Sid Gundapaneni
@MacroscopeEcon
Followers
528
Following
289
Media
66
Statuses
2,611
Econ & Math @BinghamtonU | Economic Advisor @PraSagaOfficial | Interested in fiscal-monetary interactions, learning and RE, and indeterminacy
New York, USA
Joined February 2020
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Trump
• 7210352 Tweets
Biden
• 1266933 Tweets
Moderators
• 949548 Tweets
Ohio
• 666590 Tweets
Haitian
• 655168 Tweets
Springfield
• 584068 Tweets
Taylor Swift
• 412148 Tweets
PS5pro
• 282653 Tweets
ABC News
• 253308 Tweets
Project 2025
• 215835 Tweets
David Muir
• 186988 Tweets
Traidor
• 183466 Tweets
#StopAdani
• 175191 Tweets
Taliban
• 161231 Tweets
Charlottesville
• 158263 Tweets
JKIA
• 154211 Tweets
Concepts of a Plan
• 143670 Tweets
THEY'RE EATING THE DOGS
• 121769 Tweets
Marxist
• 92421 Tweets
Fox News
• 88048 Tweets
Paraguay
• 81362 Tweets
Abdul
• 79351 Tweets
Childless Cat Lady
• 77132 Tweets
トランプ
• 57607 Tweets
ゲーム機
• 34071 Tweets
Obamacare
• 27123 Tweets
Megyn
• 24596 Tweets
ゲーミングPC
• 24040 Tweets
श्री राधा
• 23153 Tweets
ドジャース
• 22744 Tweets
Con 86
• 18089 Tweets
드래프트
• 17738 Tweets
SUPER EIGHT
• 16842 Tweets
山本由伸
• 13172 Tweets
KITA BANGSA JUARA
• 12795 Tweets
SaatnyaBANGKIT UntukMENANG
• 12016 Tweets
Absolutely insane that a president of a nation has read and understood Coase, Arrow, and Ramsey and other. And so few are talking about it.
A short summary of today's
@JMilei
speech at
@Stanford
@HooverInst
; very technical economics heavy speech covering econ history, growth, general vs. partial equilibrium; dangers of models. Overall, critical of how economics has used market failure to justify state intervention.
102
915
7K
26
117
1K
There are two people in this picture. One of them understands economics, the other is Joseph Stiglitz.
There are two people in this picture. One of them understands economics, the other is Paul Krugman.
252
706
12K
5
14
247
Debate between
@cafreiman
and
@jtlevy
on liberalism and democracy
Levy has my respect for being the only person in attendance at
@Liberal_Studies
’ FreedomWeek besides me that is wearing a suit, but Freiman is bringing on the heat 💯
2
4
45
Introduce yourself with seven books:
1. Economic Growth
2. Microfoundations and Macroeconomics
3. The Calculus of Consent
4. Democracy: the God That Failed
5. The Theory of Monetary Institutions
6. Schooling, Experience, and Earnings
7. A Monetary History of the United States
1. The Liberal Archipelago
2. Hayek’s Modern Family
3. Inequality: An Entangled Political Economy
4. National Economic Planning: What is Left?
5. Marxism & Workers Self-Management
6. Wittgenstein, Austrian Economics, & the Logic of Action
7. The Routledge Handbook of Anarchy
4
3
42
5
2
32
I’d bet a lot of money that she supports Federal Pell Grants for college, but opposes School Choice.
@DrStephenTracy
@nhannahjones
The issue is not the choice. It’s expecting tax dollars to pay for them. Choose away.
14
0
1
1
3
28
Black Markets are quite close to free markets - my latest for Econlib
0
4
20
@RebelACole
@NYGovCuomo
There’s ways of containing and limiting it though. It’s not easy to do but we are not 100% helpless
2
0
18
Buchanan has ellegantly made his way into Selgin’s review of White’s better money. Definitely worth reading.
A worthwhile, concise discussion on how Bitcoin being banked in a fractional reserve system can alleviate many problems vs bank-less Bitcoin (that many maxis support)
Thanks to
@EmilePhaneuf
@GeorgeSelgin
,
@joakimbook
, and
@PeterSurda
for their contributions to _A Future World Monetary Order: A debate on Lawrence H. White’s Better Money: Gold, Fiat, or Bitcoin?_ Download available here:
1
15
57
2
3
17
In my latest for the American Institute for Economic Research, I put forth an argument that instead of looking at the direct cause of this banking crisis (rate hikes) we ought to look at why banks were so poorly hedged to begin with. Rate hikes were obvious, why wasn’t hedging?
1
6
16
Just got tickets to see
@lawrencehwhite1
debate Frederic Mishkin later this month! Excited to see White, one of my favorite monetary economists, along with Mishkin who wrote one of my favorite textbooks
1
3
15
Proud to announce my research on Private Sector Growth in the United States has been accepted for presentation at the 49th Annual Northeast Business & Economics Association Conference.
Considering I'm 18, and I applied as a long shot, I'm stoked.
3
1
15
This has been a hectic summer! GRE in a week, daily RA work, and working on Honors Thesis.
Was hoping to have time to start studying for PhD Micro and Real Analysis which I'm taking in the fall, but cannot prioritize studying for a Fall sem class when I have summer work.
1
0
14
Just sent in my last official contribution for this summer's RA-ship. I'll continue working on related projects as an RA going into the school year, but will take a much desired break.
Now onto PhD Micro prep. And Real Analysis. And PhD applications. It doesn't end, does it?
1
0
14
Only a sociologist would think they’re this entitled 😅
@DrCareyYazeed
No job that requires a PhD should pay less than 75-80k. And that’s the very minimum.
127
38
804
0
1
13
99% also don’t understand why the heck their car is safe, yet they continue to buy safe cars. Why? Bc markets allow us to learn from previous mistakes, continue what’s working, and improve upon that.
People will know what banks are safe, and banks will also be more responsible.
Economists: without deposit insurance, consumers don't have the financial literacy to examine bank soundness.
Bank Advertising in 1905:
23
51
167
2
1
13
@jasonfurman
At which point are we gonna start talking about the increased debt issuance to pay for higher gov interest costs being inflationary.
0
0
12
Wrote some predictions for what's to come this next year. I'm a bit skeptical that a soft-landing is even possible at this point, and that seems idea has been floated around a lot lately.
3
1
12
Lol, just saw this post now.
While only a sophomore, economics and math major Siddharth Gundapaneni has presented his independent research at an academic conference -- and will do so again this February. Read more:
0
0
6
1
0
12
Blessed to see 19🙏 Had a damn successful year, time to continue everything, but do it better
3
0
10
At my first visit to Cato in June 2022, meeting David Boaz was an absolute pleasure. As a 18 year old that had read everything Milton Friedman that came in front of me, I was fascinated seeing how much these scholars knew, and was blown away by David’s keynote talk that day. RIP.
We are deeply saddened to announce the passing of David Boaz.
David played an indispensable role in the development of the Cato Institute and was a foundational figure of modern libertarian thought.
His contributions to the Cato Institute and to libertarianism are far too vast
67
326
1K
0
1
11
The Economics Club I run at my university is hosting a 1v1v1 debate today on the resolution “Is Capitalism Compatible with Democracy.” I’ll be arguing no. Time to channel my inner Buchanan, Barro, and Hoppe.
5
0
9
My econometrics professors end of semester advice to me: “learn the math, learn the technology, but never forget it’s limits and don’t get buried in it.”
1
1
11
Had almost as much hours on podcasts that I did music😅 Look forward to many more episodes by
@DavidBeckworth
@BrianCAlbrecht
@EconTalker
@RebelEconProf
0
0
10
Most of Stiglitz’ lecture was about why inflation is almost entirely driven by supply factors.I disagreed and questioned him further, listing the plethora of measures showing demand is very hot and supply is mostly resolved.He essentially responded saying inflation at 5%% is fine
My presentation at NBEA's annual conference went superb! So much so that I was invited to present again at the Eastern Economics Association's annual conference next February. I'm excited for a much bigger stage.
0
0
8
1
1
9
Reading through Julian Simon's "The Ultimate Resource 2" for a HET class. “The stocks of them [copper] are not fixed but rather are expanding through human ingenuity... More generally, cost and price... will be our basic measures of scarcity.”
Simon shows his Hayekian influence
3
1
10
No, the eurozone doesn’t have a similar inflation problem
1
3
10
Somehow she missed the entire Rational Expectations revolution in Macro…
“There is no reason, neither theory nor evidence, to expect high.. rates to quell inflation, except by slowing.. growth and pushing up un- employment. And this has not happened yet…the Fed’s pat-on-its-own-back for a ‘soft landing’ is a bit of self-indulgent magical thinking.”
23
142
421
0
4
10
@danascoot
Tbf at my university many discussion sections consist of TA's directly giving answers without any explanations, so it's understandable why students think like this.
My ego would get in the way of me asking this...
0
0
8
Map of home prices by county. Three things stick out to me:
- The west is crazy expensive. They desperately need more housing.
- Nashville. Why are you paying that much to live in Nashville?
- Chicago is undefeated here
238
280
5K
2
1
9
My presentation at NBEA's annual conference went superb! So much so that I was invited to present again at the Eastern Economics Association's annual conference next February. I'm excited for a much bigger stage.
Proud to announce my research on Private Sector Growth in the United States has been accepted for presentation at the 49th Annual Northeast Business & Economics Association Conference.
Considering I'm 18, and I applied as a long shot, I'm stoked.
3
1
15
0
0
8
As Brent Oil falls below $100, we can observe it has been falling since mid june. And who would've guessed it, gas prices have also been falling since mid june! Looks like corporations just got less greedy again.
0
1
7
Have spent much of this summer on RA work for George Hall and Tom Sargent studying how large expenditures in US history were paid for. In our team, I've focused on the Louisiana Purchase.
So many fascinating, wonky dynamics at play....
1
0
8
The purposeful dishonesty is disheartening, especially coming from someone who writes undergrad textbooks.
PPP loans from the get go were meant to be forgiven, in a sense. Student loans were made on the premise that they would be paid back.
Contracts must be upheld.
This guy's worth about $40 million, and took over $300k in PPP loans from the government just a few years back.
He asked the government to waive his loans, and indeed, his future loan payments were canceled.
2K
8K
27K
0
1
8
Presenting a model of Child Labor Supply, found in Basu 2005, for my University's Economics Club.
Was a great experience, showing people that there is a trade-off in every policy decision, and that things are often not clear cut good or bad.
0
1
8
“Although I can’t say monetary policy has been politicized, I cannot say the same for Federal Reserve regulatory policy” - Former Federal Reserve Governor and Columbia Professor Frederic Mishkin
😳😳😳
0
1
8
Today was a great day. Left my phone at home, went to the park, and read
@GeorgeSelgin
's "Less Than Zero" from start to finish. Spectacular read. Its implications are quite useful in formulating Fed policy the next few years.
0
0
8
More interesting than the Phillips Curve falling apart, has been the utter destruction of the Beveridge Curve. At least some augmentations of the Phillips Curve like the NKPC that have expectations playing a large part are explanatory, but the linearity in the BC is nonexistent
2
1
8
9 hours of buses ahead (more than double that including the way back), but am nonetheless excited for my first academic presentation this weekend!
1
0
6
@BrianCAlbrecht
@PeterBoettke
Sowell’s knowledge and decisions, Becker/Mincer’s work on heterogenous human capital, Knight’s Risk Uncertainty Profit, Schumpeter’s equilibrium critiques. Many Austrians may disagree on whether or not some of these can/have advance(d) Austrian Econ, just my view.
0
0
7
If it were about human capital, the quality of what you learned would be what matters regarding calling it a Harvard degree or not. Instead, elites want to draw themselves in an exclusive, pricy circle that represents a signal.
@kalihollowayftw
Hi, Harvard real-degree here. You're spot on. The "extension school" is a source of laughter and annoyance for students and alumni. (I think Columbia has one, too -- same thing there.) It's basically an "anyone can enroll, so long as you pay", no more stringent than a community
3K
105
994
1
2
6
I'll go top 10 libertarian economists:
Per Bylund
John Cochrane
Roger Garrison
Larry White
Bob Murphy
Elinor Ostrom
George Selgin
Greg Mankiw
Robert Barro
Walter Block
Top 10 living libertarian thinkers, no particular order:
Ron Paul
Lew Rockwell
Hans Hoppe
Tom Woods
Jeff Deist
Scott Horton
Gene Epstein
Bob Murphy
Judge Nap
David Gordon
Who you got?
847
143
2K
4
1
7
Supported the
#WhitePaperProtests
today at
#NYGvsWAS
. Fantastic game, and nice to have seen a lot of others fan support as well.
#A4Revolution
#SFLiberty
0
4
7
And
@nntaleb
berates economists when half of financial “experts” predict recession without any understanding of business cycles.
Not to mention how little these “experts” understand the Fed - see how poorly priced treasury futures have been last one year
3/ Meanwhile, less than 50% of stocks within the S&P 500 have actually been moving higher over the last 50 days
Many people see this weak participation as evidence that we're about to see a large market crash
1
9
45
1
1
7
I created a price index for weed at my University
2
2
7
@MarcGoldwein
I have a hunch that state level gas tax suspensions have also been inflationary on gas prices, but any and all energy commodity inflation has been attributed to Russia-Ukraine
1
1
7
@JohnArnoldFndtn
@TheStalwart
Exactly the problem with completely arbitrarily decided, overfit rules.
0
0
7
A lot of the Fiscal Theory of the Price Level, more than I originally realized, rests on the assumption that bonds and money are perfect substitutes.
It’s not just that QE is ineffective if bonds and money are substitutes.
The entire mechanism of how P rises relies on this…
3
0
6
The only way to make Bitcoin viable as a currency and not a speculative asset is for people to embrace decentralized (and in some cases centralized) exchanges. A robust credit intermediation process is necessary for any money that desires to be of use to the masses.
2
0
6
Powerful words by
@JohnHCochrane
Liberty isn’t as easy a sell as many of us would hope, but that does not mean we should not continue to fight for it.
0
1
6
Two leftists on stage. I appreciate the diverse opinions, and I will happily dismiss them.
1
0
6
Argentina cuts rates and government spending, promises less future deficits. Consequently monthly inflation reaches it's lowest rate since October, monotonically decreasing since Milei took office.
Glory to the Fiscal Theory of the Price Level + Sargent and Wallace (1981)?!
2
2
6
Very subtle point by Scott Sumner, that applies to a lot more than asset pricing!
Ex: Unemployment being at 4% tells us the economy is probably quite strong.
Unemployment rising from 4.1% - 4.3% may tell us things are getting bad. Not that things are bad.
2
0
6
The difficulty of macroeconomics is that multiple theories can always explain the same data. NGDP, Fiscal Theory of the Price Level, and a Non-linear NK Phillips Curve all explain the recent inflation and disinflation.
The question is what describes the structure of the economy.
1
1
5
@debfernandez4
@BlackKnight10k
@johniadarola
And what has he done for POCs? Oh yes, he’s passed a total of 4 bills in Senate. “Oh but they must’ve helped poor people right” Nope, 2 of them were renaming post offices. He’s all talk.
0
1
6
At
@PrasagaOfficial
we’re working towards the first cryptocurrency that brings the attractiveness of technology that 21% of survey respondents cite, without the volatility necessitated by rigid supply models, observed in BTC and ETH.
0
2
4
@RepRibble
@MarcGoldwein
I would not trust NY state assembly to lower taxes after a salt deduction removal. They’d probably raise taxes just for the heck of it.
0
0
6
Never knew this, Lucas 1972 was rejected from AER for being too technical
(See Klein & Boumans on informational control engineering origins of paper )
As highlighted by
@joshgans
( ) paper was rejected by AER for being “distressingly arid.” Was published in Journal of Econ Theory
2
3
18
0
1
5
@cutupcado
@Pat_Horan92
@AaronSepulvedaC
If everyone held x dollars of CDs vs everyone held x dollars in cash, that represents very different demands for money, which wouldn't be made clear in demand or velocity of m2.
3
1
6
Any asset that appreciates 15% in three days is not an asset that is ever suitable to become money.
0
1
6
Liz Cheney voting for the Respect for Marriage Act is fantastic. I pray Senate Republicans follow suit, but am not hopeful.
0
0
4
It’s not a good thing that our debt is so high.
But the fact that we’re a pretty well functioning country with such massive debt is a testament to the power and world’s acceptance of the US Economy.
If you spend $1 million everyday it will take you 2,740 years to reach $1 trillion.
The U.S. national debt is now $35 trillion and rising by $1 trillion every 100 days.
EVERY…100…DAYS
290
2K
10K
2
1
4
Unfortunately as it stands, most of not all centralized exchanges are untrustworthy. There’s not one I would place my crypto within a mile of.
The only DEX’s I place significant trust in are the ones who’s developers I know well.
2
0
5
@lorakolodny
@vtg2
Agreed, but most people supporting this tweet had no issues when journalists were banned previously. Y'all can argue Elon is running things poorly, but don't act like you are/were for free speech. Not talking about 1a, i mean free speech.
2
0
5
The way he uses “information” here is very different than the way Hayek uses it, and even different than the way he (Acemoglu) uses it earlier in the thread.
Google, Facebook, etc do not, cannot, and will not know the desires of each individual.
Digital technologies and AI, at least in the way that they have developed, have created a tendency for power and information to be concentrated in the hands of a handful of companies, such as Google, Facebook and Microsoft.
7
7
142
1
0
5
@cafreiman
Yep! A basic income program always grants workers the privilege of being able to say “no”
0
1
4
Sala-i-Martin walked so Mr. Beast youtube titles could run
0
0
5
I’m not sure why so many are insistent that the minute inflation is less a worry, rates should be low again. Sure some low rates would certainly change a lot in the financial sectors e.g. M&As being low, low share issuance, etc.
But to me, no clear macroeconomic reason to cut.
@arindube
Even taking as given the battle against inflation has been won by March, why should Fed cut?
1) This could unanchor expectations, and cause inflation to run up a bit again
2) the higher rates are in normal times,the less of a worry ZLB is during next recession (more room to cut)
0
0
0
0
0
4
Even I’ve been called a white supremacist on twitter before. And it’s not hard to see my profile picture.
A brief list of things that the press has declared white supremist in the last two years:
Exercise
Healthy food
The scientific method
Being on time
Reading old books
Using correct grammar
Christianity
The nuclear family
Opposing the sexualization of children
Self defense
233
1K
5K
0
0
5
@MarcGoldwein
encouraging savings bond purchases is huge! Not just to deal with inflation, but so people are better equipped with some money that isn’t eroded when the recession comes
2
2
5
I’ve heard this distinction made in economics as well. Some say Stokey Lucas and Prescott & Ljungqvist and Sargent are reference books. Are there any technical teaching equivalents?
@HilbertSpaess
Well at some level, not the author's fault: math curricula tend to use what are more or less reference books as teaching books, the two should be distinguished
0
0
3
1
0
3
Even if he has selfish intentions from this, good on him for doing this.
0
0
4
Proud to be a recipient of
@mercatus
at
@GeorgeMasonU
renowned Don Lavoie Fellowship! A really nice way to cap off a great freshman year.
0
0
5
@AgnesCallard
@ben_golub
@Bellmanequation
, Cho, and Sargent 2002 (and other related papers) also have discussion of how government’s that are uncertain of their models (underconfident) are often prompted to change their models from accidental experiments that work out. Similar to overconfident behavior
1
0
3
Hearing Trumpies complain about inflation is laughable. Trump and Hawley’s support for $2,000 checks would have us in a worse situation then we’re in now. Trump supporters just love to complain for the sake of it, and play the victim in every situation.
3
0
4
Finally done with finals. Studying for grad level numerical linear algebra was a b*tch!!!
1
0
5
Fractionally reserved layer 2s on Bitcoin have potential. Though it’s even more efficient when the crypto manages its own supply in response to demand; as
@PrasagaOfficial
will do.
@besttrousers
Yes, Blinder makes the same point in "Central Banking in Theory and Practice."
The optimal balance is a subjective determination, and in my own opinion, given Bitcoin is only 15 years old (compared to 2 millenia of Gold), it's too early to tell!
I'm especially excited for
0
0
3
1
2
5
@gp_mihalache
@neocentrist
Makes it much easier to raise sales taxes bc people are less likely to feel the pain of the increases. Same issue arises with withholding income tax. Seeing clearly how much is being taken hurts - and it should.
Both have obvious convenience benefits, but bad in the long-run.
1
0
4
Is currency reform even needed or is the threat of fiscal austerity (with the follow through not needing to be immediate) enough for painless disinflation?
It seems in some years we can augment Sargent (1982) to be “The Ends of Five Big Inflations” adding in Argentina!
1
1
3
Math stats final tonight at 8, masters time series forecasting tomorrow morning. And I’m busy studying Bayesian stats, notably not covered on my Math Stats final. If only I were capable of making good decisions…
2
0
5
Be sure to check out my recent article using insights from Frank Knight to show one key aspect worker cooperatives consistently lack in!
1
2
5
Wow. Hearing this from
@delong
means a lot. I'll always love the way "Conversations with
@tylercowen
" is ran!
0
0
4
@LucasOfSunshine
In the early months of covid many New Yorkers, myself included, looked favorably upon how he handled covid. His daily press conferences reminisced of FDRs fireside chats, he kept the people in the loop of whatever was happening, and kept people calm. And then it all fell apart
0
0
4
Wow this is incredible. Of course I’ve done nothing even close to this level, but the feeling is discovering something on your own that someone else already has done is both painful and incredible.
remember that time a biologist rediscovered integration and named it after herself
383
2K
22K
3
0
4
Sahm Rule is punching far above its belt and is being written about too much.
Models of expectations & their impact, along w/ business cycles, are being talked about too little.
Is this failure on economics being too difficult to read, or are econ journalists not doing enough?
4
0
4
@mattyglesias
I don’t see what’s wrong with old people in congress. If constituents feel that an old person represents their views best, so be it. If you don’t want old people, vote em out in your constituency. But term limits for congress are unnecessary in my view.
3
0
4
@andr_w
@IDoTheThinking
@530BruceRoss
If neoliberals controlled San Francisco it wouldn’t be so terribly zoned
1
0
4