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machineecon.bsky.social
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@machineecon.bsky.social
I teach economics at a small, private college.
Originally from Somewhere in Middle America. I like fun socks.
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Also, when you defy Trump, you’re kind of implicitly making fools of the elite law firms and universities and media companies and billionaires and Congress, which is fun.
January 17, 2026 at 2:16 PM
Susan Collins thinks they've learned their lesson.
January 17, 2026 at 3:52 AM
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Trump is not omnipotent. He exists within a web of institutions. His authority is not unlimited. It appears that way largely because his allies occupy key places — Congress — that could provide a meaningful check. Important to understand his actual reach and the limits of that reach. (14/14)
January 15, 2026 at 10:17 PM
Of course no one told the founders about Lerner Symmetry.
en.wikipedia.org/wiki/Lerner_...
Lerner symmetry theorem - Wikipedia
en.wikipedia.org
January 14, 2026 at 10:18 PM
Just as I mention every year when I teach international trade.
January 14, 2026 at 10:16 PM
Ok but please don't plot time series data with bars.
January 14, 2026 at 1:07 AM
Maybe it's because they delete your preferences and personal data to protect your privacy.
a man in a suit and tie is making a funny face while holding a glass of wine .
Alt: Henry Hill (Ray Liotta) laughs hysterically at the restaurant in the movie Good Fellas
media.tenor.com
January 14, 2026 at 12:47 AM
I didn't say they can't. I said they make chi m the choice not to, and the grade they earn reflects their mastery it lack thereof.
January 13, 2026 at 3:25 PM
I can't do the work for them any more than a doctor can quit smoking, eat healthy food, or exercise for their patients.
January 13, 2026 at 3:23 PM
Also, your thought experiment doesn't flip the question how you think. When grades vary employers can conclude that a 4.0 student is a good student; when grades don't vary, good students appear the same as mediocre ones, increasing the value of other signals (school rank, internships, activities).
January 13, 2026 at 1:28 PM
Everyone getting As is fine in a platonic ideal world where grading norms didn't affect effort or learning. In practice, two things cause grade inflation: lower rigor in what is taught and lower standards for work that receives an A, resulting in less effort and lower competency at the end.
January 13, 2026 at 1:28 PM
Proud bots, oath creepers 3 perverters...
January 12, 2026 at 4:13 PM
Rolling em up!
January 9, 2026 at 2:21 AM
I'm tempted to agree, except pirate ships were often very democratic and egalitarian with respect to the distribution of spoils.
www.jstor.org/stable/10.10...
An‐arrgh‐chy: The Law and Economics of Pirate Organization on JSTOR
Peter T. Leeson, An‐arrgh‐chy: The Law and Economics of Pirate Organization, Journal of Political Economy, Vol. 115, No. 6 (December 2007), pp. 1049-1094
www.jstor.org
January 8, 2026 at 4:24 PM
Thanks for doing the back of the envelope calculation. I remember thinking about the same thing but was too lazy to look it up.
January 7, 2026 at 2:45 AM
This is the kind of intersectionality bluesky needs more of.
January 7, 2026 at 12:50 AM