John L Harris

A Ph.D economist with extensive experience in economic analysis, financial forecasting, and quantitative risk management.

[John L Harris @johnlharris]

AI proponents argue “We’re so busy debating whether AI will destroy humanity that we don’t ask how we might use it to deliver services.”
But if it destroys humanity, why does better service delivery matter at all? Duh.

[John L Harris @johnlharris]

Altman, the head of Open AI, said AI benefits outweigh its potential risks. He said that means “the world should accept some bad things happening for the benefits of this technology”.
And there’s what we’re actually dealing with.

[John L Harris @johnlharris]

Growth economics are simple. Higher deficits, tax cuts for the wealthy, & printing more money beyond the economy’s inherent growth capacity will lead to higher prices, higher interest rates, & an affordability dilemma.
That’s where we are & it’s undisputed.

[😱 Scary Larry 😱 🇺🇦✊🏻🇺🇸🗽 @aintscarylarry]

The oligarchs, the rapists, the pedophiles, the Nazis, the enemies of democracy, the enemies of humanity. So many packed into one horrifying image. If future generations ever ask what happened, how everything got destroyed and there’s nothing left for them, show them this photo.

[Christopher Hale @ChristopherHale]

The leader of the free world.

[Michael Bennet @SenatorBennet]

This should be a wake-up call: we urgently need an independent agency with the authority to set and enforce real rules for AI and Big Tech.

[Alex Bores @AlexBores]

Another successful meeting of the Committee to Prevent Regulatory Capture

[Melanie D'Arrigo @DarrigoMelanie]

Dark money Super PACs exist so billionaires and corporations can anonymously bribe the politicians who regulate and investigate them.

It’s not “free speech” — it’s bribery made legal by the people who write the laws.

[Open Markets Institute @openmarkets]

If you're wondering why civil society is wary / skeptical of Big AI's calls for regulatory action, here's one good reason:

[John L Harris @johnlharris]

Trump welcomes China’s repressive dictator to the ‘People’s House’ while shutting its doors to the American free press. The same Trump who’s waging economic war against the prime minister of Canada invites the president of Russia to visit his Florida golf club.

[Richard Christopher Whalen @rcwhalen]

Achim from Berlin: "As the Psychopath-In-Chief Gatecrashes The UNGA And Threatens The Next Middle Eastern Genocide, Treasury Rates Go Vertical"

[John L Harris @johnlharris]

‘Affordability’ is a breeding ground for economically illiterate policies. Politicians promise price relief just to go undelivered b/c their promises are totally unworkable. Finally, no mention is ever made about the unsustainabity of the national debt.

[John L Harris @johnlharris]

How’s Trump’s ‘affordability is a hoax’ working out for ya?

[Truthdig @Truthdig]

Cartoon — Trump White House Curbs Press Freedom

https://t.co/fv2U5dtUig

[John L Harris @johnlharris]

I’m not defending runaway inflation in modern times. But it was a wild & brutal economic ride from 1800 to 1940 as deep deflationary busts evened out the immense inflationary booms. The ‘average’ 0.2% per year statistic is highly misleading b/c it hides huge annual volatility.

[Ben Carlson @awealthofcs]

Crazy but true stat of the day:

From 1800 to 1940 the annual inflation rate was just 0.2% per year

Prices were just 28% higher in a 140 year time frame

Since 1940 it's 3.7% annually or >2,200% in total

https://t.co/J4QeSCkhrY

[Laurence J Kotlikoff @Kotlikoff]

A gallon of regular is $4.48 compared with $3.20 a year back, inflation is running at 5 percent on a forward-looking basis, and the 30-year mortgage interest rate is back to 7 percent. https://t.co/HATRBGcqfE

[Jay Nordlinger @jaynordlinger]

If the administration were Democratic, not Republican, every Republican would agree with the below. Every single one.

[Tom Nichols @RadioFreeTom]

Every dictatorship in the audience is agreeing

[John L Harris @johnlharris]

A commodity in one location trades around the same price in another location. Any price difference is arbitraged away. That mechanism depends on the ability to move goods freely across borders. But tariffs, conflicts, & calls for national security now prevent that free movement.

[John L Harris @johnlharris]

The Trump agenda is starting to fall apart. Inflation, foreign relations, tariffs, Constitutional protections, & outright incompetence have the majority of Americans fed up & disgusted.
Susan Collins, for example, is not delivering to Maine but delivering Maine to Trump.