When you starve the government of tax revenue for decades, them elect nihilistic narcissists to govern, this is what you get. news.gallup.com/poll/715907/...
Trending Socks
Trending Socks
@machineecon.bsky.social
I teach economics at a small, private college. Originally from Somewhere in Middle America. I like fun socks. ⚛️
50 followers104 following536 posts
Trending Socks reposted
Some great research from @nazita.bsky.social on anti-Muslim bias in politics cited in this piece www.vox.com/politics/507...
Two way fixed effects vibes...
David Fasold, a supporter of Wyatt. published a book in 1988 that argued for Durupinar as the Ark’s location. 8 years later, he coauthored a paper concluding that it was a natural formation. The same investigator helped make the case for the “Ark” and later campaigned against it. #NoahsArk #Geology
Trending Socks reposted
In case anyone is interested, here is a new working paper on non-binary treatments with staggered interventions. Essentially, I show under what assumptions it is valid to estimate cohort x time dose-response functions. papers.ssrn.com/sol3/papers....
I wonder if this casual analysis considered the number of Nicholas Cage movies. www.tylervigen.com/spurious-cor...
P.S. In the interests of fairness - his update to that chart + a recent rebuttal where a regression model of "8 variables in total (a short-term one and a long-term one for each of eggs, gas, rent, and bond yield)" manages to fit the changes in sentiment just about perfectly.
Donnie gets -20 points (out of a possible 10 points). I actually got dumber reading this and would give a better score for a blank response. Drop slips (which don't even exist anymore) can be picked up at the registrar's office.
I fear that people might be getting sick of hearing my views on the world. So this time, an open thread for econ faculty to grade this submission on the meaning of a trade deficit.
Trending Socks reposted
One aspect of research funding that it took me a while as a prof to appreciate: Someone who directs significant funding can shape the questions researchers investigate, *even researchers they don't directly fund*. Why? Because many researchers chase citations, and better-funded areas get cited more.
Trending Socks reposted
W/o getting drawn into the "seriously or literally" / "it'll never happen" trap, we need to stomp *hard* on the continuing effort to undermine Article 1 power of the purse by saying that this or that revenue stream makes something outside the normal budget process. 1/ www.nbcnews.com/business/eco...
Casual inference is the art of knowing why your estimate isn't casual, claiming it is anyway, and adding a bunch of "proofs" to your methods section to confuse reviewers. Bonus points for fancy notation like integral symbols or Kronecker products.
Causal inference is the art of knowing exactly why your estimate isn't causal
I can't do much against textbook corporate greed but by adopting open educational resources I fight corporate textbook greed every semester.
Uber just announced it will lay off 10% of its workforce, or around 3,300 workers. Last year, Uber CEO Dara Khosrowshahi made $35M — 360 times his median employee's pay — and announced a $20B stock buyback program to further enrich shareholders and himself. Textbook corporate greed.
Trending Socks reposted
Admins: you must make online only options for all of your courses and programs. Also admins: you must drive 2 hours each way to come in and talk to students over a video screen 8 hours a day, five days a week.
Making university faculty sit in their offices from 8 am to 5 pm every day, 5 days a week, is insane and serves no conceivable academic purpose. The fact that admins and even *staff* are exempt from this absurd requirement shows the real goal is to make tenured faculty quit.
Yup. Downsizing by attrition.
Making university faculty sit in their offices from 8 am to 5 pm every day, 5 days a week, is insane and serves no conceivable academic purpose. The fact that admins and even *staff* are exempt from this absurd requirement shows the real goal is to make tenured faculty quit.
A good example of how politics often leads to second-best outcomes (at best). Political compromise means policy outcomes are sub-optimal (and sometimes worse than doing nothing). In this case either/or is /probably/ better than nothing, but this idea has problems. finance.yahoo.com/economy/poli...
Trending Socks reposted
Replying to @machineecon.bsky.social
Indeed, I feel seen. bsky.app/profile/dccc...
I'm pretty sure this is what people think when they see my code as well.
An interesting thing at the start of the COVID pandemic occurred when Ferguson and compatriots released their code for their infection models. Professional programmers were HORRIFIED. Scientists were like, "Yeah, it runs. So what? Who cares? At least you have it." There's a lesson in that.
Trending Socks reposted
The first four chapters of Understanding Our Economy, CORE's new textbook, are live. Our blog breaks down how it differs from The Economy 2.0, who it's for, and what's taught in chapters one to four. www.core-econ.org/cores-new-te...
Trending Socks reposted
Trending Socks reposted
More lies and bullshit. I've gotten every vaccine for my kids on the schedules that existed for decades, including multiple injections in a single visit. At no point was a volume even 0.01x the size of a soda bottle injected into my infant children.
Trump: "At one year, you should have 5 separate visits for vaccines rather than getting them all in the same day. I've seen proof of where they have a vaccination thing that looks like the size of a bottle of soda and pour it into a little child's body."
Trending Socks reposted