Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Matthew Yglesias Profile picture
Matthew Yglesias
@mattyglesias
Slow Boring, cohosting https://t.co/wxUj3JFSFf, Bloomberg columnist
47 subscribers
Nov 5 • 4 tweets • 1 min read
I think the question of ~affordability~ is being conceptualized a bit incorrectly by the political system because of reluctance to acknowledge that inflation is primarily a macroeconomic phenomenon that needs macro solutions. The rate of inflation has slowed a lot from its peak but not only has the price level failed to revert (probably impossible) the inflation rate itself has not fallen to the Fed’s target.
Oct 16 • 4 tweets • 2 min read
Really interesting new paper — while Americans *wages* are very stable from month-to-month their actual *earnings* show incredible fluctuations because hours worked are highly variable. Image
Image There are a lot of different potential sources of variation in hours worked, but the authors show that the dominant one is on the demand side — many employers like a "just in time" labor model where the workforce has unpredictable schedules.

christinahydepatterson.com/_files/ugd/322…
Oct 12 • 4 tweets • 1 min read
Key point in here from @Noahpinion — even if the AI tech turns out to be exactly as promising as the bulls think, it’s not totally clear whether this would mean high margin businesses.

noahpinion.blog/p/americas-fut… A slightly random example but passenger jetliners have definitely worked out as a technology, tons of people use them and they are integral to the whole world economy.

But the combined market cap of Boeing + Airbus is unimpressive.
Sep 8 • 6 tweets • 2 min read
There’s a wide open opportunity for the center-left to re-engage with patriotism and the American tradition as the American right gets increasingly brain-poisoned by European (or white Southern African) racialist ideologies.

slowboring.com/p/national-con… The whole idea of “national” conservatism makes sense in Europe where there were significant conservative motives behind the project of European integration which was supposed to be both anti-Communist and also broadly pro-business.
Aug 29 • 4 tweets • 1 min read
Another way of organizing my thoughts on UBI research.

Poverty can be straightforwardly ameliorated with cash grants.

Poverty is also associated with a lot of bad outcomes and people sometimes refer to that whole bundle as “poverty” but instead let’s call it “shmoverty.” In the global context, research indicates that reducing poverty with cash grants also makes a lot of progress against shmoverty.

The domestic evidence on shmoverty impacts looks much weaker.

slowboring.com/p/what-cash-ca…
Jul 27 • 4 tweets • 2 min read
It’s because the classes are harder!

You *could* make really hard humanities classes to weed out the weakest students, but schools in practice don’t do that so it actually is the case that science majors are smarter and harder working. The hardest class I took as an undergrad was a philosophy of math (Gödel, Tarski, etc) class that was cross-listed with the computer science and math departments and it was clearly *not* the hardest class that those kids took.

Jul 26 • 7 tweets • 2 min read
“Israeli military never found proof that the Palestinian militant group had systematically stolen aid from the United Nations … according to two senior Israeli military officials and two other Israelis involved in the matter.” nytimes.com/2025/07/26/wor… On some level, I’m not even sure how central this “stealing” question is.

Israel set out to dislodge Hamas as governing authority in the Strip with good reason. They have been largely successful. They are now responsible for governance and they’re not doing it.
May 15 • 7 tweets • 2 min read
Great thread, to which I would just add that I think this paradox is much broader than Trump himself.

🧵 You see in every service that a huge share of the population is absolutely fed up with the status quo, hates the establishment wants to see major changes to our political and economic system, and has a deep yearning for politicians who'll "get things done" and deliver change.
May 14 • 4 tweets • 2 min read
I would be curious to see a look at actual votes cast by income.

Even if you stipulate that higher minimum wage is good for lower-income people, I don't think it follows that it's good for lower-income *counties* The point of @arindube's state-based minimum wage proposal is that higher income states can sustain a higher minimum wage than lower income ones — a reasonable idea that raises a question about geographic variation in very large states.

hamiltonproject.org/assets/legacy/…Image
Apr 27 • 4 tweets • 1 min read
The perception that it's impossible to shrink federal spending is wrong.

In the 1990s, we had balanced deficit reduction with spending cuts and revenue increases first with GHWB and then with Clinton.

Obama proposed doing it again and Boehner said no. Image Trump/Musk/DOGE came in and *did not even attempt to craft legislation about government spending* which of course turns out to be a major flaw in a push for spending cuts!
Apr 24 • 11 tweets • 3 min read
I didn't express myself super-clearly here so let's just talk about another case — the Trump Trade War of 2025.

Because Trump has instigated this and because congressional Republicans are enabling it, there are absolutely right-wing media figures doing apologetics for it. 🧵 At the same time, if you get your news and information from highbrow right-of-center pundits and columnists — Wall Street Journal editorial page, National Review, The Free Press, etc — you'll see tons of Trump-friendly content in general and *tons* of criticism of tariffs.
Apr 10 • 7 tweets • 3 min read
A lot of "Abundance" discourse has been excessively abstract, so here's a concrete case.

Should one arm of the government (DOB) allow another arm of the government to (DCPS) to finish a school construction project on time or cater to local objectors?

eastoftheriverdcnews.com/2025/03/14/ken…Image To me, completing the school construction project on time so that kids can go to school in the fall and learn is clearly more important.

But if someone wants to argue the other side of it that would be an argument to have.

That's what's at issue here, though.
Mar 16 • 4 tweets • 1 min read
I think there’s no way to get around the fact that the core of nostalgianomics is a desire for the much larger *relative* male earnings premium and consequent lower bar (for men) to be a good catch. “Guy with an average job” commands much more purchasing power in 2025 than in 1955, but he is less impressive on the dating market than his grandfather would have been.
Mar 2 • 5 tweets • 3 min read
The Vice President is one of the smarter and more articulate people in politics — he's written some very good articles and a pretty good book over the years — so I have to say I find the quality and quantity of the evidence he has produced here to be pretty disappointing. Image
Image I think it's notable that military spending as a share of the economy was lower at the end of the Biden administration than during any year of the Bush, Obama, or Trump administrations.

We could keep it up indefinitely, I believe. Image
Feb 25 • 4 tweets • 2 min read
Again the whole thrust of Hauser’s work is thinking of ways to shrink the tent and naming people he wants to kick out of the party.

And what sucks about it is that he’s incredibly smart, hard-working, and effective at it! Democrats are a center-left party that support progressive taxation, a safety net, and reasonable regulation.

Most business owners will likely always prefer Republicans. But if some are a bit more broad-minded or culturally liberal than average and want to be Dems that’s good!
Feb 18 • 5 tweets • 1 min read
A lot of the discussion from the Tech Right about how impressive Elon Musk is totally elides the question of goals.

I 100% believe based on his record that he is hyper-competent with skills that apply across multiple domains.

But what is the evidence that he cares about me? Cutting nutritional assistance and medical care for tens of millions of poor Americans to partially offset a corporate income tax cut might get a rocket to Mars faster but … is that good? Is that what I want?
Feb 18 • 6 tweets • 2 min read
A somewhat frustrating dynamic at work here.

Critics of “woke” politics tend to focus on the most superficial manifestations because they are trying to proceed cautiously, but then counter-critics — like Traister here — counter that such superficial stuff can’t possibly matter. The dialogue eventually needs to pass into the less superficial issues that are genuinely in play — the rise of extremely simplistic disparate impact analysis as a controlling consideration in progressive policy.

slowboring.com/p/common-sense…
Jan 23 • 4 tweets • 1 min read
I just want to clarify that I, personally, was not like secretly critical of this until Trump won. Here's my article from May 2021 about Tema Okun.

slowboring.com/p/tema-okun
Jan 17 • 9 tweets • 3 min read
To both agree and disagree with @ddayen's take, what happened is that Jake Sullivan, for national security reasons, tapped a bunch of people who reject conventional economic analysis to run domestic policy — but the people he platformed don't share his national security goals! I wrote a long series about this effort to create a "post-neoliberal" economic policy vision for America.

It's original sin is that it was based on the false premise that 1970-2020 was characterized by a "growth at all costs" paradigm.

slowboring.com/p/what-was-neo…
Jan 5 • 4 tweets • 2 min read
I was well-informed about the Rotherham gang rape scandal ten years ago because I am a loyal consumer of the mainstream media Image
Image
Image [Guy who doesn’t follow the news] How come the media didn’t cover this? Image
Image
Dec 22, 2024 • 8 tweets • 2 min read
I know a lot of people in the technology industry have deep admiration for @elonmusk and find it baffling that many others have a negative reaction to him despite his lofty ideals and undeniable achievements.

I have a theory about why some see him negatively. Just yesterday, Musk did a tweet in which he expressed totally unqualified dislike for old politicians.

And yet spent the recent campaign enthusiastically supporting Donald Trump over his much younger opponent. Image