Chirag Lala
@cthelala.bsky.social
14K followers 5K following 2K posts
Indian-American. VP of Research & Chief Economist at Center for Public Enterprise. PhD Candidate at UMass Economics. Macro + Finance + Industrial Policy + Decarbonization + Grids + Investment https://publicenterprise.org/author/chirag/
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cthelala.bsky.social
Made what I believe to be the first "Macroeconomics and Finance" starter pack! Do send me recommendations or requests to join.

It's a broad umbrella - so not just for economists! Practitioners, industry, and adjacent policy folks are all welcome.
go.bsky.app/PF8LBMv
Reposted by Chirag Lala
sharonk.bsky.social
i think the key to understanding a lot of establishment discourse is that basically only the left and liberals are capable of being viewed as subjects capable of judgement which is why GOP rule is essentially treated as a force of nature
victorerikray.bsky.social
The media trots out the "deplorable" comment from a decade ago to castigate the left. Once a week now Trump implies that the military should destroy democrats, and it is just how things are.
atrupar.com
Trump to the Navy: "We have to take care of this little gnat that's on our shoulder called the Democrats."
cthelala.bsky.social
Isn’t there a thing with Westminster systems of a leader seeking a safe seat post-leadership-selection?
cthelala.bsky.social
My current curiosity for UK politics: does Burnham take the leadership?
cthelala.bsky.social
@jmooreotto.bsky.social content! Spent the afternoon trainspotting the commuter rail with him.
cthelala.bsky.social
Back in NYC for Climate Week. Cheers to this glorious city.
Reposted by Chirag Lala
walmsley.bsky.social
something to note is that the reason this is possible is the perpetual limbo our immigration system keeps people in. the solution to this is not just limiting the power of the presidency, it is making it easier for people to become fully citizens, with all the protections that entails
gergely.pragmaticengineer.com
Those on an H1B cannot return to the US from tomorrow (Sunday) unless paying $100K. This is an out-of-the blue presidential action. We’ll see software engineers stranded abroad.

One easy to predict outcome: those on US visas will travel less… for work, for conferences etc.
Reposted by Chirag Lala
jacquelyngill.bsky.social
For those who aren't familiar, H1B visas aren't just used in the tech industry. They are also widely used by universities, hospitals, engineering firms, and other industries that rely on extensive training. Fees were previously under $5k -- still high, but doable, and many employers would pay them.
gergely.pragmaticengineer.com
Those on an H1B cannot return to the US from tomorrow (Sunday) unless paying $100K. This is an out-of-the blue presidential action. We’ll see software engineers stranded abroad.

One easy to predict outcome: those on US visas will travel less… for work, for conferences etc.
cthelala.bsky.social
Imagine accusing Japan and Singapore of transcending cold economic calculus.
cthelala.bsky.social
The “common and enduring culture” is as vibes-y and anti-material as the “Japanese social norms are what let them have trains and clean streets” we sometimes hear as an explanation of Japan’s livability.
sharonk.bsky.social
Paul Embery open a single book on Japan challenge
But you need only look at a country such as Japan to
see that this isn’t the case. A highly civilised, advanced
democracy, Japan maintains rigid control over
immigration — not by closing its borders completely,
but simply by ensuring the numbers are modest and
manageable — while fostering a deep and abiding sense of
patriotism and belonging among its people. A common
and enduring culture, built on socially conservative
values, helps to sustain a universal moral code. Japan
is a nation whose citizens feel they are part of something greater than themselves. That belief, that sense
of themselves as one nation and one people, transcends
cold economic calculus (though it is also worth pointing
out that much of Japan’s post-war economic success
was built around the type of Keynesian interventionism
that any party of the mainstream Left could embrace).
Ask the people of Japan whether they would wish to see
their country become suddenly more liberal and cosmopolitan, and its borders more porous, and most would
likely say no.
cthelala.bsky.social
The funny thing about “voters chose deflation” is that it makes the same infamous assumption from the 1970s that deflation is what must accompany stagnation.
cthelala.bsky.social
Seeing commentary in India amounting to “look what your striving got you, NRIs.”

Trumpist xenophobia here reinforcing anti-emigrant prejudices abroad.
cthelala.bsky.social
Good addition!

I was the thinking of stuff like the flight experience, larger cars, QR codes in restaurants, tourist destinations et al.
Reposted by Chirag Lala
cthelala.bsky.social
Last hurrah for me and the tax credits till IRA 2.0!

Leased my first EV!
Reposted by Chirag Lala
sharonk.bsky.social
(1) Wasn't this basically the IRA and IIJA?

(2) Isn't the main reason we observe these huge omnibus bills because Congress fails to legislate normally?
matthewraskob.bsky.social
A couple of weeks ago I was reading something (I forget the provenance) that suggested Democrats should learn from the Republicans’ success passing a single, massive bill containing their priorities, & I really think that would be a gravely wrong lesson to take.
Reposted by Chirag Lala
jamellebouie.net
there will not be a liberal unitary executive. it is possible, perhaps, to have a liberal imperial congress and we should strive for it.
cthelala.bsky.social
The lawyers v engineers debate is silly.

Everyone knows economists should rule.
Reposted by Chirag Lala
jricole.bsky.social
20% of India's trade is with the US and its nominal GDP is now bigger than Britain's and by PPP exceeds Japan's. It is among the fastest growing world economies. If you can't figure out that universities should be teaching Hindi, Urdu and Sanskrit you deserve to decline into irrelevance
ismipratima.bsky.social
This is how I feel every time I talk to someone about these cuts and feel this implicit expectation that I have to convince them by defending the importance of language learning. Just because the world has gone mad doesn’t mean I’m the one who has some explaining to do.
Excerpt from an op ed by Daisy Rockwell: “As I write these lines, I struggle to explain why humanistic study and language learning are not only important to the University of Chicago, but to our society at large. I struggle, because the importance of such things are truths that I, and many of my peers, hold to be self-evident. Why is there a sudden race to embrace a future where robots replace us all? Why is there an ardent hope that it will no longer be necessary to learn how to speak new languages or translate literature? Why is there a longing to see human knowledge production fail in the face of machine learning? What makes a future ruled by Dr. Who–style Daleks so attractive to, well, just about everyone in charge?”
cthelala.bsky.social
I live in VT so it's very easy to do day trips.

Really curious if there was a decade when it "NYC-ified" or if Montreal was always such a great place for tourism and urban life. (Quebecois politics being a big asterisk on education, immigration, and services unfortunately)
cthelala.bsky.social
This from @aarmlovi.bsky.social is the best path forward with AVs. It's also @johnericson.me thought iirc.

Labor, congestion, vehicle utilization, and safety are all constraints on mobility (and hence growth). Let's use automation to tackle all and enhance our transit systems.
Reposted by Chirag Lala
organizingpower.bsky.social
If you had told me in 2012 that Mitt Romney’s presidential campaign manager would be posting like this 13 years later i would not have believed you
Tweet from Stuart Stevens:

When Democrats take the House, they must understand they are not a governing party.
They are a dissident movement.
Act like it.
First day:
- cut off all funding of Exec. Branch
-vote to nationalize Starlink and SpaceX
-defund ICE
That's the first day.
On the second, get more aggressive.
There is nothing in the middle of the road but yellow lines and dead armadillos.