The “millionaire exodus” reported around the world DID NOT HAPPEN. A new study from @taxjustice.net‬ reveals the “droves” of millionaires that media reported leaving countries represented near-0% of all millionaires. #BogusExodus #TaxTheSuperRich #TaxTheirBillions

The presidential elections in Poland this Sunday will shape the country’s policy for the coming five years. In his latest policy brief, @mmyck.bsky.social from CenEA illustrates the president’s channels of influence. freepolicybriefs.org/2025/05/26/p... #FREEnetwork #CenEA

The Trump Organization has entered into real estate deals in all three countries Trump plans to visit this week wapo.st/3F11lnU

"he's revealed a fundamental fragility in the American economy, which is that if we elect a leader who brings forward an economic program of destruction, our political institutions are not strong enough to stop them."

US military aid for Ukraine is about to cease. Is Europe ready? | David Shimer

The government announced it is freezing more than $2.2 billion, hours after the university refused to make changes it said would "dictate what private universities can teach."

This week's news, from most to least important: 1. US adopts wildly destructive tariff policy 2. Retaliation will be v.painful 3. White House is more chaotic than even pessimists feared 4. Jobs numbers confirm that at least we've arrived at this point with a healthy economy bsky.app/profile/just...

Who could have foreseen this?

Look at this graph. This just happened. We have gone back to the 1800s.

@budgetlab.bsky.social has new analysis out on Smoot-Hawley 2.0. Among topline findings: The average effective US tariff rate after incorporating all 2025 tariffs is now 22½%, the highest since 1909.

So, who are the actual economists participating in this regime? Is it time for some professional accountability? Because this is appalling nonsense and if you don’t support it, you should say so.

Re the Liberation Day tariffs: What is notable is a. The astonishing insanity of the motivation and ‘analysis’ behind these tariffs, and b. The utter stupidity of their implementation. What a day. What a cringe-inducing, depressing day. Even through the fear, America is reduced to a global joke.

The adverse effects of trade and globalization have become politically salient in a way that many of the other determinants of inequality have not. | Trade and Inequality | The IFS-Deaton Review | all open access | academic.oup.com/ooec/article...

This is what Trump's "economists" say about how they calculated the "reciprocal" tariffs. Don[t be fooled by the equation. They commit countless crimes against economics. ustr.gov/issue-areas/... +

I just realized Kim Ruhl is joining the Council of Economic Advisors. www.kimjruhl.com He is a top top trade economist, knows a lot about trade wars. econbrowser.com/archives/202... He also teaches data. badgerdata.org/pages/self-g... Mixed feelings, but adult in room is good. #EconSky

A crucial moment in global democratic backsliding www.ft.com/content/c1a2...

I have deleted my Twitter account. Not an easy decision but I'm done with it.

Turkey arrested Mayor Ekrem Imamoglu of Istanbul, the top political rival of President Recep Tayyip Erdogan, on accusations of corruption and terrorism on Wednesday. Imamoglu was set to be named the opposition’s presidential candidate. nyti.ms/4ho834z

Ewa Pajor: ‘Sometimes I’m at home and it’s like: wow I play for Barcelona’

This is bad. The US is going from having one of the better public data infrastructures to one of the worst in <3 months. Education, climate, and health data have already taken a massive hit, and with them research in these fields. Now Musk/Trump/GOP are coming after economic and population data.

Annual government spending due to the new German fiscal package will be larger than the spending that came with the post-WWII Marshall Plan and with German Reunification in the early 1990s. via @davideoneglia.bsky.social

📢 Join us next week on March 18 as Michał Myck @mmyck.bsky.social (CenEA) presents a working paper co-authored with Daniel S. Hamermesh on how disabilities reshape time use & impose hidden economic costs. Learn more and how to join the seminar: www.hhs.se/en/about-us/... #EconSeminar #Disability

Tom Friedman on point here, though he understated the case. Either Trump is the worse negotiator in all the universes of truth and fiction, or he is beginning an alliance with Russia with a joint attempt to subjugate Ukraine (and then much else). www.nytimes.com/2025/03/04/o...

did something happen? phenomenalworld.org/analysis/eur...

TRUMP'S HALT TO REFUGEE ADMISSIONS means thousands of Afghan former allies and workers who have been waiting in Pakistan for relocation to the United States could now be sent back to Afghanistan and the Taliban @ricknoack.bsky.social reports www.washingtonpost.com/world/2025/0...

poland pm donald tusk at emergency eu summit: “europe as a whole is truly capable of winning any military, financial, economic confrontation with russia…we are simply stronger.”

"należałoby zapytać kandydata na prezydenta, (@nawrockikn.bsky.social) jaki cel miałaby mieć reforma obciążająca budżet na prawie 30mld zł rocznie, z których 19mld trafia do 10% najbogatszych podatników. Który rząd zdecydowałby się na wprowadzenie takiej reformy?" www.money.pl/podatki/kosz...

Karol Nawrocki @nawrockikn.bsky.social: "Konstytucyjna gwarancja dziedziczenia bez podatku" The Economist (01.03.25): "This newspaper has long argued that inheritance taxes are the fairest tool to deal with inheritocracy." www.economist.com/finance-and-...

Trump kicked off an upward tax spiral that will fall on all Americans (red bars), least heavily on richest. He's also pushing for massive high-end tax cuts (blue). Net effect (grey) would leave bottom & middle class worse off, only richest 1/5 better off. www.piie.com/research/pii...

This is the right idea. www.ft.com/content/a414...

Three years ago nearly 70% of Polish households responded to the Russian full-scale invasion with help and support towards Ukrainian refugees – in villages & cities, among the young & old. We need this level of solidarity now just as much as then! #StandWithUkraine

Elon Musk and his team say they have saved the government $55 billion. Their “wall of receipts” is riddled with mistakes.

Hey #EconSky Economists for Ukraine (econ4ua.org) drafted an open letter to the future German chancellor. We call for 🇩🇪 & 🇪🇺 to step up & to ⬆️ support for #Ukraine. Please read & sign (if you agree), the form is at the end of ✉️): tinyurl.com/m9ta2b5d Please share this letter with your colleagues.

🤯Twice as many Americans label Trump dictator than Zelenskyy, poll reveals

Americans proposed that Ukraine concede half of the profits from its mineral rights in perpetuity... in exchange for essentially nothing. This is not a monetary proposition, let alone a "deal," but rather the demand that Ukraine become a permanent American colony. snyder.substack.com/p/recoup-the...

"Całkowite liczby w rejestrze PESEL, prawie milion uchodźców, wydają się mocno przeszacowane." Podsumowanie naszego nowego raportu w artykule grzegorzosiecki.bsky.social: www.money.pl/gospodarka/m... @maciekduszczyk.bsky.social

If Trump wants to see elections in Ukraine, all he has to do is use the power he keeps talking about to get the Russian invaders off Ukrainian soil. Then martial law in Ukraine ends, and elections will follow.

Saying Ukrainians are shocked is an understatement—many call it a betrayal. Keith Kellogg just arrived in Kyiv, but his role in the talks is already weakening.

My year-long investigation into the multibillion dollar world of online scams is out today — on the cover of The Economist and in my new 8-part podcast series, Scam Inc Read the article: bit.ly/scam-inc Listen to the podcast: econ.st/3CFzGaL

Is #China really as dominant in scientific #research as it might appear? Shumin Qiu, Claudia Steinwender, & Pierre Azoulay find that after adjusting citation counts for home bias, China is in fourth place globally - behind the US, UK, and Germany. cepr.org/voxeu/column... #EconSky #science

As Lavrov chats to Rubio in Saudia Arabia, Putin ramps up the war

My thoughts on the Russian-American talks on Ukraine, without Ukraine. The simplest interpretation of the available facts is that the Americans are using Russian violence to try to exploit Ukraine. snyder.substack.com/p/peace-or-p...

Another crazy thing from the Kremlin

"Suddenly, and not accidentally, people who work for the American federal government are having the same experience as people who find themselves living under foreign occupation" www.theatlantic.com/ideas/archiv...

Niezły wynik, na który pracowali naukowcy z całej Polski (a ja razem z nimi)! Liczba wzmianek w mediach o działalności @ncngovpl.bsky.social, w tym finansowanych projektach wyniosła w zeszłym roku niemal 25 tys. W 2023 roku - 10 tys. A to oznacza wzrost o jakieś 163 proc.

Today, Polish Prime Minister Donald Tusk will welcome the College of Commissioners to Gdańsk for a special session hosted by the Polish Presidency of the EU. Tusk hasn’t shared what he’ll tell his guests, but he’s expected to have a stern message. Brussels Playbook explains what it might be 👇

I wrote much of what I think about this election before it happened, so I am going to put it all together here. My book, Autocracy Inc, described the network of autocrats who seek to undermine democracy, inside their countries and ours www.penguinrandomhouse.com/books/725302...

A 99-year-old Holocaust survivor, Albrecht Weinberg, has said he will return his federal order of merit to the German president in protest over MPs passing an anti-immigration motion in parliament with the support of the far-right Alternative für Deutschland. www.theguardian.com/world/2025/j...

A summary of my thinking on shared prosperity, work and AI in ten bullet points.