Favorite Rejects 2021-11-20

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

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?

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

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.

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…

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!

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

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

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.orgList of countries by GDP (PPP) per capita - Wikipedia

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.comChina demographic crisis looms as population growth slips to slowest everChina’s population grew at its slowest in the last decade since the 1950s as births declined, sowing doubt over Beijing’s ability to power its economy as it succumbs to the same ageing trends afflicting developed nations like Japan.

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

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