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Justin Wolfers @JustinWolfers
, 3 tweets, 1 min read Read on Twitter
Not just bad propaganda, also bad economics: Nearly all qualified scientists are worried about climate change, making them all highly substitutable. An abundant type of labor won’t command high prices.

But a “scientist” willing to tow a contrary pro-fossil fuel line is scarce...
So you can see who gets rich in this equilibrium: Second-tier “scientists” willing to peddle a pro-corporate but unscientific line, because they’re scarce, yet there’s lots of demand for their message.

<snark>Sort of explains Stephen Moore’s entire career. </snark>
Can I just point out the irony here?

Stephen Moore forgot to consider the...

...wait for it...

Supply side. 😅😂🤣
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A few thoughts about this big @nytimes story on Roland Fryer.
nytimes.com/2018/12/14/bus…

Econ-fam, there's a lot here, and we should talk about it. [1 of a few]
I know the reporters @bencasselman & @jimtankersley well and I'm sure they weighed each word carefully. I also know the standard of evidence at the @nytimes is incredibly high.

So I believe everything that they reported.

They've uncovered behavior that is flat out unacceptable.
The article reveals many instances of very poor judgment from someone whose research I had admired. I'm sad about that. It reveals several young women whose careers were tanked. I'm sadder about that.
Read 13 tweets
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Payrolls rose 250k in October, and unemployment was unchanged at a very low 3.7%.

Revisions to the past months were offsetting.

All told, the labor market keeps expanding at a robust pace. Indeed, jobs growth this rapid with unemployment this low might be hard to sustain.
Average hourly earnings rose 3.1% over the past year. But don't be misled by that number, because it's comparing this month's earnings with an unusually low month a year ago. Still, earnings growth is creeping up.
The household survey shows a huge +600k jobs created last month.

So weighting the payroll survey (+250k) and the household survey (+600k) using my 80/20 weights, suggests underlying growth of +320k jobs.
Read 14 tweets
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Showing its acute understanding of the economic problems facing Americans, Trump's Council on Economic Advisers just released a report on—I kid you not—"The Opportunity Costs of Socialism."

I'm not going to link to it, because no-one's eyes should have to see this nonsense.
But I am grateful that the President's top economic advisers are spending their time refereeing debates between the Marxists, Leninists and Maoists. They've added immense clarity, where before there was only debate and vision. </sarcasm>
Can you imagine working in the White House and thinking: "I know what this country needs right now: A pointless treatise on socialism. Because if there's one thing a market economy underprovides, it's pointless treatises divining the distinction between communism and socialism."
Read 10 tweets

Related threads

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I was in my last year of high school in '97 and the Howard Government was campaigning and lobbying world leaders against an emerging climate change deal, as revealed by the 96/97 cabinet papers naa.gov.au/collection/exp…
Cabinet submissions and decisions on #climate change in the first 18 months of the Howard Govt are notable for not mentioning the impacts or consequences of climate change at all....
The motivation that kept Oz reluctantly involved in the Berlin Mandate negotiations that led to the adoption of the Kyoto Protocol was international ostracism and the fear of trade sanctions if it was recalcitrant
Read 7 tweets
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Thank you to @MeetThePress for doing a Sunday show on climate change — at last.

Usually these Sunday shows are televised gossip columns, and climate change and other key issues are never discussed.
Good for you, @chucktodd.

At this stage, #climate denial is fraud, and it has been for a long time — particularly as practiced by the fossil fuel industry and its armada of phony front groups. thehill.com/homenews/sunda…
Precisely... axios.com/climate-change…
Read 3 tweets
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Just returned from Bangkok, where nations made little progress towards finalising the Paris agreement on climate change that aims to limit global temperature rises over the next 80 years.

It was my first @UN #climate change rodeo and there were a few things I wasn't aware of
Under Paris, countries agreed to a fairly detailed set of promises to keep global temperature rises under 2C by 2100.

It was the first time all nations - both developed and developing economies - signed up to the same set of climate rules. But they weren't binding
Parties gave themselves in effect 3 years to come up with a text agreed by everyone, ratified, and translated into national law on a state-by-state basis. The idea is the accord isn't legally binding, but the rulebook it provides could be on a national level
Read 23 tweets
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1. The arguments in this @newrepublic article by @emorwee that #climate is siloed in the press, that the press should tie every extreme weather/disaster event to #climate simply don't match up to the data. #envcomm #scicomm newrepublic.com/article/150124…
2. Staffers working at @mediamatters + @climateprogress (where @emorwee got her start) have long manufactured this claim + driving a self-serving narrative on the Left that the news media is failing in its coverage of climate change.
3. But this narrative & its embrace by those on the Left reflects a classic hostile media effect. As @lfeldman17 reviews the most partisan on an issue see news coverage as biased to their position even when it may actually be favorable. oxfordhandbooks.com/view/10.1093/o… #scicomm #envcomm
Read 21 tweets
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Good questions @RedsforNamesake. If confronting #climate change is your priority, it is imperative to ramp up carbon-free energy asap.

1. NJ will now ramp up renewable energy from 13% in 2017 and 20% by 2020 under old RPS to 35% by 2025 & 50% by 2030. Impressive leadership.
2. To ensure that this new clean energy replaces fossil fuels and contributes to #climate mitigation goals, NJ's new laws also make payments to ensure the continued operation of 3 South Jersey nuclear reactors that currently supply 31% of the state's electricity consumption.
2. Cont.: That measure is essential and ensures that nearly all of the new clean energy growth over the next 12 years builds on top of the fossil-free foundation provided by the state's existing nuclear plants.
Read 14 tweets
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Short thread.
1. I didn't realize how badly Trump has eviscerated access to federal #climate data, so I went and looked at the USGS site.
2. In December, there were 5,932 climate science items linked there (9 were just pictures). Today there are 416 and 292 are just pictures.
3. In December 2016, 320 of those items were links to #climate data. Today, 0 links to data. 5,271 were web links. Now, 0 web links.
Read 7 tweets

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