Markus S.
@econgonzo.bsky.social
Economist and recovering higher ed administrator at the University of Denver. Broadly interested in economic inequality, the economics of inequality, and how to measure inequality.
Reposted by Markus S.
That's a "No"
Doing the job of an economist in the White House is often:
1) to say unwelcome, true things in private, and
2) refusing to say welcome, untrue things in public.
Hassett is failing at 2.
He is doing the job of an ideologue, not an economist.
Doing the job of an economist in the White House is often:
1) to say unwelcome, true things in private, and
2) refusing to say welcome, untrue things in public.
Hassett is failing at 2.
He is doing the job of an ideologue, not an economist.
WELKER: Does the administration have any evidence that the jobs numbers were rigged?
HASSETT: The evidence is that there have been a bunch of revisions
WELKER: But hard evidence?
HASSETT: The revisions are hard evidence
(They are not "hard evidence")
HASSETT: The evidence is that there have been a bunch of revisions
WELKER: But hard evidence?
HASSETT: The revisions are hard evidence
(They are not "hard evidence")
August 3, 2025 at 2:45 PM
That's a "No"
Doing the job of an economist in the White House is often:
1) to say unwelcome, true things in private, and
2) refusing to say welcome, untrue things in public.
Hassett is failing at 2.
He is doing the job of an ideologue, not an economist.
Doing the job of an economist in the White House is often:
1) to say unwelcome, true things in private, and
2) refusing to say welcome, untrue things in public.
Hassett is failing at 2.
He is doing the job of an ideologue, not an economist.
Not surprised, but holy cow! @aaronsojourner.org: the BLS has been trustworthy, as you have been emphasizing, and POTUS is now eager to change that. He's definitely a "shoot the messenger" kinda guy!
President Donald Trump on Friday called for the firing of the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. buff.ly/ZrENwCe
Trump demands firing of Bureau of Labor Statistics director after dismal employment report
President Donald Trump on Friday called for the firing of the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June…
www.pbs.org
August 1, 2025 at 8:34 PM
Not surprised, but holy cow! @aaronsojourner.org: the BLS has been trustworthy, as you have been emphasizing, and POTUS is now eager to change that. He's definitely a "shoot the messenger" kinda guy!
Slow jobs gains in July, dramatic downward revisions to the May and June numbers, ticking up of long-term unemployed, dropping labor force participation over the year-to-date ... chickens coming home to roost. (And public sector job loss probably still understated.)
Employment Situation Summary
- 2025 M07 Results
www.bls.gov
August 1, 2025 at 2:22 PM
Slow jobs gains in July, dramatic downward revisions to the May and June numbers, ticking up of long-term unemployed, dropping labor force participation over the year-to-date ... chickens coming home to roost. (And public sector job loss probably still understated.)
Reposted by Markus S.
What do we want? A minimum tax on the super-rich
When do we want it? Now!
It was a pleasure to give this short introductory remarks for the International Tax Reform Summit that takes place in Johannesburg today
@icrict.bsky.social @oxfaminternational.bsky.social @fesonline.bsky.social
When do we want it? Now!
It was a pleasure to give this short introductory remarks for the International Tax Reform Summit that takes place in Johannesburg today
@icrict.bsky.social @oxfaminternational.bsky.social @fesonline.bsky.social
May 27, 2025 at 3:30 PM
What do we want? A minimum tax on the super-rich
When do we want it? Now!
It was a pleasure to give this short introductory remarks for the International Tax Reform Summit that takes place in Johannesburg today
@icrict.bsky.social @oxfaminternational.bsky.social @fesonline.bsky.social
When do we want it? Now!
It was a pleasure to give this short introductory remarks for the International Tax Reform Summit that takes place in Johannesburg today
@icrict.bsky.social @oxfaminternational.bsky.social @fesonline.bsky.social
Good read. Another lesson on the importance of critical thinking (and reading) skills and why they are a threat to the those seeking to dominate through "force and fear."
Why Silicon Valley’s Most Powerful People Are So Obsessed With Hobbits
www.nytimes.com
May 25, 2025 at 7:03 PM
Good read. Another lesson on the importance of critical thinking (and reading) skills and why they are a threat to the those seeking to dominate through "force and fear."
Really good clear-headed analysis:
Distributional and Macroeconomic Effects of Trump 2.0
The most likely outcome of the second Trump administration is a recession and an exacerbation of inequalities, and a further degradation of the living standards of working and middle-class Americans.
www.ineteconomics.org
May 18, 2025 at 4:15 PM
Really good clear-headed analysis:
Yup.
New post on the (possible) future of American higher education open.substack.com/pub/rajivset...
The University in Exile
I feel like we are witnessing a charade.
open.substack.com
April 10, 2025 at 2:33 PM
Yup.
Reposted by Markus S.
Processing last week's job report. www.nytimes.com/2025/02/07/b... Good graphic of total job gains after the pandemic pre/post revisions. Quote about expulsion of immigrants balancing slowdown in labor demand seems so bad, though: even if it stops decline in wages, consumption still drops.
Job Growth Slowed in January, but Overall Picture Remains Solid
U.S. employers added 143,000 jobs last month, somewhat fewer than forecast, while unemployment fell to 4 percent and hourly earnings rose.
www.nytimes.com
February 10, 2025 at 4:03 PM
Processing last week's job report. www.nytimes.com/2025/02/07/b... Good graphic of total job gains after the pandemic pre/post revisions. Quote about expulsion of immigrants balancing slowdown in labor demand seems so bad, though: even if it stops decline in wages, consumption still drops.
Quick question: if you drastically cut the workforce at the largest employer (gov't employment is historically low ~13.5% of labor force) & cut a major expenditure stream (overall R&D expenditures ~3.5% of GDP, with gov't a significant funder), how do you not trigger a #recession?
February 4, 2025 at 4:02 PM
Quick question: if you drastically cut the workforce at the largest employer (gov't employment is historically low ~13.5% of labor force) & cut a major expenditure stream (overall R&D expenditures ~3.5% of GDP, with gov't a significant funder), how do you not trigger a #recession?
Hello. I am now here.
January 25, 2025 at 5:02 PM
Hello. I am now here.