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Reposted by Peter Morrow

Chris Hayes @chrislhayes.bsky.social · 15h

I was working an entire essay on this very notion this summer and this is reminding me I should pick it back up. TL;DR - every price is someone else's income and whether prices going down on something is "good" depends a whole lot on what you do for a living.

Carl Quintanilla @carlquintanilla.bsky.social · 15h

ANDREESSEN: Even if AI ends up destroying all the jobs, “the result would be hyper-deflation of prices, which is the thing that people miss. .. Things that today cost a lot of money will all of a sudden be cheap or free.”

@fortune.com
fortune.com/2025/10/08/b...

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Peter Morrow @petermorrow.bsky.social · 1d

on.ft.com/4o7O3H0

Nobel Physics Prize awarded for quantum work powering next-gen computers

Three US-based scientists honoured for showing how strange submicroscopic effects can be harnessed in electronic devices

on.ft.com

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Reposted by Peter Morrow

Mona Paulsen @monapaulsen.bsky.social · 27d

For months, we had heard officials refer to the investment pledges. Now published, in draft form at least, by Japan’s Cabinet Secretariat, the MOU is our first opportunity to understand the architecture for foreign investments in the US. I try to answer some questions @worldtradelaw.bsky.social

Have the Japanese turned investment lemons into investment project lemonade?

Last week, the governments of the United States and Japan completed a Memorandum of Understanding (MOU) to flesh out the details of a $550 billion pledge to invest in the United States made as part of...

ielp.worldtradelaw.net

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Peter Morrow @petermorrow.bsky.social · 28d

@econuoft.bsky.social

Seema Jayachandran @seema.bsky.social · 28d

We (development econ faculty at Princeton) are hiring predocs, to start in summer 2026. Please share the application with folks who might be interested: rpde.princeton.edu/rpde-%E2%80%93-predoctoral-fellows-research-specialists-start-summer-2026
We'll review apps starting on 9/15. Thanks!

Princeton Research Program in Development Economics @princetondevo.bsky.social · Sep 8

🚨🚨 Pre-doc Hiring! 🚨🚨

We are hiring pre-docs to start in Princeton in Summer 2026, supporting Pascaline Dupas, @thomasfujiwara.bsky.social @seema.bsky.social and Mica Sviatschi. This is a great opportunity to gain experience in development economics research before applying to PhD programs. Link 👇

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Reposted by Peter Morrow

Shosh Vasserman @shoshievass.bsky.social · Sep 5

I'm hiring a predoc to work w/ me on empirical IO/applied micro projects starting in Fall '26!

Details below and instructions here: shoshanavasserman.com/call_for_pre...

International students (who need J1) are welcome & non-econ bgs are fine given interest + curiosity. Please apply :)

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Reposted by Peter Morrow

AEA Journals @aeajournals.bsky.social · Jul 15

Forthcoming in the AER: "Labor Market Power, Self-Employment, and Development" by Francesco Amodio, Pamela Medina, and Monica Morlacco. www.aeaweb.org/articles?id=...

Labor Market Power, Self-Employment, and Development

(Forthcoming Article) - This paper shows that self-employment shapes labor market power in low-income countries, with implications for industrial devel- opment. Using Peruvian data, we find that wage-...

www.aeaweb.org

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Peter Morrow @petermorrow.bsky.social · Aug 25

#GoBlue

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Peter Morrow @petermorrow.bsky.social · Aug 25

Welcome back!

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Peter Morrow @petermorrow.bsky.social · Aug 23

Super interesting discussion in the comments about what exactly the Intel-U.S. partnership does (and does not).

Raffi Melkonian @rmfifthcircuit.bsky.social · Aug 23

Look, this intel press release makes no sense to me at all.

Questions I have:

1) why would they sell shares at a discount? How is that ok?

2) how can the United States be a passive shareholder with no governance rights?

3) when is the transaction taking place?

www.intc.com/news-events/...

Intel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leadership

www.intc.com

Reposted by Peter Morrow

Bloomberg News @bloomberg.com · Aug 22

Canada will drop retaliatory tariffs on many US products that comply with the existing North American trade deal

Canada to Drop Many Retaliatory Tariffs in Olive Branch to Trump

Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal, seeking to lower tensions with the White House.

bloom.bg

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Peter Morrow @petermorrow.bsky.social · Aug 6

on.ft.com/4onVI4Z

How Trump muddles the stock market

Information overload may be contributing to the S&P 500’s resilience

on.ft.com

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Reposted by Peter Morrow

Simon Lester @simonlester.com · Jul 11

A quote from me on the Canada tariffs:

“I think the Canadians are probably used to Trump’s negotiating approach by now and are just staying focused on the substance of the talks.”

David J. Lynch @davidjlynch.bsky.social · Jul 11

www.washingtonpost.com/world/2025/0...

Trump threatens 35 percent tariffs on Canada in latest trade war twist

The move injects fresh turmoil into a strained bilateral relationship as Prime Minister Mark Carney negotiates a new economic partnership with the United States.

www.washingtonpost.com

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Peter Morrow @petermorrow.bsky.social · Jun 1

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Peter Morrow @petermorrow.bsky.social · May 6

Are there any benchmark estimates for how common this was during the first China-U.S. trade war?

Peter Morrow @petermorrow.bsky.social · May 6

Interesting article about Chinese exporters (not) paying for tariffs on shipments to the U.S.

Joe Miller @joemillerjr.ft.com · May 6

One of the best arguments for free trade is that tariffs are actually very hard (and expensive) to enforce.

Case in point: Chinese manufacturers are already fraudulently undervaluing cargo sent to US; CBP is struggling to keep up.

More in today's @financialtimes.com

on.ft.com/4iMqpwN

Chinese exporters undervalue cargo to skirt Trump tariffs

[FREE TO READ] Suppliers to small US businesses claim to reduce costs of duties in fraud that is difficult to police

on.ft.com

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Peter Morrow @petermorrow.bsky.social · Apr 23

backofmind.substack.com/p/the-theory...

the theory of optimal quibbling

another in the “how I read books” series

backofmind.substack.com

Reposted by Peter Morrow

Jeffrey Sun @jeffreysun.bsky.social · Apr 12

This is very disappointing to see. I have some research funds to spare -- if any Canadian climate scientists lack travel funding for the IPCC, please contact me and I will try to help out.

www.cbc.ca/news/science...

Canada will no longer cover travel costs of experts it nominates to UN's climate science body | CBC News

In a sudden and unexplained change from previous decades, the federal government has stopped covering the travel costs of Canadian experts volunteering for the next major global climate science assess...

www.cbc.ca

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Reposted by Peter Morrow

Gabriel Kreindler @thetahat.bsky.social · Apr 10

What real resources will firms waste to get these favors?
Happy 50-year anniversaries:
Anne O Krueger (1974) The Political Economy of the Rent-Seeking Society
www.jstor.org/stable/1808883
Richard A. Posner (1975), The Social Costs of Monopoly and Regulation
www.journals.uchicago.edu/doi/10.1086/...

Pwnallthethings @pwnallthethings.bsky.social · Apr 10

This is a 12 alarm fire for the economy. If being friends with the president and giving him kickbacks makes you exempt from large import taxes Vs your competitors, it will stratify the whole economy and push corruption and loyalty and political controls deep into the private sector

Trump says he will consider exempting some US companies from tariffs

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Reposted by Peter Morrow

Holger Hestermeyer @hhesterm.bsky.social · Apr 7

Audi has temporarily stopped delivering cars to the US. VW stopped delivery via train from MX and via ports. For now, cars already in the US are supposed to be sold. www.spiegel.de/wirtschaft/a...

Autoindustrie: Audi stoppt Export in die USA wegen Trump-Zöllen

Das Zollregime von US-Präsident Donald Trump sorgt nicht nur an den Börsen für erdrutschartige Verluste. Als einer der ersten Großkonzerne zieht jetzt VW-Tochter Audi die Reißleine.

www.spiegel.de

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Reposted by Peter Morrow

Simon Lester @simonlester.com · Apr 7

Canada's WTO complaint on the US auto/auto parts tariffs is now available:

docs.wto.org/dol2fe/Pages...

docs.wto.org

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Reposted by Peter Morrow

John McLaren @johnmclaren.bsky.social · Apr 4

I'm seeing a huge spike in interest in tariffs from people who normally don't work in the economics of international trade. Here are a few useful things to know about them. (1/14)

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Peter Morrow @petermorrow.bsky.social · Apr 4

An excellent point by @weisenthal.bsky.social: if the Trump tariff numbers are based on equilibrium outcomes whose determinants are difficult to agree upon, and
"reciprocal" (spoiler: they are not really reciprocal), what can foreign leaders offer if Trump is looking for a "deal"?

Joe Weisenthal @weisenthal.bsky.social · Apr 4

SIX MORE THOUGHTS ON THE TARIFFS:

I wrote about China's retaliation, the plunge in private market valuations, the intellectual inspiration behind the tariffs and so forth.

Sub to the newsletter here: www.bloomberg.com/account/news...

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Peter Morrow @petermorrow.bsky.social · Apr 3

The election cycle certainly has something to do with it. It helps him to come across as serious.

U.S. voters probably also view Canada and Mexico differently so maybe Carney has the luxury of being allowed to be more upset. That's baseless speculation through.

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Peter Morrow @petermorrow.bsky.social · Apr 3

It looks like some sleight of hand where they are using the retail price and not the import price.

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Peter Morrow @petermorrow.bsky.social · Apr 3

There is a third path to acknowledge: President Claudia Sheinbaum of Mexico. She has been far more restrained in her response (similar to Starmer) but is still forced to engage deeply (like Carney). So far, it has worked relative for Mexico but time will tell.

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