Antitruster
@AntitrustEcon
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Take note: @RelearningEcon is *not* interested in relearning economics. It’s bad branding, honestly.
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Antitrust in the 2020s: Narrator: “is X anticompetitive?” Economists: “Good question. This is actually a little nuanced. X can be harmful when … but it’s totally reasonable when … “ Populists: “Well, first off, it’s fascism. Second off, how dare you? …”
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Everyone knows the best judge of economic policy is social media presence. One thing we know for sure is that the social media hive-mind gets things right, especially technical stuff.
Move along everyone, definitely nothing to learn about winning from this type of extraordinary organic engagement!
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Instead of capping rent, Mamdani should cap the number of revisions of IO papers.
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How quickly some forget. Lina Khan’s FTC leadership was an abject disaster. Staffers were *very* clear about this. Aside from the surveys showing morale falling off a cliff, many staffers voted with their feet and simply resigned. https://t.co/CG0ZusU1hc
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When Lina was running the FTC, things got so bad the Biden White House had to intervene and make her replace her chief of staff with one of Ron Klain’s own advisors, Elizabeth Wilkins, to clean up the mess. Prayers for NYC, y’all.
Lina Khan provided a model of governance at the FTC, this is a fantastic decision by Zohran to bring her in to co-chair his transition.
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Daily reminder that antitrust populism is grounded in a fundamental inability to understand kindergarten-level economics. The self-righteousness and fanaticism are just the sprinkles on top.
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Hard to imagine a life so dominated by confused zealotry as that of an antitrust populist. Truly the dumbest fanatics on the internet.
Your position is endowed by a hedge fund. CTIC is funded by a who’s who of monopolists. And we all now know that Amazon’s internal communications indicate they direct your scholarship. You’re owned. And you looked out for your benefactors’ interests as they forged fascism.
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Imagine saying you specialize in “macroeconomic forecasting” but not knowing what an expectation operator does….
The New Keynesian Investment-Savings curve is time-travel economics.😂 To get demand today, you first need to know what demand will be tomorrow. So DSGE models aren't causal systems they're solved backward, assuming everyone already knows the future.
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Look at this moron who doesn’t know what expected value is.
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Tim Wu announces that his book launch will include twice as many bad takes as his book.
Lina Khan and I are teaming up for the New York launch of my book at the NYPL next week: details here https://t.co/9hEejq9UH7
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Jostein is an expert in vibes-based economics.
It is not a coincidence that the two most successful economic development stories at the moment — China and Vietnam — are both socialist market economies.
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How to burn scientific credibility. Frenkel is a mathematician who has never worked on anything close to dark matter/ dark energy phenomenology, or even on any of the mainstream problems of theoretical physics. This is like me opining on proofs of the Langlands conjectures. 1/4
I can attest that @EricRWeinstein is a brilliant mathematical physicist. I recently did a deep dive into his Geometric Unity theory and I think it has the potential to unify all forces of nature in a beautiful & novel way; explain dark matter; and give a new explanation of dark
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First order conditions in shambles after this epic revelation
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Sabine Hossenfelder has officially cited Eric Weinstein's Geometric Unity in her latest paper. It's only proper that entertainers cite other entertainers:
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Most of you will not remember the epic failure that was @EricRWeinstein's seminar at Chicago in 2021 when Greg Kaplan invited Eric to expose him as a complete fraud. The seminar plainly showed that Eric has no idea about physics and is equally clueless about economics.
The result of a wild good faith conversation w/ @grok. This can’t be had w/ “anti-colleagues” like economist @florianederer because their aim is bad faith. Not scholarship. Not innovation. I believe @elonmusk will soon solve the bad faith + sycophancy problems in @Grok as well.
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It took only a few minutes of prodding Grok on the details to conclude that @EricRWeinstein’s entire thread is useless hot air.
The result of a wild good faith conversation w/ @grok. This can’t be had w/ “anti-colleagues” like economist @florianederer because their aim is bad faith. Not scholarship. Not innovation. I believe @elonmusk will soon solve the bad faith + sycophancy problems in @Grok as well.
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One thing an econ PhD instills in you is a respect for the depth of knowledge in different subfields. This stops you from embarrassing yourself by feigning expertise in areas you don’t work in. Jostein seems unfamiliar with that level of rigor. To him, vibes are always enough.
This year’s Nobel Prize in Economics is a farce. There’s an entire field of innovation studies — building on Schumpeter’s insights — that *actually* explains innovation-driven economic growth. This field is full of brilliant economists. But apparently, they’re considered too
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I’ve learned there is a guy (@brian_callaci) who is “chief economist” at @openmarkets. What an odd concept. It’s sort of like being “chief immunologist” of an anti-vax organization, or “chief astrophysicist” of the Flat Earth Society.
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