Alan
            
            @alangisaac.bsky.social
          
          240 followers
          250 following
          630 posts
        
          Economist and sci-fi fan.
      
        Posts
        Media
        Videos
        Starter Packs
      
    
          
              Alan
              @alangisaac.bsky.social
          
              · 14h
        
        
      
    
        
      Reposted by Alan
    
  
  
        
      Reposted by Alan
    
  
  
      Welch: "This has nothing to do with the shutdown. The law requires and the funds are available to continue SNAP right now without any interruption. So that is a decision the president is making on his own to allow people to go hungry."
    
        
      CNN: "Do you wake up worried that you and your family could go hungry?"
SNAP recipient Shari Jablonowski: "Yes. I can't afford all the bills in this house... I'm just totally screwed. I don't know else to put it."
        SNAP recipient Shari Jablonowski: "Yes. I can't afford all the bills in this house... I'm just totally screwed. I don't know else to put it."
      #wealth #inequality #economy
Trends in the Distribution of Family Wealth 1989-2022
- Congressional Budget Office (CBO)
Wealth concentrations:
Top 1% : 23 > 27%
1% - 10% : 33% > 42%
Top 10% : 56 > 69%
Bottom 90% : 37 > 33%
Bottom 50% : 6%
www.cbo.gov/publication/...
        Trends in the Distribution of Family Wealth 1989-2022
- Congressional Budget Office (CBO)
Wealth concentrations:
Top 1% : 23 > 27%
1% - 10% : 33% > 42%
Top 10% : 56 > 69%
Bottom 90% : 37 > 33%
Bottom 50% : 6%
www.cbo.gov/publication/...
        
      Reposted by Alan
    
  
  
      I like this paper by Gillingham, Kotchen, Levinsohn, and Nalebuff: www.nber.org/papers/w34413
Two main points. 1. Musk's shenanigans hurt Tesla, but increased demand for other EVs, which is a good thing in the long term. 2. It has material implications for Net Zero policies in the short term.
        Two main points. 1. Musk's shenanigans hurt Tesla, but increased demand for other EVs, which is a good thing in the long term. 2. It has material implications for Net Zero policies in the short term.
 
        