Davide D'Errico
@dav39.bsky.social
High-school student, soon to be economics student. He/him.
Reposted by Davide D'Errico
And the new era begins. My Substack is alive again, and here's my first post paulkrugman.substack.com/p/the-fraudu...
The Fraudulence of “Waste, Fraud and Abuse”
History repeats itself, the first time as farce, the second as clown show
paulkrugman.substack.com
December 11, 2024 at 11:41 AM
And the new era begins. My Substack is alive again, and here's my first post paulkrugman.substack.com/p/the-fraudu...
Reposted by Davide D'Errico
Very nice post by Noah Smith about my favorite subject: Me! www.noahpinion.blog/p/how-paul-k...
How Paul Krugman changed the public face of economics
He's a great economist, but he also changed how we talk about the subject.
www.noahpinion.blog
December 11, 2024 at 11:24 AM
Very nice post by Noah Smith about my favorite subject: Me! www.noahpinion.blog/p/how-paul-k...
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It turned out that people were generalizing from me, Ben Bernanke and Joe Stiglitz. I grew my beard when I was 26, because I kept being mistaken for an undergraduate, and am afraid of what I would look like without it 2/
December 10, 2024 at 7:58 PM
It turned out that people were generalizing from me, Ben Bernanke and Joe Stiglitz. I grew my beard when I was 26, because I kept being mistaken for an undergraduate, and am afraid of what I would look like without it 2/
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Oh god, yes. He should announce this next April 1st. Finally, crypto from someone who *knows* that crypto is bs.
December 10, 2024 at 7:27 PM
Oh god, yes. He should announce this next April 1st. Finally, crypto from someone who *knows* that crypto is bs.
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Reposted by Davide D'Errico
The market for selling your soul has become extremely efficient
December 10, 2024 at 6:31 PM
The market for selling your soul has become extremely efficient
Reposted by Davide D'Errico
So long, and thanks for all the fish. Final NYT column is up. News about future plans probably tomorrow morning www.nytimes.com/2024/12/09/o...
Opinion | My Last Column: Finding Hope in an Age of Resentment
Where have all the good vibes gone?
www.nytimes.com
December 10, 2024 at 1:00 PM
So long, and thanks for all the fish. Final NYT column is up. News about future plans probably tomorrow morning www.nytimes.com/2024/12/09/o...
Reposted by Davide D'Errico
New: Dems have conflated the ideas that they should take language “not from the faculty lounge, but the assembly line," and that "identity politics needs to go the way of the dodo.” These concepts overlap, but the differences are important. The second, in particular, is a copout.
Democrats Just Need To Decide What They Believe
They should do less complaining about activist tactics and more plain speaking about what they think is righteous.
www.offmessage.net
November 22, 2024 at 5:57 PM
New: Dems have conflated the ideas that they should take language “not from the faculty lounge, but the assembly line," and that "identity politics needs to go the way of the dodo.” These concepts overlap, but the differences are important. The second, in particular, is a copout.
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Who Are These Federal Workers Trump Wants to Fire? www.bloomberg.com/opinion/arti...
November 23, 2024 at 9:19 PM
Who Are These Federal Workers Trump Wants to Fire? www.bloomberg.com/opinion/arti...
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The usual suspects are out there yelling "There are 23 million government workers! Fire most of them!" No awareness that most work for local governments, and most of *them* are schoolteachers. Federal employment hasn't grown since the 1950s
November 23, 2024 at 2:06 PM
The usual suspects are out there yelling "There are 23 million government workers! Fire most of them!" No awareness that most work for local governments, and most of *them* are schoolteachers. Federal employment hasn't grown since the 1950s
Reposted by Davide D'Errico
Over the long term this subtracts around a percentage point from growth — and it doesn't matter whether the leader is a left populist or a right-wing populist like Bolsonaro or Trump 8/ cepr.org/voxeu/column...
The cost of populism: Evidence from history
The rise of populism in the past two decades has motivated much work on its drivers, but less is known about its economic and political consequences. This column uses a comprehensive cross-country database on populism dating back to 1900 to offer a historical, long-run perspective. It shows that (1) populism has a long history and is serial in nature – if countries have been governed by a populist once, they are much more likely to see another populist coming to office in the future; (2) populist leadership is economically costly, with a notable long-run decline in consumption and output; and (3) populism is politically disruptive, fostering instability and institutional decay. The analysis suggests that populism is here to stay.
cepr.org
November 23, 2024 at 1:42 PM
Over the long term this subtracts around a percentage point from growth — and it doesn't matter whether the leader is a left populist or a right-wing populist like Bolsonaro or Trump 8/ cepr.org/voxeu/column...
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And all of this will be a drag on the economy. Recent research looks at the effects of populism on growth, where "we define a leader as populist if he or she places the alleged struggle of the people (‘us’) against the elites (‘them’) at the centre of their political campaign and governing style" 7/
November 23, 2024 at 1:40 PM
And all of this will be a drag on the economy. Recent research looks at the effects of populism on growth, where "we define a leader as populist if he or she places the alleged struggle of the people (‘us’) against the elites (‘them’) at the centre of their political campaign and governing style" 7/
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If you think choices of who gets raided and who doesn't will be unrelated to political connections and probably financial payoffs, I have a degree from Trump University you may want to buy 6/
November 23, 2024 at 1:34 PM
If you think choices of who gets raided and who doesn't will be unrelated to political connections and probably financial payoffs, I have a degree from Trump University you may want to buy 6/
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What we'll see instead, at least initially, are scattershot raids on businesses suspected of employing undocumented immigrants. So which businesses will be targeted, and which will be left alone, perhaps for years? 5/
November 23, 2024 at 1:31 PM
What we'll see instead, at least initially, are scattershot raids on businesses suspected of employing undocumented immigrants. So which businesses will be targeted, and which will be left alone, perhaps for years? 5/
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Probably someone else has made this point, but I haven't seen it: deportations will also become a way to reward friends and punish enemies. Whatever he says, Trump won't be able to round up 15 million people and put them in camps right away 4/
November 23, 2024 at 1:28 PM
Probably someone else has made this point, but I haven't seen it: deportations will also become a way to reward friends and punish enemies. Whatever he says, Trump won't be able to round up 15 million people and put them in camps right away 4/
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Of course, the tariffs will be much higher and broader this time around, so the scope for cronyism will be much bigger. And tariffs won't be the only new frontier for corruption. 3/
November 23, 2024 at 1:25 PM
Of course, the tariffs will be much higher and broader this time around, so the scope for cronyism will be much bigger. And tariffs won't be the only new frontier for corruption. 3/
Reposted by Davide D'Errico
I see that they cite same study of Trump 1.0 tariffs I highlighted a week ago 2/ www2.lehigh.edu/news/politic...
Politically Connected Corporations Received More Exemptions from U.S. Tariffs on Chinese Imports, Study Finds
Exemption grant process functioned as a “spoils system” rewarding political supporters and punishing opponents
www2.lehigh.edu
November 23, 2024 at 1:22 PM
I see that they cite same study of Trump 1.0 tariffs I highlighted a week ago 2/ www2.lehigh.edu/news/politic...
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Good to see the Times picking up on a theme some of us have been hammering for a while: Trump's tariffs, and especially an opaque exemption process, will be an engine of massive crony capitalism 1/ www.nytimes.com/2024/11/23/u...
Trump’s Trade Agenda Could Benefit Friends and Punish Rivals
Donald Trump has a record of pardoning favored companies from tariffs. Companies are once again lining up to try to influence him.
www.nytimes.com
November 23, 2024 at 1:21 PM
Good to see the Times picking up on a theme some of us have been hammering for a while: Trump's tariffs, and especially an opaque exemption process, will be an engine of massive crony capitalism 1/ www.nytimes.com/2024/11/23/u...
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Elon saying this with some authority
November 25, 2024 at 4:32 AM
Elon saying this with some authority
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“Pete Hegseth, Trump’s nominee for secretary of defense, has attacked several key US alliances such as NATO…and international institutions such as the United Nations…At the same time, [Hegseth] has tied US foreign policy almost entirely to the priority of Israel”
www.theguardian.com/us-news/2024...
www.theguardian.com/us-news/2024...
Trump Pentagon pick attacks UN and Nato and urges US to ignore Geneva conventions
Revealed: Pete Hegseth writes scathingly of key institutions and says ‘If you love America, you should love Israel’
www.theguardian.com
November 25, 2024 at 1:26 PM
“Pete Hegseth, Trump’s nominee for secretary of defense, has attacked several key US alliances such as NATO…and international institutions such as the United Nations…At the same time, [Hegseth] has tied US foreign policy almost entirely to the priority of Israel”
www.theguardian.com/us-news/2024...
www.theguardian.com/us-news/2024...
Reposted by Davide D'Errico
Reposted by Davide D'Errico
Maybe the worst thing I’ve ever heard: my 11 year old saying “school shooter drills are dumb bc the shooters have been to those drills”
November 24, 2024 at 12:01 AM
Maybe the worst thing I’ve ever heard: my 11 year old saying “school shooter drills are dumb bc the shooters have been to those drills”
Reposted by Davide D'Errico
If Biden viewed his presidency as the “battle for the soul of America” that he described in his 2015 announcement speech, it’s hard to look at the outcome of this election as anything other than a battle lost.
spent the last four years with a simmering fear of what pure beasts of capital and reactionary violence would emerge should Trump return to power. as every new Trump nominee is named, I wish those elected to keep them out had been similarly worried and acted upon it
November 25, 2024 at 2:26 AM
If Biden viewed his presidency as the “battle for the soul of America” that he described in his 2015 announcement speech, it’s hard to look at the outcome of this election as anything other than a battle lost.
Reposted by Davide D'Errico
spent the last four years with a simmering fear of what pure beasts of capital and reactionary violence would emerge should Trump return to power. as every new Trump nominee is named, I wish those elected to keep them out had been similarly worried and acted upon it
November 25, 2024 at 1:41 AM
spent the last four years with a simmering fear of what pure beasts of capital and reactionary violence would emerge should Trump return to power. as every new Trump nominee is named, I wish those elected to keep them out had been similarly worried and acted upon it