Trump nominates Kevin Warsh to replace Jerome Powell. Here’s some background on the nominee: #econsky

Abolishing ICE is the mainstream position. It will be a litmus test for any Democratic candidate. And it’ll be a wedge issue for Republicans. This will continue to be a top concern for people.

This is nonsense. We’ve been hearing about a dollar collapse for decades now. It’s very stable, however, there is a possibility it loses influence. Be wary of this and those who promote this rhetoric in order to sell non-liquid assets like gold. #econsky

On Holocaust Remembrance Day, we remember the six million Jewish people murdered by the Nazis, as well as countless other victims. We honor their lives by rejecting the evils of antisemitism, dehumanization, and authoritarian violence wherever they appear. Never again means never again for anyone.

Pro 2nd amendment people predictably supportive of the types of government actions they said they’ve always been against. #abolishice #ice #minneapolis #minnesota #democrats

MAGA is lying saying the victim pulled a gun on ICE. He didn’t. He had a phone and was pepper sprayed, tackled, and executed. Don’t let them gaslight you. “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” -1984

The real kicker is that this might cause mortgage rates to rise. The 10-year yields are directly correlated with mortgage rates. As they go up, investors would rather invest in those than mortgage backed securities. That means mortgage rates need to rise to compete. #econsky

We’re long past “more training.” Abolish and prosecute ICE #abolishice

Federal Reserve Chair Jerome Powell will go down as one of the greatest chairs in history. Not because of policy, but because of maintaining integrity under pressure. See his statement below #econsky www.threads.com/@federalrese...

I’ll be posting more about this soon. Immediate takeaways: good populist start but not entirely effective. 1) Congress probably won’t pass it 2) private equity makes up a small portion of the market. Biggest issue in housing affordability is zoning #econsky

It looks like we’re starting to see the impacts of tariffs on the mfg. sector “Comments from survey respondents continued to single out tariffs as a problem, with some manufacturers of chemical products saying they hoped "for some return to free trade.” #econsky www.reuters.com/world/us/us-...

This is irresponsible reporting. The Fed paper looked at historical trends and found that tariffs led to higher unemployment and therefore put downward pressure on prices. They admit it could be different this time around due to our econ relying more on imports (see more below) #econsky

MAGA: Iraq and Afghanistan were disasters. Ukraine should fend for itself. No more wars or foreign intervention. America first! 🇺🇸 Also MAGA: Hell yeah we’re invading Venezuela and nation building!! Cult.

I’m not ashamed to admit I’ve always been a Romney fan. He argues that in order to save social security, there needs to be some reforms esp w/ revenues. Close the tax loopholes (caverns) that allow the wealthy to exploit the system. Great read #econsky www.nytimes.com/2025/12/19/o...

It’s significantly more dangerous to be a nurse relative to other private workers. Nurses face more violence, exposure to harmful substances, and overexertion (2021-2022 data). www.bls.gov/opub/ted/202... #econsky

UR steady at 4.6%. Job gains in construction and healthcare, losses in fed gov Last month everyone said they hid bad numbers by not publishing data. Reality: shutdown means no survey collection If they were hiding bad numbers, why publish this month? These numbers aren’t good #econsky

The bailout directly contradicts the administration’s claims that tariffs won’t hurt producers or consumers. This happened the first time around. It’ll happen again. #econsky www.washingtonpost.com/politics/202...

Happy Saturday! I want to try something. I’m an economist. Ask me anything #econsky

Friendly reminder on World AIDS Day that the Trump admin ended CDC HIV prevention programs and slashed research grants This is coming at a time when CRISPR treatments are showing real promise in curing HIV. Funding cuts will hamper further development #worldaidsday

With the Trump admin opposing using emergency SNAP funds, it’s important to remember the econ benefits of SNAP. A 2019 USDA study found a 1.5 multiplier effect. This means that $1 billion in SNAP leads to $1.5b in GDP and 13k+ jobs. #econsky www.ers.usda.gov/publications...

This is MAGAnomics in a nutshell. Cut services and harm businesses. This is an insane level of job loss: 153k in October. Notably, this isn’t from BLS. Their data won’t be available for a while due to the shutdown, so this is the best assessment we have #econsky www.cnbc.com/amp/2025/11/...

If only literally every independent economist said this would happen 🤷🏽‍♂️ www.washingtonpost.com/business/202... #econsky

Excuse the fk me? All government employees are entitled to back pay from the Republican shutdown due to a law Trump HIMSELF signed in 2019 called Government Employee Fair Treatment Act. #econsky

The “brain drain” effect will be long lasting. We’ll lose our edge in R&D, which impacts everything from healthcare to energy to engineering. #econsky www.reuters.com/world/austri...

The latest jobs report (+73k jobs created) is mediocre. The revisions are brutal. May revised (-125k) to only +19k. June revised (-133k) down to only +14k. At least this shows the admin isn’t cooking the numbers. Or they’re just really, really bad cooks. #econsky www.bls.gov/news.release...

Universal childcare would be one of the best ways to stimulate the economy. Studies have shown an increase in workplace participation and wages. For kids, it helps foster development. The ROI on childcare is insane. apnews.com/article/chil... #econsky

Regarding the flooding: GOP doesn’t want to fund the programs that predict these things, but they still want to blame the federal government for not predicting this. DOGE has consequences

Yesterday ADP showed a loss of 33k jobs. BLS today showed a gain of 147k. What gives? 1) Different survey methodologies 2) BLS includes state and local gov employment, which showed gains 3) these are prelim numbers Still this is a large discrepancy. I’ll be looking into it more today #econsky

BREAKING: Grifter congressman who thinks salt is spicy can’t fathom eating Indian food properly

Real GDP decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. www.bea.gov/news/2025/gr... #econsky

Zohran winning gives three big lessons for mainstream democrats 1) Authenticity matters. Be yourself and stop giving politically “safe” answers. If people don’t like the real you, don’t run.

It’s only been 6 months and Mr. “No more wars” got us directly involved in another one. Tariffs raising prices ✅ ICE arresting US citizens ✅ War with another country ✅ MAGA continues to deliver 👊🇺🇸🔥 #Iran

Total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2%. Employment continued to trend up in health care, leisure and hospitality, and social assistance. Federal government continued to lose jobs. #econsky www.bls.gov/news.release...

The Trump admin’s cuts are compromising inflation data collection. Not only does this make the data less reliable, but businesses will be impacted since they’re making decisions on worse quality data. Once again, MAGA is screwing up our economy #econsky fortune.com/2025/06/04/t...

Jerome Powell doesn’t get enough credit for doing his job with independence. The next Fed chair appointed by Trump will likely be a sycophant. He’ll do what Trump says and destroy the economy in the process. Inflation will rise again #econsky

The only reason MAGA thinks it’s constitutional to end birthright citizenship is because they literally can’t read. #supremecourt

This makes perfect sense. It’s where he gets all his healthcare opinions from

Chicago cocktail inspired by the new pope: The Holy Trinity 8oz Old Style Shot of Malort Splash of RC to taste

Honestly, this is a really depressing article on #Fetterman and how much he’s changed. He really needs help. “One former staffer recalled overhearing Gisele on speakerphone that December saying to Fetterman, “Who did I marry? Where is the man I married?”” web.archive.org/web/20250502...

Glad to see DUI hire Pete Hegseth is eliminating the super woke policies of the *checks notes* Trump Administration www.washingtonpost.com/politics/202...

MAGA: We can’t afford to feed people abroad! We have hungry kids and veterans here! Also MAGA:

Tesla revenues plummet. Maybe #ElonMusk will finally get it: If you hate, we reciprocate. #econsky www.cnbc.com/2025/04/22/t...

Voters: Housing is too expensive! Kamala: Here’s my plan to build homes and lower costs People: Booo MAGA: We’re doing tariffs and increasing home prices bc fk you Voters: Hell yeah! MAGA2028USATRUMP🇺🇸 Tell me again how this election was about the economy #econsky amp.cnn.com/cnn/2025/04/...

Interesting paper by Austan Goolsbee et al. Productivity at US restaurants grew <15% during COVID, apparently driven by take-out customers spending <10 min at restaurants This is basically the DoorDash effect. More profits (outputs) + less labor (inputs) = more productivity #econsky rb.gy/a08uyk

Huge crowd at Hands Off Chicago! Literally thousands

I guess this is what MAGA meant by red wave #econsky

Yes, the tariffs will screw up the global economy. But what’s not being talked about is the instability this will create. These conditions allow terrorism and corruption to flourish. This endangers everyone including us. #econsky

Hillary Clinton after MAGA says leaking top secret war plans in a group text is nbd

Friendly reminder that Pam Bondi stopped investigations of a giant foreclosure fraud scheme in FL after accepting money from the same companies being investigated. She then “declared her disdain for Florida’s families subjected to fraudulent disclosures.” Source: From Cairo to Wall Street (2012)

One of the biggest voter divides deals with education. Those with a college degree overwhelmingly and increasingly are voting Democrat. Less educated are increasingly voting Republican/MAGA. This is why Trump and MAGA want to dismantle the department of education.