the pensioner regime delenda est. total euclid v. ambler and CEQA death advocate not all my posts (or usernames) are serious
irvine & austin 🇺🇸🇺🇦
Joined September 2024
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tax the poor retweeted
Do supply constraints explain housing quantity & price growth across cities?
New piece claims that once you population-weight the estimates (i.e. more weight on big cities) & code the measures as continuous variables (rather than categorical), supply constraints clearly matter.
.@aarmlovi @KAErdmann @arpitrage @kingofthecoastt have you seen this recent paper dallasfed.org/research/paper…?
tax the poor retweeted
University of Chicago Students to Protest at Chicago Mercantile Exchange, Demand End to Federal Ban on Onion Futures
Student-led group For Our Futures will rally Monday morning to call for repeal of the 1958 Onion Futures Act
On Monday, October 19, at 8:30 a.m., members of For Our Futures, a student-led organization from @UChicago, will gather outside the Chicago Mercantile Exchange (@CMEGroup) headquarters to demand the repeal of the Onion Futures Act of 1958, a nearly 70-year-old federal law prohibiting futures trading in onions.
The Onion Futures Act, enacted following allegations of market manipulation in the 1950s, singled out onions for a prohibition on futures contracts that remains in effect today. For Our Futures is calling on Congress to repeal the ban and restore the ability of onion growers, buyers, and traders to participate in a regulated futures market. Onions remain the only commodity banned from futures trading in the United States.
The protest will feature a giant inflatable onion costume, protest signs, and dozens of students, and will take place outside the headquarters of CME Group, one of the world's largest derivatives marketplaces and the historic center of American onion futures trading.
DM for details
cc: @pointsnfigures1 @CharlesFLehman @matt_levine @nbcchicago @ABC7Chicago @cbsnewschicago @WGNNews @fox32news @WBEZ @Suntimes @BlockClubCHI @chalkbeatCHI @SeanCasten @mansourtarek_
ALT The "onion man" visits a meeting of the UChicago Democrats. Not affiliated with any party, candidate, or candidate committee. We are a bipartisan movement.
tax the poor retweeted
log(Starbucks + 1)
Coffee shops boost innovation. 10% more Starbucks in an area --> 3-4% more inventions.
People gather over a cuppa. They share ideas, discuss how to untangle a knotty problem, help see an issue from another perspective. These conversations lead to breakthroughs and inventions.
A very fun paper finds that when Starbucks rolled out to a new county, it fueled a coffee-shop culture, urging more and more people to “grab a coffee” together. The authors compare the counties where Starbucks had rolled out to those where it had not yet arrived. And they find that the number of patents in caffeinated counties is meaningfully higher.
This paper underscores how essential the face-to-face encounter is. Starbucks isn’t that old. People Could have picked up the phone and chatted at any time. People Could have dropped an email. Probably they did. But those connections didn’t yield the same insights and creativity.
Turns out that a Cup of Joe really does help the knowledge flow. We talk about how much in-person connection boosts creativity in In Person. It’s out in just few days, so now is a great time to pre-order.
To see the full research use the link in the comments.
#Innovation #InPerson #FutureOfWork #CoffeeCulture #NewBook
tax the poor retweeted
Average US war post-Korea :
>intervene
>kill 4859 gazillion of ennemies, no defeat at the tactical level.
>one soldiers hurt his knee
>America is shocked by such heavy losses
>Pull back without any objectives accomplished.
>the people who lost 4859 gazillion claim victory.
tax the poor retweeted
This would have a comparable impact to carpet bombing
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tax the poor retweeted
This is one of my favorite graphs.
If the famous EPI productivity pay divergence graph is valid, then this one is too.
Therefore, we can wrongly conclude that pay is increasing far quicker than productivity.
tax the poor retweeted
Here's a screenshot of Zucman's own data on his own website. Note that the entire claimed drop in taxes for the top 1% between 1951 and 2019 (the final year listed) is from his wild assumptions about how much the top 1% are paying in the corporate tax.
tax the poor retweeted
I think the response to this article was lackluster—we have to actually engage with the subtly different forms of the policy Unlearning Economics describes. If we look at them, it's clear they don't make housing more accessible. They just help incumbents. jackonomics.substack.com/p/r…
tax the poor retweeted
You're absolutely pathetic. Manufacturing employment is down, factory building has slowed, native-born unemployment is up, hiring is at the lowest level in a decade, and instead of questioning why your tariff policies aren't working, you're shadowboxing a caricature of economists
