Gabe Econ

Undergraduate studying economics and math. Pursuing a PhD in economics. Classical Liberal.

[Gabe Econ @GabeEcon]

Just ordered more books off Amazon to offset this purchase.

[Gabe Econ @GabeEcon]

In FY2024, U.S. aid to Israel was ~$6.8B or about 0.1% of federal spending. Social Security & Medicare alone cost $2.4T, and safety-net programs at least another $478 billion.

The U.S. spends orders of magnitude more on its social safety net than on Israel.

[Nathan J Robinson @NathanJRobinson]

Netanyahu told his ministers they have an "unlimited budget" to deal with Hezbollah.
He's right: US politicians, both Republicans and Democrats, will rob their own constituents blind—destroying our country's infrastructure and health—to feed the insatiable Israeli killing machine.

[Wojtek Kopczuk 🇵🇱🇺🇦 and 🇺🇲 @wwwojtekk]

This is a full radical degrowth agenda. Sad to see

[Gabe Econ @GabeEcon]

There are two ways to deal with climate change.

De-growth (Piketty’s view): Less growth, lower living standards, and a less comfortable life.

Abundance: Growth is driven by new ideas, not finite resources. We can have higher living standards and clean energy abundance.

[Thomas Piketty @PikettyWIL]

The key finding of the report is that energy transition alone will not suffice.

We need to combine it with "sufficiency" to stay within 2 degrees. This includes labour hour reductions, growth caps in rich countries, less material consumption, and changes in food habits.

[Gabe Econ @GabeEcon]

We shouldn’t care much about economic inequality itself. What matters is eliminating poverty and increasing absolute living standards for all. The only unjust inequalities are those created by fraud, coercion, or government cronyism.

[Jack Meyer 🏛️ @Jackbmeyer]

Since everyone is sharing their favourite American philosophers, what is the best American Economic Review article?

[Gabe Econ @GabeEcon]

A new paper in AER Insights using randomized admissions lotteries finds that Massachusetts charter schools significantly increased college enrollment and graduation, even when some nonurban charter schools lowered test scores.

https://t.co/Api6crHUUL

[Gabe Econ @GabeEcon]

Do we really want Trump, or any president, influencing AI model development? Set broad rules for AI, then let the industry innovate.

[Sen. Bernie Sanders @SenSanders]

AI is built on humanity’s collective knowledge.

The wealth it generates must benefit humanity — not just Elon Musk, Sam Altman and other AI oligarchs.

That’s why I’ll be introducing the American AI Sovereign Wealth Fund Act — to give the public a direct ownership stake.

[Gabe Econ @GabeEcon]

Bernie is getting close to a good idea here. If AI boosts productivity and growth, there is a strong case for making sure everyone shares in the gains. The best way to do that is through direct transfers or a universal dividend, not government ownership of tech companies.

[Grayson Flood @grayson_flood]

Love this sovereign wealth fund idea from Bernie. Good to see politicians putting forward bold ideas that meet the scale of the moment with AI.

[Gabe Econ @GabeEcon]

Not only are the theoretical arguments against socialism strong but we have a century of empirical evidence on what type of societies lead to human flourishing! Societies that have embraced market economies have generated greater prosperity than socialist countries.

[Nathan J Robinson @NathanJRobinson]

Fascism is about hate and destruction, socialism is about building a better world in which we can all flourish.

[Gabe Econ @GabeEcon]

We passed a $1.2 trillion infrastructure bill in 2021 (which Massie opposed). Thats 226 times larger than one year of U.S. aid to Israel and Taiwan combined, not counting the hundreds of billions already spent annually on infrastructure by federal, state, and local governments.

[Thomas Massie @RepThomasMassie]

@marklevinshow Great! Write a personal check.

Americans are tired of sending them tax dollars while our own infrastructure crumbles and prices soar.

[Gabe Econ @GabeEcon]

This is nonsense. Life is way better for younger generations. A few examples: when Harrison Ford was born in 1942, 51% of the world lived in extreme poverty. Today, it’s less than 10%. Global life expectancy was 45 then. It’s 73 now.

[Kat Rosenfield @katrosenfield]

I can’t stop thinking about what a remarkable thing this is to admit after 60 straight years of “fuck the man, change the world” boomer activism

[Jason Furman @jasonfurman]

I'll see you and raise you Social Security benefits, health benefits, nutrition benefits and more.

[Nicholas Decker @captgouda24]

Graham Platner is one of the most odious men in public life. Here is someone who served in a war he disagreed with because he wanted to kill people, then liked it so much he went back. Now he lives off of bilking the government. He has accomplished nothing.

[Gabe Econ @GabeEcon]

AI should absolutely take all their jobs.

[Alex Kantrowitz @Kantrowitz]

This is incredible. Artificial intelligence getting booed out of the stadium in any commencement speech it’s mentioned. Maybe telling college students AI was taking their jobs wasn’t the best strategy. Must watch —>

[Gabe Econ @GabeEcon]

When he referred to the republic dying, he was referring to emergency relief to families when unemployment was 14% during a pandemic.

[Murray Rothbard @MurraySuggests]

Speaker: “For what purpose does the gentleman seek recognition?”

“Mr. Speaker, I came here to make sure our republic doesn’t die by unanimous consent in an empty chamber, and I request a recorded vote.”
-Thomas Massie 2020

Never forget.

[Chris Freiman @cafreiman]

It’s hard not to think that educational outcomes would improve if each pupil simply had $44k to choose among private schools competing for those dollars.

[Gabe Econ @GabeEcon]

I think one of the underrated arguments against theism is the problem of abstract objects. If absract objects like numbers or sets exist necessarily, reconciling their existence with God is difficult. https://t.co/RmTpAZjrbt

[𝔐𝔽𝓩 @mean_field_zane]

Most of macroeconomics lol.

[George Selgin @GeorgeSelgin]

First if all, if the New Deal “saved capitalism,” it didn’t do so by ending the Great Depression, which was still going strong until WWII began, with over 17% of the U.S. labor force either on work relief or unemployed outright in 1939.