Davide D'Errico
@dav39.bsky.social
High-school student, soon to be economics student. He/him.
Reposted by Davide D'Errico
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/
Reposted by Davide D'Errico
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.
Reposted by Davide D'Errico
Reposted by Davide D'Errico
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...
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...
Reposted by Davide D'Errico
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/
Reposted by Davide D'Errico
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/
Reposted by Davide D'Errico
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/
Reposted by Davide D'Errico
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/
Reposted by Davide D'Errico
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...