Noah Smith 🐇@Noahpinion
This is pretty scary stuff.
TheSadTruth💙 @ReportsDaNews
(@UROCKlive1)
Federal and state investigators are examining an attempt to breach an Ohio county’s election network that bears striking similarities to an incident in CO, when govt officials helped an outsider gain access to the voting system.
https://t.co/UI6RdgEvg8
11:49 PM · Nov 19, 2021
7 Reposts · 53 Likes
Noah Smith 🐇@Noahpinion
Worth noting that we do spend a lot more on the sick and the poor than on defense.
Bernie Sanders @SenSanders
How is it that there is always money for war but never enough money for the children, the sick, the hungry, and the poor?
11:55 PM · Nov 19, 2021
258 Reposts · 2.16K Likes
Noah Smith 🐇@Noahpinion
Yes, the child care part of BBB is kind of a sham. Could drop it and be fine, TBH.
Matt Bruenig @MattBruenig
Piece at Atlantic bringing together the three big problems with the Dem child care plan:
1. Cost increases combined with benefit cliffs means much higher prices for middle class
2. Activity test will exclude the poor
3. Many states won’t participate
https://t.co/9WmcpZBsoR
1:33 AM · Nov 20, 2021
7 Reposts · 67 Likes
Ryan Radia@RyanRadia
@Noahpinion @OrenSMizr Here's total government spending on education (in blue) versus federal spending on national defense (in red) in 2020 dollars.
2:03 AM · Nov 20, 2021
7 Reposts · 45 Likes
Matt Grossmann@MattGrossmann
80% of voters choose the most policy proximate candidate. They are especially responsive to perceived candidate positions on issues they rate extremely important
#polisciresearch
sciencedirect.com/science/articl…
2:53 AM · Nov 20, 2021
19 Reposts · 150 Likes
Timothy B. Lee@binarybits
Looking forward to editing Alan's rants about the high cost of child care in a few months. (Congrats Alan!)
Alan Cole @AlanMCole
I have a baby daughter, one day old!
This may mean a lower rate of @fullstackecon posting in the near term, because I'll be spending some quality time with family.
But I'll be around when she's fed and asleep!
6:55 PM · Nov 20, 2021
34 Likes
Matthew Yglesias@mattyglesias
I love to see Democrats re-learning some basic populism https://t.co/4IrRZ4z0gU
Elizabeth Warren @SenWarren
Prices at the pump have gone up. Why? Because giant oil companies like @Chevron and @ExxonMobil enjoy doubling their profits. This isn't about inflation. This is about price gouging for these guys & we need to call them out. https://t.co/kxiQkC2tYa
7:59 PM · Nov 20, 2021
44 Reposts · 702 Likes
Noah Smith 🐇@Noahpinion
China is facing four big economic shocks now:
1. A real estate crash
2. Covid
3. Supply chain woes
4. Xi's industrial crackdowns
Fear of war could be a fifth...
Noah Smith 🐇 @Noahpinion
This is pretty wild. China is being swept by rumors of imminent war, and it's actually affecting their economy.
https://t.co/SX08EYG22B https://t.co/aBZSFYU1dl
8:03 PM · Nov 20, 2021
83 Reposts · 497 Likes
Noah Smith 🐇@Noahpinion
Remember that China has less than 30% of U.S. per capita GDP (PPP), and only about 40% of South Korea or Japan.
If China's catch-up stalls out before it's even half as rich as its developed neighbors, that's a fairly poor showing for its economic model.
en.m.wikipedia.org
List of countries by GDP (PPP) per capita - Wikipedia
8:11 PM · Nov 20, 2021
25 Reposts · 193 Likes
Noah Smith 🐇@Noahpinion
Also, that's per capita. Remember that China's population is either already falling or about to start falling next year. The working-age population has been falling since 2012, its fertility rate is 1.3, and the country's median age now exceeds the U.S.
reuters.com
China demographic crisis looms as population growth slips to slowest ever
8:15 PM · Nov 20, 2021
13 Reposts · 116 Likes
Matthew Yglesias@mattyglesias
And here I was thinking I was being so thrifty with a $80 bottle of wine https://t.co/N3lXJx5WKg
MarketWatch @MarketWatch
CORRECTION: MarketWatch deleted an earlier tweet that inaccurately implied that $5-a-gallon gasoline, $90 bottles of wine and $200 concert tickets were typical purchases of late among average Americans. The story has been corrected.
https://t.co/Y8kBdRHPKI https://t.co/n48rruC9h7
9:08 PM · Nov 20, 2021
5 Reposts · 206 Likes
Noah Smith 🐇@Noahpinion
This is a bit like saying that the point of fire trucks is to flood your house.
Sam Adler-Bell @SamAdlerBell
I know my friends in macro land experience this frustration daily (hourly?) but it seems like journalists writing about inflation/fed should have to say, every time, that the point of raising interest rates is to make people earn less and lose their jobs
4:04 AM · Nov 21, 2021
12 Reposts · 175 Likes