Adam S. Hersh, Ph.D.
@ahecon.bsky.social
Economist @EconomicPolicy. Frmr @PERIatUMass
@JECDems @Policy_Dialogue @CAPeconomy @rooseveltinst. #econsky #china #trade #industrialpolicy #manufacturing. 天下大乱，形势大好。
@JECDems @Policy_Dialogue @CAPeconomy @rooseveltinst. #econsky #china #trade #industrialpolicy #manufacturing. 天下大乱，形势大好。
Reposted by Adam S. Hersh, Ph.D.
Chinese goods dumping started before tariffs, ECB study finds reut.rs/4qQxgu6
Chinese goods dumping started before tariffs, ECB study finds
Weak domestic demand rather than U.S. tariffs is the main reason China is dumping surplus product on European markets at rock-bottom prices at the expense of domestic producers, a European Central Bank study argued on Tuesday.
reut.rs
November 11, 2025 at 9:15 AM
Chinese goods dumping started before tariffs, ECB study finds reut.rs/4qQxgu6
Despite decades of IT innovation and productivity growth, the retro Atari 2600 is more expensive today in inflation-adjusted terms than when my parents refused to buy it for me as a kid. OTOH, now it's Pac-Man yellow...
#rentseeking
#rentseeking
November 11, 2025 at 12:31 PM
Despite decades of IT innovation and productivity growth, the retro Atari 2600 is more expensive today in inflation-adjusted terms than when my parents refused to buy it for me as a kid. OTOH, now it's Pac-Man yellow...
#rentseeking
#rentseeking
Reposted by Adam S. Hersh, Ph.D.
Gifting this article from The Atlantic by a judge appointed by Reagan, who is resigning so he can speak out about how Trump is destroying the rule of law. Must read.
www.theatlantic.com/ideas/2025/1...
www.theatlantic.com/ideas/2025/1...
Why I Am Resigning
A federal judge explains his reasoning for leaving the bench.
www.theatlantic.com
November 10, 2025 at 2:11 PM
Gifting this article from The Atlantic by a judge appointed by Reagan, who is resigning so he can speak out about how Trump is destroying the rule of law. Must read.
www.theatlantic.com/ideas/2025/1...
www.theatlantic.com/ideas/2025/1...
Reposted by Adam S. Hersh, Ph.D.
46 Years Ago
1979 was also a year with great punk rock, post-punk, and ska albums.
Here's a selection—is your favorite among them?
Mine is definitely Ramones - It's Alive
#punk #punks #punkrock #postpunk #ska #vinyl #legends #musiclegends #history #punkrockhistory
1979 was also a year with great punk rock, post-punk, and ska albums.
Here's a selection—is your favorite among them?
Mine is definitely Ramones - It's Alive
#punk #punks #punkrock #postpunk #ska #vinyl #legends #musiclegends #history #punkrockhistory
November 9, 2025 at 5:28 AM
46 Years Ago
1979 was also a year with great punk rock, post-punk, and ska albums.
Here's a selection—is your favorite among them?
Mine is definitely Ramones - It's Alive
#punk #punks #punkrock #postpunk #ska #vinyl #legends #musiclegends #history #punkrockhistory
1979 was also a year with great punk rock, post-punk, and ska albums.
Here's a selection—is your favorite among them?
Mine is definitely Ramones - It's Alive
#punk #punks #punkrock #postpunk #ska #vinyl #legends #musiclegends #history #punkrockhistory
Reposted by Adam S. Hersh, Ph.D.
#OtD 9 Nov 1938 a pogrom occurred against Jewish people throughout Nazi Germany carried out by the fascist Brownshirts and antisemitic civilian supporters. Nazis dubbed it "Kristallnacht". 30k Jews were arrested and hundreds killed in the coming weeks stories.workingclasshistory.com/article/1094...
November 9, 2025 at 11:30 AM
#OtD 9 Nov 1938 a pogrom occurred against Jewish people throughout Nazi Germany carried out by the fascist Brownshirts and antisemitic civilian supporters. Nazis dubbed it "Kristallnacht". 30k Jews were arrested and hundreds killed in the coming weeks stories.workingclasshistory.com/article/1094...
Reposted by Adam S. Hersh, Ph.D.
Your cat when you're choking to death in your apartment
November 6, 2025 at 9:16 PM
Your cat when you're choking to death in your apartment
Actually, a bunch of countries have higher GDP per capita than the US. Some are a lot higher.
The United States has been running trade deficits since 1976, and in that half-century, it has achieved the highest per capita GDP on the planet. Some emergency! www.thebulwark.com/p/which-cons...
Which Conservative Justices Will Fall for Trump’s Tariff Power Grab?
Emergency powers “tend to kindle emergencies,” as a great justice of yore once observed.
www.thebulwark.com
November 7, 2025 at 12:31 PM
Actually, a bunch of countries have higher GDP per capita than the US. Some are a lot higher.
Trade diversion.
Makita to build more tools for US in Thailand, Romania instead of China
https://asia.nikkei.com/economy/trade-war/trump-tariffs/makita-to-build-more-tools-for-us-in-thailand-romania-instead-of-china
https://asia.nikkei.com/economy/trade-war/trump-tariffs/makita-to-build-more-tools-for-us-in-thailand-romania-instead-of-china
Makita to build more tools for US in Thailand, Romania instead of China
Japanese manufacturer's proactive stockpiling helps performance
asia.nikkei.com
November 6, 2025 at 12:37 PM
Trade diversion.
Reposted by Adam S. Hersh, Ph.D.
IEEPA was enacted in 1977 during the Tokyo Round trade talks. We were joined by Members of Congress in both tariff and non-tariff negotiations. I never saw any indicaton that they planned to give up their powers to control tariffs.
Trump’s Tariffs Might Have Gone Too Far Even for This Supreme Court
The justices have been friendly to the president, but on Wednesday a majority of them took a dim view of his claims to widespread power to impose tariffs on American importers.
newrepublic.com
November 6, 2025 at 6:58 AM
IEEPA was enacted in 1977 during the Tokyo Round trade talks. We were joined by Members of Congress in both tariff and non-tariff negotiations. I never saw any indicaton that they planned to give up their powers to control tariffs.
Happy SCOTUS IEEPA tariffs hearing day! We won't know for a while how justices will split the conservative baby between MAGA and Koch Brothers laissez-faire, but my guess is Trump will keep custody.
a fireworks display with purple and green fireworks exploding in the night sky
ALT: a fireworks display with purple and green fireworks exploding in the night sky
media.tenor.com
November 5, 2025 at 1:04 PM
Happy SCOTUS IEEPA tariffs hearing day! We won't know for a while how justices will split the conservative baby between MAGA and Koch Brothers laissez-faire, but my guess is Trump will keep custody.
Reposted by Adam S. Hersh, Ph.D.
Mamdani: "New York will remain a city of immigrants, a city built by immigrants, powered by immigrants, and as of tonight, led by an immigrant."
November 5, 2025 at 4:40 AM
Mamdani: "New York will remain a city of immigrants, a city built by immigrants, powered by immigrants, and as of tonight, led by an immigrant."
Reposted by Adam S. Hersh, Ph.D.
1. In the wake on Mamdani’s win, we’ll see a lot more far right anti-urban sentiment. Here’s a thread on its roots and evolution.
The idea that the city is evil and corrupt, and the countryside innocent and pure, goes back a long way: to Theocritus in Alexandria, and to the Old Testament. 🧵
The idea that the city is evil and corrupt, and the countryside innocent and pure, goes back a long way: to Theocritus in Alexandria, and to the Old Testament. 🧵
November 5, 2025 at 7:58 AM
1. In the wake on Mamdani’s win, we’ll see a lot more far right anti-urban sentiment. Here’s a thread on its roots and evolution.
The idea that the city is evil and corrupt, and the countryside innocent and pure, goes back a long way: to Theocritus in Alexandria, and to the Old Testament. 🧵
The idea that the city is evil and corrupt, and the countryside innocent and pure, goes back a long way: to Theocritus in Alexandria, and to the Old Testament. 🧵
Reposted by Adam S. Hersh, Ph.D.
This is insane, and now I know why a helicopter buzzing repeatedly woke me up at 4:30am that day. This time they wanted to be done before the traffic started, but the helicopter might've given it away? This cruelty needs to be widely publicized. @marisakabas.bsky.social @georgetownuni.bsky.social
Not just Kavanaugh stops. Kavanaugh ransacking of apartments. open.substack.com/pub/migranti...
SCOOP: Latino Tenants Told to Vacate After Georgetown ICE Raid
Witnesses describe multi-agency sweep at Wisconsin & O St. NW; 10–12 taken; Latino units “tossed;” ammunition left in the hallway, and tenants told to vacate.
open.substack.com
November 3, 2025 at 5:27 PM
This is insane, and now I know why a helicopter buzzing repeatedly woke me up at 4:30am that day. This time they wanted to be done before the traffic started, but the helicopter might've given it away? This cruelty needs to be widely publicized. @marisakabas.bsky.social @georgetownuni.bsky.social
Ottawa bracing for retaliatory tariffs if Toronto takes the World Series tonight.
two men are standing in front of a large map that says great white north
ALT: two men are standing in front of a large map that says great white north
media.tenor.com
November 1, 2025 at 10:16 PM
Ottawa bracing for retaliatory tariffs if Toronto takes the World Series tonight.
Reposted by Adam S. Hersh, Ph.D.
With Trump still on Air Force One en route back from China talks, the Senate just voted 51-47 to end the national emergency that underpins his tariff powers. This is a symbolic vote that won't get through the House. But the timing is striking between trade talks and next week's Supreme Court ruling.
Senate Votes to Stop Trump's Broad Tariffs
Senators voted 51-47 to stop the Trump administration’s broad tariffs imposed on imported goods from around the world. It’s a largely symbolic vote that comes just days before the Supreme Court hears ...
www.barrons.com
October 30, 2025 at 5:23 PM
With Trump still on Air Force One en route back from China talks, the Senate just voted 51-47 to end the national emergency that underpins his tariff powers. This is a symbolic vote that won't get through the House. But the timing is striking between trade talks and next week's Supreme Court ruling.
Reposted by Adam S. Hersh, Ph.D.
More big news: the Senate just passed my bipartisan resolution to end Trump's global tariffs. This is a huge win and shows how unpopular Trump's tariffs really are. Now it's time for Mike Johnson to abandon his 6 week vacation and get this passed in the House.
October 30, 2025 at 5:39 PM
More big news: the Senate just passed my bipartisan resolution to end Trump's global tariffs. This is a huge win and shows how unpopular Trump's tariffs really are. Now it's time for Mike Johnson to abandon his 6 week vacation and get this passed in the House.
Reposted by Adam S. Hersh, Ph.D.
The Trump administration is pushing the US onto a low-productivity, low-growth path
A poll from the journal Nature found that 75% of researchers in the U.S. are considering leaving the country. That includes a man who’s been dubbed the "Mozart of Math." (This PBS story on the scientific brain drain is heartbreaking & ominous for medicine, imo.) www.youtube.com/watch?v=yLvO...
Top researchers consider leaving U.S. amid funding cuts: 'The science world is ending'
YouTube video by PBS NewsHour
www.youtube.com
October 30, 2025 at 2:41 PM
The Trump administration is pushing the US onto a low-productivity, low-growth path
Reposted by Adam S. Hersh, Ph.D.
"Recordings allegedly expose a coordinated plot by senior figures of the opposition National Party of #Honduras (PNH), a member of the National Electoral Council (CNE), & elements within the armed forces to manipulate the will of the people & distort the results of the elections"
NEW 🇭🇳 The Progressive International's Observatory expresses grave concern about the integrity of Honduras’s upcoming general elections on 30 November, following the release of disturbing audio recordings by Attorney General Joel Zelaya.
Statement from the Progressive International Observatory
Red Alert: Audio Recordings Reveal Alleged Conspiracy in Honduras Elections
buff.ly
October 30, 2025 at 2:42 PM
"Recordings allegedly expose a coordinated plot by senior figures of the opposition National Party of #Honduras (PNH), a member of the National Electoral Council (CNE), & elements within the armed forces to manipulate the will of the people & distort the results of the elections"
Not to be outdone by anybody, Trump turns up his trade diplomacy to 12...just to go back to where things were before he upended trade relations: Trump and Xi Ease Off the Trade War, but New Nuclear Threat Brings a Chill www.nytimes.com/2025/10/30/u...
a man and a woman are standing next to each other and the woman is wearing a skeleton tank top .
ALT: a man and a woman are standing next to each other and the woman is wearing a skeleton tank top .
media.tenor.com
October 30, 2025 at 2:49 PM
Not to be outdone by anybody, Trump turns up his trade diplomacy to 12...just to go back to where things were before he upended trade relations: Trump and Xi Ease Off the Trade War, but New Nuclear Threat Brings a Chill www.nytimes.com/2025/10/30/u...
I'm old enough to remember when it was *easy* to win a trade war: Trump and Xi, Hoping to Ease Trade War, Agree to 1-Year Truce www.nytimes.com/2025/10/30/b...
Trump and Xi, Hoping to Ease Trade War, Agree to 1-Year Truce
www.nytimes.com
October 30, 2025 at 11:36 AM
I'm old enough to remember when it was *easy* to win a trade war: Trump and Xi, Hoping to Ease Trade War, Agree to 1-Year Truce www.nytimes.com/2025/10/30/b...
Reposted by Adam S. Hersh, Ph.D.
Janice Huijun Yan & Randall Morck find that the stocks of firms headquartered in counties that tend to vote Republican fell more than the stocks of firms in 'bluer' counties following Trump's announcement of "Liberation Day" #tariffs.
cepr.org/voxeu/column...
#EconSky
cepr.org/voxeu/column...
#EconSky
October 28, 2025 at 8:39 AM
Janice Huijun Yan & Randall Morck find that the stocks of firms headquartered in counties that tend to vote Republican fell more than the stocks of firms in 'bluer' counties following Trump's announcement of "Liberation Day" #tariffs.
cepr.org/voxeu/column...
#EconSky
cepr.org/voxeu/column...
#EconSky
Reposted by Adam S. Hersh, Ph.D.
#CUSMA may be doomed and Canada-US trade talks are going nowhere fast, proposes @policyalternatives.ca researcher Stuart Trew on @ctvnews-mirror.bsky.social this morning. #cdnpoli #canlab
www.ctvnews.ca/video/2025/1...
www.ctvnews.ca/video/2025/1...
U.S. trade talks ‘going nowhere fast’: Trew on additional tariffs on Canadian products
International Trade Policy Researcher Stuart Trew on Trump announcing additional tariffs on Canadian products and why he thinks ‘CUSMA is going down the pipes.’
www.ctvnews.ca
October 27, 2025 at 3:12 PM
#CUSMA may be doomed and Canada-US trade talks are going nowhere fast, proposes @policyalternatives.ca researcher Stuart Trew on @ctvnews-mirror.bsky.social this morning. #cdnpoli #canlab
www.ctvnews.ca/video/2025/1...
www.ctvnews.ca/video/2025/1...
Reposted by Adam S. Hersh, Ph.D.
We have reached the point where the *American Bar Association* cannot find attorneys willing to represent them in litigation against the Trump administration.
www.washingtonpost.com/national-sec...
www.washingtonpost.com/national-sec...
October 26, 2025 at 8:16 PM
We have reached the point where the *American Bar Association* cannot find attorneys willing to represent them in litigation against the Trump administration.
www.washingtonpost.com/national-sec...
www.washingtonpost.com/national-sec...
October 27, 2025 at 10:49 AM
While MAGA is hating on scientists and government, these unpaid public servants are flying into the middle of a dangerous hurricane to help save the lives of complete strangers.
NOAA hurricane hunters flying aboard a P-3 Orion aircraft ("Kermit") are monitoring Hurricane Melissa as most aircraft steer clear. The storm poses a catastrophic threat to Jamaica and Haiti.
The crew are among the many federal workers working without pay during the US government shutdown.
The crew are among the many federal workers working without pay during the US government shutdown.
October 27, 2025 at 10:47 AM
While MAGA is hating on scientists and government, these unpaid public servants are flying into the middle of a dangerous hurricane to help save the lives of complete strangers.