Our mission: defend & advance open liberal societies. Our values: open to the world, all in society, future & progress. Founded by @plegrain

Joined October 2014
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AfD is abusing its parliamentary powers to gather information about Germany's transport and digital infrastructures, energy and water supply. "With its requests, one gets the impression that the #AfD is working through a list of tasks assigned by the Kremlin...AfD is particularly interested in IT and equipment used by the police, for example in the area of drone detection and defense," dw.com/en/is-germanys-far-ri…
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Friday’s NY Post cover is pure gold
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“There is no immigrant crime wave”
Replying to @AlexNowrasteh
We use a residual statistical method to estimate the illegal immigrant population nationwide and in prison. Overtime, we find that illegal immigrants are always less likely to be incarcerated than natives, but legal immigrants are least likely of all. cato.org/policy-analysis/ill…
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While the USTR tariff calculator cites the findings from Cavallo, Gopinath, Neiman & Tang (2021) it is not entirely clear how they use our findings. Based on our research, the elasticity of import prices with respect to tariffs is closer to 1. If that figure were used instead of 0.25, the implied reciprocal tariffs would come out about four times smaller.
USTR: "The elasticity of import prices with respect to tariffs, φ, is 0.25. The recent experience with U.S. tariffs on China has demonstrated that tariff passthrough to retail prices was low (Cavallo et al, 2021)." Cavallo et al: φ is 0.945. aeaweb.org/articles?id=10.12…
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