George Batta
@gbatta.bsky.social
Economics and accounting professor @cmcnews.
Faculty profile: https://www.cmc.edu/academic/faculty/profile/george-batta
Personal site: https://www.georgebatta.com/
Faculty profile: https://www.cmc.edu/academic/faculty/profile/george-batta
Personal site: https://www.georgebatta.com/
…in the progressive policy world about the efficacy or desirability of big fiscal, given these political economy considerations. (2/2)
November 9, 2025 at 11:12 AM
…in the progressive policy world about the efficacy or desirability of big fiscal, given these political economy considerations. (2/2)
So ultimately no damage to median real wages. But in your estimation, was the (likely) electoral backlash due to the timing of wage catchup, the distribution of real wage changes, or else just some kind of aggregate money illusion? Just genuinely curious whether the backlash changed priors… (1/2)
November 9, 2025 at 11:09 AM
So ultimately no damage to median real wages. But in your estimation, was the (likely) electoral backlash due to the timing of wage catchup, the distribution of real wage changes, or else just some kind of aggregate money illusion? Just genuinely curious whether the backlash changed priors… (1/2)
Meta also doing an in-substance debt deal via a $30B leasing transaction in October.
November 8, 2025 at 4:50 AM
Meta also doing an in-substance debt deal via a $30B leasing transaction in October.
Whenever she was in the news, back in pre-Musk Twitter, Isaac Chotiner usually would tweet about her role as the architect of Trump I's child separation policy. Dude loathes her with the white hot intensity of a thousand burning suns.
November 7, 2025 at 6:00 AM
Whenever she was in the news, back in pre-Musk Twitter, Isaac Chotiner usually would tweet about her role as the architect of Trump I's child separation policy. Dude loathes her with the white hot intensity of a thousand burning suns.
Yeah, I like this synthesis. I mean, I think even in a pre-social media world, there still would have been a strong backlash, but the effect was def amplified via social media.
November 7, 2025 at 5:20 AM
Yeah, I like this synthesis. I mean, I think even in a pre-social media world, there still would have been a strong backlash, but the effect was def amplified via social media.
Totally reasonable explanations too; I suppose I lean harder towards inflation as the story given voter survey evidence and some other empirical work I’ve seen. Hopefully, we’re all people of good faith trying to work with what limited data and flawed models we have 🙂.
November 7, 2025 at 5:17 AM
Totally reasonable explanations too; I suppose I lean harder towards inflation as the story given voter survey evidence and some other empirical work I’ve seen. Hopefully, we’re all people of good faith trying to work with what limited data and flawed models we have 🙂.
Yeah, I view it more as likely having had an important causal effect on incumbent vote share, though certainly not the only explanation for vote share. I suppose the experiment would be: how much higher would the ruling party’s vote share have been, absent the inflation spike?
November 7, 2025 at 5:06 AM
Yeah, I view it more as likely having had an important causal effect on incumbent vote share, though certainly not the only explanation for vote share. I suppose the experiment would be: how much higher would the ruling party’s vote share have been, absent the inflation spike?
…controlling for observables in a multivariate setting, etc.
November 7, 2025 at 4:57 AM
…controlling for observables in a multivariate setting, etc.
OK, the large N version: If we regressed incumbent vote share change on an inflation spike dummy, over a long period and for many countries, we’d see a negative coeff. estimate, ceteris paribus. ofc, the ceteris paribus is load-bearing, but now we’re both arguing post hoc narratives on unobservables
November 7, 2025 at 4:54 AM
OK, the large N version: If we regressed incumbent vote share change on an inflation spike dummy, over a long period and for many countries, we’d see a negative coeff. estimate, ceteris paribus. ofc, the ceteris paribus is load-bearing, but now we’re both arguing post hoc narratives on unobservables
Oh I agree, I don’t like the implications of it at all; I’d rather we aim for policies that aimed to boost, say, median real earnings. But I think there’s a greater degree of money illusion operating here, which should give us all pause.
November 7, 2025 at 4:21 AM
Oh I agree, I don’t like the implications of it at all; I’d rather we aim for policies that aimed to boost, say, median real earnings. But I think there’s a greater degree of money illusion operating here, which should give us all pause.
Went overboard with *all*, but there was def a broad anti-incumbency backlash. Hence, the chart:
November 7, 2025 at 4:16 AM
Went overboard with *all*, but there was def a broad anti-incumbency backlash. Hence, the chart:
Incumbent parties, the world over, who were in power during a price level jump without precedent in recent memory all took a shellacking at the polls. No one is arguing for some tight linear relationship between popularity and moderate inflation, just that incumbents were blamed for the sharp spike
November 7, 2025 at 4:04 AM
Incumbent parties, the world over, who were in power during a price level jump without precedent in recent memory all took a shellacking at the polls. No one is arguing for some tight linear relationship between popularity and moderate inflation, just that incumbents were blamed for the sharp spike
Government's entire case falls apart when jury learns ranged subs attack with disadvantage within 5 feat.
November 4, 2025 at 12:27 AM
Government's entire case falls apart when jury learns ranged subs attack with disadvantage within 5 feat.
Yeah this is similar to take-or-pay or throughput arrangements in the energy industry, which can help finance construction off balance sheet. But leases are basically all on-BS nowadays, so not sure how this helps hide debt (eg, rating agencies regularly treat all lease commitments as debt capital).
October 31, 2025 at 5:27 AM
Yeah this is similar to take-or-pay or throughput arrangements in the energy industry, which can help finance construction off balance sheet. But leases are basically all on-BS nowadays, so not sure how this helps hide debt (eg, rating agencies regularly treat all lease commitments as debt capital).
Sincerely appreciate the work you’re doing as a public intellectual, Justin.
September 19, 2025 at 4:49 PM
Sincerely appreciate the work you’re doing as a public intellectual, Justin.
Haven’t kept up with it, but there was a mini-boom in corp fin years ago for papers about family firms:
wgfa.wharton.upenn.edu/wp-content/u...
wgfa.wharton.upenn.edu/wp-content/u...
wgfa.wharton.upenn.edu
August 27, 2025 at 5:59 PM
Haven’t kept up with it, but there was a mini-boom in corp fin years ago for papers about family firms:
wgfa.wharton.upenn.edu/wp-content/u...
wgfa.wharton.upenn.edu/wp-content/u...
Reposted by George Batta
At first, I felt like I had freaking super powers. Like a PI with a nearly infinite supply of talented lab members, who worked at 1000x speed. It was exhilarating.
But then, the cracks started to show. TL;DR: If Claude were my grad student, I'd kick them out of my lab.
But then, the cracks started to show. TL;DR: If Claude were my grad student, I'd kick them out of my lab.
August 12, 2025 at 12:47 PM
At first, I felt like I had freaking super powers. Like a PI with a nearly infinite supply of talented lab members, who worked at 1000x speed. It was exhilarating.
But then, the cracks started to show. TL;DR: If Claude were my grad student, I'd kick them out of my lab.
But then, the cracks started to show. TL;DR: If Claude were my grad student, I'd kick them out of my lab.
Man, this or Fight Club would make for great UAPD eps. I don’t think you guys have entered the Fincherverse yet?
July 24, 2025 at 2:06 AM
Man, this or Fight Club would make for great UAPD eps. I don’t think you guys have entered the Fincherverse yet?
"...for Just One Day."
July 13, 2025 at 7:00 PM
"...for Just One Day."