"Sure we already have Adrian Vermeule but Harvard really needs to hire someone less proto-fascist and more actual fascist. After all, when it comes to real fascism, integralism is pretty thin soup."
Did I hear them right?
www.snopes.com/fact-check/t...
But it *should* be real.
Central bank independence refers to the absence of political influence on monetary policymaking. It is widely accepted that independence acts as a commitment device to achieve price stability. Despite evidence that central bank reforms towards greater independence have led to lower inflation, this column shows that there is still ample evidence for political pressure on central banks. The pressure is most often to ease monetary policy and frequently has the intended effect. This occurs through direct political pressure, appointing political allies, and partisan influences. Legal independence is necessary but not sufficient to prevent political pressure.
Despite evidence that greater central bank independence leads to lower inflation, political pressure on central banks continues, most often through direct pressure, appointment of political allies, and partisan influences.
Sylvester Eijffinger, Jakob de Haan
cepr.org/voxeu/column...
#EconSky
"Liberation Day" was April 2, 2025.
With the help of the Sandy Hook families, The Onion has reached a long-awaited deal to take over InfoWars.
We've enlisted the help of @timheidecker.bsky.social, who will be InfoWars' Creative Director.
Please stand by for more.
Future gasoline prices: use gasoline futures, oil futures, it's not looking good for a quick return to $3 gasoline at retail... #EconSky
econbrowser.com/archives/202...
I wonder how they are fiddling with the line width in an existing PDF figure. Very odd: they should be isolated from the rest of the document. What app generated the PDFs?
One other possibility is that it is a viewer setting. If you are using Acrobat, do you have "Enhance Thin Lines" set off or on?
@marcellograz.bsky.social
Another important detail:
Péter Magyar says the outgoing government of Viktor Orbán is carrying out "large-scale" destruction of documents before vacating office.
"We are receiving increasing reports of large-scale document destruction from various ministries, affiliated institutions, and companies close to Fidesz."
For regular updates, I recommend following G Elliott Morris (and his Strength in Numbers blog): bsky.app/profile/gell...
Political scientists think about this a lot.
Good grief. In what format did you supply the figures to them? PDF?
#EconSky
Allbirds vs the efficient markets hypothesis.
Terrible. Why isn't the figure styling up to you?
It looks like as soon as people retire they recall that Dems struggle to protect Social Security and Medicare against GOP attacks.
Should surfing pay a "living wage"?
Source: www.sca.isr.umich.edu/files/chicsr...
That didn't even make it 24 hours.
I guess that puts more energy infrastructure damage on the table again with all the attendant consequences that implies.
#EconSky #EnergySky
The chart reports marginal fixed effects estimates associated with parental education, that is, the percentage point difference in probabilities to achieve tertiary education between individual’s grown-up in high/low-educated families relative to those grown up in middle-educated families. Regressions control for sex, migration background, age and region of residence. All estimates are statistically significant (at least at the 10% level). Understanding levels and patters of intergenerational social mobility can help in designing policy mixes that enhance both drivers of economic growth and equality of opportunity. This column provides new cross-country estimates of intergenerational social mobility for 29 OECD countries. Parental background exerts a significant influence on offsprings’ socioeconomic outcomes, though with a different extent across countries. Education is a key channel of intergenerational mobility.
Data across 29 OECD countries show that parental background exerts a significant influence on offsprings’ socioeconomic outcomes, though with a different extent across countries. Education is a key channel of intergenerational mobility.
T Tanaka, M Nguyen, O Causa
ow.ly/HX1c50YFtkf
#EconSky
Tucker Carlson's moment as a man of conscience.
It won't last.
The image is a cover slide for a presentation titled "The Macroeconomic Causes and Consequences of Inflation" by Donald Kohn, Guido Lorenzoni, Lucrezia Reichlin, and Mark Watson. The Federal Reserve Bank of Minneapolis logo is in the top right corner beside the letters "QR" and the words "Quarterly Review".
"One lesson is don't over-learn the lessons of history, especially recent history." - Donald Kohn of @brookings.edu, part of our distinguished panel reflecting on the recent inflation episode and featured in our latest Quarterly Review. https://bit.ly/4sg6POQ #EconSky
"Prediction is very difficult, especially about the future."
(attributed to Niels Bohr)
“It’s really difficult to cover him in a way that conveys how unhinged he is.” -- Aaron Rupar
