Jeff Cleveland

Econ junkie/macro/micro lecturer. Terps/O's/Ravens fan. Currently writing "Joseph Schumpeter, John Maynard Keynes, and Bill Gates Walk into a Bar in Helsinki."

[Jeff Cleveland @EconProfJeff]

Make no mistake, you’ve just witnessed the DNC committing the greatest example of voter disenfranchisement and suppression since the passage of the 14th Amendment in 1868…all due to the DNC’s buyers’ remorse.

[Jeff Cleveland @EconProfJeff]

@realbenmcdonald Your math is a little off…5-second delay between lightening and thunder is ONE mile, not 5!

[Nelson Dorsey III @nelsondorseyiii]

It would be easy to take a look at the Orioles record and assume they’ve had an easy schedule.

And if you looked at the schedule to begin the year you may have thought the same thing. But in reality, it’s been nothing but the opposite:

The Orioles have had the…

2nd hardest Strength of schedule

The most wins against teams over .500

2nd most wins on the road

All of this and they are still 26-12 with the best record in the AL and a +56 run differential.
#Orioles #Birdland #MLB

[Caitlin Cleveland @caitlincole08]

Time to run it back, #Birdland #OpeningDay #Orioles

[Megan @asianmegan]

And the fact that Cedric did this in their “no fly zone”….the irony

[Jeff Cleveland @EconProfJeff]

@melissaykim The “Free Kevin Brown” chant is an instant classic.

[Martha Bueno @BuenoForMiami]

How many taxes are on each loaf of bread you buy?

Let’s start with the grain. The land it was grown on pays taxes, the farmer pays taxes to buy, lease, and own all farm equipment. He pays taxes on each employee. He pays taxes when he sells his crops to the processing plant, who in turn pays taxes for the land/building, all equipment, all employees, plus on every dollar he makes when he sells his flour to the baker. The baker must pay taxes on his building, equipment and employees. He then ships the finished product to the supermarket, who again pays taxes on the land, equipment and shelfs, every employee, and all profits.

Add to all of that the cost of shipping (plus gas tax) from one processor to the next…

And government increased the cost of that 1 product by quite a bit.

But you’re going to tell me it’s the fault of the greedy corporations that prices are high?

When is government greed ever discussed? Seems to me they have the biggest pockets of all.

[Jeff Cleveland @EconProfJeff]

@Wootenomics As I tell my students, those words highlighted in red aren’t that way because you’ve made an exceptionally good word choice.

[Jeff Cleveland @EconProfJeff]

E.g., climate change (or as I like to call it, climate variability)…anything outside of one standard deviation is now branded breathlessly as “extreme.” Just watch NBC Nightly News for a week.

[Bryan Caplan @bryan_caplan]

Why you shouldn’t trust mainstream media.

In one sentence:

The media constantly shows rare yet horrifying events to scare and anger you in order to take away your freedom.

[Bryan Caplan @bryan_caplan]

Why you shouldn’t trust mainstream media.

In one sentence:

The media constantly shows rare yet horrifying events to scare and anger you in order to take away your freedom.

[Jeff Cleveland @EconProfJeff]

@melissaykim

[Jeff Cleveland @EconProfJeff]

@BuenoForMiami As a socialist will tell you, you’re just not smart enough to understand.

[Jeff Cleveland @EconProfJeff]

@BrianCAlbrecht Quick clarification? Your question asks about raising rivals’ costs, but your self-answer looks at prices.

[Jeff Cleveland @EconProfJeff]

@BrianCAlbrecht Why does there need to be a “new vision” in the first place? Other than perhaps minimizing the political influences of crony capitalism.

[Brian Albrecht @BrianCAlbrecht]

Profits don't cause inflation any more than exports cause GDP.

Never reason from an accounting identity! https://t.co/7KYydipnys

[Jeff Cleveland @EconProfJeff]

@BrianCAlbrecht Because God forbid they ever talk about, I don’t know, money supply, unlimited credit expansion, and trillions in fiscal “stimulus.”

[Jeff Cleveland @EconProfJeff]

@Wootenomics Yet it has never led to persistently high unemployment rates. Nor will it.

[Jeff Cleveland @EconProfJeff]

@Wootenomics The first untruth about UBI is that it is NEVER universal. The second is the recent argument that UBI is needed to help workers who lose their jobs due to robotics and AI. Yet we have always had (and will always have) structural unemployment…

[Jeff Cleveland @EconProfJeff]

@Wootenomics We’ve had structural unemployment since the beginning of time. At least we’re not hearing calls for UBI…yet.

[Jeff Cleveland @EconProfJeff]

@BrianCAlbrecht She’s an idiot.