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Reposted by Patrick Schneider

Henry Mance @henrymance.ft.com · Jun 27

Jaw-dropping reporting by Haaretz www.haaretz.com/israel-news/...

Patrick Schneider @patricksecon.bsky.social · Jun 4

AI is getting to be as smart as a PhD - the kind of PhD who would fabricate all the data for a research paper on the impact of AI.

amandaguinzburg.substack.com/p/diabolus-e...

Diabolus Ex Machina

This Is Not An Essay

amandaguinzburg.substack.com

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Josh Marshall @joshtpm.bsky.social · May 30

As I note here, really zero reason to believe Elon is stepping away from anything. This is all a crisis comms campaign. talkingpointsmemo.com/edblog/dont-...

Don’t Fall For Elon Inc.’s Press Campaign

We’re in the midst of a storm of articles — variously encomiums,...

talkingpointsmemo.com

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Andrea Matranga @andreamatranga.bsky.social · May 29

The tragic landslide in Blatten gives me the excuse to tell you the story of how we found out Ice Ages existed. It's a cool story and the most important bit is rather similar to what's happening now.

Melaine Le Roy @subfossilguy.bsky.social · May 29

Aerial view westward over the Blatten deposit and the newly formed lake upstream! 🧊🌊

📷Via Christian Petit/Linkedin

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Patrick Schneider @patricksecon.bsky.social · May 27

You should team up with Matt Levine: everything is either a bank or securities fraud (and why not both?)

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Patrick Schneider @patricksecon.bsky.social · May 27

One of the central points in Plato’s Republic, isn’t it?

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Noah Rosenblum @narosenblum.bsky.social · May 24

The real problem with the Supreme Court’s expected Fed carve out is not that it lacks a principle but that the real principle isn’t articulated. The reason it will carve out the Fed is functional but it won’t say that. And its jurisprudence doesn’t leave room to ventilate the functional arg.(1/8)

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Monica Marks @monicamarks.bsky.social · May 22

A man named Elias Rodriguez just shot dead two Israeli embassy staffers at a Jewish museum in DC, shouting “free Palestine!”

An awful, criminal act that puts Israel back in a victim position. I’ve never seen a just cause attract such a high % of counterproductive “allies.” 🧵

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Patrick Schneider @patricksecon.bsky.social · May 21

Sigmund Freud’s ‘psychology’ is still getting parents in hot water

Lee Hurley @hleehurley.com · May 21

The Times blaming Malcolm X today

Malcolm X’s politics are still driving us apart
A hundred years after his birth, the activist’s views on race, identity, capitalism and slavery retain a divisive currency - Daniel Finkelstein

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Patrick Schneider @patricksecon.bsky.social · May 17

In this paper my coauthor and I find you can’t rationalise mandatory contributions and tax concessions as an optimal policy *unless* the concessions solve a political problem (in our paper, they’re necessary to get new workers to opt into the system)

tinyurl.com/mr8y9ph9

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Patrick Schneider @patricksecon.bsky.social · May 17

Why? As OP notes you can’t give the whole of society a tax break. Concessions on retirement contributions just mean higher taxes on something else -> optimal choice depends on the marginal social impact of each of these two taxes

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Patrick Schneider @patricksecon.bsky.social · May 17

Correct take. If it’s good to force people to save for retirement, we don’t need to also compensate with tax breaks.

This is true even if we’re only trying to force some people to save (eg because they have present bias)

David Sligar @davidsligar.bsky.social · May 17

the weirdest argument for a tax break is the vague idea of moral ‘compensation’ for forced saving under super. if super is a net good for people, why does it require consumption? if not, why do we do it? a totally discretionary policy we then ‘compensate’ people for. makes no sense

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Lydia Polgreen @polgreen.bsky.social · May 16

My god. What an abomination. www.nbcnews.com/politics/nat...

Trump administration working on plan to move 1 million Palestinians to Libya

Details are murky and no final agreement has been reached, but the plan is under serious enough consideration that the administration has discussed it with Libyan leadership.

www.nbcnews.com

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Patrick Schneider @patricksecon.bsky.social · May 16

That’s a remarkable level of hubris if so. The UK’s sluggish productivity growth was the main economic issue before being eclipsed (in the news) by Brexit and Covid

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Ben Ansell @benansell.bsky.social · May 16

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Patrick Schneider @patricksecon.bsky.social · May 16

Which is stunning, given how their campaign promises all hinged on those unplanned policies getting growth going again

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Patrick Schneider @patricksecon.bsky.social · May 16

The ISA landscape is so confused.

Exhibit 2: one of the main types of ISA is called ‘Stocks and Shares ISA’. Two words for the same security.

Patrick Schneider @patricksecon.bsky.social · May 16

The ISA landscape is so confused.

Exhibit 1: you can keep funds in cash within a stocks and shares ISA. Removing the Cash ISA would just preference one type of institution over another (banks).

on.ft.com/4mjY2ZI UK ministers consider cutting tax-free cash Isa allowance

UK ministers consider cutting tax-free cash Isa allowance

City groups think such a move will attract money into equity funds and domestic shares

on.ft.com

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Patrick Schneider @patricksecon.bsky.social · May 14

yeah on second glance I was wrong - the surpluses of the other countries add up to more than the UK and US deficits, so your OP was the right interpretation; apologies

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Patrick Schneider @patricksecon.bsky.social · May 14

The US’s deficit is the bit that’s unexplained by the bars in the graph

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Patrick Schneider @patricksecon.bsky.social · May 12

Can confirm from my own experience - we always put my name first, but the doctor & school always call my wife first.

From the abstract: "Our findings underscore a process through which agents outside the household contribute to within-household gender inequalities." Indeed.

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Patrick Schneider @patricksecon.bsky.social · May 12

New NBER WP by @kbuzard7.bsky.social @laurakgee.bsky.social and @olgastoddard.bsky.social finds mums are 1.4x more likely than dads to get a callback from schools, despite no request for the skew.

Who You Gonna Call? Gender Inequality in External Demands for Parental Involvement

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

www.nber.org

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Tomas Hirst @tomashirstecon.bsky.social · May 11

This Labour government’s apparently policy in office is to somehow improve growth/productivity while attempting to force a larger share of the overall workforce into lower value add employment and undermining profit centres. It’s definitively an unconventional approach!

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Patrick Schneider @patricksecon.bsky.social · May 9

This would *add* an inflationary bias into the optimal policy rule. The fed has no control over tax and spend, but the denominator and numerator act differently when there’s inflation inflation so…

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Reposted by Patrick Schneider

Financial Times @financialtimes.com · May 7

Opinion from the FT's Editorial Board: 'The US and European countries that tout Israel as an ally that shares their values have issued barely a word of condemnation. They should be ashamed of their silence, and stop enabling Netanyahu to act with impunity.' www.ft.com/content/f5fd...

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