Adam Ozimek

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Adam Ozimek

Adam Ozimek

@ModeledBehavior

Chief economist at @InnovateEconomy. Host of the EconTwitter Water Cooler, live on twitter spaces and downloadable here: https://t.co/toyjfDruRu

Lancaster, PA Katılım Haziran 2010
921 Takip Edilen92K Takipçiler
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Adam Ozimek
Adam Ozimek@ModeledBehavior·
What should we do about high skilled immigration and why? This is the topic of my huge new report with @LettieriDC and @cojobrien: Exceptional by Design. Quick thread on why I think you should read this report. eig.org/exceptional-by…
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Cardiff Garcia
Cardiff Garcia@CardiffGarcia·
The part of the AI letter that I agreed with is the need to better understand the economics of AI. @ngoldschlag's sweeping piece is all about how to improve the stats agencies' data-gathering techniques to better capture AI's economic effects in detail. eig.org/measuring-ai/
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Emma Camp
Emma Camp@emmma_camp_·
What can a vintage refrigerator tell us about capitalism? Quite a lot, actually! Find out more in my latest for @WSJFreeEx
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Noah Smith 🐇🇺🇸🇺🇦🇹🇼
Bruh. We have vaccines for cancer now. Electric cars and solar power are saving us from climate change. Small countries can defend themselves against empires thanks to drones. Taxis drive themselves now. People with cystic fibrosis live to 65 instead of 25. YOU HAVE DEPRESSION.
Seth Harp@sethharpesq

Technology is making the world worse. Nothing good has been invented in the last 25 years. Superfluous, spurious innovations that seem impressive at first, like the iPhone, take back more than they give and ultimately benefit only oppressive governments and their oligarch allies.

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Adam Ozimek
Adam Ozimek@ModeledBehavior·
I did not sign the AI letter because I reject the focus on steering. I think it will be used as a cudgel by those with a misguided view that it would be good for policy to focus on steering AI in a way that is very misplaced.
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Will Rinehart
Will Rinehart@WillRinehart·
I'd love to know who this DC insider is because this statement mashes together a lot of regulatory regimes that just aren't the same. This gets at one of my biggest gripes with the Bay. Few really understand the nuance of regulation such that being regulated by the FDA can mean wildly different things. And to be fair, DC people aren't immune to this. For example, milk and eggs are regulated under the FDA's Human Foods Program. But drug production is largely regulated by Center for Drug Evaluation and Research. And when you develop a drug, its production process has to be approved as part of the CMC. Importantly, CMC deficiencies drive ~20% of non-approval decisions. The FDA does not individually approve each milk or egg product before sale in the way it *does* approve a new drug and its production process. So I don't think Scott means to regulate the entire production process of chips like drugs but more like food even though he suggests both are the same. Yet, when people talk about AI and the FDA, they are usually thinking about applying the pathways available under drug evaluation to AI models. And if an FDA for AI models were implemented, it would raise First Amendment claims. Still, I haven't heard much chatter about the problems with regulating chips, though maybe I'm not in the right circles. Where chip regulation concerns me is that Congress hasn't really made a clear line what should and shouldn't be regulated. Successive administrations have just done what they wanted, though it has been legal. But that is a much larger problem with government authority, not just in chips or AI. As for AI 2040, I'm all for enforcing export controls and transparency under Plan A but I just cannot get behind the idea that "We could limit the fraction of compute spent on AI R&D." What's the legal mechanism and how might it be interpreted under the takings clause or Penn Central? There are lots of smart people in SF but not enough are thinking through the policy choices. I have a paper where I detail some of these frustrations, I should get that finished.
Scott Alexander@slatestarcodex

This reminds me of a comment by a DC insider who said one of the weirdest things about working with Silicon Valley was that if you mentioned regulating something in the normal way that milk or eggs were regulated, they would start quoting Orwell and say that surely that could only lead to dystopia. My impression is that many pharmaceuticals are currently as regulated than chips would be under Plan A. They can only be made in special government-licensed factories, the government maintains the right to inspect those factories at any time, the factories have to prove that they're only sending them to licensed pharmacies, and the pharmacies have to keep excruciating records showing that they only dispensed them to licensed customers. Has this turned into a global surveillance state, or is it such a boring part of everyday life that nobody notices? I assume the government has access to all of my financial transactions; certainly if I tried to send money to Ayatollah Khameini somebody would notice and stop it. This is creepy and probably does qualify as a global surveillance state, and crypto made a decent effort to dismantle it, and I supported that when it seemed plausible - but has anything bad beyond the obvious happened because of it? I think there's a line between "regulate AI chips as much as we regulate Xanax" and "have a global surveillance state", and Plan A keeps on the right side of it. If you disagree, you'll have to tell me which specific part of it you're worried about.

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Adam Ozimek
Adam Ozimek@ModeledBehavior·
@hassankhan Sorry those calculations are for paying subscribers only
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Adam Ozimek
Adam Ozimek@ModeledBehavior·
Here's the plan. Get rid of all the tariffs. Pretend the subsequent CPI level effects are really just lower inflation because chair Warsh has succeeded already. Cut rates. I don't think its a bad plan!
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hk@hassankhan·
@ModeledBehavior Counterpoint: we should add tariffs on the stuff I make (takes and slides)
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Our World in Data
Our World in Data@OurWorldInData·
Electric cars are taking off quickly in Latin America— Five years ago, almost no one in Latin America bought an electric car. Today, the situation is different: electric cars now make up a meaningful and fast-growing share of new car sales. The chart shows this trend across several of the region’s largest car markets, alongside the US for comparison. The data tracks the share of new passenger cars sold that are electric, which includes both fully battery-electric cars and plug-in hybrids. In five years, Colombia went from nearly zero to 10%, catching up to the US. In other countries in the region, adoption took off a bit later, but is now rising fast, too. Mexico, for example, went from 2% to 7% in a single year (2024–2025). An important part of this reflects policies. Many Latin American countries, like Colombia, offer tax breaks and other incentives for buying electric cars. (This Data Insight was written by @EOrtizOspina.)
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Adam Ozimek
Adam Ozimek@ModeledBehavior·
Extremely tenured activity
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Reihan Salam
Reihan Salam@reihan·
If you’re looking for a smart, curious, consistently insightful and careful thinker of the center-left, @IrvingSwisher is an excellent bet.
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Lauren Thomas
Lauren Thomas@lcthomas1212·
I highly recommend this piece but this part was v interesting. Less educated workers move less — why? There’s the obvious (moving costs $, link btwn education & openness to change), but also the less obvious: these workers may rely on social networks for tasks others pay for.
Lauren Thomas tweet media
Adam Ozimek@ModeledBehavior

Part of this is about the China Shock. While economists were surprised by that, we do understand it now. And the parallels just aren't there: eig.org/ai-versus-the-…

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Michael Dunne
Michael Dunne@dunne_insights·
Arguably the biggest automotive story of the year no one is talking about: China car market, world’s largest, is down 20% in first half of 2026. That’s huge, as in a 5,000,000 sales plunge in a year. That is the size of one Japan car market, gone. Even more dramatic: market leader BYD domestic sales are down 45%! Why the abrupt drop-off?
ThinkerCar@thinkercar

In 2026 H1, the cumulative domestic sales volume of the PV market in China reached 8.7M units, -20.2% YoY. 🇨🇳 • #BYD led the market with 795.7k units, though down 45.9%. Volkswagen and Toyota followed with 665.5k (-28.8%) and 614.8k (-17.1%). • #Geely ranked 4th with 399.8k (-25.1%), while Galaxy secured 5th place with 378.7k (-17.5%). • Leapmotor ranked 7th with 260.2k units, +33.7%. #Xiaomi and AITO also sustained growth, at 185.1k (+17.2%) and 162.7k (+10.2%).

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