JW Mason @JWMason1 Twitter profile

Last Seen Profiles

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@j_1kiz

JW Mason

@JWMason1

3 months

It's kind of incredible how convinced the Biden team are that they can solve their Gaza problem by simply lying about it.

Juan Cole

@jricole

3 months

Biden in Detroit on Gaza: "This war must end." Says his detailed plan has been accepted by the Palestinians and by the Israelis. But in fact Netanyahu rejected it. He can't end the war by gaslighting us.

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JW Mason

@JWMason1

2 months

Dude. Your magazine is called Jacobin. And you posted this on Bastille Day.

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JW Mason

@JWMason1

2 months

I wonder if the Harris campaign is looking at these polls.

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JW Mason

@JWMason1

4 months

This one I just reproduced myself. Perhaps the most noteworthy thing here is not the nonsense content, but the fact that the first hit is an AI ripoff site that stole the Onion’s story.

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JW Mason

@JWMason1

2 months

The fact that J. D. Vance and Ron Klain worked together at a venture capital fund is really a perfect detail for our times. The fact that the fund was called Revolution is a bit much, tho.

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JW Mason

@JWMason1

1 month

Its remarkable how many economists insist on sticking with intuitions from models where producers are price takers facing increasing marginal costs, no matter how far real economies diverge from that.

Isabella M. Weber

@IsabellaMWeber

1 month

The price question in an eggshell: @jasonfurman : When 🥚 prices go up, supply goes up. Me: When 🥚 prices go up, 🐓 do not lay more 🥚. It takes time until more 🥚-laying 🐓 are bred. In the interim, prices overshoot hurting consumers & causing windfall profits. Full story 👇🏽

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JW Mason

@JWMason1

2 months

Just sent off the draft of Money and Things to the publisher -- @arjun_jayadev 's and my 180,000-word manuscript on the nature of money. Coming next year, knock on wood.

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JW Mason

@JWMason1

1 month

Price controls are ubiquitous in modern economies. The case of extending them to groceries is based on the extent of market power there. Martin Sandbu is almost the only high-profile economics commentator making these obvious and sensible points.

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JW Mason

@JWMason1

3 months

Smart post. US officials point to low margins in Chinese manufacturing as a sign of overcapacity. But isn't an economy with high investment and low margins the best case scenario for those of us who aren't business owners?

Arnaud Bertrand

@RnaudBertrand

3 months

This is one of the thought-provoking pieces I've read lately on how China manages its economy, and why it ultimately creates more value for society overall. Essentially the author - the mysterious Han Feizi (a pseudonym) - argues that the West looks at

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JW Mason

@JWMason1

1 month

In the first economics class I took as an undergraduate, on day one we had two people on a desert island. On day two we had landlords who owned buildings, tenants living in them, and a government regulating rents. I could never escape the feeling that some steps had been skipped.

Branko Milanovic

@BrankoMilan

1 month

Every move of production leads to different factor incomes, thus to different distribution and different relative prices of goods. You would think that Econ 101 would begin with this. But, no, they take one mode of production and study only that. And nothing else.

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JW Mason

@JWMason1

11 days

Elite higher education today: Rather than allow any criticism of Israel, all public discussion will be banned.

Jacob Remes

@jacremes

16 days

No gathering to express views on a given subject may take place at Teachers College without prior written authorization from the college.

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JW Mason

@JWMason1

10 days

In absolute awe of the student journalists who wrote this comprehensive, unflinching account of Columbia's efforts to suppress student speech, for the campus paper. The world may be f*cked, but the kids are all right.

Inside Columbia’s surveillance and disciplinary operation for student protesters

Inside Columbia’s surveillance and disciplinary operation for student protesters Tracking students’ every move at protests using CCTV footage and Columbia ID swipes. Hiring private investigators—who,...

www.columbiaspectator.com

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JW Mason

@JWMason1

4 months

Here's my new Barron's piece, arguing that the rise of China shoud be treated as the very good thing for humanity that it is, and not as a threat to the US. As usual, I added a bit to the blog version that didn't fit in the published one.

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JW Mason

@JWMason1

6 months

It's hard for me to understand how anyone looks at the experience of the past few years and concludes that the kind of industrial policy being pursued by the US (call it "derisking" if you like) has not been effective.

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JW Mason

@JWMason1

2 months

The business case against AI: Sure, it can replace writers. But it’s not like there’s any money in writing.

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JW Mason

@JWMason1

1 month

In light of the Harris speech, seems like a good time to re-up this post on why I think price gouging or profiteering is a useful frame for thinking about and managing price increases.

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JW Mason

@JWMason1

4 months

The people who control our productive activity want to burn as much as electricity as possible to run their plagiarism and trading-card machines, while their Chinese peers are focused on producing electric cars that people want to buy. The solution? Don't let people buy the cars.

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JW Mason

@JWMason1

3 months

Perhaps it's foolish to be shocked by this. By I still find it incomprehensible that this paragraph could be published.

Will Bunch

@Will_Bunch

3 months

I am totally floored by this Washington Post op-ed's debate advice for Biden -- be just like Lincoln when he signed onto racism and the Fugitive Slave Act

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JW Mason

@JWMason1

3 months

This is not a small point, or a gotcha. The lies spread by Eric Levitz (and others) about invented atrocities on 10/6 had real consequences.

Tim Barker

@_TimBarker

3 months

If @ericlevitz thinks it's wrong to lie about dead babies, he should retract his own false statements on this topic, which have now been shown beyond doubt to be mendacious bits of genocidal incitement.

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JW Mason

@JWMason1

9 days

One wonders how different these number might look if Democratic leadership had challenged the narrative of a crisis at the border, instead of trying to co-opt it.

54 percent of Americans back mass deportation of immigrants: Poll

A new poll has found that more than half of all Americans support the mass deportation of undocumented immigrants, with a large number of Democrats also supporting the effort.

thehill.com

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JW Mason

@JWMason1

3 months

Here's a new, rather long blog post on money, interest rates, and how economics should be, based on a talk I gave at the Political Economy of Finance Summer School at Brown earlier this week.

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JW Mason

@JWMason1

2 months

We may not be able to stop Congress from inviting mass murderers to the Capitol, but we can at least make it clear that they don't speak for all of us. The amazing @LauraTanenbaum is somewhere in that crowd.

Prem Thakker

@prem_thakker

2 months

500+ Jewish people from across the country chanting “ARMS EMBARGO NOW” at the U.S. Capitol on the eve of Israeli Prime Minister Benjamin Netanyahu’s address to Congress.

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JW Mason

@JWMason1

4 months

One way of making sense of this is that when economists talk about inflation, they mean the change in prices over the past 12 (or sometimes 3) months, but people experience inflation as the change in price over some longer period. It's not obvious why 12 months is correct.

Doug Henwood

@DougHenwood

4 months

I know the news about the CPI in great detail. I was also stunned when I spent $72 on a bag of groceries yesterday. You've never had that experience?

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JW Mason

@JWMason1

5 months

Best account I have seen on the violent suppression of student protests at City College last night.

NYPD Raids CUNY's City College, Violently Arrests Students, Then Hoists American Flag - Hell Gate

Hundreds of officers burst through the City College gates, clearing out a Gaza solidarity encampment.

hellgatenyc.com

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JW Mason

@JWMason1

17 days

One of the central economic stories of the past few years.

Jeff Stein

@JStein_WaPo

17 days

Incredibly whiplash for millions of the poorest families in America: Lowest ever poverty rate fueled by CTC and pandemic spending, followed by the sudden end to those policies and the fastest inflation in 4 decades

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JW Mason

@JWMason1

4 months

Between 1988 and 2018, Chinese households at every point in the income distribution saw annual income growth 5-6 points higher than households in the US, Russia or France.

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JW Mason

@JWMason1

4 months

It's striking how much the focus of centrist criticism of Le Pen and the RN is not on how they will be too harsh to immigrants and Muslims, but on how they will be too generous to French workers.

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JW Mason

@JWMason1

5 months

Jodi Dean, a tenured professor at Hobart and William Smith College, has been suspended from teaching because of a political opinion she posted. Tis is an obvious and blatant violation of the most basic principles of academic freedom.

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JW Mason

@JWMason1

4 months

My newest piece in Barron's. As we debate tariffs on China, let's not forget that Chinese industrialization has led to a much more equal global distribution of income. (Not paywalled - that's just an ad.)

Don’t Root for China to Lose a Green Trade War

The Trump and Biden campaigns are pushing for new trade barriers with China. Both miss the bigger picture, J.W. Mason writes in a guest commentary.

www.barrons.com

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JW Mason

@JWMason1

3 months

This is something I'm struggling with as I read Brett Christophers' book, much of which I quite like. The book is framed as an answer to the question of why the transition to renewable electricity is failing. But the standard it's falling short of is never spelled out.

Jan Rosenow

@janrosenow

3 months

HOT OFF THE PRESS: @IRENA Renewable energy statistics 2024 show 85.5% of new installed capacity in 2023 was renewables (mainly wind and solar). The share of fossil generation of new capacity has been shrinking dramatically over the last decades.

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JW Mason

@JWMason1

6 months

What a fantastic graph from @JosephPolitano , showing both how thoroughly Keynesian the economy is in normal times, and how exceptional the pandemic period was. (I didn't even know this survey existed.)

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JW Mason

@JWMason1

4 months

People talk as though "prices are a little higher than they were a year ago" is an economic fact, while "prices are a lot higher than they were several years ago" is a subjective feeling. But they are both equally factual.

JW Mason

@JWMason1

4 months

One way of making sense of this is that when economists talk about inflation, they mean the change in prices over the past 12 (or sometimes 3) months, but people experience inflation as the change in price over some longer period. It's not obvious why 12 months is correct.

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JW Mason

@JWMason1

8 months

The point of this picture is that the inflation problem in the US is basically solved. But there's also a larger point: There's no such thing as "the" inflation rate. There are just different prices changing in different ways, and a range of plausible ways to summarize them.

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JW Mason

@JWMason1

4 months

An important reminder to all of us: It is possible to say No.

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JW Mason

@JWMason1

4 months

I'm still puzzled why the change in prices over the 12 months is the central concern of macroeconomic policy, worth throwing millions of people out of work for. While the change in prices over the past 24 or 36 months is irrelevant, meaningless, not worth thinking about at all.

JW Mason

@JWMason1

4 months

People talk as though "prices are a little higher than they were a year ago" is an economic fact, while "prices are a lot higher than they were several years ago" is a subjective feeling. But they are both equally factual.

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JW Mason

@JWMason1

2 months

When a government becomes nothing but a debt-collection agency for foreign creditors, it's hard to see how it can continue to exist as a sovereign state.

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JW Mason

@JWMason1

3 months

This is a rule I'd love to see in the US. While gerrymandering is a serious problem, another big problem is that with arbitrary, frequently redrawn districts people simply don't know what district they are in, or who their representatives are.

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JW Mason

@JWMason1

22 days

Next Wednesday at 7pm, the one and only @IsabellaMWeber will be speaking at John Jay College (where I teach) in midtown Manhattan. I think this talk is going to be packed, so if yoiu want a seat, better get there early!

Isabella Weber. Prices, Inflation, and Survival in an Age of Emergencies: Why We Need a New...

johnjayeconomics.org

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JW Mason

@JWMason1

5 months

Here is the text of a long talk on Keynes and socialism that I gave in Chicago a couple of weeks ago. It also functions as a kind of manifesto for the book on money that @arjun_jayadev and I are almost finished with.

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JW Mason

@JWMason1

9 days

100%. I personally think that the current US turn toward protectionism is a bad thing for the world and should be opposed. But free-trade dogmatism is not the right place to oppose it from.

Arin Dube

@arindube

10 days

Economists found it important to circle the wagon when it came to free trade, because anything else would give aid to the barbarians at the gate. This was a deeply unscientific, and more importantly destructive, approach that left lasting scars on the political economy.

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JW Mason

@JWMason1

3 months

I think this is correct, and important. Better to think of "Democrats" simply as a category of elected officials, like "county legislators" or "district attorneys."

Robinson Meyer

@robinsonmeyer

3 months

If Americans want to escape from their current predicament, they need to understand that the Democratic Party — as a decision-making entity independent of the incumbent president — essentially does not exist. The incumbent president’s political apparatus *is* the party.

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JW Mason

@JWMason1

4 months

I can't get over the fact that this is the response to a political protest on an American campus in 2024. And not, you know, a still from a movie or videogame about a near-future dystopian police state.

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JW Mason

@JWMason1

3 months

Glad to see this piece on the New Popular Front from Piketty and Cagé. While most attention has been focused on the gains by the right, the success of a unified left with an ambitious program seems like just as an important story from the French elections.

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JW Mason

@JWMason1

8 days

Here are some macroeconomics teaching notes, on productivity, employment and wages. The content is mostly consistent with what you'd get in any intermediate macro textbook. But the framing is different, and I think better gets at the questions at stake.

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JW Mason

@JWMason1

1 month

My favorite part of Dylan Matthews new back-to-the-90s bit of deficit scaremongering in Vox is this bit, on how we should focus on the debt since all the problems have been fixed now. That's a top tier comfortable middle-aged pundit move there.

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JW Mason

@JWMason1

3 months

Important point. It's always seemed to me that economists focus too myopically on the role of prices in maintaining economic coherence, as opposed to buffer stocks and market makers.

Perry Mehrling

@PMehrling

3 months

The whole point of inventories (i.e. stores) is to absorb temporary mismatch between demand and supply without moving the price.

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JW Mason

@JWMason1

5 months

@skylar_kant Yeah good point.

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JW Mason

@JWMason1

2 months

This is deeply embarrassing for everyone involved.

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JW Mason

@JWMason1

8 months

It's striking how many of the mainstream responses to Isabella Weber have been like this: Not debating her arguments but trying to exclude her from the conversation entirely.

Brian Callaci

@brian_callaci

8 months

One thing that bugs me is Conlon's "greedflation" paper doesn't even cite Weber's work. He just waves off the argument, and chooses to debate a different paper more to his liking.

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JW Mason

@JWMason1

2 months

A lot of the confusion here comes from mixing up national-accounts reasoning with balance-sheet reasoning. Calling lower desired consumption "higher ex ante savings" is confusing but not wrong. But cross-border financial flows have no connection with saving whatsoever.

Michael Pettis

@michaelxpettis

2 months

1/6 It may seem counterintuitive, but fiscal deficits aren't caused by "too much spending". The problem is that high levels of income inequality and net capital inflows have pushed up ex ante savings to levels that exceed the country's investment needs.

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JW Mason

@JWMason1

2 months

@Jonas_Thiel_ Maybe so. But this piece doesn't.

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JW Mason

@JWMason1

1 month

This study has interesting findings on public support for price regulation. But the authors sure seem to have some funny ideas about democracy.

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@JWMason1

4 months

@HeerJeet Well, it seems like what we are doing is threatening to starve a bunch of people if Israel doesn't get what it wants.

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JW Mason

@JWMason1

2 months

This is a very important fact about the world, with quite far-reaching implications, I think.

Joe Weisenthal

@TheStalwart

2 months

5) The unemployment rate basically never stays flat. It's almost always going in one direction or another. Right now the direction is up.

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JW Mason

@JWMason1

2 months

I've thought for a while that one big reason monetary policy doesn't work (anymore?) as the main tool of demand management, is that asset prices respond much more sterongly to the policy rate than real activity does.

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JW Mason

@JWMason1

4 months

Good from Dani Rodrik.

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JW Mason

@JWMason1

5 months

This is an admirable letter. And, a reminder that the suppression of protests is not being done by universities as such, but by specific administrators. The faculty have as much claim to speak for "the university" as the President or Trustees do. Whatever the law may say.

Amy Kapczynski

@akapczynski

5 months

Yale faculty to Yale administration: hands off our students.

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JW Mason

@JWMason1

4 months

How it started / how it’s going

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JW Mason

@JWMason1

6 months

I've mostly dropped out of the inflation debate over the past few months. Catching up now by reading @JosephPolitano and @employamerica . And what I'm learning is that the case that inflation was entirely a matter of transitory supply disruptions is even stronger than I'd thought.

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JW Mason

@JWMason1

27 days

Just listened to @DougHenwood 's interview of @jwdwerner of the Quincy Institute on US-China relations. A breath of fresh air and common sense in the midst of so much jingoistic hysteria.

Behind the News: A Progressive Path for U.S.–China relations

Jake Werner of the Quincy Institute makes his case for what a progressive China policy could look like. Then Gabriel Hetland reviews the record of Colombian pre

podcasts.apple.com

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JW Mason

@JWMason1

7 months

This was a very predictable consequence of higher rates.

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JW Mason

@JWMason1

1 month

I wonder if all of those objecting to limits on food price increases also object to capping the price of insulin at $35. And if not, why not?

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JW Mason

@JWMason1

1 month

As I understand it, this kind of decentralized enforcement was critical to the success of WWII price controls.

Niko Lusiani

@NikoLusiani

1 month

I also think that empowering workers and consumers to be price-gouging watchdogs by encouraging them to file price-gouging complaints to states/FTC would be super-effective at holding companies accountable for fair prices from the ground-up.

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JW Mason

@JWMason1

15 days

Even if, like me, you're more inclined toward a both-and, all-of-the-above response to current housing debates, you'll learn a tremendous amount from this thoughtful and deeply informed critique of the YIMBY position.

Brian Callaci

@brian_callaci

15 days

I too, would like to live in a dense, walkable city. @sandeepvaheesan and I aren't convinced yimbyism gets us there.

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JW Mason

@JWMason1

2 months

There is one foreign government that is clearly interfering in US elections. And it’s not Russia.

Adam Tooze

@adam_tooze

2 months

This is blatant, overt, indeed boastful interference in US democracy, by an organization openly committed to promoting the interests of a country other than the USA.

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@JWMason1

3 months

More to the point: Biden’s lies about seeing (nonexistent) pictures of beheaded Israeli children are no more forgivable than Trump’s lies in last night’s debate.

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@JWMason1

2 months

Biden, Blinken and Sullivan are the dudes pressing the keys into the dead-drunk guy's hands saying, "sure, come on, you can drive fine." They're the crowd who keep yelling "fight! fight! fight!", whether their buddy is about to stomp someone's head in or to get stomped himself.

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@JWMason1

4 months

If you are angry about the Chinese model of industrialization, if you think it is unfair, if you think it is something that demands retaliation from the US, what you are against is the largest rise in poor people's living standards over one generation in human history.

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@JWMason1

8 months

Argentine province responds to austerity by planning to issue its own quasi-currency. No strong views on the merits of this, but surprised not to have heard more about it.

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@JWMason1

1 month

If you took his formulation seriously, you would conclude that price changes are impossible in a market economy. Any change in price will, apparently, cause supply curves to shift until the old price is restored. Obviously he doesn't really think that. He is just bullshitting.

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JW Mason

@JWMason1

2 months

I'm nervous about posting this, but: I'm coming to think that opposition to congestion pricing is a sign it's the wrong tool to reduce driving. Seems at least plausible that arguments against carbon taxes as the main decarbonization tool apply to this particular form of them too.

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@JWMason1

1 month

One of the more striking things about economics is how little connection there is between mainstream policy views and orthodox theory.

Michalis Nikiforos

@mnikiforos

1 month

Even in very mainstream economics (micro and macro), the moment you drop the assumptions of perfect markets/competition etc. price controls are an obvious policy implication. E.g., price controls fit perfectly well in DSGE models because they assume monopolistic competition. 1/4

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JW Mason

@JWMason1

7 months

This is the third time I have used Sven Beckerts' Empire of Cotton as the central reading for my economic history class. And I have to say, every time I am more impressed by it - especially compared with other big histories of capitalism that I've tried.

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@JWMason1

1 month

The question around price-gouging has never been whether the government should limit price increases across the board, but whether it should limit price increases that are disproportionate to changes in costs. It's amazing how hard people work to avoid seeing this distinction.

Jay 🥥🦥 🏳️‍⚧️

@sanosreptla

1 month

@besttrousers I read the case. They were allowed to sell the generators at cost +26% margin. They were sued because they decided to open on a Sunday and claimed they needed to mark up prices a further 52% ($780 -> $1190). I do not necessarily agree that it is bad to disincentivize that.

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@JWMason1

18 days

You could make a case that the central premise of Wealth of Nations is that production takes place under conditions of increasing returns.

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JW Mason

@JWMason1

3 months

Macron called the election for “clarification.” Which is working - it is now clearer where people stand.

Ludovic Subran

@Ludovic_Subran

3 months

A similar thread with « why do I think the econ program of NFP is bad for France » would have sufficed. Second time in a week that Olivier crossed the rubicon in my view and legitimated a RN government, hiding behind rationality and expertise. I’m saddened. Never meet your heroes

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@JWMason1

5 months

Not relevant to the specific point being made here, but this is in general a much better way to contextualize historical dollar figures than the usual approach using price indexes.

Nathan FOIA Tankus

@NathanTankus

5 months

for context 2800 dollars in 1967 was around a touch under 40% the median household income.

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JW Mason

@JWMason1

7 months

"Anti-trust as allocator of coordination rights" is on the very short list of articles that have completely reshaped my thinking on something, such that it's now my default starting point on the topic. Super excited to read this one.

Sanjukta Paul

@sanjuktampaul

7 months

Presenting this chapter (for the first time) @ Duke Law shortly -very excited!!

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JW Mason

@JWMason1

3 months

Outstanding event. We desperately need more conversations like this.

Benjamin Braun

@BJMbraun

3 months

With @MkBlyth we've been preparing this for almost two years, and now we're on: The first ever political economy of finance summer school at the Watson Institute in Providence. @JWMason1 kicked us off, now @DanielaGabor . The input-per-minute ratio has been high so far.

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JW Mason

@JWMason1

17 days

One way of looking at the work by Isabella Weber and her students on systemically important prices, is that it is formalizing and substantiating this insight.

Greg Ip

@greg_ip

17 days

Experience and gut instinct tell me that oil's passthrough effects to core inflation are more pervasive and drawn out than appreciated in real time. E.g. looking at plunge in oil in the last couple weeks, I doubt August rise in airfares will be sustained.

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1 month

I admit I don't get Matt's point here. If it would be possible for a government-owned grocry store to operate successfully while limiting price increases, then it should be possible for private grocery stores to do so also.

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JW Mason

@JWMason1

8 months

Here is a long post laying out 13 big questions about money, drawing on the class on alternative perspectives on money that I taught last fall. It has lots of links.

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JW Mason

@JWMason1

2 months

I'm seeing versions of this a lot in my feed, and I have to admit it confuses me. Isn't China part of the world? Does progress on transition to renewables only count if all countries are moving at exactly the same pace?

Maxine Fowé

@maxinefowe

2 months

There is a growing view that the world is winning the energy transition away from fossil fuels. But we should not confuse the success of the Chinese state in directing investment with a global trend. In 2023, China accounted for 63% of global net additions to total renewables.

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JW Mason

@JWMason1

3 months

Imagine a protest makes no one angry. The people who notice it say, "sure, that's fine, very reasonable, you can do that as much as you want." Was that an effective protest, or an ineffective one?

Malcolm Harris

@BigMeanInternet

3 months

The Just Stop Oil actions are interesting because they provoke the kind of emergency outraged all-hands physical response to an attack on cherished collective things that climate change itself should yield

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JW Mason

@JWMason1

7 months

Here's my latest for Barron's: Thank Full Employment, Not AI, for Rising Productivity. As I often do with these things, it's an attempt to make connections between heterodox theory and the broader policy conversation.

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JW Mason

@JWMason1

2 months

Not sure that "no actually, WE are the mass deportation party" is quite the winning argument for Dems that some people seem to think.

Aaron Reichlin-Melnick

@ReichlinMelnick

2 months

I haven't seen a clip yet, but apparently Tom Homan said at the RNC last night that under Trump "deportations rose to the highest level ever," which this chart clearly shows is not even remotely true.

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JW Mason

@JWMason1

4 months

And to be clear, China has achieved this by rejecting the advice of the IMF and the Washington Consensus in a whole range of areas - strong capital controls, a large share of public enterprises, public control of credit, aggressive countercyclical policy, and so on.

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JW Mason

@JWMason1

1 month

I very much doubt that Furman has forgotten what the term "supply" means in economics. Presumably, he just thinks that when talking to commoners it's ok to throw out whatever nonsense you want.

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JW Mason

@JWMason1

4 months

I don't see why the change in the CPI over the past 12 months is reality, but the change over 15 months, or 24 or 36 months, is just "perception". It seems quite reasonable that fully updating the benchmark for what things "should" cost takes more than a year.

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JW Mason

@JWMason1

1 month

... actually on reflection this is giving Furman too much credit. The textbook story is that when prices go up, *output* goes up. *Supply* is a relationship between price and output, determined by costs of production. There is no reason for price to affect production technology.

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JW Mason

@JWMason1

15 days

This is going to be a very important book. Can't wait to read it.

Lenore Palladino

@lenorepalladino

15 days

shareholder primacy is, when you stop & think about it, an *extremely* odd way to run a productive business enterprise I wrote a book about how to reform economic policy to move beyond it it comes out December 5th from the @UChicagoPress

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JW Mason

@JWMason1

4 months

@BigMeanInternet I think there are a lot of people who genuinely can’t understand how the lives of a few tens of thousands of people in Gaza could be more important than getting the right person to run the FTC.

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JW Mason

@JWMason1

4 months

Wow. Good for Nathan for challenging him.

Nathan FOIA Tankus

@NathanTankus

4 months

I want to a closed screening of "The Commandant's Shadow" last night. By far the most disturbing experience was Auschwitz commandant Rudolf Höss's grandson, Kai Höss, & his Christian evangelism for Israel. You can listen to me confront him in the clip below.

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JW Mason

@JWMason1

4 months

I personally am in favor of liberalizing IP laws. But it’s weird that we’ve gotten to a point where these companies can just copy and paste someone else’s work and sell it, while the rules still exist for the rest of us.

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JW Mason

@JWMason1

1 month

This is 100% right as far as it goes. But we also need to acknowledge how little effect even cutting to 0 will have, especially once a recession is underway. We can’t just talk about what the Fed should do, we need to talk about bringing back Big Fiscal.

Dean Baker

@DeanBaker13

1 month

totally on the money, the risks here are clearly asymmetric at this point. Far more likely problems of labor market weakness than a rekindling of inflation

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JW Mason

@JWMason1

3 months

The test of seriousness for anyone saying Biden should drop out is if the sentence continues "and let Kamala Harris run." Because that is the alternative. Saying that he should drop out in favor of someone unspecified (or an open convention) is just panic and/or wishful thinking.

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JW Mason

@JWMason1

1 month

This is an important and far reaching point.

Sandeep Vaheesan

@sandeepvaheesan

1 month

Obvious to everyone but neoliberals: Stability has many benefits for individuals and households. Thirty-year fixed-rate mortgages give homeowners more secure tenure. Rent control does the same for tenants.

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JW Mason

@JWMason1

3 months

If there aren’t shopping carts full of cow heads on the sidewalk outside your house, do you really live in Brooklyn?

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JW Mason

@JWMason1

2 months

Agree. It's surprising how few people have taken the lesson from the past couple years that policy rate changes do not have a large or reliable effect on demand.

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