Republican plan to “starve the beast” is, so far, an utter failure, as MAGA Republicans keep finding stupider and stupider things to spend even more of our money on.

Loved the facts in this EFG paper, a thread. conference.nber.org/conf_papers/... First, over the span of human history, innovation is concentrated in certain countries, and much more so than GDP or population

First with Inception and Interstellar, now with the Odyssey, Christopher Nolan‘s trilogy about the Economics publication process is now complete.

The US built the greatest talent magnet ever, attracting the smart, skilled, and striving. They’d come to study, then stay and build things here, or leave with positive impressions and fruitful connections. Helped make the US wealthy and powerful. Then America chose to throw it away. And for what?

Forthcoming in the AER: "Durables and the Marginal Propensity to Spend" by Nathan Zorzi and Martin Beraja.

Warning: going forward, when I give a 90 minute seminar, there will be hydration breaks, a halftime show, and a possibly-lengthy extra time with important points.

That pretty much says it all

Would you be surprised if we learned that the algorithm on X was promoting anti-data center content which would slow the AI industry leaders that xAI trails and would make data centers in space more profitable?

Ok, let me get this straight, the voter ID act is called SAVE and the retirement saving act is called SECURE?

Seems like a kind of Neanderthal teaching method to have a college-level take-home exam with AI use prohibited www.bostonglobe.com/2026/07/15/m...

Avoid the biggest mistake in sports betting, sports betting!

I will read anything Paul Ford writes about code, but this is excellent. It is a substantive must-read on the day when some economists are calling for a vague CDC-style government steering of AI. www.nytimes.com/2026/07/13/o...

Past economic evidence from other counties suggests that this is bad news for U.S. productivity. But in the U.S. might it be good for new companies and economic mobility?

Come on announcers: VAR Revieeeeeeeeeeew!

Time for the fates to even the scales for the Hand of God

#QJE Aug 2026, #8, “The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France,” by Nimier-David (@elionimier.bsky.social), Sraer, and Thesmar: doi.org/10.1093/qje/...

Is it just immature me, or are you also lightly amused at the picture of Kennedy they put with the line about explosive diarrhea

I’m not a politics expert, but can someone explain to me why conservatives & Democrats point out problems with “Trump” policies instead of “MAGA Republican?” It just seems politically stupid & a waste of time to bash a declining 80 year old that everyone knows all about already

A bit worrisome since this debt is big and sits in pensions and who knows where . . . www.apollo.com/content/dam/...

🚨BREAKING: President Donald Trump Thursday dismissed all remaining commissioners on the Election Assistance Commission (EAC), a bipartisan federal agency created to help states administer elections. www.democracydocket.com/news-alerts/...

Against Belgium went just like vs Iraq. What Trump starts, the USA loses big time.

In case you didn’t know, San Fran launched fireworks from the Golden Gate Bridge for first time in like 50 years, and it was LOL — basically you could see them go up, disappear into the fog, and then the fog would turn red white and blue for a little. Still a good boom!

Finals MVP for 3 years with last year cripplingly expensive vs. Paul George for 2 years? I’d take the 2 years with a shot at a title. And “inefficient?” No, how the great talent gets used is a coaching decision. Plus Brown plays *great* defense. Chisholm looks cheap. But I will give him 3 years.

Hot take: halftime, which has been around forever and no one complains about, is just a long hydration break.

2 AM in East London and I am assured it is very rowdy

As someone whose U.S. citizenship is based solely on being born here, this Fourth of July is particularly wonderful. Happy birthday. During my lifetime, we have vastly improved the lives of our citizens and people around the world. Let’s keep working at it! Happy Fourth of July!!

As asset managers tailor products to heterogeneous investors and decentralize stewardship, shareholder power becomes fragmented, from Andrey Malenko, Nadya Malenko, and Anton Tsoy www.nber.org/papers/w35388

Oh dear. Town meeting participants can be some of the worst Americans. “…since Town Meeting voters approved a non-binding resolution … fireworks will provide the same colorful visual experience while eliminating the large, concussive "booms" that are most disturbing to people, pets, and wildlife.”

Is A.I. killing white-collar jobs? Another month of data, another month of mixed signals. New story out from me today on why this is all so hard to measure: www.nytimes.com/2026/07/02/b...

It does not fill me with optimism about the general quality or completeness of this disclosure that it gives the wrong name for the firm via which Trump made $635 million last year.

It just seems obvious: if you’re going to manipulate the price of eggs, you should use a shell company ag.ny.gov/press-releas...

Boy this was a long road, but glad it's finally out! @dgrand.bsky.social @robbwiller.bsky.social @arechar.bsky.social (along with Michael N. Stagnaro, James N. Druckman, not tagable)

You cannot be implying that we should all live like the bottom 50% instead of fighting to end starvation, diseases, and poverty!?!? You can push growth in green tech and oppose human poverty and suffering. Build much more green electricity! Electrify everything!

You can find additional information about our pre-deployment evaluation of GPT-5.6 Sol on our website: metr.org/blog/2026-06...

There are kookie de-growthers in Europe, but this heat boom is unprecedented & they didn’t need AC before the last few years. So most places were not eager to pay, & are a bit behind in installing. Fight de-growth, but don’t pretend it caused much of the slow adoption of AC.

TACO IS BACK!

Johnson: If we lose the midterms, these Democrats will turn every committee of Congress into an investigative body, and they'll go after the president's family, the cabinet, his donors, friends, half of you in this room will be targeted. I run the protection program. We’ll take care of you.

The NYC real estate mogul turned TV actor turned politician has forgotten his roots.

Wow. Posted a month ago. Someone with a basic understanding saw this coming from the press coverage! (One wonders what incompetent in the Administration chose the winner of the no-bid contract.)

A Swedish reporter touches the water and gets a warning, in the Land of the Free. www.newsweek.com/videos/swedi...

Is it a step closer to coming home today in Boston Stadium?

Another shot from yesterday at Stonehenge. unfortunately the poster Ethereal Earth never names the photographers.

Plot twist in Stata vs. R

This in insane. The criminal justice system needs by law to evaluate if someone was reckless. Is there a team of programmer to be evaluated and possibly tried for manslaughter? Do the police have any capacity to handle this? Is it just ok to kill someone like this? Hard questions that need answering

Dear Mr President, have you considered this solution or are you totally committed to the blue pool bit in your comedy routine at this point?

Congratulations my colleague! sfs.org/cavalcade-be...

The Trump Administration is really a break from liberal vs. conservative battles, in which the Republican Party just turns the keys to America over to MAGA for a corrupt ride down dementia street.