Imagine how good for America DOGE could have been if it had some basic knowledge of the law, used technology more advanced than word search, and applied cost-benefit analysis to cuts.
Jonathan A. Parker
10.6K posts
Jonathan A. Parker
@ProfJAParker
Economist. See my MIT webpage to verify that this is me. Evidence-based economics and finance and humor. I do not endorse any cryptocurrency investment.
Joined November 2012
- Not to throw fuel onto Twitter, but Stata sent me a COVID-19 email and R didnโt.
- This is such a perfectly ignorant critique, it should go in a museum of this era.Non Farm Payrolls are total garbage so I asked Grok: โHey Grok, go look at the Bureau of Labor Statistics website for their non farm payrolls data. Tell me how many times their original forecasts have been revised since Jan 2020. And, of those revisions, how many times the data
- Here is a great assignment for PhD course. Take an un-circulated paper (or major revision) by a good writer. Cut the abstract and intro. Assignment: write the abstract and intro. Solution (one of many): the full paper. Students 1) really learn paper, 2) develop exposition skills.
- Empirical trade economists must be so excited by the Suez blockage. Best instrument ever given.
- Iโve worked in the Bush and Obama Administrations. Iโm an advisor for the non-partisan Congressional Budget Office. Iโm a registered independent. This Administrationโs policies are almost universally terrible for our economy at all horizons.
- The NYT puts flat-earth economics on the cover of the business section. Wow. Why flat earth? Because according to flat earth you can walk around and the earth looks pretty flat, no curve. In MMT, you can run some deficits and find that you donโt always have a crisis. Q.E.D.
- Hereโs a helpful set up that you can use at home to get referee reports done. Just requires two chairs: one uncomfortable one, and one that reclines
- Hoping the next presidential debate isnโt in economics seminar format
- Economists who think the end of this recession will look like the last one arenโt looking at the data. Household balance sheets, state finances, income, all in better shape than pre-COVID & we havenโt even fixed the cause of recession. Reply w/ any good current analysis.
- For every delta infection, there exists an epsilon such that at any distance greater than epsilon, you canโt catch COVID from that infected person.
- What economist was best prepared for the pandemic? Maskin
- I invested in - Amazon in 2003 - Apple in 2007 - Tesla in 2011 - NVIDIA in 2021 How did I not miss ANY of these great stocks? My successful strategy is so easy anyone can do it. Take my free course below! Invest in low-fee broad Index Funds. I hope you enjoyed the course.
- To the extent this is policy, this is the exact opposite of investing in children and the future (and I write this as someone with one of my uncles and my godmother heavily reliant on UK public pensions).Trois graphiques interessants sur le poids des pensions en France dans le Financial Times ce matin
