UnitOfTheAbsolute

@NicolasDVillar1 no US and Israel, no immediate 'vassals,' open to anyone denominating in yuan. It's "open to the world"

RT @gbrew24: Paper traders: this war will be over soon and prices will fall. Physical traders: a barrel of UAE oil is now worth $140. http…

“I never see you at the club.” Yeah, well, I never see you studying the chief parts of a river and its basin.

🚨 New working paper 🚨 with @Nathan_Zorzi studies settings where labor demand declines for one set of jobs and rises for another (eg the climate transition, manufacturing —> services etc). How do workers fare when pace of that shift changes? Thread 👇

Don’t mess this up guys.

Time to open up an all-timer pdf again:

The war bw Substack and @elonmusk is creating friction to no one’s benefit. Anyway, over on Substack, @IranWonk says that the Israeli estimate of 2500 ballistic missiles is for those that can reach Israel! In addition, it has 2000-8000 SRBMs that it can use against gulf targets!

@MattPolProf @mawazo_14 thoughts?

@mawazo_14 Mansfield's recent book on rational control.

Locke, Smith, and Ricardo all propounded and defended the labor theory of value. Here's Harvey Mansfield explaining how Locke probably invented it. If you want to get rid of workmanship, fine. But then it all goes. The pro-capitalist bits and the Marxist bits

@gruidae_james sadly (and at times allegedly) a little more complicated than that. I'll send you some stuff this weekend so you can poke around in it! Not here to harsh or hinder any deleuzian mellows.

@Kali_de_Armas hell yeah kali

New article!🚨 I finally got around to reading Arghiri Emmanuel's 'Unequal Exchange,' and I was incredibly disappointed. In part one of my review/critique, I talk about some of the big issues with Emmanuel's model (and with economic models in general). Lock in!👇👇

New at JIE: "A nascent international financial channel of China’s monetary policy transmission" by Chang Ma (@machang_china), Alessandro Rebucci (@arebucci1), Sili Zhou (@SiliZHOU) doi.org/10.1016/j.jint…

New draft out! Must be spring break — another paper update 😅 Conventional VARs can't recover fiscal shocks when agents anticipate policy changes. I demonstrate that an MS-BVAR solves this by showing that regime switching is both the source of foresight and the key to identification. Key Results: 1) Spending multipliers are large and state-dependent (1.4–1.8 in recessions, ~1.0 in expansions). 2) Tax multipliers: consistently small across all regimes — much smaller than conventional estimates suggest. papers.ssrn.com/sol3/papers.cf…

@n_hold depends on the tweet. poetry counts. aphorisms count. 6 paragraphs or longer from a blue check unfortunately counts. Its a misfortune though.

apropos of nothing, can any of you people who are smart about culture and literature and whatnot tell me - do tweets count as writing? (serious question!) I'm inclined to say 'kinda' but idk

@Lauan_al looking forward to it. looks great

I've just finished writing this piece, check it out. Link 👇🏼