I've already signed a contract this morning so that counts as all the work I need to do this Wednesday and I can spend the rest of the day playing video games right

Just watched Sinners - one of the best films I've seen in ages, and hands down one of the best soundtracks you're gonna hear. Do yourself a favour and see it in cinemas.

THREAD (again! so sorry!) on inclusive & extractive property rights.

It has long been argued contra AJR & other New Institutionalists that it is inaccurate to call property rights which emerged in the Global North 'inclusive' because they depended on violating the property rights of others.

The main effect of tariff insanity:

Uncertainty poisoning supply networks, degrading a lot of relationships at once.

That scar tissue will linger for a long time.

1/

Orange Man made Mario Kart expensive with tariffs.

"AKSCHUALLY it -"

Shut the fuck up. Orange Man made Mario Kart expensive with tariffs.

Vamos comentar a entrevista.

Primeiro, o Bolsonaro admite que “conversou” sobre alternativas “constitucionais”, citando o seguinte: “[estado de] sítio, [estado de] defesa, [artigo] 142, intervenção”.

Admite que essas conversas incluem duas reuniões com os comandantes militares.

“The burden of freedom has always been heavy, and Baldwin forces us to confront whether we are willing to bear it.” www.liberalcurrents.com/existential-...

the computer is the anti-christ

I'm in Liberal Currents today, talking about the historical context for Zionism and why the whole damn conflict is a lot less singular than we like to pretend.

Since the pandemic people with disabilities have worked at locally historic rates. A labor force participation rate of ~ 24 percent may not seem like much but it represent a major gain over the pre-pandemic average. Although LFPR has grown for most groups...1/8

fred.stlouisfed.org/series/LNU01...

Week 2: This week's theory paper in focus is a brilliant conceptual puzzle piece by Thomas & Worrall (1990). What are the implications of risk sharing/insurance provision over time when income is private? They have a surprising answer: it necessarily leads to long-term impoverishment.

this abstract is INSANE

This, by Levitsky and @dziblatt.bsky.social, is absolutely on the money. I really struggle to see what prevents this from happening, other than basically luck.

I disagree on the 'rise & fall' but I endorse baby-sitting co-op & Japan liquidity trap pieces.

My additions

In Praise of Cheap Labour slate.com/business/199...

What economists can learn from evolutionary theorists
www.mit.edu/~krugman/evo...

Ricardo's difficult idea
web.mit.edu/krugman/www/...

Krugman's best pieces:

• The babysitting co-op
slate.com/business/199...

• On modeling
web.mit.edu/krugman/www/...

• Japan liquidity trap
web.mit.edu/krugman/www/...

• on zoning
www.nytimes.com/2015/11/30/o...
archive.nytimes.com/krugman.blog...

• how I work
web.mit.edu/krugman/www/...

something that is especially clear if you have studied colonialism a bit: a load bearing aspect of maintaining even a semblance of democracy (or defending a sitting autocracy from democracy) is having a military that is unwilling to kill its own citizens