So @BetseyStevenson and have I spent the past few years writing a new Principles of Economics textbook that, we hope, represents our generation's understanding of the field we all know and love.
And after a long gestation, our triplets are finally ready to join the world!
@BetseyStevenson We’re super excited by our new books & hope you'll love them too.
Join us to celebrate with champagne & cake, the essential alcohol/sugar pick-me-up that we all need at #ASSA2020.
Stop by from today 4:30-5:30 at the Macmillan booth (#218) in the exhibitor hall in the Mariott.
@BetseyStevenson If you're wondering: Am I invited? The answer is yes. You are my Twitter friend & I want to celebrate with you. Come say g'day.
And if you're an instructor looking for a review copy, stop by & we'll hook you up. Read the book on the plane home, assign it when you land #ASSA2020
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After all: Is there a principled difference between weighting on age (to ensure that your sample includes youngs and olds) and weighting on past vote (to ensure you get folks from across the political spectrum)?
Both age and past vote are:
- Predetermined (before this poll)
- Non-manipulable
- Though self-reported
- And we have good population estimates to weight them to.
What principle would make one of these a legitimate survey design weight and the other "herding"?
This decline in violent crime is evident in not just the FBI reports, but also an independent survey by the BJS.
If you don't trust data from G-men, the decline in homicide rates the FBI reports is also evident in a count of death certificates in which coroners cute homicide as the cause of death.
September payrolls grew +254k, well above expectations.
August payrolls revised up +17k to +159k, and July revised up +55k to +144k.
Unemployment fell to 4.1%
This economic expansion that is motoring along.
Honestly, there's not much to say here other than that fears the job market had slowed turned out to be a statistical illusion due to incomplete data.
Over the past three months, payrolls is motoring along at +186k per month, on average, which is pretty much where you want it.
(The conspiracy theories on revisions to economic numbers confuse me, and I can't remember whether numbers getting revised up to look good is evidence of a conspiracy, or numbers later get revised down is evidence of an initial conspiracy that falls apart.)
Senator, you're misleading folks again. I just read the CBO report you recommend. It actually says that an immigration surge boosts federal revenues quite dramatically, and has only a small effect on mandatory spending and interest.
The CBO study @JDVance cites analyzes how immigration improves the *federal* budget.
Yet he pulls a misleading quote, talking about the effects of *state and local* budgets and ignoring the (likely larger) federal govt impacts.
Here's the CBO directly saying this isn't okay:
Of course, you might ask: How could @JDVance have known that this was a study of *federal* budgets, not of what's happening to *state and local* budgets?