Vankous
2.8K posts



i think a lot of people are going to be busier (and hopefully more fulfilled) than ever, and jobs doomerism is likely long-term wrong. though of course there will be disruption/significant transition as we switch to new jobs, the jobs of the future may look v different, etc.



I'm glad that the author of "Rent Control Is Fine, Actually" calls themself Unlearning Economics, bc it's good to just state things clearly, such as the open animosity that many left economic populists have for the field of economics and economists themselves. Economists aren't gods, and economics isn't a divine truth, but economists are good--better than most--at something critical for making public policy: They're good at identifying tradeoffs. "Rents are too high, so freeze them" is compelling politics. But in the absence of other pro-supply policies, if you make it illegal to increase rents, landlords will stop upgrading units and convert them to condos, which reduces the supply of units for rent, reduces mobility, and drives up rents for everybody else. The left econ populists have some clear, and clearly stated, policy ideas: - Rents are too high, so freeze them. - Electricity is expensive, so stop rate increases. - Homes are too expensive, so ban institutional investors. - Power prices are rising, so ban data center construction. ... All these policies feel like solutions because they're brisk, they name enemies, and they take on the most visible source of frustration. But they are much better as villain-naming exercises than they are as a complete public policy. On their own, each creates other problems: less housing built, less clean electricity built, abdicating energy policy by encouraging AI firms to build data centers abroad in unsavory countries with more emissions, etc. I can't think of a single economic populist idea that wouldn't be helped with a little dose of economics, which is why it's troubling when I see the left participating in, and even celebrating, the great unlearning of economics.









Papers about Gaussian processes should get a 10x citation multiplier on Google scholar. Vision papers get x/10.


Very nice essay, but I still predict that under open borders between the US and EU, net migration would clearly be in the US direction, to the tune of about 5M people per year.



I maintain a healthy skepticism towards whiggish institutionalism and the “black box” approach, but this remains an overstated criticism considering endogenous institutional structures will affect the outcome of a given policy in practice, regardless of how granular your analysis









Hodgskin was right about Bentham



@CathyReisenwitz Wage theft is also bad lol. Unlike shoplifting, I don't see anyone defending it as morally righteous!




@mattyglesias Would a national ban of gerrymandering include eliminating majority-minority districts designed to only elect Democrats?







This thread reminds me of a colleague from gradschool who said that he went into our economics PhD program because of the long vacations in academia. 🙃 A PhD in economics is for people who want a life of the mind. It is not "for fun" (thats what videogames are for), and it is not the ideal path for making a lot of money quickly (although econ professors are paid relatively well, and I know some econ PhDs who became rich by working in finance after dropping out of academia). Also, doing a PhD in economics does not feel like a "lot of work" if it is really something that you want to do.



I think three year degrees are worth considering, as a way to reduce student loan burdens and accelerate starting life. A few considerations: • Can the degrees be "additive" not replacing 4 year options? • How much stuff can be cut in requirements? carolinapublicpress.org/75282/quicker-…







