Bryan Cutsinger

3/ The empirical case underneath that fight just dropped on SSRN. Cutsinger and Terjesen's "Captured Gatekeepers" studies 32 accreditor-association pairs and finds 87.5% are legally embedded within or identical to the trade association they accredit programs for. The proposals are the defense.

Jay Powell’s last day as Chair is tomorrow, wrapping up 8 years of leading the Federal Reserve. His legacy: a champion for Fed independence, saving the world economy from a deep depression during the COVID shutdown, and fighting 41-year high inflation without wrecking the economy or jobs, achieving the rare soft landing.

“Tell him to enter the password he knows is correct. Inform him it is incorrect. Invite him to reset it. Watch as he enters the password he believed it to be all along. Then tell him he cannot use it… because it is his current password.”

The House Financial Services Committee is taking up a bill that would amend the Federal Reserve Act to eliminate the dual mandate and focus only on price stability. It's worth asking if the Fed would have cut interest rates last year if this had been the law.

just saw a girl on tiktok say gas prices don’t effect her cause she puts 20 every time 😄

I'm sorry for the pause but regularly scheduled programming, but notice what exercise these grannies are doing at 89/91? Yup, the deadlift. The fitness industry is full of snake oil, but one of the biggest deceptions is discouraging the basic compound movements of deadlift and squat. The number of times I've heard the deadlift isn't worth the risk/reward, how it's going to mess up your back etc. No, the deadlift is what makes your back strong as you age. The biggest change to your body is that you start losing muscle mass, your bones have less and less support, including your spine. The deadlift puts an iron rod of muscle around your spine. I've had aches and pains around my back for more than a decade---regular weekly deadlift and squat fixed all of it. I haven't had so much as a tweak since I started lifting heavy. Here is me at 41, lifting 375 at 165lbs. We saw Christopher Waller lift the same at 67. This is what will help you age comfortably, not some random new fitness trend. With all that, you need good form. Get a trainer, practice light over and over again, and only when it's comfortable should you start loading it up. Everyone's *good form* will look a bit different, e.g., my back looks rounder than some others', but this what is more comfortable than a straight back for me. Once you have that down, you'll have the best anti aging hack out there.

I used to have this view until I was convinced otherwise by a conversation with Abhijit Banerjee. His point was that we should try to alleviate poverty — RCTs are one way — until we figure out the big questions of macro development — eg industrialization. An analogy: research on palliative care until we figure out a cure for terminal diseases. It is not either or…

Basically I leak all my alpha in the second half of this: 1. The role of monetary policy in the singularity… 2. NGDP targeting as “eclectically-optimal”… 3. Post-AGI, what happens to money + price stickiness… and more 🤠