Increasingly think there is a strong case for an explicit wealth tax in order to make the politics of a more general tax rise more manageable. About fairness and burden sharing rather than revenue raising as such.

"It's not that conservatives are stupid people. It's that conservatives want people to be stupid." www.liberalcurrents.com/the-right-wa...

"Thompson now concedes that even where planning reforms have passed — to “legalise” housing — housing isn’t getting built." 😮 thefifthestate.com.au/columns/spin...

Literally the best email I've ever received. No notes.

Excellent conversation between @unlearnecon.bsky.social and @hettieobrien.bsky.social - it really makes you want to read the book & it gets you angry as to why this model of capitalism has been allowed to gobble up so many businesses that impact our lives. Have a watch. youtu.be/tyNFosOFUDM?...

"If universal basic income enables even one more Einstein to become Einstein over the course of the next century, it will have paid for itself a thousand times over." www.scottsantens.com/the-angine-d...

This is a completely fair point- obviously there is a clear difference between East and West Germany and I didn't mean to gloss over it. What I was really getting at was that stable employment and community can be found around Germany, which contrasts starkly to the UK bsky.app/profile/heli...

Look @dkthomp.bsky.social he even put a really simple numbered list in the article if the word count was too daunting for you

Good article by @unlearnecon.bsky.social and it is an odd response by @dkthomp.bsky.social as the whole article is about identifying trade-offs and the nuances of the rent cap debate. Have a read... #EconSky

Love to see a tenured professor being factually proved wrong and then calling people 'tards' in response. Not sure which is to blame, the economics profession or twitter. Glad I left them both! www.youtube.com/watch?v=AeMc...

Why we are getting poorer …. #Money&Macro @unlearnecon.bsky.social #YouTube

One of the authors of Abundance went on an angry rant about my rent control article, seemingly without reading it. Wonder if he knows about my negative review of his book? (Which I actually read!) Links: www.currentaffairs.org/news/rent-co... www.youtube.com/watch?v=Nxzd...

Arthur Lewis on the Tendency of the Rate of Profit to Fall, 1954 onlinelibrary.wiley.com/doi/10.1111/...

My book Against Money, coauthored with Arjun Jayadev, is coming out from University of Chicago Press on May 5. press.uchicago.edu/ucp/books/bo...

Yay

Sad to hear that Keynes’ biographer Robert Skidelsky has died. He was a force for good in the economics world. Sadly had some lapses in judgment later in life, but his overall legacy is a positive one.

Fascinating paragraph from Scott Alexander, where he admits he’s the dog that caught the car

Oh good, I’m sure the discourse on this will be balanced and non-hysterical www.bbc.co.uk/news/article...

I find Joan Robinson very useful here, when she talks about how that Marx followed Smith and Ricardo and then Marx asked big questions of value, while Marshall turned them into little questions of price. www.economicpolicyjournal.com/2019/05/joan...

The time between fossil fuel crises is just going to keep shrinking, until there's no discrete single "crisis" - just one unbroken prolonged state of global suffering due to fossil fuel unreliability The best time to ditch fossil fuels was 30 years ago. The second best time is now

Watched the latest from @unlearnecon.bsky.social and thought it was interesting. Have a watch and see what you think. #EconSky youtu.be/Vhts1xt1ZQQ?...

If you had kept watching just a little bit longer, you would have heard me make this exact objection! bsky.app/profile/lone...

On 🏝️ @srslywrong.bsky.social 🏝️ ep361 the Wrong Boys explore why the economy is so uneven with Cahal Moran, economist and host of the youtube channel @unlearnecon.bsky.social, in a conversation discussing the problem of the economy and what we can do about it. srslywrong.com/podcast/361-...

Went on the high-effort podcast @srslywrong.bsky.social and it was super fun, they even let me join in on their little skits! srslywrong.com/podcast/361-...

I'd be more sympathetic to this viewpoint if economists' books outside their expertise didn't say things like "black people should stop naming their kids Roshanda" bsky.app/profile/duhe...

Agree with this. After teaching about 'Nudges', this is a real eye opener conversation between @unlearnecon.bsky.social & Nick Chater. We've been given some book vouchers by students and will certainly be buying this book - It's On You. And we love the term 'internalities' as well! #EconSky

Anyone remember when people like this were complaining about participation trophies? bsky.app/profile/acyn...

Wonderful conversation on @unlearnecon.bsky.social's live channel regarding behavioural science. Worth a listen for all who are skeptical that "nudging" people toward better choices can solve our societal issues! www.youtube.com/watch?v=vxAN...

Look what just arrived! THE ASSET CLASS is out on 9 April with @wnbooks.bsky.social - you can read more about it and pre-order through my website (I’ll also be posting in the coming weeks on there about events I’ll be doing in April, May and beyond)

Guess the government should hire lots of actual experts and direct resources towards the policy areas then! bsky.app/profile/anth...

omg bsky.app/profile/john...

I don’t see why a 15-second sliding context window with the working memory of a goldfish and fake l/t memories should not be subject to short-term capital gains taxes on everything (including unrealized gains) and a 100% inheritance tax.

I hope everyone’s got your Minsky books somewhere where you can reach them easily. giftarticle.ft.com/giftarticle/...

One of the dumbest narratives that has emerged about the UK economy is that net zero is what’s holding it back. I’m not sure how anyone can thinking switching to renewable energy is a cost at this stage www.theguardian.com/environment/...

The sheer volume of narratives about the Iran War on social media makes it impossible to keep up with what's actually going on.

FT comments section this morning - saying what everyone else is thinking, right?

kind of crazy that if you have enough money and don't like what you see in the media, you can just buy up every film studio, news station, and social media app and change it

The choice is stark. Reform are the party of foreign wars and high bills. The Greens want de-escalation and energy security through renewables. Solar and wind prices don't fluctuate when rogue US presidents launch illegal bombing campaigns.

It's funny to me when people who love to go on about second order effects of economic policies and the challenges of central planning without local knowledge suddenly drop all of that when it comes to foreign policy.

There’s a scenario here — not yet the central scenario by any means — where we have to revisit the debate about how to handle inflation driven by external supply shocks AKA terms of trade shocks and reconsider the lessons we failed to learn in 2023-24. Policy interest rates are a blunt tool.

I’m glad someone finally noticed this! It’s a huge problem for the abundance agenda in my opinion, because it puts them face to face with the kind of question they didn’t want to ask archive.md/tc874

wasn’t expecting such direct support for my loose mental theory that progress in gaming has replaced progress in real life for my generation (See also: gym)

Received the best birthday present ever

Wonderful vid by @unlearnecon.bsky.social. Complex issues require this level of analysis to get the outcomes we want.

i actually prefer it when the mods actively hate the user base and vice versa, that’s how every great message board worked for years and i think we should give it a whirl