Miles Kimball @mileskimball
Eaton Professor of Economics at the University of Colorado, Bloomberg columnist, and independent blogger on economics, politics, religion & fighting obesity blog.supplysideliberal.com Boulder, CO Joined October 2009-
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To help strengthen our ability to build ships for the US Navy, the Jones Act should be more focused: changed to just US-built. Now, the Jones Act requires that ships moving goods from one US port to another be US‐built, US‐owned, US‐crewed, and US‐registered. cc @Noahpinion
I’m OK with letting kids even as young as 13 legally change their gender—because that is reversible. It is not-fully-reversible drugs & operations that need mature (21?) decisions. SWEDEN..lowering the age..to legally change their gender to 16 from 18. tinyurl.com/28kqzfrm
“China doesn’t allow most people to declare bankruptcy to write off bad debts and move on with their lives … Household debt has surged by 50% in the past five years, to around $11 trillion. While that is lower than the $17.5 trillion Americans owe …” tinyurl.com/25gsmsjz
“Milton Friedman was instrumental in implementing the new system when he worked at the Treasury during the war. While withholding income at the source was more efficient, it also made the system more opaque and the tax bite less obvious.” tinyurl.com/28ypuaty
Teaser for Dana Mattioli’s new book, “The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power” tinyurl.com/2yljwdf3
Kudos to Swiss regulators. Swiss Increase UBS’s Capital Load tinyurl.com/2yb4mbg7
British Study Casts Doubt on Puberty Blockers tinyurl.com/2xjl2obr
The Fed shows its determination to maintain a “floor” system for interest rate control in which the monetary base is kept large enough to push the safe rate down close to the rate for interest in reserves. Fed Prepares to Slow Pace of Asset Runoff tinyurl.com/2yrgtja2
A very interesting idea. “The very notion of ‘one person, one vote’ in democratic political systems may need to be rethought as seniors come to dominate voting bases, he added. Proposals [include] offering young parents extra votes for their children” tinyurl.com/2bvwslcy
"How Quickly Do Prices Respond to Monetary Policy?" Zoë Arnaut and Leila Bengali frbsf.org/wp-content/upl…
To back up its story that China is pushing exports, this article needed to report on Chinese purchases of foreign assets. A basic identity is that net exports equal net capital outflows. Net exports must be financed. China’s Surge of Cheap Goods tinyurl.com/299axykn
“Fed Chair Jerome Powell in recent months has signaled, however, that he no longer regards strong hiring as something to fear. That is because the labor force has been growing steadily, largely due to a strong rebound in immigration.” tinyurl.com/237s3o34
I learned from dinner last night with 3 energy economists that Enron not only defrauded many investors but through its scandal also brought to a sudden stop the rationalization of US energy markets. Destroying trust causes harm beyond the immediate harm of fraud.
“standardized tests are not an unbiased measure..students from higher-income families often have greater access to test prep and other resources. But..recommendation letters, extracurriculars, essays — are even more prone to such biases." —Raj Chetty news.harvard.edu/gazette/story/…
“The strength of the [U.S. economy] over the last 15 years has pushed wages up…If you’re based in New York or San Francisco it’s now going to be cheaper to offshore to northern England than to Mississippi or Alabama.” —Nick Bloom tinyurl.com/23bbtm8k
“The National Retail Federation said return fraud has become a ‘major issue for our industry.’ About 13.7% of returns in 2023 were fraudulent, accounting for $101 billion in overall losses for retailers” Scam Returns Beset Amazon Sellers tinyurl.com/2xptk4bf
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63K Followers 2K Following MIT Professor of Economics | Macro, International, Public, Monetary, Taxes, Finance | v = u + β v | Beatles | Boston ArgentinaWojtek Kopczuk 🇵�.. @wwwojtekk
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212 Followers 166 Following There are no Govt coffers. Public purse creates all its own numbers. National tax take is not for spending. Tax is taken so it cannot be spent. Think on't.Bjorn Von Aloysius @Luigivammpa
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689 Followers 4K Following 🦁Apoyamos al Presidente de la República Argentina Javier Milei. 🔴YouTube@MileiRockstarEconomics 🟣 Instagram@mileisrockstareconomics1bxh21g5sx3y6 @m54584ao1i6ff2
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@mileskimball We have a paper with this name for a different source static1.squarespace.com/static/57844f0…
@mileskimball @Stanford That’s so great to hear, Miles. Your work on precautionary savings, MPCs, and sticky prices has been an enormous inspiration for me!!!
@elidourado @mileskimball you might find this interesting.
@mileskimball I hate to be a broken record, but answering different people. A one time fiscal blowout inflates away debt, then stops all on its own. US has neatly inflated debt away, right back to pre covid debt/GDP. Of course, "one-time" seems to be breaking down...
@mileskimball I fully agree if you make it a real long-term bond Channeling my inner John Campbell
@mileskimball What will be the effect of halfway sensible immigration policy on childcare in the future? And elder care. And freeing licensing and zoning restrictions. Restrict supply, subsidize demand, complain about cost is the American Way.
@nberpubs @mileskimball Interesting paper to read
@mileskimball @erikbryn @WSJ I agree with that ideal and appreciate your contributions to show how it could be operationalized. But I think we are, indeed, in a second best world.
@mileskimball This reasoning would also seem to support observance of a sabbath each week.
@mileskimball @causalinf Super interesting interview. Thanks @mileskimball @causalinf
@mileskimball IMO Cause Biden won the last election against the likely GOP candidate. No Dem want to be seen as potential spoiler & carry weight of challenging, “weakening” the candidate, who may end up losing in the general. Or worse, win the Dem nomination and then lose to Trump.
I completely agree!
The best possible outcome from this decision would be if efforts moved to remedying the profound racial inequities in the K-12 school systems that feed students into colleges. supremecourt.gov/opinions/22pdf…
I wrote a short post about the 3½-day fast that I recently completed. Thanks to @mileskimball for inspiring me to do it! My goal was 5 days, but I was happy with how it turned out. tyleransom.substack.com/p/my-3-day-fast
@JallyWhiskey @Cburner27 @ProfSteveKeen @mileskimball @ProfSteveKeen I don't want to make demands on your time but would love to know your thoughts. In a video I made about Gesell I argued that corn would be a better medium of exchange than gold. What do you think? If you have 13 minutes, here's the video: youtube.com/watch?v=3J0i5V…
@mileskimball From the inception of US policing when folks had to pay to get the job and then extort businesses for "protection", our policing system has been corrupt. It's always been about protecting the property of the wealthy and connected above all with a blind eye toward methods.
@mileskimball Where else do we let departments investigate themselves or enter into collective bargaining agreements that make it nearly impossible to fire somebody or fail to do background checks with former employers? Where else are the honest employees afraid of the corrupt employees?
@mileskimball The latter mostly it seems. Skill deficit and falling down the ladder of marginal product value of labor