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Gabriel
4.2K posts
Gabriel
@40yoap
Pontifex Maximus Rerum Oeconomicarum Internationalium
Katılım Ekim 2025
526 Takip Edilen746 Takipçiler
@RBCtabris Good, good. Now throw them out! Because Aye Eye made they all laughably obsolete.
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Wonder if the real difference here is just better incentivizing winning with bigger cash prizes.
Enhanced Clips@enhancedclipper
A NON-ENHANCED athlete just won the women's 100M race at the enhanced games... She made $250,000 in 11.25 seconds 🔥
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@wwwojtekk Whatever your many faults, I appreciate you, Wojtek, for not having a substack. 🫂
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@40yoap what if they are underpaid (relative to what they think they should be paid) and struggling?
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@BenRamanauskas @t_holden @CesarChavezP29 battle not with bottoms, lest you become a bottom, and if you gaze into the bottom, the bottom gazes into you — F. Nietzsche
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Hagedorn's results on price level determination are incredibly important.
They are a true third theory of the price level to go along with the active monetary policy approach and the FTPL. (No, Hagedorn's theory is not a special case of FTPL.)
It's a tragedy that he isn't around to see them published.
Of course, none of the three approaches are perfect, but showing that options A and B are not the only possibilities is a massive contribution, deserving of a top 5.
International and Monetary Economics Network@int_mon_econ
Super interesting! "A Demand Theory of the Price Level" by Marcus Hagedorn (The paper was submitted to the International Economic Review posthumously. Sadly, Marcus Hagedorn passed away too soon.). "Heterogeneous agent incomplete markets models offer a new perspective on price and inflation determination. In contrast to complete markets, the price level is determined from the asset-market clearing condition. Fiscal and monetary policy then jointly and uniquely determine the finite steady-state price level and the inflation rate, including in a steady state in which the nominal interest rate is constant. Fiscal policy can determine the long-run inflation rate for a fiscal rule which sets the growth rate of nominal government debt, whereas both fiscal and monetary policy determine the long-run inflation rate under different tax rules." onlinelibrary.wiley.com/doi/10.1111/ie…
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@MakeUSAVAT Two bottles of kefir, a large mocha, and a new cashew milk drink, plus some Dubai chocolate.
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Anyone else notice the irony in the logic behind the first quote? 😅
Face The Nation@FaceTheNation
National Economic Council Director Kevin Hassett, asked about the recent record low in the consumer sentiment index, argued, “we should stop calling it consumer sentiment and start calling it political sentiment because it’s really a political variable, not an economic variable.” “If you go to consumer confidence, which is something that's actually, I think, a more scientific survey, the consumer confidence is consistent with all the other positive numbers we're seeing right now,” Hassett adds.
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@MickLurkerton @t_holden Maybe a more charitable statement is that the government borrows in nominal terms and the central bank pegs the nominal rate. No off-eq feedback rules
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@t_holden Conceptually it’s important, but the idea of an exogenously fixed nominal debt path combined with a passive nominal rate doesn’t ring true.
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Romania is not even in the picture? 😤 Shameful display
Visegrád 24@visegrad24
Denmark is one of the rare European countries to publish crime data by country of origin. Somalis top the list when it comes to rapes, fraud, forgeries and grievous assaults. Palestinians lead in burglaries, blackmail and theft. Data: Statistics Denmark (STRAFNA4, FOLK1C), compiled by @jonatanpallesen.
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What is your favourite distribution? Mine is log-normal. Fun fact: Kalecki wrote about it in a 1945 econometrica paper: jstor.org/stable/1907013…
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This is the platform the Tories should run on (and should have committed to while in power) - lower and simpler taxes for all. Unfortunately successive Chancellors (especially Osborne) made it even more complex.
Andrew Griffith MP@griffitha
Conservatives want simpler and lower taxes for everyone.
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