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From the Desk of Tony Yates Profile picture
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23 Oct, 4 tweets, 1 min read
Comments like this, a classic of the genre of non economists who haven't read the entire field they are critiquing in one tweet, are not going to affect any change. Find some papers, or a paper, and say what you think is wrong with it.
If you haven't got any evidence for a conspiracy theory, then don't bother advancing it. It probably isn't true.
So far we have 'economists don't read their classics, so they can fake originality in new work, and they deliberately use maths to hide their politics [and oppress us all]'.
Writing this stuff is part of the entertainment industry. It's not a serious discussion that will improve or change anything, because it's not addressing any actual work or problems. Even if it might be fun, or a tribal identifier.

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More from @t0nyyates

From the Desk of Tony Yates Profile picture
25 Oct
A lot of good sense and food for thought in this.
We don't ask the BoE to follow instrument rules for monetary policy [like a Taylor rule, for instance]. We give it an objective [the inflation target] and let it decide how best to achieve it.
That doesn't mean such rules are useless or have no content. They can be a starting point for discussion. [Unless you happen to have named them, in which case they can be a relentless baseball bat with which to beat the central bank if the other side happens to be in].
Read 12 tweets
From the Desk of Tony Yates Profile picture
16 Oct
On an operational matter like this OBR should not be taking instructions but using its own best guess and not any official published vintage. BOE do ‘nowcasting’ (forecasting the present) and so do any respectable private sector outfit.
This is not just about old official data vs new, therefore. Seems like there is a deliberate closing of eyes to the abundance of economic information that others use to try to second guess the ONS.
Part of why the ONS needs second-guessing it is that there is less inclination and necessity within it to use the multitude of other data it does not collect itself.
Read 9 tweets
From the Desk of Tony Yates Profile picture
15 Oct
Team transitory vs team permanent longandvariable.wordpress.com/2021/10/15/tea…
That was a blog post by the way. It's like a tweet hiding other tweets that could be edited after they were sent.
Just to make the point, and following the lead of @Dominic2306, I just retrospectively edited that same post to add in something I want you to think was there in the first place.
Read 4 tweets
From the Desk of Tony Yates Profile picture
9 Oct
Blair got the chance to reprise his refrain from the 90s, always: we have to cast off things from the past, and become a party of the future. Something he still seems to believe.
This was always a grating euphemism hiding behind a truism. What he meant was: we need to move to the right because that's what people want now, and recent history shows it works.
It seemed/seems like he thought/thinks in terms of historical determinism. History is moving inexorably to the right, to the centre, from the left, and we have to follow or be left behind.
Read 4 tweets
From the Desk of Tony Yates Profile picture
23 Sep
There was never any prospect of deals that would prevent our overall access and trade from falling. Other deals would be too shallow, because of the difficult choices they would throw up or sovereignty-reducing. And the non-EU world is too far away and ‘small’.
It’s useful to play the game of pointing out that deals they hoped for have not materialized but we shouldn’t concede the implicit point that those deals would have delivered what was claimed.
Some of the more sophisticated Leavers would argue that the iron law of trade gravity - tendency to trade much more with countries close to you - would be abolished and we would enter an era of global, weightless, digital trade.
Read 6 tweets
From the Desk of Tony Yates Profile picture
22 Sep
Hannan objects to us being 'lectured about keeping the peace in NI.' Congressman points out that some have talked about scrapping the Good Friday Agreement. Some - including Dan Hannan in fact: express.co.uk/news/politics/…
He says - back in 2018, when he still worried that it might stop Brexit, that the GFA had "failed".
This is the kind of thing that convinces US politicians who pay attention to the Northern Ireland issue that they need to keep paying attention to it: Brexiters are not neutral and trusted partners in NI peace: Image
Read 4 tweets

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