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Favorite Rejects 2022-01-15
stick this in your nexus study & smoke it
The authors find that 100 new market-rate homes in expensive urban core --> 25-29 newly available homes in bottom-quintile places. It's as if each new market-rate homes comes with a "25% low-income" inclusionary requirement built in. 2/2 https://t.co/EfXOOhJGZ9
Chris Elmendorf @CSElmendorf
Russia terrorizing Europe is just stupid. Europe is its biggest market, and Russia has nothing to gain from long-term antagonism.
Branko Milanovic is right...Russia is just not good at foreign policy.
Of all great powers Russia surely has historically had the worst foreign policy. It combines incredible naivete --Stalin who trusts Hitler not to invade --Gorbachev who trusts NATO not to expand with threatening moves that backfire --mobilization in 14 that leads to DEU response
Branko Milanovic @BrankoMilan
Really useful paper here, answering a question I had long wondered about. Basically, for college grads, living standards are just about the same everywhere in America. But for less-educated people, living standards are much higher in cheaper places.
Been reading this paper by Rebecca Diamond & Enrico Moretti about local cost of living diff. It's just really amazing data work. Shows how sometimes basic measurement and descriptive statistics can dramatically improve our understanding about the economy. https://t.co/2DQRruZrJi https://t.co/x1sY9RUsNI
Arindrajit Dube @arindube
This shows that the burden of NIMBYism in our cities is falling almost entirely on the working class. Which of course we already sort of knew, but now we have solid proof.
Agree with this thread, monopolization isn’t the cause of inflation but there’s nothing wrong with using public concern about inflation to motivate stepped-up competition policy.
As inflation persists, progressive politicians and the Biden administration have been condemning corporations for abusing their market power to raise prices — leading to a barrage of criticism from center-left economists and commentators. And I'm puzzled about the vehemence 1/
Paul Krugman @paulkrugman
It’s terrific they’ve finally figured this out and are willing to state the obvious. But when this whole thing is over, can we have a public inquiry that explores the deeper causes of the CDC’s systematic failures throughout the pandemic?
Breaking News: For the first time, the CDC said cloth masks weren’t as effective as other options. “Wear the most protective mask you can,” the agency urged. https://t.co/zOIRim0WQZ
The New York Times @nytimes
"I consider it completely unimportant who in the Party will vote, or how. But what is extraordinarily important is this—who will count the votes, and how.” Joseph Stalin, 1923 (as quoted in “Oxford Essential Quotations, 2017) https://t.co/VPcPSIDvnN
Trump tells PA GOP why he is placing an emphasis on Supervisor of Elections races in 22: “We have to be a lot sharper the next time when it comes to counting the vote .. Sometimes the vote counter is more important than the candidate. They have to get a lot tougher and smarter.” https://t.co/WdzStuLxFH
Ron Filipkowski @RonFilipkowski
Republicans need to realize that immigrants make the best Americans because they are Americans by choice. Since W. this message has been totally abandoned. Immigration is important for the US economy. Some relevant thoughts from & aei.org/economics/the-…
It is a blessing that the Chamber of Commerce has abandoned the Republican Party and thrown their lot in with the Democrats, writes @ConnCarroll. "Let the Democrats defend mass migration and the low wages that come with it." https://t.co/SA3RhvUvwj
Washington Examiner @dcexaminer
Having exactly 50 senators, one of whom is from a state Trump won by 39 points, is far from the worst possible outcome for Democrats, but it probably leads to the largest gap between expectations and reality.
*Elementary* school is day care. Junior high and high school are jail. 😉
This piece was published in October of 2020, long after schools in Europe were already open. Its thesis is controversial in the U.S. and completely obvious literally everywhere else. https://t.co/6pxUdVB15L
Stephanie H. Murray @stephmurrayyyy