Oren Cass @oren_cass
Executive Director, @AmerCompass. Author, "The Once and Future Worker." Analysis of, and commentary on, public policy. americancompass.org Massachusetts Joined November 2011-
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Good thread on the economic logic of "computer chips, potato chips, what's the difference?" Did people really think that way? Some still do!
Good thread on the economic logic of "computer chips, potato chips, what's the difference?" Did people really think that way? Some still do!
Excellent thread. Demonstrates how sharp and comprehensive the case for industrial policy has become, and how facially absurd and unpersuasive the remaining fundamentalist objections are.
Excellent thread. Demonstrates how sharp and comprehensive the case for industrial policy has become, and how facially absurd and unpersuasive the remaining fundamentalist objections are.
Fantastic conversation here on one of the most important issues in macroeconomics and global trade: Is the dollar's status as reserve currency an exorbitant privilege or exorbitant burden? The answer may surprise you!
Fantastic conversation here on one of the most important issues in macroeconomics and global trade: Is the dollar's status as reserve currency an exorbitant privilege or exorbitant burden? The answer may surprise you!
Oren Cass and I discuss the implications for the US economy of global dollar dominance. americancompass.org/michael-pettis…
The split-screen of Biden claiming that he's "fixing the broken student loan system" through massive debt forgiveness, as the Department of Ed's attempt at reforming FAFSA melts down, is really confidence inspiring.
“Only the federal government could devise a predatory loan that loses money.” - @AEI’s Michael Brickman e-mails with the most telling take on this entire, years-long debacle
“Only the federal government could devise a predatory loan that loses money.” - @AEI’s Michael Brickman e-mails with the most telling take on this entire, years-long debacle
It would have really undermined trust in experts if the eclipse didn't happen.
If you're highlighting a quote that suggests one of the world's most profitable and powerful companies was not "in danger of losing its dominant position" for a couple of decades, maybe you're not making the case against antitrust enforcement as effectively as you think...
If you're highlighting a quote that suggests one of the world's most profitable and powerful companies was not "in danger of losing its dominant position" for a couple of decades, maybe you're not making the case against antitrust enforcement as effectively as you think...
4/5 This does indeed mark an astonishing discovery for "standard economics". People are not just consumers. They are also producers, and the extent to which they can consume does not depend on how cheap consumer products are, but rather on how much they produce.
3/5 The article quotes Yellen as saying: “People like me grew up with the view: If people send you cheap goods, you should send a thank-you note. That’s what standard economics basically says,” she said. “I would never ever again say, ‘Send a thank-you note.’ ”
“People like me grew up with the view: If people send you cheap goods, you should send a thank-you note. That’s what standard economics basically says. I would never ever again say, Send a thank-you note.” -- Treasury Secretary Janet Yellen in today's WSJ. wsj.com/politics/polic…
“People like me grew up with the view: If people send you cheap goods, you should send a thank-you note. That’s what standard economics basically says. I would never ever again say, Send a thank-you note.” -- Treasury Secretary Janet Yellen in today's WSJ. wsj.com/politics/polic…
Great article about two intellectuals leading the political realignment through which we are living.
Great article about two intellectuals leading the political realignment through which we are living.
Hear hear! I found it so interesting that @oren_cass had me — a pro labor lefty - come to help moderate one of his recent conferences, and kindly called me his favorite columnist. It shows the overlap of right and left in interesting ways; Watch this space!!
Hear hear! I found it so interesting that @oren_cass had me — a pro labor lefty - come to help moderate one of his recent conferences, and kindly called me his favorite columnist. It shows the overlap of right and left in interesting ways; Watch this space!!
'“I love economics,” said Cass. “I think economists are very bad at economics.”' @oren_cass and I are apparently roiling Washington, D.C. rollcall.com/2024/04/03/sto…
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Our son Bobby is back from his deployment to Europe. We are happy to have him home and proud of his service for our great country.
@oren_cass Your northern neighbour can provide y’all with plenty of evidence showing why this is a terrible idea. It’s policy made by the upper class for the upper class. Working class people don’t want it, and don’t use it. It’s a zombie policy: bad policy that just doesn’t die.
@Mike_Palicz Going back to the 80s, big spending increases have occurred along with both tax cuts and tax increases, so I don’t think there’s much correlation either way. But isn’t @oren_cass at least correct that size of gov’t is better measured by spending level not tax level?
As Bill Niskanen put it:
@AmerCompass 3/ Thing is, this case for tax cuts has collapsed. It's not taxes that dictate the size of government, it's spending. And it turns out, unsurprisingly, cutting people's taxes doesn't lower spending. If anything it makes government benefits seem cheaper. americancompass.org/the-curse-of-v…
Congratulations! We look forward to this new publication from our friends at @AmerCompass.
Coming May 2024 -- @AmerCompass is launching a magazine that will address the economic and cultural concerns of ordinary Americans. @olivertraldi is the Editor. Through conversations and commentary, reporting and analysis, we will pursue a renewed national solidarity.
@oren_cass @AmerCompass I am grateful for the kind words. Excellent conference today.
@mcinthedc I’m gonna be brutally honest, I did not see the child tax credit part of his message and though he was talking generally about the need for welfare reform. I’m fully on-board with expanding the CTC
Couldn’t have designed in a lab a response that more confirmed @oren_cass charge. “If you disagree with our theory you don’t understand it” Check. Non-productive attempt to use Mises price critique of socialism: “How can governments possibly know if potato chips or micro chips…
@swinshi @oren_cass @jayshelt @JoshuaTMcCabe Are you saying you needed it pointed out that someone can’t just claim UI at will like that?
@charlesmurray Would add Cass’ Once and Future Worker and Eberstadt’s own Men Without Work to that list.
@paulg Proclaimed right of center org that has a distinct history of avoiding culture wars, inflammatory journalism, etc. What part of their two word name implies an agenda? Regardless, glad you shared because it’s very insightful and @oren_cass does great work.
I see your poorly drawn trendline (@nytimes) and raise you the mostly poorly drawn line of best fit in the history of major media opinion pages (@WSJopinion).
@oren_cass Congrats Oren! Was very cool stumbling across this in the NYT
.@oren_cass’s “The Once and Future Worker” goes hard.
Too brief a stay in NYC - late yesterday to now - but at least I was able to walk through one of its paradigmatic streetscapes before departing. Very much enjoyed appearing at a delightful NYC “salon” with @oren_cass.
Hey @oren_cass, stop whining about me in your meetings and respond. Why are you promoting a party apparatus of the Democrats? Is it a requirement of the foundation money to stay ahead of NPR and Planned Parenthood on the list?
Elizabeth Warren could’ve tweeted this nonsense. Here’s the UAW’s political giving.
@oren_cass @AmerCompass sometimes the best way to delegitimize critics is to just raise the volume a bit on the microphone and let them keep talking
1/ Out today -- a new @AmerCompass collection on tax policy: A Walk on the Supply Side. My essay, The Curse of Voodoo Economics, argues that conservative conflation of two rationales for tax-cutting has driven economic policy off the rails. Let me explain...🧵
@oren_cass to Steve Moore: “Did you even say the word “wages” in a speech on “immigration and wages”? @ISI’s AEF brings the heat on the essential economic questions of the day!
entire thread is worthwhile but i have to applaud a rare correct use of “begging the question”
@paulkrugman 14/ The economic models that find tariffs costly and ineffective are built on the assumption that making things doesn't matter. From that assumption, of course they reach that result. But they are merely begging the question.
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