Great. Let's do this then as I'm can play as an expert too: Harvard PhD. MIT/Harvard/NBER Post-Docs. Sloan Funded. NSF-Fellowship. Etc...
I'm sorry to tell you, *we* the experts have been lying to Laypeople on Trade, Immigration, STEM and Terror. The crumbling embargo was real.
I'm sorry to tell you, *we* the experts have been lying to Laypeople on Trade, Immigration, STEM and Terror. The crumbling embargo was real.
1/ I was in multiple closed rooms where experts told me over and over "Well of course we can never say that to the public/donors/students/patients/voters." Cambridge MA, Washington D.C., New York. And now, San Francisco too where it hit quite a few years later.
2/ Let me tell you what we've been lying about (in elite terminology) on MAJOR issues one by one: immigration, trade, STEM, mortgage backed securities and self-regulation, terror, fake news and conspiracy. [I will need to run a few errands now, but will return here later today.]
3/ IMMIGRATION: EXPERT LIES
Experts lie about work based immigration as needed for free markets to remove a tiny 'Harberger Triangle' of inefficiency. It is the reverse: an uncompensated taking of citizen's rights without securitization to transfer a massive 'Borjas Rectangle'.
Experts lie about work based immigration as needed for free markets to remove a tiny 'Harberger Triangle' of inefficiency. It is the reverse: an uncompensated taking of citizen's rights without securitization to transfer a massive 'Borjas Rectangle'.
4/ IMMIGRATION (CONTINUED). In free markets, citizens TRADE their rights of preferential labor market access a la Coase's theorem. The giant Borjas Rectangle would stay w/ labor. Inequality could reverse. Women/minorities would enter. Income might again rise. Foreigners welcomed.
5/ IMMIGRATION (CONTINUED). Here is an expert article I wrote on the subject (peer reviewed, UN sponsored Journal): eric-weinstein.net/Papers/Eric_We…
Of course the expert community pretends it isn't there as they support a wealth transfer through forced takings of workers' livelihoods.
Of course the expert community pretends it isn't there as they support a wealth transfer through forced takings of workers' livelihoods.
6/ TRADE: EXPERT LIES.
In the theory of trade, lies are deeply layered. First there is a nonsensical emphasis on Pareto improvement (as if that was a meaningful social welfare function) & a denial of cardinal utility to stop diminishing returns arguments being applied to wealth.
In the theory of trade, lies are deeply layered. First there is a nonsensical emphasis on Pareto improvement (as if that was a meaningful social welfare function) & a denial of cardinal utility to stop diminishing returns arguments being applied to wealth.
7/ TRADE (continued): [ for @RadioFreeTom @SamHarrisOrg ]
Then we substitute a Kaldor-Hicks standard for Pareto welfare as if we were going to tax winners to pay losers. Which trade economists laugh about. Because what factory worker ever heard of “unimplemeted Kaldor-Hicks”.
Then we substitute a Kaldor-Hicks standard for Pareto welfare as if we were going to tax winners to pay losers. Which trade economists laugh about. Because what factory worker ever heard of “unimplemeted Kaldor-Hicks”.
8/ As the grandson of a seamstress, a door2door used clothing salesman, a self educated chemist thrown out of work for his politics and a female college grad who couldn’t work in a man’s world, it feels great to stand as a STEM PhD speaking the language of the academy for them.
9/TRADE (CONT.): Then there‘s the appearance of “Comparative Advantage” which was recently revealed as an iron clad Exoteric explanation trade experts give to all but each other because the real Esoteric is “too complex” for the rest of us & has holes.
10/TRADE (CONT.)
Look at the slide & listen to this talk from a former Clinton administration economist. Notice the words 'Esoteric' vs. 'Exoteric'. Claiming the real arguments are too complex to math guys like me is laughable:
Look at the slide & listen to this talk from a former Clinton administration economist. Notice the words 'Esoteric' vs. 'Exoteric'. Claiming the real arguments are too complex to math guys like me is laughable:
11/ TRADE (CONT.)
Now what happened when @PiaMalaney, a Harvard PhD Economist finally got to explain to the 'experts' why the world is rejecting experts, and in their own professional language? She's *totally* ignored by the panel.
As if nothing happened.
Now what happened when @PiaMalaney, a Harvard PhD Economist finally got to explain to the 'experts' why the world is rejecting experts, and in their own professional language? She's *totally* ignored by the panel.
As if nothing happened.
12/ End.
I'll pause here. But there's an entire world of Ivy-Level experts who the public suspects exist. People who have paid for their integrity with their careers. Either undisappear these good folks ... or prepare for 7 more years of Trump.
I'll pause here. But there's an entire world of Ivy-Level experts who the public suspects exist. People who have paid for their integrity with their careers. Either undisappear these good folks ... or prepare for 7 more years of Trump.
