Michael Hoffman
@leboncondorcet.bsky.social
Chief Economist at the US GAO, providing the evidence base for economic policymaking in the public interest. Taught at American, PhD at Duke, undergrad at Michigan. Views my own.
Friends, I have created a Starter Pack of economics journals (and working paper series) active on Bluesky. Hope this is useful for academic, policy, and industry economists alike. #Econsky Please let me know if there are any that I missed!
February 17, 2026 at 1:39 AM
Friends, I have created a Starter Pack of economics journals (and working paper series) active on Bluesky. Hope this is useful for academic, policy, and industry economists alike. #Econsky Please let me know if there are any that I missed!
Reposted by Michael Hoffman
WatchBlog post: When Members of Congress Need Answers to Complex Questions—They Come to GAO https://www.gao.gov/blog/when-members-congress-need-answers-complex-questions-they-come-gao?utm_medium=social&utm_source=twitter&utm_campaign=usgao
February 12, 2026 at 3:00 PM
WatchBlog post: When Members of Congress Need Answers to Complex Questions—They Come to GAO https://www.gao.gov/blog/when-members-congress-need-answers-complex-questions-they-come-gao?utm_medium=social&utm_source=twitter&utm_campaign=usgao
Reposted by Michael Hoffman
When members of Congress need answers to complex, difficult questions, they come to GAO.
How do we get them these answers? Find out in our new blog post and podcast: https://ow.ly/bpMj50YclSF
How do we get them these answers? Find out in our new blog post and podcast: https://ow.ly/bpMj50YclSF
February 12, 2026 at 3:31 PM
When members of Congress need answers to complex, difficult questions, they come to GAO.
How do we get them these answers? Find out in our new blog post and podcast: https://ow.ly/bpMj50YclSF
How do we get them these answers? Find out in our new blog post and podcast: https://ow.ly/bpMj50YclSF
Major, documented, and validated good governance impacts.
We’re always looking for ways to save taxpayer money & improve federal programs. In fiscal year 2025, our work provided the government $62.7 billion in financial benefits.
Learn about our FY 2025 accomplishments in today’s WatchBlog post: https://ow.ly/bGpk50Y4T4Q
Learn about our FY 2025 accomplishments in today’s WatchBlog post: https://ow.ly/bGpk50Y4T4Q
January 29, 2026 at 3:58 PM
Major, documented, and validated good governance impacts.
Reposted by Michael Hoffman
What makes creating policy in a democracy challenging? We asked Congressman David Price, who helped start Duke’s public policy program and represented North Carolina’s Fourth District in the U.S. House of Representatives for 34 years.
📹 Watch his response: youtube.com/shorts/1TRMy...
📹 Watch his response: youtube.com/shorts/1TRMy...
January 26, 2026 at 7:13 PM
What makes creating policy in a democracy challenging? We asked Congressman David Price, who helped start Duke’s public policy program and represented North Carolina’s Fourth District in the U.S. House of Representatives for 34 years.
📹 Watch his response: youtube.com/shorts/1TRMy...
📹 Watch his response: youtube.com/shorts/1TRMy...
Reposted by Michael Hoffman
Medicare pays hospitals to help offset on-the-job training costs for a capped number of resident physicians. In 2023, that cap was raised.
GAO’s Leslie Gordon discusses how this new funding was allocated to hospitals across the country on Federal News Network: https://ow.ly/bzrf50XYaTj
GAO’s Leslie Gordon discusses how this new funding was allocated to hospitals across the country on Federal News Network: https://ow.ly/bzrf50XYaTj
January 16, 2026 at 8:01 PM
Medicare pays hospitals to help offset on-the-job training costs for a capped number of resident physicians. In 2023, that cap was raised.
GAO’s Leslie Gordon discusses how this new funding was allocated to hospitals across the country on Federal News Network: https://ow.ly/bzrf50XYaTj
GAO’s Leslie Gordon discusses how this new funding was allocated to hospitals across the country on Federal News Network: https://ow.ly/bzrf50XYaTj
Reposted by Michael Hoffman
"The ethos of the liberal international order represented genuine progress over the destructive anarchy of trade war and military conflict, and the pernicious ideologies that gave rise to them." (from 2019) www.liberalcurrents.com/economic-coo...
Economic Cooperation in Furtherance of Peace: Lessons from the Postwar Era
During and after World War II the architects of the economic institutions of the liberal international order articulated a compelling rationale for the structure and rules of the International Monetar...
www.liberalcurrents.com
January 6, 2026 at 7:18 AM
"The ethos of the liberal international order represented genuine progress over the destructive anarchy of trade war and military conflict, and the pernicious ideologies that gave rise to them." (from 2019) www.liberalcurrents.com/economic-coo...
Nice, data-oriented background on AI firm market valuations.
How the AI ‘bubble’ compares to history
US stock valuations are higher than before 1929 Wall Street crash but the dominance of a single sector has precedents
www.ft.com
December 30, 2025 at 10:32 PM
Nice, data-oriented background on AI firm market valuations.
Reposted by Michael Hoffman
End this year’s reading with the best articles we published in 2025, as selected by our editors: https://fam.ag/3MWVHqn
December 29, 2025 at 12:48 PM
End this year’s reading with the best articles we published in 2025, as selected by our editors: https://fam.ag/3MWVHqn
Reposted by Michael Hoffman
In my latest Substack I argue that the economic security that people and policymakers desire is best achieved through economic diversification. I describe the types of economic diversification, the empirical evidence on their benefits, and the policy strategies for encouraging diversification.
Diversification—it's not just for your portfolio
How diversified industries and supply chains produce resilient economies
macroeconomicdiscipline.substack.com
December 25, 2025 at 10:03 PM
In my latest Substack I argue that the economic security that people and policymakers desire is best achieved through economic diversification. I describe the types of economic diversification, the empirical evidence on their benefits, and the policy strategies for encouraging diversification.
In my latest Substack I argue that the economic security that people and policymakers desire is best achieved through economic diversification. I describe the types of economic diversification, the empirical evidence on their benefits, and the policy strategies for encouraging diversification.
Diversification—it's not just for your portfolio
How diversified industries and supply chains produce resilient economies
macroeconomicdiscipline.substack.com
December 25, 2025 at 10:03 PM
In my latest Substack I argue that the economic security that people and policymakers desire is best achieved through economic diversification. I describe the types of economic diversification, the empirical evidence on their benefits, and the policy strategies for encouraging diversification.
Reposted by Michael Hoffman
Dear Econ friends. Looking for material for a case study teaching diff-in-diffs. It should be (1) interesting beyond health/development policy (2) come with available data to use/replicate (3) not super complicated setup. Any suggestions?
December 2, 2024 at 6:40 PM
Dear Econ friends. Looking for material for a case study teaching diff-in-diffs. It should be (1) interesting beyond health/development policy (2) come with available data to use/replicate (3) not super complicated setup. Any suggestions?
A great opportunity--highly recommend interested researchers to consider.
IPSI applications are now open for 2026!
This 5-day professional workshop helps international affairs scholars sharpen policy engagement, media skills, and public-facing writing. Professors and post-docs are encouraged to apply.
Spread the word to your networks! bridgingthegapproject.org/ipsi
This 5-day professional workshop helps international affairs scholars sharpen policy engagement, media skills, and public-facing writing. Professors and post-docs are encouraged to apply.
Spread the word to your networks! bridgingthegapproject.org/ipsi
IPSI — Bridging the Gap
bridgingthegapproject.org
December 2, 2025 at 5:19 PM
A great opportunity--highly recommend interested researchers to consider.
Reposted by Michael Hoffman
What can Japan's high public debt and low government bond interest rates tell us about U.S. debt sustainability? In my new Substack I argue this is a cautionary tale for the United States.
What can Japan’s experience tell us about U.S. federal debt sustainability?
A playbook or a warning?
macroeconomicdiscipline.substack.com
November 4, 2025 at 1:37 PM
What can Japan's high public debt and low government bond interest rates tell us about U.S. debt sustainability? In my new Substack I argue this is a cautionary tale for the United States.
What can Japan's high public debt and low government bond interest rates tell us about U.S. debt sustainability? In my new Substack I argue this is a cautionary tale for the United States.
What can Japan’s experience tell us about U.S. federal debt sustainability?
A playbook or a warning?
macroeconomicdiscipline.substack.com
November 4, 2025 at 1:37 PM
What can Japan's high public debt and low government bond interest rates tell us about U.S. debt sustainability? In my new Substack I argue this is a cautionary tale for the United States.
Reposted by Michael Hoffman
My thoughts on how to get the most insight out of the September CPI report.
macroeconomicdiscipline.substack.com/p/the-septem...
macroeconomicdiscipline.substack.com/p/the-septem...
The September 2025 Consumer Price Index
Reading past the headlines
macroeconomicdiscipline.substack.com
October 24, 2025 at 8:44 PM
My thoughts on how to get the most insight out of the September CPI report.
macroeconomicdiscipline.substack.com/p/the-septem...
macroeconomicdiscipline.substack.com/p/the-septem...
My thoughts on how to get the most insight out of the September CPI report.
macroeconomicdiscipline.substack.com/p/the-septem...
macroeconomicdiscipline.substack.com/p/the-septem...
The September 2025 Consumer Price Index
Reading past the headlines
macroeconomicdiscipline.substack.com
October 24, 2025 at 8:44 PM
My thoughts on how to get the most insight out of the September CPI report.
macroeconomicdiscipline.substack.com/p/the-septem...
macroeconomicdiscipline.substack.com/p/the-septem...
Reposted by Michael Hoffman
Pandemic inflation is still with us--see my Substack for a deep dive on what we've learned about the disparate origins of pandemic inflation.
Pandemic inflation
What role for the 2021 economic impact payments?
macroeconomicdiscipline.substack.com
October 21, 2025 at 5:20 PM
Pandemic inflation is still with us--see my Substack for a deep dive on what we've learned about the disparate origins of pandemic inflation.
Pandemic inflation is still with us--see my Substack for a deep dive on what we've learned about the disparate origins of pandemic inflation.
Pandemic inflation
What role for the 2021 economic impact payments?
macroeconomicdiscipline.substack.com
October 21, 2025 at 5:20 PM
Pandemic inflation is still with us--see my Substack for a deep dive on what we've learned about the disparate origins of pandemic inflation.
Reposted by Michael Hoffman
If you're interested in practical insights from macroeconomics, please consider subscribing to my Substack. My first big post is about how major technological developments powered the economic gains (and disruptions) from the industrial evolution.
Lessons from industrial innovation in the 18th century?
What can industrial innovation in the 18th century teach us about responding to 21st century technological change?
macroeconomicdiscipline.substack.com
October 9, 2025 at 3:55 PM
If you're interested in practical insights from macroeconomics, please consider subscribing to my Substack. My first big post is about how major technological developments powered the economic gains (and disruptions) from the industrial evolution.
Very excited to see this. I have been leaning on Aghion (et al., including Howitt) on the link between competition and innovation quite a lot lately. That paper spawned an considerable and rich empirical literature.
Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research on how technological innovation fuels economic growth and creative destruction.
3 share Nobel Prize in Economics for work on technology, growth and creative destruction
Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research on how technological innovation fuels economic growth and creative destruction.
n.pr
October 13, 2025 at 8:21 PM
Very excited to see this. I have been leaning on Aghion (et al., including Howitt) on the link between competition and innovation quite a lot lately. That paper spawned an considerable and rich empirical literature.
Very enlightening comparison from the FT.
What the graduate unemployment story gets wrong
People with a degree are faring better, not worse than their non-graduate counterparts
www.ft.com
October 10, 2025 at 1:47 PM
Very enlightening comparison from the FT.
If you're interested in practical insights from macroeconomics, please consider subscribing to my Substack. My first big post is about how major technological developments powered the economic gains (and disruptions) from the industrial evolution.
Lessons from industrial innovation in the 18th century?
What can industrial innovation in the 18th century teach us about responding to 21st century technological change?
macroeconomicdiscipline.substack.com
October 9, 2025 at 3:55 PM
If you're interested in practical insights from macroeconomics, please consider subscribing to my Substack. My first big post is about how major technological developments powered the economic gains (and disruptions) from the industrial evolution.