The Real Noah Smith 🧨@latenitenoah
Korea: Here's a movie that's just robots crushing puppies for 90 minutes
Americans: OMG it's a metaphor for capitalism isn't it
Korea: Here's a series called "Pointless Stabbing, Constant Screaming"
Americans: OMG, capitalism, again
Koreans: <raking in money> That's right
12:40 AM · Oct 20, 2021
93 Reposts · 649 Likes
Noah Smith 🐇@Noahpinion
This was in Oryx and Crake
Wesley Yang @wesyang
Striking, somewhat awkward analogy https://t.co/ZUPGWl6DIw https://t.co/fDFFIGKDYk
3:07 PM · Oct 20, 2021
1 Repost · 58 Likes
Matthew Yglesias@mattyglesias
It does seem like we should be talking about legal immigration more if we're worried about labor shortages.
Derek Thompson @DKThomp
WHERE HAVE ALL THE WORKERS GONE?
https://t.co/uzlchcYNK5
JPMorgan guesstimate:
35%: financial cushion with unemployment benefits, stimulus, savings
20%: early retirees
10%: immigration and visa issues
10%: rise in self-employment
25% "other": COVID fears, child care constraints https://t.co/eZuR1mlXgU
3:22 PM · Oct 20, 2021
64 Reposts · 654 Likes
Kim-Mai Cutler@kimmaicutler
🙄 affluent coastal homeowners demanding property tax breaks over funding the climate policy that will prevent their assets from being destroyed by floods, hurricanes and fires.
Manu Raju @mkraju
Another big sticking point that remains: How to deal with the demand by northeast Democrats to restore state and local tax deductions that were capped in the 2017 GOP tax law.
"No SALT, no deal," Rep. Tom Suozzi, a New York Democrat, said leaving the caucus meeting
3:24 PM · Oct 20, 2021
7 Reposts · 124 Likes
Mario Bava's Zack Sunday@BudrykZack
Trying to convince Raychel to let us put up the Michael Clayton yard sign
4:46 PM · Oct 20, 2021
28 Reposts · 435 Likes
Daniel W. Drezner@dandrezner
Remember, there is no problem that Josh Hawley cannot make worse.
foxbusiness.com
Sen. Josh Hawley bill takes aim at supply chain crunch, requiring 50% of value of a good to be produced in US
4:47 PM · Oct 20, 2021
53 Reposts · 431 Likes
Matthew Yglesias@mattyglesias
Backloading compensation with big pensions also depresses entry level salaries and discouraged people from giving it a try as a career.
Josh Barro @jbarro
This is a problem with how we compensate police AND teachers -- the pension structures that reward specific career lengths (often 20 years for police, 30 for teachers) lock people into jobs they don't like, aren't suitable for, and might otherwise leave...
4:56 PM · Oct 20, 2021
34 Reposts · 446 Likes
Market Urbanism@MarketUrbanism
Wow. The near-ban on new hotels across NYC is moving forward. Of all the dumb shit this city does, this one is the most surprising to me https://t.co/qY7B7ipxAy
Sally Goldenberg @SallyGold
A few days ago the city's vote on hotel permits seemed uncertain. After lots of 11th-hour arm twisting/lobbying, it passed 9-2, with one opponent skipping the mtg and another who'd previously raised concerns calling it "Sophie's Choice" before voting yes.
https://t.co/FqqO1z2fDi
7:16 PM · Oct 20, 2021
32 Reposts · 287 Likes
Matthew Yglesias@mattyglesias
This is just way worse and more unforgivable than anything Joe Manchin has said or done — taxing rich people and corporations is super-popular and it's a rare thing that genuinely does deserve to be a party litmus test.
Grace Segers @Grace_Segers
Sinema has told lobbyists she is opposed to any tax increases on the wealthy or corporations. Via @aduehren @RichardRubinDC https://t.co/5FbjVE8PQy
7:17 PM · Oct 20, 2021
220 Reposts · 1.12K Likes
Alan Cole@AlanMCole
A mostly (but not entirely) rhetorical question:
Why don't they limit the mortgage interest deduction more and grab a ton of revenue that way? Republicans did it.
wsj.com
WSJ News Exclusive | Sinema’s Opposition Stymies Democrats’ Planned Tax-Rate Increases
7:35 PM · Oct 20, 2021
4 Reposts · 36 Likes
Matthew Yglesias@mattyglesias
RCV is such fool’s gold, go proportional or go home.
Teddy Schleifer @teddyschleifer
NEWS:
A group of reformers are trying to raise $100 million to push through changes to election rules in a dozen states. Open primaries and ranked choice voting.
Has support from major donors, like Reid Hoffman and the Sobrato dynasty. More @PuckNews:
https://t.co/3Z6DAmQwmq
9:44 PM · Oct 20, 2021
23 Reposts · 333 Likes
Kai Ryssdal@kairyssdal
Okay, this is pretty funny.
Hayes Brown @HayesBrown
My Plan To Pass Voting Rights™️
Step 1: send Sinema an invite to a secret fundraiser in Anchorage
Step 2: have a tugboat pull Manchin’s yacht as far as it can while he’s sleeping
Step 3: convene the Senate at 3 am; tell three GOP senators it’s a surprise party for Trump
11:05 PM · Oct 20, 2021
20 Reposts · 289 Likes
Matthew Yglesias@mattyglesias
Do people really think Manchin could be brought around to standard progressive views on climate change if someone would credibly promise him a $500,001 annuity?
Given the amount spent on climate organizing and advocacy, seems like a no-brainer.
Tom Scocca @tomscocca
Well it’s less puzzling if you remember he’s protecting $500,000 in annual personal profit from his coal brokerage https://t.co/EAF7EUQ42P
12:05 AM · Oct 21, 2021
37 Reposts · 440 Likes
Noah Smith 🐇@Noahpinion
This is not at all a good characterization of neoclassical economics. BUT, the thread goes on to highlight some good and important trends in economics education.
Cory Doctorow @doctorow
Neoclassical economics is a hell of a drug. It has no theory of prices, no account of inflation, and its models all presume the existence of a perfectly rational "homo economicus" who is a "utility maximizer" with perfect information.
1/ https://t.co/A5PhehydHM
1:09 AM · Oct 21, 2021
3 Reposts · 54 Likes
Noah Smith 🐇@Noahpinion
I'm pretty hawkish toward China in general, and I never thought engagement would make them liberalize. But I disagree with this very strongly. China brought a billion people out of abject poverty in record time, and our engagement helped them do it. That was worth it.
Elbridge Colby @ElbridgeColby
John Mearsheimer: "Engagement [with China] may have been the worst strategic blunder any country has made in recent history: there is no comparable example of a great power actively fostering the rise of a peer competitor. And it is now too late to do much about it." https://t.co/27xq81Oyeg
1:15 AM · Oct 21, 2021
37 Reposts · 422 Likes
Noah Smith 🐇@Noahpinion
Essentially all our plans for government investment and industrial policy are on hold while we wait for Manchin to gut the reconciliation bill
Bloomberg Next China @next_china
A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda https://t.co/zP7lRsQUq9
5:41 AM · Oct 20, 2021
21 Reposts · 138 Likes