Pedro M. Batista

A legal scholar, but not a legal centralist.
Law & Econ | Public Choice | Money & Finance.
Was Thoreau wrong? Has law ever made men a whit more just?

[Pedro M. Batista @PMB_FinTechLaw]

A couple of weeks ago, on the @OxfordBLB, Professor Iris Chiu asked whether stablecoins should be permitted to pay interest.

I decided to join the debate and defend the unpopular answer: yes, they should.

Comments very welcome!

https://t.co/qTj4x8QdOa

[Luis Garicano 🇪🇺🇺🇦 @lugaricano]

I am stunned. Read the entire thread. This repeated manipulation is malicious-there is no honest mistake anywhere here.

[Luis Garicano 🇪🇺🇺🇦 @lugaricano]

This plan is incompatible with freedom- a global class of planners telling us how long to work, how much we can grow, what we can eat. It is also completely wrong. All advances for climate (including the huge drop in battery and solar and wind costs) have come (and will come) from more innovation, more competition, firms that grow and invent and innovate and produce energy solutions that replace fossil fuels. If you enforce degrowth in the West you will kill for ever the climate agenda.

[Ricardo Reis @R2Rsquared]

I am late to the debate on whether Europe's economy is behind the US. Many quotes on this tweet by @lugaricano propose looking at health, inequality, happiness surveys, beauty of landscapes, driving around, etc. But there is a *better* way. And economists have used it for decades...

[Pedro M. Batista @PMB_FinTechLaw]

Banking crises are not only bank/rule failures. In my paper published in JBR, I use SVB to show that tiered supervision can raise expectations yet create hidden grace periods before binding constraint arrives. SSRN: https://t.co/y8m0UgKRpL

[Pedro M. Batista @PMB_FinTechLaw]

I have a short post on @CLSBlueSkyBlog, based on my recent paper in the Journal of Banking Regulation, on how tiered bank supervision can create hidden grace periods during supervisory transitions: https://t.co/LrrIY9id3h. Comments welcome.

[Deirdre Nansen McCloskey @DeirdreMcClosk]

A dominant paradigm these days in economics is “neo-institutionalism.”

Pushed for decades by Douglass North (1920–2015; Nobel 1993) and now the orthodoxy at the World Bank.

It says, like a recipe book, “Add institutions and stir.” Institutions such as sharecropping or land reform or modern courts are seen as causal.

Much of the evidence is historical. Much of it is mistaken.

My latest column for @folha....

[Brandon Arvanaghi @brandon]

AI agents can now open business bank accounts.

@Meow lets your AI agent open bank accounts, issue cards, check balances, send money, and audit spend.

Works with Claude, Cursor, ChatGPT, Gemini, and more.

The first financial infrastructure built for agents.

[Luis Garicano 🇪🇺🇺🇦 @lugaricano]

The UK triple lock is the singlest stupidest policy in the entire Western world, and the most damaging to the future of a country. Of course, it is also untouchable and almost undiscussed in the UK press. @mattyglesias does a big favour to the UK public here.

[Pedro M. Batista @PMB_FinTechLaw]

@Smithdanj Where is LSE?

[vitrupo @vitrupo]

David Kipping says something fundamental has shifted in science.

At a closed meeting at the Institute for Advanced Study (IAS), top physicists agreed AI can now do up to “90%” of their work and may soon push discovery beyond human understanding.

“I don’t know that I want to live in a world where everything around me is just magic.”

He says the best scientific minds on Earth are now holding emergency meetings about what comes next. This isn’t speculative anymore. It’s really happening.

[Pedro M. Batista @PMB_FinTechLaw]

@Smithdanj Even setting aside the Austrian and Chicago traditions, this claim is wrong on Coase’s own terms in The Problem of Social Cost.

[nicolas, 30 ans @nic_carter]

basically,

[Pedro M. Batista @PMB_FinTechLaw]

@GeorgeSelgin What is the rationale for “formally insuring all demandable deposits, while retaining the $250,000 cap for time deposits”?

[Pedro M. Batista @PMB_FinTechLaw]

@CassSunstein How do you differentiate a nudge from manipulation?

[Aaron Klein @Aarondklein]

I often disagree w/@JillCastilla on the role of government in bank regulation. But we both agree raising deposit insurance to cover multimillionaires and big business is a mistake. Read why in our @barronsonline
Op-ed (gift link).
https://t.co/HSgGVfsoCr

[Luis Garicano 🇪🇺🇺🇦 @lugaricano]

Geopolitical Europe... blah blah blah ... global actor... blah blah blah ...strategic independence ...blah blah blah

[Nicholas Decker @captgouda24]

Uber famously changes prices in response to demand, hiking prices when more people want the service. Who benefits? The consumer. Drivers lose out slightly compared to a world where Uber sets a uniform price. Total surplus goes up. We shouldn't be afraid of higher prices! 1/

[Pedro M. Batista @PMB_FinTechLaw]

@GeorgeSelgin Would then a potential question be: why do banks ever fail (in the “thin air” camp)?

[Alex Tabarrok @ATabarrok]

Keep in mind that the biggest recent experiment we have in rent control is that removing rent control increased supply and REDUCED prices. https://t.co/A47uBdZkyP