@Ali2022432@ben_moll@MattBruenig@mattyglesias Almost no one actually uses this strategy. It’s more of a theoretical curiosity. Some economists at yale looked into it and found very little uptake.
@michelletandler@EndWokeness That’s not really true. The Fifth Amendment takings clause did not originally apply to states and local gov. Barron v. Baltimore (1833). The constitution was originally written to protect you from the federal government. Of course, selective incorporation via the14th changed that
@40yoap It was a quality joke! But since i had to learn against my will about shock orderings and cholesky decompositions for old school VAR, i couldnt resist the impulse to let your uninitiated readers know OLS is in fact everywhere. It’s least squares all the way down!
@Wildlaw406 Granting sanctions needs to become more common. It was have no effect on good lawyers but, as Justice Holmes quipped, it is a remedy that will control the “bad man”
@EconChrisClarke@DanielDiMartino If you really love overlapping generations models maybe you can come up with some yarn about how “valuing the preferences of future generations” leads to this conclusion by including the yet to be born ;)
@jt_kerwin I’m agree except for the QJE. They are quite a few garbage quality empirical corporate finance papers that have been accepted over the years.
@ToasterRan59580@mak3333@biglawbro This is not true at all. I challenge you to identify any authority stating as much, because many legal authorities directly contradict that statement.
@dylanmatt Absolutely correct. Tried to watch succession twice but could never get passed the middle of the second season. It has occasional brilliance but is largely insufferable.
@anup_malani The motivating insights of the rational expectations revolution were the important part. The models should stay a theoretical tool that influence policy analysis. It is good that fed economists don’t run partial equilibrium investment regressions for policy analysis anymore!
@ItsMattsLaw Well as long as there’s a shareholder agreement in place the delaware court of chancery’s current position on breach of fiduciary duty appears to be “hold my beer”