Justin Bloesch
@justinbloesch.bsky.social
Assistant Professor at Cornell. Macro, labor, inequality. "Bloesch" rhymes with "mesh".
Reposted by Justin Bloesch
We need to eliminate woke in universities and also math is subjective
FOX: If you cut something by 100%, the cost goes down to 0. If you cut it by 600%, the drug companies are actually paying you
LUTNICK: What he's saying is if a drug was $100 and you bring it down to $13, it's down 7 times
F: Not a 600% cut
L: But it's 700% higher price before. It's down 700% now
LUTNICK: What he's saying is if a drug was $100 and you bring it down to $13, it's down 7 times
F: Not a 600% cut
L: But it's 700% higher price before. It's down 700% now
December 19, 2025 at 4:11 AM
We need to eliminate woke in universities and also math is subjective
Reposted by Justin Bloesch
Rep. Ritchie Torres (D-NY) and Rep. Mike Lawler (R-NY) have introduced legislation in Congress that directs HUD to write "model code language, best practices, and technical guidelines" for single-stair buildings up to five stories docs.house.gov/meetings/BA/...
docs.house.gov
December 3, 2025 at 6:51 PM
Rep. Ritchie Torres (D-NY) and Rep. Mike Lawler (R-NY) have introduced legislation in Congress that directs HUD to write "model code language, best practices, and technical guidelines" for single-stair buildings up to five stories docs.house.gov/meetings/BA/...
Reposted by Justin Bloesch
This is incredible (good news too): “After a 40% fall in 2024 in battery equipment costs, it’s clear we’re on track for another major fall in 2025…The economics for batteries are unrecognizable, & the industry is only just getting to grips with this new paradigm”
www.pv-magazine.com/2025/12/12/b...
www.pv-magazine.com/2025/12/12/b...
Batteries now cheap enough to make dispatchable solar economically feasible
Energy think tank Ember says utility-scale battery costs have fallen to $65/MWh outside China and the United States, enabling solar power to be delivered when needed.
www.pv-magazine.com
December 14, 2025 at 5:07 PM
This is incredible (good news too): “After a 40% fall in 2024 in battery equipment costs, it’s clear we’re on track for another major fall in 2025…The economics for batteries are unrecognizable, & the industry is only just getting to grips with this new paradigm”
www.pv-magazine.com/2025/12/12/b...
www.pv-magazine.com/2025/12/12/b...
Reposted by Justin Bloesch
Probably the most constructive thing you’ll read today.
GOLDMAN: “.. Shelter inflation is set to sustainably undershoot its pre-pandemic pace. .. PCE housing inflation will slow to .. 2.1% year-over-year in December 2026. .. another reason we expect near-target inflation next year.”
GOLDMAN: “.. Shelter inflation is set to sustainably undershoot its pre-pandemic pace. .. PCE housing inflation will slow to .. 2.1% year-over-year in December 2026. .. another reason we expect near-target inflation next year.”
December 12, 2025 at 6:08 PM
Probably the most constructive thing you’ll read today.
GOLDMAN: “.. Shelter inflation is set to sustainably undershoot its pre-pandemic pace. .. PCE housing inflation will slow to .. 2.1% year-over-year in December 2026. .. another reason we expect near-target inflation next year.”
GOLDMAN: “.. Shelter inflation is set to sustainably undershoot its pre-pandemic pace. .. PCE housing inflation will slow to .. 2.1% year-over-year in December 2026. .. another reason we expect near-target inflation next year.”
Reposted by Justin Bloesch
Word for the day: Fiscal dominance.
December 12, 2025 at 9:18 PM
Word for the day: Fiscal dominance.
Reposted by Justin Bloesch
It turns out that once you correct for this error, unemployment is actually rising faster for NON-degree workers - meaning that explanations in terms of AI replacing the college-educated workforce don't make much sense, and this looks a lot more like an across-the-board labor market slowdown.
October 10, 2025 at 2:47 PM
It turns out that once you correct for this error, unemployment is actually rising faster for NON-degree workers - meaning that explanations in terms of AI replacing the college-educated workforce don't make much sense, and this looks a lot more like an across-the-board labor market slowdown.
Reposted by Justin Bloesch
This is what I think the goods-producing sector in America is doing right now — “We now have a better handle on what tariffs are doing to our business, and in response we’re cutting staff and/or doing more offshoring”:
December 1, 2025 at 3:26 PM
This is what I think the goods-producing sector in America is doing right now — “We now have a better handle on what tariffs are doing to our business, and in response we’re cutting staff and/or doing more offshoring”:
Question for folks - where in NIPA is the spending on data center construction? I can’t seem to figure this out.
December 1, 2025 at 3:18 PM
Question for folks - where in NIPA is the spending on data center construction? I can’t seem to figure this out.
Reposted by Justin Bloesch
Weird, I thought it was totalitarian censorship to sideline people with views you don’t agree with
"elevate charismatic figures such as Alan Dershowitz"
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November 25, 2025 at 4:04 AM
Weird, I thought it was totalitarian censorship to sideline people with views you don’t agree with
Reposted by Justin Bloesch
“The internet revealed a different reality: Modern roles are bundles. Technologies typically hit routine tasks first, then workflows, and only later reshape jobs, with second‑order hiring around the backbone.” www.wsj.com/tech/ai/inte...
How the Internet Rewired Work—and What That Tells Us About AI’s Likely Impact
Pundits in the late 1990s offered all sorts of predictions about how the internet would affect jobs. For the most part, they were way off.
www.wsj.com
November 23, 2025 at 12:14 PM
“The internet revealed a different reality: Modern roles are bundles. Technologies typically hit routine tasks first, then workflows, and only later reshape jobs, with second‑order hiring around the backbone.” www.wsj.com/tech/ai/inte...
Reposted by Justin Bloesch
this defies parody. also helps explain why Sec Bessent bizarrely blamed immigrants when confronted with a question about high beef prices
November 20, 2025 at 4:58 PM
this defies parody. also helps explain why Sec Bessent bizarrely blamed immigrants when confronted with a question about high beef prices
Reposted by Justin Bloesch
New Indeed posted wage growth data out yesterday -- 2.38% year on year, a new low in this cycle
November 19, 2025 at 8:58 PM
New Indeed posted wage growth data out yesterday -- 2.38% year on year, a new low in this cycle
Reposted by Justin Bloesch
Honor Tally: Larry Summers is no longer affiliated with the Hamilton Project or the Center for American Progress
👏
👏
November 19, 2025 at 12:51 AM
Honor Tally: Larry Summers is no longer affiliated with the Hamilton Project or the Center for American Progress
👏
👏
Reposted by Justin Bloesch
1/ Egalitarianism should begin at home. I link to this article by @bencasselman.bsky.social in light of the communications between Larry Summers and Jeffrey Epstein that have just been released. The released emails and the fact of friendship are vile.
www.nytimes.com/2021/02/23/b...
www.nytimes.com/2021/02/23/b...
For Women in Economics, the Hostility Is Out in the Open (Published 2021)
www.nytimes.com
November 15, 2025 at 4:32 PM
1/ Egalitarianism should begin at home. I link to this article by @bencasselman.bsky.social in light of the communications between Larry Summers and Jeffrey Epstein that have just been released. The released emails and the fact of friendship are vile.
www.nytimes.com/2021/02/23/b...
www.nytimes.com/2021/02/23/b...
Reposted by Justin Bloesch
So many people, including me, misinterpreted 2024 as an affirmation of fascism, when the reality is that it was a collective demand to press the Cheap Groceries Button.
But again: There is no Cheap Groceries Button and a politics in which elections hinge on its existence seems highly unstable.
But again: There is no Cheap Groceries Button and a politics in which elections hinge on its existence seems highly unstable.
This has gotten lost: Abigail Spanberger won big after vowing to RESCIND Glenn Youngkin's executive order directing local cooperation with ICE and voting AGAINST the anti-immigrant Laken Riley Act. Yet she gained bigly with working class.
New piece laying this out:
newrepublic.com/article/2030...
New piece laying this out:
newrepublic.com/article/2030...
November 12, 2025 at 7:12 PM
So many people, including me, misinterpreted 2024 as an affirmation of fascism, when the reality is that it was a collective demand to press the Cheap Groceries Button.
But again: There is no Cheap Groceries Button and a politics in which elections hinge on its existence seems highly unstable.
But again: There is no Cheap Groceries Button and a politics in which elections hinge on its existence seems highly unstable.
Reposted by Justin Bloesch
I received this email about Democrats caving to end the shutdown from one of the SNAP recipients I spoke to:
November 10, 2025 at 2:17 PM
I received this email about Democrats caving to end the shutdown from one of the SNAP recipients I spoke to:
Reposted by Justin Bloesch
It's crazy how much the answer to a simple question like 'how confident are American consumers feeling about their current situation?' varies depending on how you measure the concept.
Conference Board: "Not as good as a year ago, but still above average."
University of Michigan: "WORST EVER!"
Conference Board: "Not as good as a year ago, but still above average."
University of Michigan: "WORST EVER!"
November 10, 2025 at 11:27 AM
It's crazy how much the answer to a simple question like 'how confident are American consumers feeling about their current situation?' varies depending on how you measure the concept.
Conference Board: "Not as good as a year ago, but still above average."
University of Michigan: "WORST EVER!"
Conference Board: "Not as good as a year ago, but still above average."
University of Michigan: "WORST EVER!"
Reposted by Justin Bloesch
Still upset about no power of the purse language. You truly do hate to see it. The Trump admin undertook the most expansive set of illegal budgetary actions of any president in history, and broadcast as loudly as possible they’d keep doing it, and nothing. Budgetary lawlessness.
November 10, 2025 at 2:00 AM
Still upset about no power of the purse language. You truly do hate to see it. The Trump admin undertook the most expansive set of illegal budgetary actions of any president in history, and broadcast as loudly as possible they’d keep doing it, and nothing. Budgetary lawlessness.
Reposted by Justin Bloesch
The coordinated nature of this—none are facing voters in 2026—means that either Schumer approved it or failed in his job as Senate Majority Leader to stop it.
Dems voting "no" get zero credit until they demand a change in leadership. Schumer out as Leader, Durbin out as Whip.
Dems voting "no" get zero credit until they demand a change in leadership. Schumer out as Leader, Durbin out as Whip.
so currently defectors are:
Kaine (2030)
Shaheen (Retiring)
Hasan (2028)
Fetterman (2028)
Durbin (Retiring)
CCM (2028)
Rosen (2030)
King (2030)
Kaine (2030)
Shaheen (Retiring)
Hasan (2028)
Fetterman (2028)
Durbin (Retiring)
CCM (2028)
Rosen (2030)
King (2030)
November 10, 2025 at 2:43 AM
The coordinated nature of this—none are facing voters in 2026—means that either Schumer approved it or failed in his job as Senate Majority Leader to stop it.
Dems voting "no" get zero credit until they demand a change in leadership. Schumer out as Leader, Durbin out as Whip.
Dems voting "no" get zero credit until they demand a change in leadership. Schumer out as Leader, Durbin out as Whip.
Reposted by Justin Bloesch
It was totally working. They were going to have to blow up the damned filibuster.
November 10, 2025 at 3:11 AM
It was totally working. They were going to have to blow up the damned filibuster.
Reposted by Justin Bloesch
Chris Murphy: "There will be pretty substantial damage to a Dem brand that has been rehabilitated if on the heels of an election in which the people told us to keep fighting, we immediately stop... if we surrender without having gotten anything, I worry it'll be hard to get them back up off the mat"
November 7, 2025 at 2:54 PM
Chris Murphy: "There will be pretty substantial damage to a Dem brand that has been rehabilitated if on the heels of an election in which the people told us to keep fighting, we immediately stop... if we surrender without having gotten anything, I worry it'll be hard to get them back up off the mat"
Reposted by Justin Bloesch
Tell all the people whose premiums go up that they should be happy because you negotiated a symbolic failed vote to happen before hand.
Sen. Tim Kaine statement "on the funding deal to reopen government, protect federal employees, and vote to protect health care"
bluevirginia.us/2025/11/sund...
bluevirginia.us/2025/11/sund...
November 10, 2025 at 1:15 AM
Tell all the people whose premiums go up that they should be happy because you negotiated a symbolic failed vote to happen before hand.
Reposted by Justin Bloesch
agreeing to make a terrible deal while your main opponent is quite literally being boo'd on live tv by an entire stadium of people is the kind of political instinct you'd normally only find in a 3 week old dead goldfish
November 10, 2025 at 12:36 AM
agreeing to make a terrible deal while your main opponent is quite literally being boo'd on live tv by an entire stadium of people is the kind of political instinct you'd normally only find in a 3 week old dead goldfish
Reposted by Justin Bloesch
Staggering off-cycle overperformance by the opposition, now time to take all the enthusiasm of the base and watch it explosively drain out like it's an overstuffed tank of molasses on January 15, 1919
November 9, 2025 at 11:22 PM
Staggering off-cycle overperformance by the opposition, now time to take all the enthusiasm of the base and watch it explosively drain out like it's an overstuffed tank of molasses on January 15, 1919
Reposted by Justin Bloesch
Mitch McConnel's singular political insight is that Presidents get punished for Congressional obstinancy and he used that insight to get the Right an unbreakable majority on the Supreme Court, so of course Chuck Schumer's iteration on it is to proactively let democrats take blame after tangible harm
November 9, 2025 at 11:13 PM
Mitch McConnel's singular political insight is that Presidents get punished for Congressional obstinancy and he used that insight to get the Right an unbreakable majority on the Supreme Court, so of course Chuck Schumer's iteration on it is to proactively let democrats take blame after tangible harm