Mark Schaffer
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markeschaffer.bsky.social
Mark Schaffer
@markeschaffer.bsky.social

Professor of Economics, Heriot-Watt University, Edinburgh

Economics 64%
Political science 16%
Pinned
The UK macro policy problem is like the classic Irish joke about the lost traveler who asks a local farmer how to get to Dublin.

Farmer thinks for a bit and replies, "Well, I wouldn't start from here."

Reposted by Mark E. Schaffer

Weekend plug for my new personal post: Why does regulation often feel so toothless?

Sometimes regulators are just useless, but more often the problem is that governments don’t give them the tools or the powers to deter bad behaviour
Why does regulation often feel so toothless?
A sewage outfall pipe in the River Solway, Cumbria, with (probably) a regulator in the background. Photo by John Collins
acjsissons.medium.com
A reminder to the news media: “conflicting accounts” is what you say BEFORE the incontrovertible video evidence appears. After that, your job is to ask why one side is lying, not to repeat the lie and pretend no one knows the truth.

Reposted by Mark E. Schaffer

The BBC coverage is absolutely terrible.

It leads on "sharply contested narratives"

It has a dramatic skew to the US government

It has posted the video but has failed to report on what it shows: it shows the US govt account is untrue

Reposted by Mark E. Schaffer

Today we’re looking back at Episode 165: ‘Dark Star’ by the Grateful Dead.

Cocking in at 4.5 hours long, Andrew delves into the career of the American rock band - but also the historical and cultural context.

Listen on Spotify, Apple Podcasts and via the website: 500songs.com/podcast/epis...

Reposted by Mark E. Schaffer

What a Long Strange Trump
It’s Been

Uncle Don’s hair has nary a touch of grey, but he and Epstein shared the women, shared the wine. And his “new” right-wing boogie? It’s a hand-me-down.

by Maureen Dowd

Reposted by Mark E. Schaffer

You ever think about how the Roman Senate kept meeting centuries into the reigns of emperors. Hanging out, shooting the shit, giving speeches, and play-acting that their positions of privilege remained positions of power.
Do other countries have this weird notion that you’re not a “real” representative of the nation if you live in an urban center? Like do the French say Parisians aren’t really French? Are you considered not a real German if you live in Berlin? Or is this mainly a weird American thing?

Reposted by Mark E. Schaffer

Tell all the truth but tell it slant—
Success in Circuit lies
Too bright for our infirm Delight
The Truth's superb surprise

This paper finds poetry is a universal single shot jailbreak for LLMs. Systems built to stop prosaic attacks fail when the request is phrased in verse arxiv.org/abs/2511.15304

Reposted by Mark E. Schaffer

When asked, most people (72.4%) living near lynx in Norway say they LIKE living with lynx. Just 8.3% say they dislike lynx. In Scotland, where we're currently denied the opportunity to live near lynx, the majority of people WANT to see lynx reintroduced.

Reposted by Mark E. Schaffer

‘A new service called Objector is offering “policy-backed objections in minutes” to people who are upset about planning applications near their homes.’

Another reminder that AI can be used for things you don’t like as well as things you like…
www.theguardian.com
A Sharon Begley byline, almost 5 years after her death.

Upon hearing the news James Watson had died, a STAT reporter said in our Slack, "I wish I could read what Sharon would have written."

Incredible news: Sharon in fact did pre-write a Watson obit. And it is masterful and excoriating.
🧪🧬🧫
James Watson, dead at 97, was a scientific legend and a pariah among his peers
James Watson, the co-discoverer of the structure of DNA who died Thursday at 97, was a scientific legend and a pariah among his peers.
www.statnews.com
sometimes an Oxford comma can make all the difference
Haha, this from the New Yorker is getting passed around the math dork community. I did a comic about this kind of thought a few years ago: www.smbc-comics.com/comic/commut...

Reposted by Mark E. Schaffer

"it's always the fault of the migrants. Except when it isn't."

Colin from Portsmouth thinks we should blame immigrants for things before they even happen.

Reposted by Mark E. Schaffer

Me: The least-helpful workshops are often the ones given by people who just Know Too Much 🥹
Data Friend: Have you see that blog post about this?
Me: No, show me!
Data Friend: anniemueller.com/posts/how-i-...
Me: BRB SENDING THIS TO EVERYONE I KNOW 😂

#rstats #python #databs
How I, a non-developer, read the tutorial you, a developer, wrote for me, a beginner - annie's blog
“Hello! I am a developer. Here is my relevant experience: I code in Hoobijag and sometimes jabbernocks and of course ABCDE++++ (but never ABCDE+/^+ are you kidding? ha!)  and I like working with ...
anniemueller.com
The fundamental problem:

58% of voters want public spending maintained or increased.

67% want taxes to stay at their current level or be cut.

In reality, it’s a binary choice. Taxes go up, or spending is cut. That’s it.

Reposted by Mark E. Schaffer

This week's post: What the call for fiscal headroom reveals mainlymacro.blogspot.com/2025/10/what...
Exaggerated claims about market reactions to debt and deficits infantilize fiscal policy, and that can be dangerous. The call for more fiscal headroom is just a small example of that danger.
What the call for fiscal headroom reveals
Everyone, including the IFS, is agreed that the Chancellor should in the budget create more fiscal headroom than she did previously. Rath...
mainlymacro.blogspot.com
"The government needs to take ownership of the Budget and use it to construct a convincing narrative. That means not blaming the OBR or HMT but explaining why tax reform is necessary, why it will be good for growth and public services and how pain will be fairly shared.

www.ft.com/content/a06d...
Blaming the OBR for the Budget maths is a waste of time
The government must explain why tax reform is necessary and desirable for fiscal sustainability
www.ft.com
Great moments in redaction history.
In today's least surprising news
ew post: Populism and Economic Prosperity
mainlymacro.blogspot.com/2025/10/popu...
We would expect populist governments to damage the economy, and the evidence suggests that they do so in a big way. But we know from Brexit that the media typically nullifies the impact of this evidence on voters.
Populism and Economic Prosperity
Mainstream political parties normally claim that populist parties, if they ever got to power, would damage the economy. We have clear evid...
mainlymacro.blogspot.com

Reposted by Mark E. Schaffer

That's pretty fucking cool too.
NEW

Law versus politics

Both the UK and the US face a choice between unchecked executive power or a balanced constitution

By me at @prospectmagazine.co.uk

www.prospectmagazine.co.uk/ideas/law/th...
A thread of inspirational quotes from two of my idols: Kemi Badenoch and Ange Postecoglou

(uh-oh, I may have gotten some mixed up... or have I??)

🧵
The mystery of medical diagnosis!
Every few months now I re-read this "Who Goes Nazi?" piece from 1941 and am blown away by how it captures the people we are dealing with 80 years later.

harpers.org/archive/1941...
Who Goes Nazi?, by Dorothy Thompson
harpers.org