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Greg Sargent
@ThePlumLineGS
, 6 tweets, 5 min read Read on Twitter
.@BCAppelbaum has written a great new book -- a scathing indictment of the economics profession and its dogmatic faith in markets, and their role in creating our current disastrous mess.

I spoke to Appelbaum about his book. A fascinating conversation:

washingtonpost.com/opinions/2019/…
@BCAppelbaum One thing I want to flag from my interview with @BCAppelbaum is our exchange on conservative nationalism.

We talk about what's really driving the turn against markets among conservative nationalists, and Appelbaum is very good on this point:

washingtonpost.com/opinions/2019/…
And here's @BCAppelbaum's bottom line:

"Our problem is inequality. We’ve been indifferent to inequality for a very long time in our public policy. The first step towards improving the situation is simply taking the problem seriously."

washingtonpost.com/opinions/2019/…
Another crucial point from @BCAppelbaum:

"We’ve lost track of the fundamental truth that markets are a human creation. They have rules, either by default or by choice. And the structure of those rules determines who will benefit from it, and how."

washingtonpost.com/opinions/2019/…
@BCAppelbaum I really liked this exchange with @BCAppelbaum about markets, regional inequalities, and the social dissolution that conservative nationalists like to lament.

It will take two tweets to lay it out. First:

washingtonpost.com/opinions/2019/…
@BCAppelbaum And here's part 2 of that exchange, which gets into the differences between the progressive and conservative nationalist critiques of markets:

washingtonpost.com/opinions/2019/…
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More from @ThePlumLineGS see all

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Greg Sargent
@ThePlumLineGS
Trump doctored a weather chart and ordered a rear admiral to release a statement backing up his falsehoods.

The NOAA also jumped to Trump's defense, and the White House won't say if they engineered it.

By my count, something like this has happened at least 7 times.

*THREAD*
Again and again, government officials have wheeled into action in an effort to make Trump’s lies, errors and obsessions into truths, in some cases issuing “official” information explicitly shaped or doctored to do so.

I will tweet out 7 examples.

washingtonpost.com/opinions/2019/…
1) Multiple White House and administration officials issued official statements or were sent to hunt for evidence to prop up Trump's lies about his paltry inaugural crowd size:

washingtonpost.com/opinions/2019/…
Read 10 tweets
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Greg Sargent
@ThePlumLineGS
What if the prosaic explanation is the right one?

Trump and his advisers know he's failing on multiple fronts, and they know he's at serious risk of losing reelection as a result.

There's no trick up his sleeve, no matter how hard we look.

New piece:

washingtonpost.com/opinions/2019/…
Here's something worth mulling: Even if Trump gets a deal with China, all of his erratic moves might not quell the sense of uncertainty that has caused manufacturing to contract.

As one expert notes, in this scenario, the damage has already been done:

washingtonpost.com/opinions/2019/…
"Trump's advisers know one of their biggest vulnerabilities is weakness in American manufacturing, a sector the president promised to revive."

"But the manufacturing numbers are moving in the wrong direction for the president."

washingtonpost.com/opinions/2019/…
Read 4 tweets
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Greg Sargent
@ThePlumLineGS
All of your criticisms of Bret Stephens are nothing but positive from the point of view of his editors, who will take it as a sign that he gets "talked about" and is "provocative" and knows how to "push people's buttons."

It's a waste of time. You're only helping the guy.
Some have pointed out that this is too harsh. Fair enough.

Let me qualify. I was being glib for effect. I think this is a problem throughout the industry: Too often criticism isn't weighed on merits and is instead taken as a sign of drawing attention and therefore success.
This from @jayrosen_nyu is a smarter and more elaborated version of what I was groping towards above:
Read 3 tweets

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Roopika Risam
@roopikarisam
Thank you, @annetiquate & @caitduffy49 for the opportunity to speak today and to all of you who are participating. I'll be talking about the role of Twitter and social media in humanities knowledge production and how they've influenced my work. #HCTwitterConf19
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Paras Chopra
@paraschopra
Do you believe in 📈 progress? Here's why you're wrong.

(A thread)
1/ The world is more materially abundant than ever, we’ve eliminated several diseases, lifted millions out of poverty.

Yet, people aren’t reporting higher levels of meaning or happiness than before.
2/ Why is this happening? Rising income or material abundance does not automatically lead to a higher satisfaction.

And not just at a global level, but also at a personal level. Why?
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Pedro Nicolaci da Costa
@pdacosta
"#Economics has long been the purview of men; almost all the names in early economic thought were men, with the notable exception of Joan Robinson, a member of John Maynard Keynes’s inner circle of Cambridge economists." - @LipstickEcon americanprogress.org/issues/women/n…
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RunningTheRace ⭐️⭐️⭐️
@2runtherace
Thread 4.9.2019!!
Good Morning Patriots!!
May we have Faith like Daniel in the Lion’s Den!!
Hebrews 11:1 Faith is the substance of things hoped for, the evidence of things not seen!
Listen:

#Faith #Confidence
@realDonaldTrump
President Trump and General Flynn’s current Twitter banners!!
#QAnon #TwitterBanners @realDonaldTrump @GenFlynn
🙏🙏🇺🇸🇺🇸⭐️⭐️⭐️
In case you wondered!! 😊
I add Q drops that match the deltas (time between tweets) and timestamps on President Trump’s Tweets as a way to re_read drops and to see if they are deliberate on POTUS part, possibly pointing to a specific drop. Sometimes they seem to be!
Read 81 tweets
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Alex Krüger 🇦🇷
@Crypto_Macro
Ray Dalio talks #economics. Must watch. Here he covers emerging markets economic crises as well as how the next big crisis will shape up.
Ray Dalio's investing approach is centered around processing data into actionable conclusions. His goal has been to understand how the economic machine works. History repeats itself, he claims. His hedge fund, Bridgewater Associates, embraces econometrics.
In contrast, the Austrian School of Economics generally rejects econometrics and dismisses empirical evidence. Instead of trying to understand the economic machine, they fight it. Listening to an Austrian economist is listening to never ending bashing of fiat currencies.
Read 8 tweets
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Paras Chopra
@paraschopra
1/ I finished @nntaleb's new #book Skin in the game, and here are my learnings, insights and notes.

Warning: this thread is going to be huge.
2/ Human systems are systems within systems, interacting in complex ways. No article / paper / logic can capture all interactions of such systems and their evolution over a non-trivial amount of time.

So fear one shot, large scale interventions (such as invasions, UBI, CRISPR)
3/ People with fuck you money should call out famous or powerful people when they are wrong
Read 37 tweets

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