Firefighters and nurses don’t get to hide their money in a trust fund and skip out on paying their taxes—billionaires shouldn’t get to either. My new bill would close tax loopholes for billionaires with more than $50 million in dynasty trusts.

Not surprising given the admin refusing to implement the law in the first place

The point of the university as a concept is that it's been here for a thousand years and meant to be here another thousand. Turning education over to producing what the market needed five years ago is never going to work well.

Looks like a great conference, but really they could should have worked harder to squeeze most of the sessions into the first day

In my latest post on Through Data Darkly, I argue the fight against financial crime, money laundering and illicit finance needs more red team thinking, and more experiments aimed at exposing the weak points in the system datadarkly.substack.com/p/bring-on-t...

🏘️ A data architecture built by ACDC was the starting point for a series of investigations into Nigerian PEP's U.S. real estate holdings by @pplaaf.bsky.social. 🎯 The stories keep coming, and they're making an impact.

Today! 9am ET!! Live and 📺 Streaming from @piie.com!!! Join as Ana Fernandes & Tristan Reed present that brand new World Bank 📚 report you've now heard about: INDUSTRIAL POLICY FOR DEVELOPMENT ...followed by Mary Lovely & my attempts at digging in for more.

That's @szakonyi.bsky.social @fhollenbach.org and @mattcollin.bsky.social 's GTO paper getting a *second* area-specific shock

I have a new article in National Affairs on Industrial Policy for Housing Construction! With Steve Teles, we outline an agenda for deregulation and government support to grow factory built housing: piece: nationalaffairs.com/publications... substack: arpitrage.substack.com/p/industrial...

Finally, the followup to @wwwojtekk.bsky.social and Slemrod (2003) we've all been *breathlessly* waiting for. (Not to slander either paper, just here for the joke)

"Frog," said Toad, "what if there was more to economics than diff-in-diffs?"

After Claudia Goldin became the first woman to win a solo Nobel in economics, she got hundreds of invitations. She accepted three. One was advising WNBA players on a labor deal. She helped players land the biggest % raise in US sports history. www.wsj.com/economy/wnba...

Hmmmmmmmmm. www.ft.com/content/1171...

Honestly fantastic to hear for the academic community, since all signs pointed to ZTRAX being All Dead and not just Mostly Dead

This is exactly what our research shows: when it becomes harder to tell apart expert-looking content from the real thing, the value of expertise goes up. And so does demand for it… giftarticle.ft.com/giftarticle/... AI hallucinations haunt users more than job losses

ICYMI. Here's video of our March 18 @brookings.edu event -- Reimagining homeowners insurance amid growing climate risk. www.hamiltonproject.org/event/reimag...

I'm hiring! If you're an undergraduate who's interested in applied microeconomics research, please join my colleagues and me at Wharton as a Predoctoral Research Specialist. wd1.myworkdaysite.com/recruiting/u...

I love Econ-positng. Dan Habsmith of Guttermeyer Associates posts the most confusing chart you've ever seen and says "Quite surprising VARG numbers, SPLG index showing movement" and you get the context by one of his mutuals quoting it with "Buy a fucking gun and head for the hills. Right now."

When I worked at the Chicago Fed, we became interested in a unique quirk of insurance accounting: states can issue insurers "permitted practice" accounting exceptions. They're relatively uncommon but acan occasionally be quite significant. Our writeup is out: link.springer.com/epdf/10.1057...

Choosing to believe non-cash charitable contributions made the list because of the immense popularity of my work (and not the impetus for its existence at all)

While awful on its own, also see states doing this and think, wow, the ideas of economics have really failed to reach politicians

With very large numbers of n’s you don’t need randomization, and with LLM’s we can generate very large numbers of n’s, so I think all of science is solved by now. I don’t see any problems with this.

The impact of Trump's attacks on the IRS, in two charts. From my latest for @economist.com. www.economist.com/finance-and...

A tariff “refund” mostly goes to whoever wrote the tariff check: the importer of record. That’s not the same person who paid more at the register. So refunds -- if they're offered -- might sound like consumer relief, but in reality, they're corporate windfalls.

Team "Elsevier Highlights Subversion" strikes again! Best one yet! @deankarlan.bsky.social, Monica Lambon-Quayefio, Utsav Manjeer, @christopher-udry.bsky.social

Check out ‘Voices Carry’: Professor Brian Galle (@bdgesq.bsky.social) on Taxing the Ultrarich, in California and at the Federal Level www.law.berkeley.edu/article/prof... Host @gwyneth.bsky.social #CABillionaireTax

Internal bank documents show the scale of secret shareholdings in India’s Adani, at the very moment Hindenburg accused it of “brazen market manipulation” An FT and OCCRP collab. as.ft.com/r/eb906e00-d...

"Floridians are going to be paying for the relief. You're not getting savings out of nothing. You're paying for those savings by cutting services or by paying higher fees or by paying more taxes." -FPI's Esteban Santis on how HJR 201 would impact Floridians [Via @wusf.org]

Reposting for R&D credit stat, which is crazy

Someone told me lately "Bluesky is just like Twitter." I argued that was untrue on the basis that last time I had a Twitter account most times I got a new follower their bio said "single & looking for fun" & here when I get a new follower it tends to say something like "professor of rare moths".

Missed our conference “From Secrecy to Transparency: The End of Hidden Wealth?” You can still join the conversation 👇 We’ve published the full recordings from both days, featuring sessions that bridge the gap between research and real-world policy. 🎥 Watch here: www.youtube.com/playlist?lis...

Didn't love this argument when it was presented at NTA, because it feels like making policy to undue previous bad policy. But have thought about since, and it might be more politically feasible than rolling back other policies. Which is probably most important thing

I'm proud to announce that I have defended my finance dissertation and that this summer I will become an Assistant Professor of Law at the University of Texas at Austin! Most of all, I would like to thank Roberta Romano, whose JD-PhD program in finance changed my career.

/stares in Kyle (1985,9) Oh, so you’re telling me there are almost entirely uninformed traders in betting markets, because markets with too many informed traders sacrifice volume for efficiency, oh huh

HSBC and Barclays are facing a $12bn lawsuit over a Jersey trust allegedly linked to the Jeffrey Epstein scandal.

Surprise your significant other the day before Valentines with a tax economics seminar!

📢 Don't miss our next #LunchSeminar! Étienne Fize ( @ippofficial.bsky.social ) presents: How Tax-Friendly Shareholder Agreements Affect Firm Outcomes. 🗓️ Feb 13, 2026 – 12:00 CET 📍 In-person @pse.bsky.social or via Zoom 👉 More information: www.taxobservatory.eu/event/eu-tax...

basically if you ever thought it would be fun to be miranda priestly's assistant except her favorite movie is sonic 3: have kids

Our paper “Inferring fine-grained migration patterns across the United States” is now out in @natcomms.nature.com! We released a new, highly granular migration dataset. 1/9

Day 2 kicks off with a session on Common Reporting Standard (CRS) & compliance. "There is significant tax evasion through offshore tax havens, mostly driven by the wealthiest. Third-party information is key to tax enforcement, & AEoI contributes to this objective." 💬 @hjaltefb.bsky.social

This part of our response essay is where I'm at. Boiling down all of politics to electoralism has been absolutely terrible for resisting rising authoritarianism. www.bostonreview.net/forum/how-no...

NTA is soliciting papers for presentation at the 2027 ASSA annual meeting to be held from January 3-5, 2027 in Washington, D.C.  Submit by April 30, 2026 👉 https://www.cognitoforms.com/NTA1/_2027ASSAMeetingCallForPapers

How effective are transparency innovations in curbing offshore tax evasion? We’re spending the next two days examining the latest evidence on illicit financial flows. 🎙️ Opening remarks by @gabrielzucman.bsky.social. Can’t make it? Catch the full recording on our YouTube later this week!

Apropos of that last QT: this is 3 conferences I know of now with a deadline of Feb 15, and apparently we just don't do Valentine's in this profession?

If you're doing anything macro+public-y, apply to this alongside @iipf.bsky.social ! Submission deadline is the same

Disgraced former Apollo CEO Leon Black reportedly consulted with Jeffrey Epstein on use of GRATs to dodge estate & gift tax. I searched the Epstein files and found a doc that appears to show that in 2015, Black held over 70% of his family office (value in the billions) in GRATs.