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Dominic Pino Profile picture
Dominic Pino
@DominicJPino
Economics Editor and Rhodes Fellow, @NR_Institute/@NRO | Host of Econception @aier | From WI, which does not border Canada | Tweets are mine, not my employer's
Aug 29 • 13 tweets • 3 min read
Shocking: Court finds that law that never mentions tariffs doesn't give the president unlimited power to levy tariffs. Image Just like the lower court, the appeals court is not relying in any way on its opinions on the soundness of tariffs, and it is not ruling on whether the executive branch may ever levy tariffs. Image
Aug 2 • 12 tweets • 2 min read
Mad about jobs report inaccuracy? One reason it has gotten harder in recent years is declining survey response rates.

There was an unpaid advisory group of statistical experts that was working on solving that problem at its last meeting...

before Howard Lutnick disbanded it.🧵 The Federal Economic Statistics Advisory Committee (FESAC) was established in 1999 to advise the Bureau of Labor Statistics, Bureau of Economic Analysis, and the Census Bureau, on technical methodology issues.
Apr 17 • 16 tweets • 4 min read
At the same time as U.S. manufacturing’s employment share has fallen, China has become the world’s largest manufacturer.

It’s tempting to believe that if not for the plotting of a foreign dictatorship, U.S. manufacturing would still be what it was.

But that's not right. 🧵 As long as modern economics has existed, economists have been thinking about stages of development.

Adam Smith divided economic development into four stages: the age of hunters, the age of shepherds, the age of agriculture, and the age of commerce. Image
Jan 3, 2020 • 12 tweets • 4 min read
I really don't like the way the media report on troop movements. Reports like this are disingenuous for a few reasons.

If you're worried about #WWIII, this ain't it. [THREAD 1/12]

cnn.com/2020/01/03/pol… 1. It's not like the Army just now decided to add troops. The 3,000 additional soldiers are from the 82nd Airborne, which exists to respond quickly to incidents. They are specifically trained for times like this and expect to be deployed. [2/12]
home.army.mil/bragg/index.ph…