oup.com/qje/advance-...
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Yuriy Gorodnichenko @ygorodnichenko.bsky.social · 31/08/2026
War doesn't just destroy factories and kill people — it makes everything left standing less productive. New paper shows half of #Ukraine wartime output collapse comes from allocative TFP loss: resources are trapped in the wrong places. The hidden cost of war is misallocation. tinyurl.com/54w5chce
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Jonathan A. Parker @profjaparker.bsky.social · 29/08/2026
For me, it’s been Pepe’s above all others since high school, and it’s pizza nirvana not oasis www.cnn.com/travel/new-h...
cnn.com
A New England oasis with a century-old pizza scene | CNN
The college town of New Haven isn’t the capital of Connecticut, but it is the state’s cultural capital. And the pizza capital, too.
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Jonathan A. Parker @profjaparker.bsky.social · 28/08/2026
Forward guidance?
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Jonathan A. Parker @profjaparker.bsky.social · 27/08/2026
It was destiny mendoza.nd.edu/mendoza-dire...
mendoza.nd.edu
Mendoza College of Business
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Reposted by Jonathan A. Parker
METR @metr.org · 26/08/2026
METR and Redwood Research investigated agent behavior in the Hugging Face incident. We found agents developed a universal cheat for ExploitGym within 4 hours, then coordinated multi-day R&D efforts to trick the scorer into accepting cheats, including trying to tamper with logs.
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Jonathan A. Parker @profjaparker.bsky.social · 26/08/2026
Ah, Boston… geoffboeing.com/2018/07/comp...
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Jonathan A. Parker @profjaparker.bsky.social · 24/08/2026
Should be a good read.
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Reposted by Jonathan A. Parker
Erika McEntarfer @erikamcentarfer.bsky.social · 23/08/2026
Michael Lewis’ new book ‘Blockers’, coming out 10/6, is about the early days of DOGE and the civil servants who stood in their way. This should be a fascinating read: www.rizzolibookstore.com/product/bloc...
rizzolibookstore.com
Blockers: Rebels in the Deep State by MICHAEL LEWIS - Book: 9781324131656 | Rizzoli Bookstore
Buy now Blockers: Rebels in the Deep State by MICHAEL LEWIS available for just $29.99. Published by W. W. Norton & Company, this Non-Fiction book is a must-read. Order today and enjoy fast shipping.
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Jonathan A. Parker @profjaparker.bsky.social · 23/08/2026
I LOLed. Sure, let’s go back to the time when life expectancy was 30, infant mortality probably 50%, poverty was universal. And to ignore all the more recent evidence. Wow. Right up there with Trump suggesting military intervention in the bond market. www.nytimes.com/2026/08/22/o...
nytimes.com
Opinion | An Ancient Sumerian Solution to Our $40 Trillion Deficit
In the ancient world, debt forgiveness was a regular tool to control the economy. Why have we forgotten it?
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Reposted by Jonathan A. Parker
bjkeefe @bjkeefe.bsky.social · 19/08/2026
In case others are wondering: "I asked a wide range of crypto experts about the Trump family’s involvement in the industry, and more than half pointed me to an independent analyst, Molly White ..." gift link, if anyone wants: www.nytimes.com/2026/08/18/o...
nytimes.com
Opinion | ‘A Blatant and Gargantuan Conflict of Interest’ (Gift Article)
The Trump family’s crypto business exemplifies all of the sleaziest aspects of the president’s code of conduct.
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Jonathan A. Parker @profjaparker.bsky.social · 18/08/2026
Congratulations to MAGA Republicans, interest costs now consume more of Federal tax revenues than ever before in U.S. history!
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Jonathan A. Parker @profjaparker.bsky.social · 18/08/2026
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Jonathan A. Parker @profjaparker.bsky.social · 04/08/2026
High recommend this great accessible set of papers on the economics of tariffs, thanks to all the authors: www.aeaweb.org/issues/857
aeaweb.org
Journal of Economic Perspectives
Vol. 40 No. 3 Summer 2026
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Jonathan A. Parker @profjaparker.bsky.social · 17/08/2026
I feel heard. Finally. But I am worried enough to do something about it, which means I am (and have been) willing to pay more taxes and get fewer benefits (although I would still sometimes sit in the sun under a beach umbrella).
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Jonathan A. Parker @profjaparker.bsky.social · 16/08/2026
The U.S. should join Europe! Who says no? We get the ECB backstop for our fiscally irresponsible government and they get a country that starts new companies.
static.klipy.com
Kristen Bell Crying Laughing
ALT: Kristen Bell Crying Laughing
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Jonathan A. Parker @profjaparker.bsky.social · 16/08/2026
If you don’t first understand how much better the world is today than at any other point in human history, and *why* that is, then the solutions you believe in for today’s problems are probably wrong.
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Jonathan A. Parker @profjaparker.bsky.social · 16/08/2026
I recommend following @Noahpinion for the substantive takes, but completely understand if you instead block him for the bunnies.
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Reposted by Jonathan A. Parker
James Myall @jamesxmyall.bsky.social · 15/08/2026
Another way of saying this is that if you give seniors artificially low property taxes, you end up locking young people out of the housing market.
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Patrick Chovanec @prchovanec.bsky.social · 15/08/2026
I was told we were eliminating the entire national debt and that it would be so easy.
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Jonathan A. Parker @profjaparker.bsky.social · 16/08/2026
OMG we will be in trouble when this first generation of already-wild AIs are teenagers
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Jonathan A. Parker @profjaparker.bsky.social · 15/08/2026
“The Met Warehouse’s conversion began in the late 2010s…” And “The makeover of the building also represents a collaboration between the City of Cambridge and MIT. Because the Metropolitan Storage Warehouse is a historically listed building,…”
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Jonathan A. Parker @profjaparker.bsky.social · 15/08/2026
Finally, great news for anyone who drives up Vassar street
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Jonathan A. Parker @profjaparker.bsky.social · 15/08/2026
My car has an Econ setting. It’s boring. I’m offended.
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Jonathan A. Parker @profjaparker.bsky.social · 12/08/2026
“…the obvious answer is that AI is turning out — so far — to be much more of a complement to human labor rather than a substitute. That may change, of course… And yet so far, AI is working like a normal technology.”
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Jonathan A. Parker @profjaparker.bsky.social · 11/08/2026
Canada is definitely enjoying the MAGA Republican failed war in Iran, given tariff flip flops and capricious use of U.S. power against Canada. Unfortunately, and much less funny, our enemies are also enjoying this American weakening.
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Reposted by Jonathan A. Parker
Aaron Rupar @atrupar.com · 07/08/2026
Trump takes a break from fear-mongering about communism to brag about seizing the means of production: "We had a problem with Intel. And we settled the problem. They gave us 10% of the company. That was worth $12 billion."
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Michael Clemens @mclem.org · 07/08/2026
The shameful and illegal campaign to fire @drlisadcook.bsky.social has risen from the grave. The allegations against her are false: www.wsj.com/economy/cent... Political seizure of independent central banks causes financial crises: doi.org/10.1016/j.jf...
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Jonathan A. Parker @profjaparker.bsky.social · 07/08/2026
‘I Was So Wrong’: Iranians Say Trump’s Promises Never Came True www.nytimes.com/2026/08/07/u...
nytimes.com
Iranians Say Trump’s Promises Have Fallen by the Wayside as Iran War Drags On
As President Trump struggles to extricate the United States from the war in Iran, his promises to protesters in the country have fallen by the wayside.
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Jonathan A. Parker @profjaparker.bsky.social · 07/08/2026
Why Stefanie won the Clark Medal in economics www.aeaweb.org/articles/pdf...
aeaweb.org
An Error Occurred Setting Your User Cookie
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Jonathan A. Parker @profjaparker.bsky.social · 05/08/2026
Huge insight-per-page ratio in each of these two accessible “state of econometrics” papers, one on weak instruments and one on leniency designs www.aeaweb.org/issues/857
aeaweb.org
Journal of Economic Perspectives
Vol. 40 No. 3 Summer 2026
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