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Noah Smith @Noahpinion
, 7 tweets, 2 min read Read on Twitter
Good things seem to be happening in Ethiopia.

qz.com/africa/1490811…
Ethiopia's economy is one of the world's fastest-growing. These are China-like rates of growth!
worldfinance.com/infrastructure…
There has been a surge of foreign direct investment in Ethiopian manufacturing.
allafrica.com/stories/201808…
The country has been spending more on infrastructure.
africanbusinessmagazine.com/sectors/infras…
Political stability is looking a LOT better.
washingtonpost.com/news/global-op…
Here's @tylercowen with a hefty dose of Ethioptimism, which is an awesome word I just invented:
marginalrevolution.com/marginalrevolu…
It's hard to disagree with Tyler's conclusion - if I were to bet on the first African economy to undergo traditional industrialization, I'd definitely bet on Ethiopia.

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One thing I think would help reduce elite Millennial burnout/disappointment/rage is for people to stop thinking that their job should save the world.

"Save the world" and "make the world a better place" are probably just things employers tell you to get you to work for cheap.
Maybe your job will give you meaning and purpose and a sense of doing good for the world.

Or maybe it'll just make you some money so you can raise some kids, have some pet rabbits, and be active in your local community.

There's more than one way to get meaning in life.
Also, people glorify saving the world when it probably just gives you PTSD.

We like watching Star Wars and Lord of the Rings and whatever, but we wouldn't want to actually fight Darth Vader or slog through Mordor. That would cause major burnout!
Read 3 tweets
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1/Since Trump's demand for his Wall is in the headlines, I thought it would be a good time for a thread about a history book I just read:

"Dividing Lines: The Politics of Immigration Control in America", by Daniel Tichenor (2002)

amazon.com/Dividing-Lines…
2/The book starts out with a chapter or two of dense, unnecessary political science jargon, saying that - essentially - U.S. immigration policy tends to move very slowly, because powerful politicians and officials resist the tide of public opinion.
3/But most of the book is an extremely readable, eye-opening history of U.S. immigration policy, from the founding through the 1990s.

It shows how the immigration debates we're now having have been with us, in some form or another, for a very long time.
Read 27 tweets
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Thread about why very high tax rates on very rich people don't raise much revenue (or reduce inequality much, even within the top tier).

Our system has a million loopholes. Closing them is more important than raising top rates.
That's not to say there's a trade-off between raising the top rate and closing loopholes! They are complements, not substitutes.

But if you just raise the top rate without closing loopholes, you'll likely be disappointed.
The fact is, raising effective taxes on the very rich will require a comprehensive sustained push on a large number of policy fronts. There is not going to be one silver bullet.
Read 6 tweets

Related threads

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Fact-Checking Vice President Yemi Osinbajo’s Claims During #Debate2019

A Thread...
Yesterday, the vice presidential candidates of the PDP, the APC, APCN, ANN and the YPP took part in a televised debate where they stated their plans and answered questions about the economy, fighting corruption among other topics.
During the debate, which was largely adjudged to have been won by the PDP candidate Peter Obi, Professor Osinbajo made some claims that are factually incorrect.
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@AdeolaSage Fact-Checking Vice President Yemi Osinbajo’s Claims During #Debate2019

Yesterday, the vice presidential candidates of the PDP, the APC, APCN, ANN and the YPP took part in a televised debate where they stated their plans and answered questions about the economy,
@AdeolaSage fighting corruption among other topics. During the debate, which was largely adjudged to have been won by the PDP candidate Peter Obi, Professor Osinbajo made some claims that are factually incorrect.
@AdeolaSage Claim One: Nigeria Is producing 7000 Megawatts of Electricity (FALSE)
According to the umbrella body of the electricity distribution company in Nigeria Association of Nigerian Electricity Distributors (ANED),
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I deliberately did not make comments yesterday during the #2019Debate, I took my time to Fact Check some of the claims of your PASTOR Vice President, @ProfOsinbajo and discovered he lied back to back. Thread !
The APC VP candidate, @ProfOsinbajo claimed Nigeria Is producing 7000 Megawatts of Electricity (FALSE !)
According to the umbrella body of the electricity distribution company in Nigeria..
Association of Nigerian Electricity Distributors (ANED), While there is an available capacity of 7,000MW, what Nigeria presently generates is no more that 5,000MW. This is because there is insufficient gas to power the thermal plants due to gas line limitations.
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New @realDonaldTrump administration’s #Africa strategy being unveiled here by @AmbJohnBolton.
The new #Africa strategy was approved by @POTUS yesterday and the administration "will begin executing (it) immediately," says @AmbJohnBolton.
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PM Abiy smiles when asked how the liberalization of the Airlines and Electric Corporation would provide better services to the #Ethiopia|n public. He says, “we are in debt, we have to pay back but we can’t. And secondarily, we aren’t able to finish projects we have started."
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As China’s National People’s Congress moves on to abolish the two-term limits for the Presidency and clear Xi Jinping’s path for becoming ruler for life, the government cracked down on virtual protests - including the letter N.
(Photo: @underbreath)
A couple of days ago, we covered the reports on how the Communist Party was moving forward on giving President Xi the chance for unlimited reelections and how Chinese citizens started to complain on social platforms.
From the very first hours after the measure, phrases like “"two-term limit” or words like “immortality” were censored in China’s social platforms.
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