Discover and read the best of Twitter Threads about #Economics

Most recents (24)

Now Out in Paperback! “#China Goes to #Sea: #Maritime Transformation in Comparative Historical Perspective”

amazon.com/China-Goes-Sea…

@NavalWarCollege @ChinaMaritime is proud to publish this new version w/ @NavalInstitute @USNIBooks!

Come for the #maps, stay for the #history...
Honored to have #JonathanSpence’s endorsement:

“The maritime #history of #China has long been a neglected field..China Goes to Sea bring[s] that knowledge-gap to an end..will be an indispensable companion to those readers seeking to understand where China’s navy may be heading.”
As European #naval powers & even the @USNavy struggle with ship numbers, #China has gone to #sea.

Represents the reversal of a great historical trend that began 600 years ago, when China withdrew from the seas & European naval expansion spread Western influence around the globe.
Read 34 tweets
When you look at #crypto thru #GameFi, everything starts to make sense 😳
e.g. in-game assets for #P2E clearly justify a market for Brrwg/Lndg items #scholarships .
>>
Which also justifies why in-game assets have to be #NFTs, pledged as LTV collateral.
.. this gives true meaning to #composability.
.. which explains #iov (web3), decentralization and user-owned-content; #web3 version of user-generated-content in #Web2.
>> 😇 ... and it all starts with #bitcoin (digital scarcity). I
I'm so glad I paid attention in #economics even though half of it is a ponzi musical chairs game 😆
Read 4 tweets
Why You're Very Likely to Become A Millionaire in Data Science or Machine Learning

🧵[1/n]

#datascience #jobs #money #machinelearning
[2/n]

The reasons that you're likely to become a millionaire in data science:

1. salaries are already high in 2021
2. competition for high salaries is weaker than you think
3. salaries are likely to increase in the 2020s

Let's look at each of these.

#datascience #money #jobs
[3/n]

Let's start with current salaries.

According to Kaggle, the median salary for a US Data Scientist in 2021 is close to $200,000.

kaggle.com/kaggle-survey-…

#datascience #data #jobs
Read 30 tweets
On the #bitcoin standard: Pt 1

- 21 million bitcoins.
There's no economic relevance of the number "21 million".

This is because money supply is an irrelevant metric as long as the monetary medium is infinitely divisible. What really counts is its purchasing power.
If your economics textbook says otherwise, you should burn it at the stake or give "mai suya".

- When Keynesian economists ask how the world would have gotten past the great depression, they fail to accept the fact that not all years are gonna look alike and charts are not ...
going to be green on all days. There willl be "market corrections" and new "suppprt lines" but such retracement is only a charge for a new all time high.

The Austrian school explains that the lower price levels was because of the economic boom but with a fixed supply of money.
Read 14 tweets
you don't eat money

#Crypto

@AiltonKrenak @AcervoKrenak Image
1st text, TLDR: Like, how many planets do we need to destroy, to learn that the problem is how we live, what we do.... And to recognize how fragile life is? Why do we think our lives are the only ones that matter?
My take for the #crypto folks, and now especially for the #Metaverse fans, we like to forget that everything online has some physical link/storage... Humans are greedy and endless not satisfied, one day we will achieve physical limit for the amount for online things we want...
Read 29 tweets
Forex reserves supply should be matched by domestic money supply to counter inflation.
If NFA grows, the monetary base will grow
If NFA falls, the monetary base will fall
That is how a currency board system should work.
The local monetary policy is tied to an anchor currency.
The monetary base has two components
NFA Net Foreign Assets
NDA Net Domestic Assets
NDA +NFA = Monetary Base
What #Turkey needs is to #peg its currency to an anchor currency.
#Currency Peg can be fixed or crawling.
They can follow many examples, with or w/o capital #controls.
It can choose from an expansive list that includes Malaysia, Nigeria, Argentina, Hong Kong or those in the GCC.
Read 13 tweets
Daily Bookmarks to GAVNet 12/04/2021 greeneracresvaluenetwork.wordpress.com/2021/12/04/dai…
A 45-year-old man declared 'dead' was found alive after 7 hours in a morgue freezer, reports say

usatoday.com/story/news/wor…

#StrangerThanFiction
Magnetizable Concrete in Roads Could Charge Electric Cars While You Drive

singularityhub.com/2021/08/09/mag…

#ElectricVehicles #BatteryCharging #MagnetizableConcrete
Read 13 tweets
We upgraded from DeFi 1.0 to DeFi 2.0. What does that mean for the economics?

Here's Tokenomics 2.0 🧵

TLDR: economic balance.
DeFi 1.0 was to build the infrastructure and tools in finance. Think of it as the basic foundation in your skyscraper.

DeFi 2.0 is to use that existing foundation and built that skyscraper.

E.g. stablecoin for transaction.
Interest-bearing stablecoin for capital leverage.
Tokenomics 1.0 is to realise the existence of the tokens to create value. To look at bootstrapping your community with tokens, gov tokens, native incentives.

Tokenomics 2.0 is to leverage the community and start looking at long-term value growth.
Read 12 tweets
Daily Bookmarks to GAVNet 11/17/2021 greeneracresvaluenetwork.wordpress.com/2021/11/17/dai…
Rarest mammal in North America found in Colorado garage, ‘looking for a new home’

usatoday.com/story/news/nat…

#EndangeredSpecies #BlackFootedFerrets #restoration
Read 8 tweets
95% of people are chasing meme coins

But few are looking at one of the biggest long-term opportunities in crypto...

A deep dive into how $XRP is building a frictionless decentralized liquidity pool for the world 🌍

(Not financial advice)

/THREAD/ Image
1/ The problem:

“With today’s internet of information you can’t store, move, transact value without a powerful intermediary. And that’s what blockchains solve”

Quoted by @dontapscott a leader in the decentralized blockchain revolution Image
@dontapscott 2/ Before blockchain

The internet had a problem with transferring $ value peer to peer

The only 2 options for sending money were:

1. Send $ using a cross border payment via bank transfers
2. Use a 3rd party and trust a stranger with private information

Lets dive into those👇 Image
Read 33 tweets
#ChhathPuja #Economics
Considering greater Bihar population (including part of UP east) at 15 cr and migration of 20% as not all could celebrate Chhath (and not only 20 pc are migrant),it happens to be around 2.5 cr household. (1)
#ChhathPuja #Economics
Reducing 15 % Muslim population brings us at 2.1 cr household. A conservative estimate would be the expense of Rs 1000 household each. So, it may stand out at 2500 cr rupees minimum.(2)
#ChhathPuja #Economics
I have not added crackers, sound, keertan, celebrity singers and Darbhanga-Patna air travel cost and Railway revenues! Also, the cost of cleanliness, water body cleaning, lesser crime scenerio may be add to another thousand crore rupees (3 )
Read 4 tweets
📚 Our Best Business Books 2021 list is out! And this year's most compelling reads are...
sb.stratbz.to/BBB2021 #mustread
#bookrecommendations
The 3 best business books of 2021 on #leadership:
☑️ "Excellence Now" by @tom_peters
☑️ "Digital Body Language" by @ericadhawan
☑️ "The Conversation" by Robert Livingston
@StMartinsPress  @currencybooks @Harvard @networlding
sb.stratbz.to/Lead2021
"
3 best books on #strategy:
☑️"Open Strategy" by @EnduringSuccess, Julia Hautz, @kmatzler, Stephan von den Eichen
☑️"Love as a Business Strategy" by @anwarsoftway @frankedanna, @chrisjpitre, @jeffreyfma
☑️ "Better, Simpler Strategy" by Felix Oberholzer-Gee
sb.stratbz.to/Strategy2021
Read 8 tweets
Industrialization is what made a middle class possible & what will destroy it.

How many desks or sweaters could a laborer make in a day? Just enough to subsist. With machines, enough for a small town. Pay rises.

Digital is on the same curve—cheaper but wider distribution.

1/4
The redistribution needed to sustain a middle class population of ex-laborers is both essential & destructive.

Work creates pay, but more importantly skills, purpose, discipline, socialization, resilience.

Money is necessary. Alone, it's poison.

2/4
Redistribution demands a fundamental re-calibration of education & life skills that can help you fill days in ways that *feel* meaningful & can take up a day.

But it still requires MARKETS. They provide pricing & essential value signals—even for simulated meaning.

3/4
Read 5 tweets
Anime & Manga are amazing,
but both facets of the industry is how terribly they treat their workers,

But that is a problematic Japanese business practice that you can find all over the place
crunchyroll.com/en-gb/anime-ne… #anime #manga
Then you have to ask:
as compared to what?

Animators & comics creators aren't paid very much hardly anywhere, both industries rely on underpaying talent & getting cheaper work outside of the country
Even video game development,

its a common business practice to treat workers like crap during crunch & outsource major sections of development to cheap companies in Malaysia & Vietnam,

So Anime & Manga in that sense aren't much worse than many big entertainment industries
Read 4 tweets
🧵 Today is my last day at PPI. One of my favorite projects from the past year has been the Talk Policy podcast series I started last spring, where I got to interview policy experts on various #socialpolicy and #economics issues. Some highlights include:

1/
An interview with Professor @maya_rossin of @Stanford on why the U.S. is an outlier on paid family leave and why the pandemic underscored the importance of creating such a program as part of our human infrastructure 2/

progressivepolicy.org/publication/in…
Professor @aaronsojourner and I sat down to discuss the benefits of increasing federal investment in child care and early childhood education and why #carecantwait 3/

progressivepolicy.org/podcast/early-…
Read 8 tweets
Daily Bookmarks to GAVNet 10/09/2021 greeneracresvaluenetwork.wordpress.com/2021/10/09/dai…
Mortality, Length of Stay, and Healthcare Costs Associated With Multidrug-Resistant Bacterial Infections Among Elderly Hospitalized Patients in the United States

academic.oup.com/cid/advance-ar…

#elderly #MultidrugResistantBacteria #InfectionPrevention #consequences #StudyReport
Read 8 tweets
I always had the sense that some countries are underrepresented in economics research, but never knew how much. Here are some pretty stark statistics about NBER working papers. 1/3
What places do we deem important? Who do we deem worth our time and attention? I'd be shocked if this doesn't matter. 2/3
nber.org/papers?page=1&… - all errors/typos my own. 3/3
Read 9 tweets

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