ben @jaffadrake
Joined September 2018-
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@jamesrbuk That would require fixing the price of tickets, though. Dynamic pricing just means more of the welfare is captured by the band, rather than the ticket resellers.
@jamesrbuk I really want to fly first class to Australia, so they should make it illegal to make tickets expensive
@markrossdev @NeilDotObrien The Solow growth model predicts a rise in population growth causes a fall in output per capita, though. That would be the theoretical basis for causality.
@AaronBastani @s8mb @MrRBourne It’s controversial, and somewhat idiotic, to say that wage labour is somehow exploitative because MRPN>w, yes. That’s a ridiculous line of argument.
BloombergGPT: A Large Language Model for Finance Presents BloombergGPT, a 50 billion parameter language model that is trained on a wide range of financial data. arxiv.org/abs/2303.17564
Airline deregulation seems like it went pretty well imo
#Brazil and #Argentina to start preparations for a common currency Other Latin American nations will be invited to join plan which could create world’s second-largest currency union ft.com/content/5347d2…
The viral generational wealth chart looks very different when restated in per capita terms economistwritingeveryday.com/2021/09/01/who…
@cafreiman The only way to end a deflationary spiral is to force all firms to hire greedy CEOs from nations experiencing hyperinflation
GDPpc in international dollars of Poland and Italy: from a gap of almost 3.5 to 1 in 1990 to a gap of just about 10% in 2021.
A financial market for lemons
Credit scores were created in 1989. We can live without them.
New paper from UC Berkeley scholar Kate Pennington finds that new housing made rents within 100m fall by 2% and displacement risk fall by 17%
@weatherdai @Noahpinion @kebabipizza @max_oikonomikos @_night_brain__ “Rich people choosing to buying expensive luxury private healthcare whilst everybody else has guaranteed access to necessary life-saving medical care is basically the same as all people only being able to live as long as they can afford to pay monopoly prices”
It is interesting how calls for child-care subsidies seem to have grown in tandem with spending on child-care subsidies (paired with price controls in parts of the market). Poorly-designed intervention -> higher prices -> demand for more intervention
@istreasatuatha You’ve attempted to refute the established shortage that arises from rent controls set below the market rate by discussing regulation as a whole?? What?
@maiamindel “We need to bring costs down” before proceeding to explain why America needs to produce more goods domestically and forgo both competitive and comparative advantage gains
How does FDA regulation affect innovation and market concentration? #EconTwitter In my JMP, I show that deregulation: -⬆️innovation by as much as 400% -⬆️firm entry by 1000% -⬇️prices by 40%. In some cases, deregulation drives product safety innovation. More details:
@GoGoGoings Where do they discuss stinking out the main uni building and preventing everybody accessing their full education for a week?
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