Tom Barson
@tbarson49
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Infovore, onetime IT services pro, wannabe economist. 🇺🇦
East Lansing, MI
Joined January 2016
RT @StevenIsserlis: Wisdom from Dietrich Bonhoeffer, b otd 1906 The essence of optimism is that it takes no account of the present, but it…
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Well worth reading.
✍️Despite being the world's biggest oil producer, America is massively reliant on Canadian oil. Actually getting MORE reliant, not less. So what happens when tariffs get imposed on Canadian oil? The answers are quite unsettling, both for the American people and for everyone else
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@dmarusic But I suspect that we would have to introduce a term like "leadership" to account for the difference. Soft power is leadership + capability, but leadership would probably have to include some history of actually using power. (It's back-of-envelope, but good enough for X!). 2/2
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RT @RevEconStudies: Recently accepted to #REStud, ``Wealth Inequality and Asset Prices'' from Matthieu Gomez: http…
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So, watch, Gautier will start playing with Lang Lang.
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Note the coal-fired smoke plume - pretty unusual by 1940.
Battleship Schlesien in the western Baltic Sea, late Jan 1940
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"Christian"
If you're gonna use Augustine's "ordo amoris," get it right. "All men are to be loved equally. But since you cannot do good to all, you are to pay special regard to those who, by the accidents of time, or place, or circumstance, are brought into closer connection with you."
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@BrankoMilan Are there any comparative stats from other countries? Is 30+% of 0th percentile a common baseline?
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@heimbergecon Philipp, yes! I think this is happening on many dimensions: age (as FT shows), income, indebtedness level, etc. All sorts of distressed groups prefer tax cuts to either investment or "programs" (which are framed as benefitting others). Big issue.
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RT @ShekuKM: Here's a small part of the 2nd movement of Weinberg's cello concerto. It's a piece that I have really loved playing recently a…
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RT @heimbergecon: Attention span isn’t fixed, but increases with practice. After 20 minute sessions solving problems, students show signif…
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This is beautiful. To me, it contains an implication that would have gotten Ben shot as a PhD or junior economist, i.e., that Arrow-Debreu is nonsense, or at least such an 'out there' counterfactual that it shouldn't be a standard assumption.
Most people try to have insurance to protect their biggest assets (e.g., house). But markets provide very little explicit help if you want to protect yourself against economic change erasing the value of, say, your college degree. This doesn't have to be so. 1/
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This looks suspiciously like world peace!
A splendid evening in London with one of the most intellectually interesting and challenging persons in today's world, @lea_ypi.
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