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

‘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

Reposted by Mark E. Schaffer

I have watched his bit and the bit after Kuenssberg asks the question about 20 times and my ribs hurt.

Janey, Janey, Janey, still making me laugh from beyond.
New post: Misunderstandings on the left (and elsewhere) about the OBR, independence and the bond market
mainlymacro.blogspot.com/2025/09/misu...
The government delegating some highly technical tasks to independent experts doesn't create a democratic deficit, but it does avoid wishful thinking.
Misunderstandings on the left (and elsewhere) about the OBR, independence and the bond market
I often see pieces from those on the left criticising the OBR. Here is Louise Haigh , for example, talking about the “rigid orthodoxy of t...
mainlymacro.blogspot.com

Reposted by Mark E. Schaffer

The word ‘harbour’ shares its origin with French ‘auberge’ and German ‘Herberge’ (both “hostel”).

They come from West Germanic *haribergu (military camp), a compound of *hari (army) and *bergu (shelter).

Other related English words are ‘harbinger’, ‘to harry’ and the name ‘Harold’.

Here’s more:

Reposted by Mark E. Schaffer

Virgil wrote FanFic.

And while parts of his epic are very good, Aeneas himself comes across as a self-righteous prig.

#ISaidWhatISaid

Reposted by Mark E. Schaffer

"The tax system gets worse and worse over time."

@danneidle.bsky.social makes the case for big-picture tax reform.
This is not just maths. It's a design choice, supported by benchmarks that reward false certainty. Good to see OpenAI do some of the research, but it's also a reminder that OpenAI shouldn't be relied upon to do all the research.
OpenAI admits AI hallucinations are mathematically inevitable, not just engineering flaws
In a landmark study, OpenAI researchers reveal that large language models will always produce plausible but false outputs, even with perfect data, due to fundamental statistical and computational limi...
www.computerworld.com
Right, so this is ol’boy’s real/regular email address, not a burner—he’s written Google Maps reviews with it three years ago. That means he’s used it for lots of other things too.

Which means if Elizabeth wanted to track this guy down it would be piss easy

9/10 trolls SUCK at OSINT
Today in unhelpful AI suggestions
Today in unhelpful AI suggestions
It's shocking how much consensus there is amongst tax policy wonks and economists of Left and Right on the tax reforms the UK needs to boost growth & make the tax system fairer

More shocking: they're reforms that are never mentioned by any politicians

buff.ly/rTfNmFC
Stop talking about wealth taxes — make these reforms instead
Any sane discussion of changes that both right and left could agree on is being crowded out by tax populism
buff.ly
Pet parrots which typically live alone (whilst those in the wild live in large flocks) were given the technology to call each other. They would use it for up to three hours a day, and developed favourite friends 💔
on.ft.com/3K05vhS