Global macroeconomics/politics/agency/warming. Here (and there … https://t.co/R6lvGSptD0) to talk straight, not to stroke egos. NIESR visitor.
Jan 2, 2024 • 15 tweets • 3 min read
Thread.
It is axiomatic under the orthodox economics narrative that a tighter fiscal stance is better in the long run.
That narrative disregards the evidence.
If you care to know the global evidence on this, consider:
The vast majority of countries worldwide whose primary balances 1990-2019 deviate from those of the best growth performers at their levels of income do so with balances which are too tight, often substantially so.
The star witness is Jamaica.
But many, including Italy, likewise
Jan 1, 2024 • 12 tweets • 2 min read
Thread
The debate between “degrowthers” vs “realists” is largely moot.
Degrowthers rarely specify who exactly is going to de-grow, when, or how much, or how it will be enforced, or even if they mean relative to the past, or relative to some future no-policy-change trend.
For most of them, its all just “desiderata”, often reflecting priorities which have nothing to do with warming itself.
“Realists”, on the other hand, who declare “it just isn’t going to happen” rarely specify how, in that context, we make sure that we don’t collectively overheat
Jun 1, 2020 • 10 tweets • 2 min read
TV news is right now wondering why military forces are being reinforced as I type around the White House.
That’s because Grumpy is just about to issue a defiant statement in the rose garden, and the White House is expecting (hoping) that the protesters there will be incited.
And if you think its accidental that Grumpy plans to speak just before DC curfew—rather than waiting until after it and protesters are cleared—then I have bridges all over the world to sell you.
