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Chirag Lala
@CtheLala
Indian-American | VP of Research & Chief Economist @PubEnterprise | macroeconomics, industrial policy, investment, finance, grids (Tx, Dx, Ix), decarbonization
publicenterprise.org/author/chirag/
Joined March 2016
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  • Pinned
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    Chirag Lala
    @CtheLala
    Oct 18, 2024
    Imo this gets it wrong. If progressives don’t prioritize tight labor markets on their own merits, we won’t see them again. Nor anything more. We’ve seen labor markets like this maybe thrice since the 70s. This was the only one we built on purpose. It is a big structural change.
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    Eli Cook
    @Eli_B_Cook
    Oct 18, 2024
    If Trump does win, one lesson I hope the (well-meaning) neoclassical left will learn is that "tight labor markets" just is not enough to improve people's live substantially. They need major institutional and structural change, not just lower unemployment and slightly higher wages
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    Chirag Lala
    @CtheLala
    Nov 14, 2022
    Macroeconomics would benefit from better mass audience video games that let one manage a country's fiscal and monetary policies under different theories. The "macro" video games that do exist are quite limited in an ideological and gameplay sense. THREAD with examples!
  • user avatar
    Chirag Lala
    @CtheLala
    Aug 27, 2023
    It's quite something that PRC officials are replicating every hokey + half-baked intuition about economics. "Welfare means laziness." "Consumption is worse than investment." And "imports are weakness."
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    Conor Sen
    @conorsen
    Aug 27, 2023
    It shows a blind spot in China’s thinking that they don’t see their economy as having a huge dependence on the outside world: wsj.com/world/china/co…
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    Chirag Lala
    @CtheLala
    Nov 8, 2024
    This. I notice folks saying Dems will never pursue tight labor markets again. Don't give into that. Don't invite it. We know more about achieving full employment than ever before. We know it does all kinds of good. So how about, "next time let's do it better!"
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    James Medlock
    @jdcmedlock
    Nov 8, 2024
    One takeaway from the last 4 years is we should do good things because they’re good, not because we can expect reliable electoral payoff from them.
    65K
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    Chirag Lala
    @CtheLala
    Aug 19, 2024
    There really has been a fiscal revolution in this country.
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    James Medlock
    @jdcmedlock
    Aug 19, 2024
    Excellent answer on funding CTC. There’s zero benefit to getting sucked into a “how are you gonna pay for it” game
    Acyn
    00:00
    Acyn
    34K
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    Chirag Lala
    @CtheLala
    Aug 14, 2022
    Replying to @PEWilliams_
    Restaurants and take out are glorious cogs in the division of labor.
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    Chirag Lala
    @CtheLala
    Apr 6, 2024
    The Union Army was one of history's great revolutionary forces: the most powerful military in history till that point; a victorious multiracial force for abolition, democracy, and state building. A traitorous quisling like Lee could never compare to the Union's best commander.
    user avatar
    John Ganz
    @lionel_trolling
    Apr 5, 2024
    Grant was a salt of the earth democratic hero Lee was a namby pamby soi disant aristocrat tactical and strategic considerations aside grant was the world spirit Lee was not
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    Chirag Lala
    @CtheLala
    Mar 27, 2022
    Twitter neoliberals should: - Recognize that land use reform will go further with renter assistance! - Reevaluate their historic hostility to fiscal policy - Stop feeding anti-progressive culture war trolling We need a stronger Democratic Party to control factional infighting!
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    Chirag Lala
    @CtheLala
    Mar 26, 2024
    I cannot emphasize enough how much progressive foreign policy should be to ignore China’s complaints and just press forward with public investment, derisking, decarbonization, and industrial policy.
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    Chris Horseman
    @ChrisHorseman2
    Mar 26, 2024
    China launches WTO dispute against the US's IRA Act. Beijing will - apparently non-ironically - accuse the US of distorting global trade with its industrial subsidies. Pots and kettles, anyone?... Full info on Thursday, when China's documents are submitted to the WTO.
    34K
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    Chirag Lala
    @CtheLala
    Apr 20, 2024
    We want full employment. To secure folks a livelihood, bargaining power, and a stake in the advance of productive forces. We want social insurance. To floor security. We want public enterprise. To build abundance for all. And we want unions. To ensure labor a voice.
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    More Perfect Union
    @MorePerfectUS
    Apr 20, 2024
    BREAKING: Over 4,000 Volkswagen workers in Tennessee just joined the @UAW in a landslide. They’re the first American workers to win a union at a non-union car company in decades. This historic victory will change the auto industry, and the future of American labor.
    00:00
    32K
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    Chirag Lala
    @CtheLala
    Feb 15, 2024
    Full employment labor markets Increase housing supply More immigrants Build clean firm Community college for all Pre-K for all Childcare + paid leave CTC + UI expansion Public option for health insurance Lots more busses! Starter recipe for US growth 🇺🇸
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    Chris Hayes
    @chrislhayes
    Feb 15, 2024
    Immigration is good, actually. msnbc.com/all-in/watch/-…
    43K
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    Chirag Lala
    @CtheLala
    Jun 19, 2024
    There's a really funny tweet genre about how left-liberal political economy accounts adore games of state-management.
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    Ethan Mollick
    @emollick
    Jun 8, 2024
    Civilization VII was announced today. The Civ series is sort of like Ender’s Game, but for management rather than murdering aliens. Business school students who were good at Civ V also turn out to be better planners, organizers, and problem-solvers, in this small experiment.
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    Chirag Lala
    @CtheLala
    Nov 5, 2024
    My parents recently became citizens and voted! Along with millions and millions of others, they will help choose our government. What could be a better expression of this country. 🇺🇸
    7.2K
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    Chirag Lala
    @CtheLala
    Jul 27, 2024
    Industrial policy is complementary to public services and social insurance.
    8.1K