So this happened on June 5th and aired this morning on Meet the Press.
As we used to say back on the ranch I grew up on, the guy is all hat and no cattle.
He complains without facts.
He insults because he’s uninformed and a bully.
He storms off the set because he’s a very weak man.
America, we deserve better. Vote in the midterms. Full stop.
President Obama on Iran: “We pulled it off without firing a missile. We got 97% of their enriched uranium out. There’s no dispute that it worked and we didn’t have to kill a whole bunch of people or shut down the Strait of Hormuz”
This is fantastic news - hard to think of a more qualified economist to step into the shoes of Hyun Song Shin at the BIS. Congratulations, @helene_rey!
RIP Chris Sims.
I was enormously influenced by Chris. My own, perhaps idiosyncratic take:
His main contribution came at a time when macroeconomists had constructed the first wave of big macroeconometric models. They were constructed piece by piece, a consumption block, an investment block, and so on. Each piece looked reasonable, but when assembled together, the implied macro dynamics were all wrong.
What Chris did was to turn things around, namely argue that one had to start from the actual macro dynamics, the so called VARs, and show how, with minimal identification conditions (leading to "structural" VARs), they could be used to suggest the dynamic effects of various shocks, dynamics that the structural models had to replicate.
To say that his approach was influential would be to understate its influence. Today, a model that did not fit the VAR evidence, would be simply dismissed.
Olivier:
To understand the attitude of orthodox German economics in this matter, think of a big, deep, liquid market for booze in a world of alcoholics.
Dear Lars
Can you have a look at our proposal with Angel?
https://t.co/etkcFj33Kx
It does not have risk sharing, it does not imply deficit finance. Germany is not on the hook. It is not an increase in debt, but smarter and cheaper debt. How does it do it? The way the US has done it: Larger, more liquid market, nothing else.
Can we get past the ukases, and the preconceived notion that eurobonds are necessarily bad?
Trump: "I believe the tariffs, paid for by foreign countries, will like in the past substantially replace the modern day system of income tax, taking a great financial burden off the people that I love"
For anyone who would like to hear Mark Carney’s outstanding Davos speech in full here it is. This is what true global leadership looks like.
Canada should be immensely proud today, because they are leading the fight back when others dare not.
🎥 TikTok - https://t.co/BExGV2YIDq
Putin schickt tausende über tausende Russen in den Tod und kann doch noch immer Pokrowsk nicht vollständig kontrollieren und hat Kupjansk wieder verloren. Aber mit Drohnen in Wohnhäuser friedliche Familien in Kyjiw ermorden, dass kann er. Kriegsverbrecher.
With the latest mass shooting at Brown University, this might be a good time to mention that Bill Clinton’s assault weapons ban reduced mass shooting deaths by 43% - but after George W Bush & Republicans let it expire, mass shooting deaths spiked by 239%.
It's the fucking guns.