PaSwede

Trained Economist working outside of Academia who dislikes the trend towards extremes and polarization of our politics. Would prefer a multi-party system.

[PaSwede @PaSwede]

https://t.co/UC4Dc7N2FD

[PaSwede @PaSwede]

"glmbayes just hit #1 on r/rstats — Bayesian GLMs with familiar glm() syntax, no MCMC required. Seems to be resonating with the R community. [link] #rstats #bayesian"

[PaSwede @PaSwede]

@MortenStostad Your notion that economists claim that markets are fair (a normative statement) if value equals marginal contribution is just incorrect. The claim is that price taking tends to lead to price=marginal contribution which tends to imply efficiency (a positive statement).

[PaSwede @PaSwede]

@haugejostein Brilliance of Capitalism is exchanges of goods & services are based on free choices by both parties. I don't have to pay for somebody else's goods or services if I don't want to & they don't have to pay for mine. other systems involve making others pay for things they don't want.

[PaSwede @PaSwede]

@anup_malani @EichMartin My sense is Ricardian equivalence is closer to being true for Higher income/the wealthy than for lower income/less wealthy. Higher income people are closer to being "rational" in behavior. Ricardian equivalence also assumes fixed spend.

[PaSwede @PaSwede]

@MortenStostad Whether redistributive policies should/should not be pursued is inherently a normative question and Economists hurt their credibility as "scientist" if they make collective statements in this regard or if they pretend that there is any "science" behind those types of statements.

[PaSwede @PaSwede]

@MortenStostad Economist can and should study what the likely impact of various policies might be and what might be better/worse ways of achieving various policy objectives. This is "positive economics". 1/2

[PaSwede @PaSwede]

@jdcmedlock The US had to pass a constitutional amendment to implement an income tax that is not distributed among states based on population. With current SCOTUS, I would be hard pressed seeing a wealth tax being constitutional without a similar amendment. States could pass wealth taxes.

[PaSwede @PaSwede]

@haugejostein Neoliberalims is the left bogeyman that is to be blamed for all things while in reality most trend over time have just been driven by long-term economic trends shared across Economies regardless of political orientation. But sure, keep blaming Reagan and Thatcher.

[PaSwede @PaSwede]

@BharatRamamurti This is BS. Both the Biden loan forgiveness case and this case are fundamentally about the determining the powers that belong with Congress vs. the Executive branch and not about whether someone feels these are good or bad policies or whether they align with corporate interests.

[PaSwede @PaSwede]

There are so many partisan dimwits who don't seem to get that both the loan forgiveness and this tariff case were about fundamental separation of powers questions and not about whether not either is good policy. It is Congress's responsibility to decide and not the president's.

[PaSwede @PaSwede]

@joewrote @jonathanchait @AJentleson Her historic record of being a progressive followed her. Her shift was not credible and she lost credibility with both progressives and centrist.

[PaSwede @PaSwede]

@joewrote Voteview (DW-NOMINATE): ranked Harris as the 2nd most liberal senator during her time in office, trailing only Senator Elizabeth Warren. Her overall score of -0.709 placed her further to the left than Senator Bernie Sanders (-0.54).

[PaSwede @PaSwede]

@jeffspross The left all across the west have lost touch with working class people and have become the "Bramin left". However, the failure is not because of economics but because of the rise of Culture wars and immigration as the dominant issues.

[PaSwede @PaSwede]

@IsabellaMWeber @UMassEcon Both Rawls and Harsanyi have looked at this kind of issue. Saying that economist don't look at it is not a factual statement. What is the right way of doing so, however, is not clear and how much equality or inequality we want to tolerate is not a scientific question.

[PaSwede @PaSwede]

@mbaram @chamath How is it miss=leading? The rich are funding most of the government services. In what universe would it b e fair to have the rich pay for almost all government services? I guess you are free-rider who don't want to have to contribute anything. Good luck if the rich leave.

[PaSwede @PaSwede]

We are really getting to crisis mode for the left in the US. I do think our politics is destined to end up with the same stalemate we see in France with three blocks. If the progressives take over the Dems, we will see mass defections to a center block.....

[PaSwede @PaSwede]

@TheChiefNerd Kara Swisher, I wonder who the ungrateful piece of shit is here...

[PaSwede @PaSwede]

@MichaelAArouet How is sweden the mots individualistic? This is quite a change since 70s and shows how wrong the american left is about Scandinavia.

[PaSwede @PaSwede]

@krystalball No...You can either be drive away your tax base or ensure your state can be competitive and have its functions funded. But sure virtue signalling is all Liz warren and you ever cared about.