The Economics Nobel committee delivers a pretty clear rebuke to Trump's war on science and university research.

Additionally, Republican leaning districts, which overlap significantly with rural areas, see marked advantages compared to Democratic districts. These results highlight the potential for a VMT tax to address longstanding inequities in transportation funding

Well said, @govpritzker.illinois.gov

Anyone looking for a short video in their Intro Econ course on international trade and tariffs? Show this and you'll have plenty of time left over to talk about the Red Sox.

An electric utility's email alert program appears to reduce peak demand and provides significant private savings to the utility. Social savings, however, are small, from @GibMetcalf.bsky.social https://www.nber.org/papers/w34089

Check out this commentary by @kclausing.bsky.social @allanhsiao.bsky.social @gibmetcalf.bsky.social Marilyn Pereboom, and @cwolfram.bsky.social that analyzes the Foreign Pollution Fee Act's potential impacts on several economic and environmental outcomes: ceepr.link/FPFA

CBO estimate of the distributional impacts of the #OBBBA are out and it is not pretty. This is hugely regressive. And it aggravates our already worrying federal debt situation.

Whoa. Watch out for sec. 899 in this awful House bill.

Uh, oh. Be sure to wash your hands every time you refill your bird feeder.

I hope the follow-up question was "Now that you know, will you vote to strip out that provision in the final bill?"

The monthly @hillsdalecollege.bsky.social Imprimis publication never fails to amuse even if it generally goes in for right-wing fabulism at the expense of facts and rigor. The May issue was readable with an essay on tariffs by John Steele Gordon.

This should go without saying, but even if every person who voted for Trump supported his illegal, careless, and destructive actions, it is important to remember that A MAJORITY OF VOTERS VOTED AGAINST TRUMP.

What a wimp.

What are the odds US counterespionage techs find all the bugs and assorted spyware installed in the Qatari "gift"?

You have to love this NYPost front page (c/o @pkrugman.bsky.social )

Is it just me or are the recent market gyrations making you a bit dizzy?

So the homeland security secretary had her passport, security badge and other belongings stolen at a restaurant? Is this the Keystone Kops or what?

I just love this quote from Lincoln about slavery: "When the storm shall be past, he shall find us still Americans; no less devoted to the continued Union and prosperity of the country than heretofore." Read the whole quote in the @hcrichardson.bsky.social piece. Very apropos.

Want to imagine something scary? Stephen Moore as Fed Chair. Mad King Don is crazy enough to try it.

Harvard has set an example for other higher-ed institutions - rejecting an unlawful and ham-handed attempt to stifle academic freedom, while taking steps to make sure students can benefit from an environment of intellectual inquiry, rigorous debate and mutual respect. Let’s hope others follow suit.

Every single person in this room, other than press, deserves to face an international criminal tribunal.

Let's be clear. This is an impeachable and indictable offense. Trump must be held to account, if not now, then as soon as possible. The tariff madness is sheer ignorance and will hurt our pocketbooks; but this is criminality and a human rights offense.

Just shameful.

Well said, Dan.

Kudos to Harvard for its principled response. Proud to be an alum. view.hu.harvard.edu?qs=351b45ebf...

The CDC is on top of this, right?

thanks to @pkrugman.bsky.social for pointing this out.

This is such an important point that I've updated my chart, just for @jasonfurman.bsky.social

Today, the markets saw through the smoke pumped out by Mad King Donald's minions yesterday as MKD blinked and caved.

Shameful

JFC. WE ARE STILL WORSE OFF. We still have *at least* 10% global tariffs. Businesses can’t make decisions, as they don’t know what tariffs will be 90 days from now I usually say Trump is great at repackaging the status quo as victory but this is significantly worse than pre-Liberation Day status quo

I had to move the horizontal axis down. I hadn't expected to see losses exceeding 15 percent since Inauguration Day. My mistake.

The @financialtimes.com is not mincing words "America’s astonishing act of self-harm" on.ft.com/3YjtOLV

Mad King Donald’s tariffs are a massive tax increase for working and retired Americans that he hopes can fund tax cuts for the rich. Even worse, expect workers to be laid off as MKD destroys what was a strong economy.

Uh, oh. Who could have seen this coming?

Hold Trump accountable for Signalgate...

Only down 5 percent since inauguration day if you ignore DJIA and NASDAQ.

Any news out of Washington that might have markets pondering...

Just something to keep in mind as Trump slashes essential spending to finance further tax cuts. The US is a low tax country. Let me repeat that: THE US IS A LOW TAX COUNTRY!! (Thanks to @oecd-stat.extwitter.link for the figure).

Whoops! Again with the tariffs!

If you think Social Security is a Ponzi Scheme, please read this piece by @pkrugman.bsky.social. I'm pleased to know that @aarpfoundation.bsky.social is mounting a campaign to keep Musk's hands off Social Security.

a worrying sign

Your daily reminder that Trump is wrecking the economy

Canada and EU are putting tariffs on bourbon. Don't they realize that McConnell has zero influence with Trump? They should be hitting products from Ohio, NC, etc.

Once again, markets are telling Trump what he doesn't want to hear.

If this is not a deal breaker for the American people, I don't know what is. To paraphrase the Tea Party, "Keep Your Hands Off our Social Security!"

Look, folks, this is it. The entire ballgame. Either we're a Republic of laws & the Constitution, or we have a dictator. This is fascism, & the impeachment vote should be happening today. Every single university president in the country should be out, in front of microphones, condemning this.

Adding the DJIA ...

While Trump's aides and cabinet officials won't speak truth to power, markets will.