iiinova — where your digital self keeps evolving

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

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

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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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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Reposted by Jonathan A. Parker

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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Reposted by Jonathan A. Parker

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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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 · 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 · 19/08/2026

I’ve noticed an increasing number of empty Acme boxes around our neighborhood

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Jonathan A. Parker @profjaparker.bsky.social · 19/08/2026

Thus the attention to r-g ! Economic growth or low interest rates both help make debt sustainable. Trend inflation is (tax code aside) irrelevant. Surprise inflation reduces debt today, but raises fears of surprise inflation in the future and makes debt more costly in the future.

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Jonathan A. Parker @profjaparker.bsky.social · 19/08/2026

The right way depends on the question. Bit the ratio of real interest payments to gdp measures share of gdp required to service debt to maintain its real value. ((The real interest less the growth in real potential gdp)*debt)/gdp would measure share of gdp required to keep debt to gdp constant.

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Jonathan A. Parker @profjaparker.bsky.social · 18/08/2026

The problem with this is that in interest rates can move a lot in a short amount of time. But if you want to focus on this, use real interest payments. Nominal interest rates are higher for steady high π, and lower for steady low π, but this difference is irrelevant for the burden of the debt.

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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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Reposted by Jonathan A. Parker

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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Reposted by Jonathan A. Parker

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 · 16/08/2026

Yes, I have admired its evolution into something that looked like it was going to be really nice old+modern. And I look forward to touring it. But I suspect that there was a lot of time (16 year “process”) and money (discoveries not made?) spent vs. if we just had a cool new building from scratch.

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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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