Jonathan Parker
northcarolinaexpat.bsky.social
Jonathan Parker
@northcarolinaexpat.bsky.social

Teacher of policy and research methods. Researcher of higher education and pedagogy. Long distance running keeps me from coming unglued.

Education 30%
Public Health 19%
An "economist" so dumb I had to explain to him how the import price index works last month will now lead the BLS, kill me
BBC International Editor Jeremy Bowen has confirmed that the entire Al Jazeera team in Gaza City has been killed.

Recently accepted by #QJE, “Insurance Versus Moral Hazard in Income-Contingent Student Loan Repayment,” by Tim de Silva (@timdesilva.me): doi.org/10.1093/qje/...
Insurance Versus Moral Hazard in Income-Contingent Student Loan Repayment*
Abstract. Student loans with income-contingent repayment insure borrowers against income risk but can reduce their incentives to earn more. Using a change
doi.org
The President firing the BLS Commissioner last week stirred up many criticisms agency. One that I found most troubling is the idea that the private sector could do it better. No, there's no substitute for the BLS as I argue in my
@opinion.bloomberg.com piece: www.bloomberg.com/opinion/arti...
The BLS Can’t Be Replaced by the Private Sector
Government statistical agencies provide breadth and context that private firms can’t match.
www.bloomberg.com

Hazy August morning with sailboats

Trump is the gift that keeps giving to China via @FT
I’m happy that the U.S. is supporting the people and economy of China, but we should be doing that by lifting us all up, not pulling America down.

on.ft.com/4ooVDOq
Trump is the gift that keeps giving to China
The US president is upending a quarter of a century of American policy in the Indo-Pacific
on.ft.com

Reposted by Aaron Sojourner

Yup. Definitely out on TIPS, but maybe Treasuries too?
Trump already told you: “I’ve made a fortune using debt, and if things don’t work out, I renegotiate the debt…You go back and you say, hey guess what, the economy crashed, I’m gonna give you back half.”

Reposted by Jonathan Parker

If inflation figures are less accurate, or if investors suspect they’re subject to political influence, it could chill the $2 trillion market for Treasury Inflation-Protected Securities, or TIPS.
www.wsj.com/livecoverage...
Trump vs. the Bureau of Labor Statistics: Why This Firing Could Burn Your Finances
🔎 This is an online version of Spencer's Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧 Jerome Powell is a household name, at least to reade...
www.wsj.com
Just remembering I wrote this ~3 weeks ago. For once wishing I’d been wrong. www.washingtonpost.com/opinions/202...
Opinion | First thing we do, let’s fire all the statisticians
The Trump administration’s strategy in dealing with tough numbers: Don’t count them.
www.washingtonpost.com
Statement from the largest economics association about the BLS firing

As context: AEA approximately never makes such public statements

This is a big deal

Reposted by Jonathan Parker

Heartfelt thank you for your service.
Why do the jobs numbers get revised?

our markets and policymakers want data NOW but employer data dribbles in over months

1st estimate is based on the 75% of employers who respond promptly

Updates occur as more data rolls in: 95% response rate by final revision 1/N

www.bls.gov/opub/btn/vol...

On the one hand, Wow!
On the other hand, not surprising that “the more you suffer, the more it shows you really care” was written by someone with a PhD.
If you want a weird but true fact to talk about:

Dexter Holland, lead singer of The Offspring, was instrumental in this. His doctorial thesis in molecular biology was sequencing mRNA in HIV. The paper was also heavily cited in creating the COVID-19 vaccine.
It feels like we should be making a bigger deal of “we actually did in fact find a cure for AIDS”

Does Trump now appoint Ghislaine Maxwell to head the BLS or to the empty Fed Board seat?
For months, people have been asking me whether I still trusted gov’t data. My answer was always the same: The stats agencies faced longstanding challenges, some of which Trump was making worse. But there was no sign of political meddling.
I can’t say that anymore.
www.nytimes.com/2025/08/01/b...
Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Fires Labor Official
www.nytimes.com
If you want a weird but true fact to talk about:

Dexter Holland, lead singer of The Offspring, was instrumental in this. His doctorial thesis in molecular biology was sequencing mRNA in HIV. The paper was also heavily cited in creating the COVID-19 vaccine.
It feels like we should be making a bigger deal of “we actually did in fact find a cure for AIDS”
wired.com WIRED @wired.com · Aug 1
Evidence is growing that some HIV-infected infants, if given antiretroviral drugs early in life, are able to suppress their viral loads to undetectable levels and then come off the medicine. www.wired.com/story/the-fi...

Beautiful from Matt Levine today:
"One model that you can have is that superhuman AI will be terrifying in various ways, but extremely rational... it will be a sort of psychotic pursuing its own aims with crushing instrumental rationality. And arguably that’s where you need economists!"

This is going to be fun . . .
www.crfb.org/blogs/trump-...

The Onion headline makes it the NYT!!!
Holy shit, they did it. They wrote the headline.
Holy shit, they did it. They wrote the headline.

MIT Sloan finance has authority to hire three new faculty to start summer 2026, so there’s that

(Also Econ job mkt average pay probably will be way up, but due to composition bias.)
By all indications, last years economics job market was much tougher than any year since the pandemic. But all signs point towards an even worse job market coming up this season.

Let me explain.
For those without access, here is a gift link to the NYTimes article on the sad state of the economics job market www.nytimes.com/2025/07/28/b...
By all indications, last years economics job market was much tougher than any year since the pandemic. But all signs point towards an even worse job market coming up this season.

Let me explain.
For those without access, here is a gift link to the NYTimes article on the sad state of the economics job market www.nytimes.com/2025/07/28/b...
The Bull Market for Economists Is Over. It’s an Ominous Sign for the Economy.
www.nytimes.com

Reposted by Jonathan Parker

Thoughtful overview of the options on the table vis-a-vis Russia by Robin Brooks and @econharris.bsky.social.

One fact that stuck out to me: crude oil accounts for ~50% of China's total imports from Russia & over 80% of India's. So crucial to hit that artery.

www.russiamatters.org/analysis/sec...
Secondary Tariffs or Tighter Sanctions? Strategies to End Russia’s War in Ukraine | Russia Matters
www.russiamatters.org

Greatest re-brand ever was putting an electric motor in a lightweight motorcycle and calling it an e-bike

Reposted by Jonathan Parker

Is this 'making America great again'? Robert F. Kennedy Jr. that he could may government scientists from publishing in the world’s leading medical journals, instead proposing the creation of “in-house” publications by his agency
www.washingtonpost.com/health/2025/...

Reposted by Jonathan Parker

The court ruling against many of Trump's tariffs today would lower US overall tariff rates by roughly 10%, only leaving the tariffs on cars, steel, & aluminum

If it holds (a very big if) tariffs would drop to the lowest rate since March & importers would get retroactive relief

Reposted by Jonathan Parker

Fun fact.

Incomes surged in March & April, boosted by the largest two month surge in Social Security payments since 1981.

Baby boomers are filing for benefits early on fears that staffing and funding cuts could curb their access to Social Security benefits going forward.