
UrbanIngot
@two8362
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The reason Larry Summers resigned was because Harvard’s faculty hated his guts since the beginning of his presidency, and had been clamoring for any semblance of a scandal for years. This style of leadership was always going to have an expiration date.
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Politics is more about ideological narratives than maths. In their history book, a very generous pay-as-you-go retirement system is a social conquest when, in reality, it was just a way to spend the ‘demographic dividend’ of the post-war baby boom. Now the dividend has turned
The left in Europe excels at intergenerational math when it's about climate change, and even does robust control by using the worst, most pessimistic model to make projections, but when it's about pension reform, they forget all about the intergenerational trade-offs, and they
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Endogenous IQ theory vindicated!
@cremieuxrecueil @joefrancis505 It definitely has. In the 1980s, IQ in China was in the 90s: https://t.co/09kK1l2tqK. In Taiwan and South Korea, the generations born in the 20th century had IQs as low as 20 points below age-matched US norms on the WAIS-IV:
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The "default" website to recommend for slang is urban dictionary, but for like a decade the site has been riddled with spam, advertisements, and complete nonsense. The actual website you should use to understand slang is wiktionary.
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Economists will say this and then buy $0 in credit default swaps
The exposure of the world to US equities is at record levels. A stock market correction would have more severe and global consequences as compared to what followed the dot-com crash. The tariff wars and lack of fiscal space compounds the problem. The underlying problem is not
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What I found most surprising is that HBS had no econ requirements in 2000. Has this changed? Is this why HBS lags behind its peers in economic research, even though more people have been hired since?
I quite enjoyed this essay by Ed Lazear on the spread of economics to all subjects. Really it’s a survey, and introduced me to a lot of Becker’s work in particular. (Nobody reads Becker anymore!) 1/
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Leftists always act like petty crime is due to people not being able to afford something, but then never manage to explain why all the shoplifting and fare evasion is done by 17-year-old boys instead of struggling single moms
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Remarkable blast from the 80s Socialist President Mitterrand admits that his decision to set the retirement age at 60, down from 65, will make France's pensions model buckle under demographic pressure But: "My successors will have to deal with it" https://t.co/8PiuVnaTtZ
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Worth reminding folks that in 2020, Pettis' "model" predicted that China's debt/GDP ratio would rise to somewhere between 400-690% if the country maintained growth in the 4-5% range — a.k.a. well above the infamous self-asserted "correct sustainable level" in the 2-3% range.
1/5 Chinese debt continues to rise quickly, with total social financing rising by 8.7% year on year in September (more than twice GDP growth) to RMB 437.08 trillion. This is equal to nearly 312% of 2025's expected GDP (versus 303% at the end of 2024). https://t.co/rNP1XQaVxs
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It’s a telling sign of the state of political economy in Canada that every political party agrees that the problem with the Trudeau government’s massive subsidies to Stellantis is that they didn’t impose enough conditions rather than they were a bad idea in the first place.
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People often assume that French politicians never touch pensions out of fear of the grey vote This is only partially true: Working age Frenchies are also delusional or ill-informed on pensions This is how they end up backing "Turkeys for Christmas" policies A🧵
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my predictions: ukrainian ultranationalist account 📍🇨🇦 alberta separatist account 📍🇺🇸 MAGA account 📍🇨🇦 save evropa account 📍🇮🇳 the west has fallen account 📍🇷🇺 islamist account 📍🇬🇧
#BREAKING: X will soon be displaying every users’ country of origin on their public profiles.
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One wonders if the proponents of so-called Team Canada in the context of Trump’s tariffs and Canadian public policy more generally recognize how Central Canadian-centric it is. It’s an expression of Team Canada to transfer scarce public resources to Central Canadian automakers
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It's the manufacturing capital of the world, the tech capital of Asia, arguably the finance capital of Asia, and is the centre of Cantonese culture.
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China will happily oblige tech transfer if there is a reasonable-enough prospect of making attractive financial returns. https://t.co/0tYbo4b2rt
bloomberg.com
The European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more...
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Carney is a banker first and economist last
It feels like whatever progress the feds were making at the tail end of the trudeau era with municipal accountability has absolutely evaporated under the new PM and minister. I can not express enough how disappointing this is. I thought Carney, with his years of experience in
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School trains you from a young age that progress can't be made during normal working hours
i used to think i was a night owl, but in reality i was just procrastinating until the evening to get my work done, and justifying it by calling myself a night owl. i bet most of you "night owls" out there are in the same boat but too afraid to admit it to yourselves.
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