Tim
@TimSandaele
Anonymous account. At least a middle school education. Actually want to learn things on this site, as crazy as it sounds.
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Over the course of a lifetime, we face only a few moments where the decisions we make and the actions we take will shape our history for years to come. This is one of them.
This guy is such a lunatic
The lack of tariff inflation (thus far) has quietly disproven much of the “excuse-flation” narrative. I hope everyone can take away the right lessons
Losing weight, while good overall and necessary for many people, is often an unhealthy process as it occurs. Diets should not be measured by how quickly they make you lose weight as a proxy for how healthy they are
Sometimes I ask myself what side particular people would be on if they had been alive in Nazi Germany. It’s not always easy to tell - people surprise you. This one, however, is an easy one.
Hi guys. I have just been handed official Alligator Alcatraz merch. I repeat, this prison has merch. Things are going insanely well.
I assume Elon has no understanding of the Geneve convention or our treaty obligations to asylum seekers. But if he’s going to have so much political influence, maybe he should consider some basic education?
I have a hard time reconciling Elon’s success and objectively high intelligence with his laughably moronic stuff like this. Is he just the most gullible CEO on the planet?
Backdoor way for trans women to get GOP acceptance
Top Trump ally Charlie Kirk: “If you are a man in this country and you don't vote for Donald Trump, you're not a man” 🤡
Ok but has anyone discussed the presidential immunity implications for the Coin? It appears the president can use Article II powers to force the fed to accept the platinum coin after all. We all owe @rohangrey an apology @TheStalwart
This really doesn’t sound like much of a monopoly to me
Four big corporations control over 60% of the market for groceries in major categories like bread, pasta, beef, and cereal. That gives them more power to jack up prices. I will keep working to lower costs for families by increasing competition.
This why it’s not a good idea to create your own economic language. You can end up with takes like "government liabilities aren’t actually liabilities because that would make them sound bad"
"liability" in quotes because Econ vocabulary uses a word with negative connotations for a neutral meaning. A clumsy footballer is a liability. When we accept liability for accidents, we accept blame. Liabilities are bad. Calling the money supply "liabilities" makes no sense. imo
Lemon is right. (although he flubbed the argument at the end) You have to look at evidence. I buy this argument in some cases, but medicine isn’t one of them, because doctors are all so qualified to begin with, and there is evidence minority doctors can provide better outcomes
Elon correctly explains why lowering the standards for medical care in the name of inclusivity is a terrible idea. Don Lemon’s brain can’t grasp the concept. DEI will get people k*lled.
I like this way of framing it. "what would have happened if we kept rates low?" Is an unknowable counterfactual, and it’s best to think about it in probability terms given what we know now.
Yellen: transitory means a few weeks or months I prefer: transitory means it will go away without you doing anything. Given how much the Fed has tightened policy for inflation to come down, I have revised down a lot the odds that it was transitory relative to 3 years ago.
This is so unbelievably dumb. It’s not some Western conspiracy that American journalists have left Russia, it’s because Russia imprisons them!
"States can nullify parts of the consitution they don’t like by threatening to retroactively unjoin the union" sorry, what?
If the Constitution really made states powerless to defend themselves against an invasion, it wouldn’t have been ratified in the first place and Texas would have never joined the union when it did. TX is upholding the law while Biden is flouting it. FL will keep assisting…
"inflation peaked back in June 2022, only three months after the Fed started hiking interest rates. At that time, the Fed’s policy rate had risen just 75 basis points" Are we still doing this? 🙄
I agree the big question here is "why didn’t rate hikes cause an increase in unemployment?" But the answer of "this proves there was never excess demand" seems backwards to me. Wouldn’t you expect more rate hike effect on employment in this environment?
Yes, rates rose a lot. Rate hikes could have led to: 1) reduction in inflation through inc in unemp lowering demand (main channel proposed) 2) increased unemp and little change in inflation (if supply stayed snarled). Thankfully 2 didn't happen. Importantly, neither did 1.
My 2¢ on today's EconTwitter discourse is that team transitory's position was that inflation would fade without tighter monetary policy, and that proved wrong, and that team soft landing's position was that inflation could fade without a recession, and that proved right.
I follow a number of economists who have fiercely argued for two years that the fed should not hike rates because it would cause a job killing recession. I don’t think it’a correct for them to now claim they were right all along.
Looking at this graph, would you expect the overall price level to be higher, lower, or about the same vs the pre-pandemic trend?
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