A brief 🧵 on why @LHSummers is an arrogant buffoon who, despite a long track record of being massively wrong, still seems to command the respect of policymakers
Some thoughts on economic disaster relief - aka fiscal stimulus (things are fluid, and I'm open to refinements!). First, we should aim for $1trn, or 5% of GDP, which is on the high end of estimates. Better to overreact now, both on this and public health mitigation measures.
1) We should send #ChecksChecksChecks to every person (including kids!) - $2000 is a rough estimate - could be $1000 per month during the national shutdown - this is about $600bn
We could have these be taxable a year later for those above a certain income level to make it more progressive, although the @gop may not go for that
I want to share a few obvious thoughts on the #KavanaughConfirmation - we need to use the right Bayesian priors to think this through: 1) false accusations of rape occur between 2-10% of the time en.wikipedia.org/wiki/False_acc…