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caseybmulligan

@caseybmulligan

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You're Hired! Untold Successes and Failures of a Populist President is "an insightful, honest, book A MUST READ for anyone interested in the Trump White House"

same handle on gettr
Joined December 2010
Don't wanna be here? Send us removal request.
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@caseybmulligan
caseybmulligan
4 years
SAD: Look at this Cook County chart. I had estimated that pandemic increased opioid overdoses by 20%. Maybe a good number for late Mar or early Apr, but by May: 40%. 1/4
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@caseybmulligan
caseybmulligan
2 years
The Young were not Spared: What Death Certificates Reveal about Non-Covid Excess Deaths with Rob Arnott, 2022 Medical journals tried to suppress these findings and succeeded, until now. This health emergency continues. @DrJBhattacharya @TracyBethHoeg
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@caseybmulligan
caseybmulligan
3 years
Did anyone notice the implicit marriage tax in section 23001 of BBB? Could easily be $20K/yr that a couple has children under 5. How is that Building Back Better? More marriage taxes in other sections.
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@caseybmulligan
caseybmulligan
2 years
Well written and interesting piece. Ends with well-deserved acknowledgement of @DrJBhattacharya @MartinKulldorff
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@caseybmulligan
caseybmulligan
3 years
Here is our government ( @FDA ) slandering its citizens, ignoring its own findings in order to describe many of them as animals. According to the @FDA 's own Orange Book, Ivermectin (tablet) has been approved for HUMAN use since 1998. By 2014, it was available in generic form. 1/2
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@caseybmulligan
caseybmulligan
2 years
Oops
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@caseybmulligan
caseybmulligan
2 years
How quaint! Way back in 2008 the ACLU opposed "punitive, police-state tactics, such as forced examinations, vaccination and treatment, and criminal sanctions for those individuals who did not follow the rules." @DrJBhattacharya
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@caseybmulligan
caseybmulligan
9 days
I'll let others argue the effect of inflation on housing costs. Here are 16 other ways that Biden-Harris made new houses more expensive, whether owned or rented. They tightened regulations on: microwave ovens (88 FR 39912), conventional ovens (89 FR 11434), 1/3
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@caseybmulligan
caseybmulligan
2 years
These new estimates of school-closure costs are remarkably close to what I predicted in April 2020, which was that 1.5 academic years on Zoom would cost 0.75 years of learning, worth about $32K PER STUDENT. published version:
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@caseybmulligan
caseybmulligan
2 years
Chicago Thinkers! ⁦ @ThinkerChicago
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@caseybmulligan
caseybmulligan
3 years
What exactly did stay-at-home policies accomplish? A new study finds more virus spread inside homes than work places. via @WSJOpinion @MaryAnastasiaOG
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@caseybmulligan
caseybmulligan
3 years
How do you accidentally cheat on the y scale? I don’t know any software that would do this automatically
@WhiteHouse
The White House
3 years
We just learned that President Biden’s first year in office was the strongest year for economic growth since 1984.
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@caseybmulligan
caseybmulligan
3 years
"I have been shocked at the enormous power of government, to unilaterally decree, to simply close businesses & schools by edict...without any end and little accountability." Me too. This part was totally absent from CEA's 2019 report on pandemics.
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@caseybmulligan
caseybmulligan
12 days
If only there were an equilibrium presentation of price controls. Even better, with grocery ceilings as a leading example. Oh wait ... forthcoming in Public Choice.
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@caseybmulligan
caseybmulligan
2 years
@DrJBhattacharya It's worse -- the panic and disruption made it more expensive/difficult to cope with chronic conditions. Those conditions got worse and sometimes ended in death. I estimate the annual rate of nonCOVID deaths has been elevated 100K since April 2020. Plus other sacrifices. 1/2
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@caseybmulligan
caseybmulligan
3 years
At least one Congressperson thinks that the bonus is $300/month. No, it's $300 per week. Not an important detail to her -- it's not her expense -- it's ours.
@IlhanMN
Ilhan Omar
3 years
The interests of big business are at war with the interests of the working class. They will spend millions of dollars to take $300 a month away from you and your family, to force you to work for them for pennies. Their greed has no bounds.
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@caseybmulligan
caseybmulligan
2 years
It arrived!!
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@caseybmulligan
caseybmulligan
10 months
Loyalty oaths have arrived in Economics. Thomas Sowell need not apply.
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@caseybmulligan
caseybmulligan
4 years
How to get published in the @nytimes : crop the data and then conclude that gas is failing when it falls short of 9X wind. Don't mention that it is normally 1.4X. @veronica_penney why did you start your chart on Feb 11? [ht to @JoeBalagtas ]
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@caseybmulligan
caseybmulligan
1 month
6 years ago we at CEA45 released a report on how central planning and other aspects of socialism were making a comeback in the U.S. It was widely mocked as an irrelevant fever dream.
@POTUS
President Biden
1 month
I’m sending a clear message to corporate landlords: If you raise rents more than 5%, you should lose valuable tax breaks. Families deserve housing that’s affordable – it's part of the American dream.
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@caseybmulligan
caseybmulligan
3 years
Nursing homes have been doing something right this year. Biden's vaccine mandate for NH staff "fixes" what is not obviously broken, with potentially more than 1/3 of nursing home staff having to leave their positions. The positions are important inputs in producing longevity.
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@caseybmulligan
caseybmulligan
4 years
First-class labor economist and cofounder of STATA, Finis Welch, has died unexpectedly. The @uchicago PhD showed how unemployment benefits are a subsidy for layoffs, how modern agriculture is education intensive, and much more.
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@caseybmulligan
caseybmulligan
2 years
I'm confused -- are we talking about the 3rd derivative of the price level or the 4th?
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@caseybmulligan
caseybmulligan
20 days
Price controls --> discrimination. From my forthcoming Public Choice paper and, of course, Demsetz 60 years before.
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@kerpen
Phil Kerpen
20 days
The Biden-Harris administration and Tim Walz worked together to racially allocate monoclonal antibodies, denying whites lifesaving treatment because of their race. FDA prohibited this under Trump. They allowed it under Biden-Harris starting May 2021 and Walz implemented it.
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@caseybmulligan
caseybmulligan
4 years
When Argentina regulates retail beef prices, the non-price attributes of beef change dramatically. When USA regulates the price of job, why wouldn't the non-price attributes of jobs change dramatically? Do jobs have too few non-price attributes? Argentina pic from this week
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@caseybmulligan
caseybmulligan
5 years
Chicago Price Theory by Jaffe Minton Mulligan Murphy
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caseybmulligan
4 years
When we asked our restaurant employees to come back, almost all said, ‘No thanks.’ If they return to work, they’ll have to take a pay cut, writes Kurt Huffman via @WSJ
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@caseybmulligan
caseybmulligan
3 years
USSR had “Scientific planning” while the USA — foolishly, Samuelson said — let chaos take its course. Such assertions still appeared in the 1989 edition, coauthored with Nordhaus by then.
@Jon_Hartley_
Jon Hartley
3 years
On the topic of Russia, beginning in the 1961 edition of his famous "Economics" principles textbook, MIT economist Paul Samuelson famously predicted that the USSR GNP/GDP would eclipse that of the United States by the end of the 20th century. Never quite panned out.
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@caseybmulligan
caseybmulligan
4 months
Yes in Europe too. This has always been a major theme in my public Econ course. What about regulation? Certainly COVID regulation was in that direction.
@CPopeHC
Chris Pope
4 months
The welfare state mostly redistributes from young to old, rather than from rich to poor.
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@caseybmulligan
caseybmulligan
4 years
"Blended learning appears to have become accepted as a foregone conclusion for US schools, with little acknowledgement of how radical it is."
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@caseybmulligan
caseybmulligan
2 years
Since Trump left office, U.S. oil production has fallen at least 10 percent relative to Canada and Russia. Why do they get to increase their production in response to high oil prices and we don't? Another way is to look at the state of supply -- U.S. is almost 2 MMB/D short.
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@caseybmulligan
caseybmulligan
3 years
@DrJBhattacharya They also forget that meeting other people is why we’re are 1000X more productive than cave men… more productive at just about everything, including disease prevention.
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@caseybmulligan
caseybmulligan
1 year
With externalities, there can be a third way between uncoordinated individual action and state action. From my first public finance class, I wanted this idea better integrated with the rest of the PF. 20 years later, here is a step in that direction:
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@caseybmulligan
caseybmulligan
9 days
furnaces (88 FR 87502), boilers (88 FR 60152), heat pumps (89 FR 44052), lamps (89 FR 28856), and light bulbs. 3/3
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@caseybmulligan
caseybmulligan
4 years
Big sample. Because there cannot be negative cases, a Bayesian must conclude that in-person instruction makes students, teachers, and staff safer. And of course better learning.
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@caseybmulligan
caseybmulligan
4 years
CDC study finds 1 case in school transmission for each 10270 person weeks. To put that in perspective, that is 285 years of schooling to at best avoid one case. Enough to send 13 people from K to med school diploma! 1/2 via @CDCgov
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@caseybmulligan
caseybmulligan
3 years
The lexicon evolves. “Follow the science” now means “pull something out of thin air to make your donors happy”
@jeffreyatucker
Jeffrey A Tucker
3 years
Wow, NYT, after a full year, admits this.
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@caseybmulligan
caseybmulligan
4 years
"Trump’s Economy Really Was Better Than Obama’s" says @karlbykarlsmith
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@caseybmulligan
caseybmulligan
2 years
Refreshing to see Econ prof against competition. Excellent rhetorical trick: even without any externality it gives the appearance of one—those darn competitors harming rivals. He is 100% correct that competition undermines supplier objectives, whether profit or something else.
@mushfiq_econ
Mushfiq Mobarak
2 years
Yale or any one institution cannot easily introduce such a "conditional Ph.D. grant program" alone, because applicants will flock to competitors (Chicago, Stanford, Berkeley...) that offer unconditional grants. Changing equilibrium requires coordination - hence this tweet🧵 [7/7]
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@caseybmulligan
caseybmulligan
4 years
Before dismissing out of hand, can we at least consider the idea that schools are better open regardless of how many COVID cases are in the community? France not only considers, but embraces.
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@caseybmulligan
caseybmulligan
9 days
stovetops (89 FR 11434), refrigerators (89 FR 3026), freezers (89 FR 3026), washing machines (89 FR 19026), dish washers (89 FR 31398), clothes dryers (89 FR 18164), water heaters (89 FR 37778), air conditioners (89 FR 44052), ceiling fans (88 FR 40932) 2/3
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@caseybmulligan
caseybmulligan
2 years
When Steve Jobs spoke truth to President Obama. Obama would head decisively in the other direction (much more business regulatio, more deference to teacher union). Source:
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@caseybmulligan
caseybmulligan
4 months
Please sign . Remember: the protesters demand violations of the Kalven Report, which is @Uchicago 's exceptional and distinctive doctrine of institutional neutrality. They could have attended one of the 1000s of other Kalvenless universities and colleges,
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@caseybmulligan
caseybmulligan
4 months
"Remember when progressives said the Trump Administration’s rollback of net neutrality would break the internet? FCC Chair Jessica Rosenworcel now concedes this was wrong, yet she plans to reclaim political control over the internet anyway"
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caseybmulligan
1 year
Aged well: My 3 reasons in 2020 to have schools open -schools are overwhelmingly young people -schools & employers have more supply and demand for prevention than households, due to the size difference -Bayesian: open the schools and count cases. Adjust if there are surprises
@Econlib
Econlib
1 year
When there's no vaccine on the market, people will look for other ways to be safe, including school closures and the handwashing of groceries. @caseybmulligan talks with @EconTalker about what we learned and failed to learn about the #Covid pandemic.
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caseybmulligan
4 years
33,904 COVID-19 tests given this quarter at @uchicago . 33,826 negative. 78 positive. Of course, members of our community have to be SOMEWHERE and doing SOMETHING. Having @uchicago campus open for research and learning likely reduced cases and saved lives.
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@caseybmulligan
caseybmulligan
2 years
Even funnier now that democratic socialists have started us on the path
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@caseybmulligan
caseybmulligan
4 years
Either inept — unwittingly taking actions undermining own goals — or lying about those goals.
@AlexThomp
Alex Thompson
4 years
Harris pressed by @SavannahGuthrie on whether it was a mistake for CDC guidance to tie community infection and school Re-openings. Harris: “what they have recommended are exactly that: recommendations”
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@caseybmulligan
caseybmulligan
3 years
Replace famine w inflation and you have ⁦ @SenWarren ⁩ ⁦ @JoeBiden ⁩ “One of the first steps Mao took when he could no longer deny the extent of the famine was to blame it on class enemies.” Cultural Revolution by Frank Dikötter
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@caseybmulligan
caseybmulligan
4 years
Big vaccine news today. @realdonaldtrump 's WARP speed program, which closely followed 2019 @WhiteHouseCEA report. MSM says that he does not "follow the science" but this may be the most social value ever delivered by a president following the science.
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@caseybmulligan
caseybmulligan
5 months
Prices and Policies in Opioid Markets | Journal of Political Economy just accepted Two necessary & almost sufficient conditions for me to write this paper: TheoryGuru () and working with @WhiteHouseCEA45 team on opioid economics.
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@caseybmulligan
caseybmulligan
3 years
Of course, stigmatizing off-label prescribing is a tool for increasing @FDA 's power without any Congressional action.
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@caseybmulligan
caseybmulligan
4 years
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caseybmulligan
3 years
Yet another instance where Trump is telling experts “I told you so!” Speedy pandemic vaccine innovation was a Trump project before COVID arrived but the “experts” weren’t paying attention.
@kerpen
Phil Kerpen
3 years
Remember how CNN framed it when Trump and Atlas correctly predicted vaccine general availability by April?
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@caseybmulligan
caseybmulligan
2 years
Could @paulkrugman have told us before that "Biden boom" means historic drop in real wages?
@paulkrugman
Paul Krugman
2 years
Yep. It's almost a ... Biden boom. Inflation has been a huge problem, but there has been a remarkable recovery in jobs.
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@caseybmulligan
caseybmulligan
4 years
The $600 UI bonus expired almost 4 months ago. @paulkrugman , can you tell us when to expect that "more than 4% GDP" hit you promised?
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@caseybmulligan
caseybmulligan
3 months
@TracyBethHoeg Here is an update on three categories . Pandemic disruptions are a “gift” that keeps on giving.
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@caseybmulligan
caseybmulligan
3 years
@kerpen @open_the_books Yes massive civil penalties are loved by the agencies so they don’t have to perennially ask congress for money. Trump ended that practice as part of the deregulation agenda, but of course Biden stands for the opposite.
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@caseybmulligan
caseybmulligan
3 years
More evidence that something miraculous happened in red labor markets June & July that did not happen in blue states, or in any state in other months. But that miracle has nothing to do with UI and we should not expect blue states to experience it in Sept or Oct.
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@caseybmulligan
caseybmulligan
3 years
Whether effective for COVID, or safe in all dose sizes (what is?) is another issue. If they want to say "COVID is not a parasite", fine. Now MDs deciding, in patient's interest, to off-label Rx risk being stigmatized as treating patients like animals.
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@caseybmulligan
caseybmulligan
3 years
Need help seeing into the future? Take economics @UChicago ! Here is the homework 1st year PhD students were assigned on tariff quotas, due Oct 16, 2020. The future arrived yesterday.
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@caseybmulligan
caseybmulligan
2 years
Real wages are tanking while government program participants have automatic pay raises coming. SNAP just got a 12 percent increase this month. Medicaid, Obamacare, SSDI, etc come Jan 1. Remind me over the next few months to act puzzled why people are not getting back to work.
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@caseybmulligan
caseybmulligan
1 year
Chicago Price Theory users: Pls DM if you can write Princeton Press RE new edition. New chapters in the works combining existing tools to address important applications Eg, excess burden (crime, disease) personal increasing returns (much behavior is human capital in disguise)
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@caseybmulligan
caseybmulligan
2 years
IMO a naive and deeply flawed, but common, rationale for touting legislation that you haven’t read is “the intentions are good; we can fix the bad parts later.” Today I must admit that it took Congress less than 2 weeks to fix a flaw in the IRA — the fraudulent title! It's gone
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@caseybmulligan
caseybmulligan
2 years
To his credit, everyone else on the @nytimes opinion page agrees not to mention their mistake about schooling, which is the biggest they know about, with no close 2nd place.
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@caseybmulligan
caseybmulligan
3 years
No data overlap between my study and theirs, but same conclusion: "[in-person] teachers and their household members were not found to be at increased risk of hospital admission with covid-19 and were found to be at lower risk of severe covid-19."
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@caseybmulligan
caseybmulligan
12 days
Wolfers attains new levels of ignorance . Read the true story in
@JustinWolfers
Justin Wolfers
12 days
"The list of economists who've said they will willingly serve under Trump is the least impressive list of economists in history." Trump's going to make up policy on the fly, and he doesn't have a remotely competent econ team. No serious Republican economist will work with him.
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@caseybmulligan
caseybmulligan
3 years
Bayesian sarcasm
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@caseybmulligan
caseybmulligan
3 years
George Tolley passed away early this morning at the age of 95.  George was a Chicago economist through-and-through. He started as agricultural economist but soon switched to urban economics because, of course, urban had become more important!
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@caseybmulligan
caseybmulligan
3 years
The Dallas Fed just released its real-time labor market survey. It shows LESS employment in May survey week than in April survey week. One of the biggest drops in months. Most of the world won't notice until jobs day June 4; Biden fans have 14 days to rehearse their excuses.
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@caseybmulligan
caseybmulligan
9 months
As of now, the most likely candidate to win WH 2024 is DJT. Why not get to know how he really governs, from a nonpartisan, rigorous and entertaining source? On sale $4 hardcover, $2 ebook!!! Excellent #xmasgift !
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@caseybmulligan
caseybmulligan
3 years
Life years lost by gender and cause. Each fatality x gender is assigned remaining (i.e., conditional) life expectancy from the 2019 life tables. Each drug fatality has almost 3X the life years as each COVID. Source: CDC Wonder
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@caseybmulligan
caseybmulligan
3 years
This must be from the Onion, not from an official government site.
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@caseybmulligan
caseybmulligan
10 months
Friendly reminder: "government SPENDING" is not part of GDP. Government purchases are.  The difference is transfers + interest.  Most government spending is not purchases. Positive analysis should not lump together types of G spending that are VERY different in their effects.
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@caseybmulligan
caseybmulligan
2 years
Cmon @paulkrugman , is being wrong about inflation even 1/100th as consequential as being wrong about 70 million children?
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caseybmulligan
1 year
Modern Hester Prynnes get the mask. I thought there had been some progress since 1649, but many of us would rather have wear a letter on the shirt.
@DrJBhattacharya
Jay Bhattacharya
1 year
Here's the full text of the form @UofCalifornia students have to sign to opt out of the vax 'recommendation'... The University of California recommends that all members of the community, except those who have had a severe allergic reaction to a previous dose of the COVID-19
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@caseybmulligan
caseybmulligan
2 years
@MikkoPackalen @DrJBhattacharya @BarackObama From March 2020 I cited the very large costs of closed school while questioning the purported benefits. and even questioned Oster when she recommended FL close and CT open e.g,
@caseybmulligan
caseybmulligan
4 years
@paulkrugman Moore's CTUP has from the beginning lead the evidence-based charge to get children back in school: both safer (in terms of virus) for all involved + much better learning. I am proud to associate with that, & wish that more economists had joined early.
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caseybmulligan
8 months
When I was at CEA, some of POTUS’ opponents were running White House documents through plagiarism checkers. CEA was contacted , accused of writing “in the style of Hassett and Mulligan”. Big scandal!
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caseybmulligan
3 years
It was @llborio who, long before COVID-19 arrived, asked @WhiteHouseCEA to look at the economics of pandemics. She had been warning about pandemic threats. A 2019 Trump exec order concluded from this work that "vaccination is the best defense." Next came Operation Warp Speed.
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@caseybmulligan
caseybmulligan
3 years
@EWoodhouse7 @kerpen I have been tracking 0-17 and also through 2021-H1. IMO the major factor here is that adults had stimulus + UI and they bought up all the heroin and 2nd-hand prescriptions, which left child (and many adult) users with more deadly fentanyl and analogs.
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@caseybmulligan
caseybmulligan
2 years
I said from the beginning: teacher unions very much want selective “elearning”. The contract with public schools is that all kids in the district get taught, even the difficult ones. Selective elearning allows unions to renig on that, of course, without any commensurate pay cut.
@KUSINews
KUSI News
2 years
Mask mandates are back for @SDSchools students. For students who feel uncomfortable wearing a mask, SDUSD President Sharon Whitehurst-Payne suggests not returning to school at all. Full Interview:
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@caseybmulligan
caseybmulligan
2 years
Huh? What about the productivity plunge? Headwinds in housing construction (Leamer said Business Cycle = Housing)? Crowd sourcing? : Cons confidence & stock market I don't say recession for sure but she insists that ZERO such indicators exist.
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caseybmulligan
3 years
"More people work when the feds stop paying them not to work. ...job growth picked up in industries in which employers said jobless benefits were making it harder to hire." via @WSJOpinion
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@caseybmulligan
caseybmulligan
4 years
Here is a picture that should be censored to help keep minds safe.
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@caseybmulligan
caseybmulligan
4 years
Biden and Harris are either deeply confused or lying about schools, a subject where we all have ample knowledge sources. Would we be chumps to trust them on national security, endless wars, etc., where most of the knowledge sources are "redacted for national security reasons"?
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@caseybmulligan
caseybmulligan
2 years
Many @UChicago alums back to campus to celebrate @UncertainLars ' 70th birthday. As they too accomplish great things, they give a lot of credit to his mentorship. When I was 21, several advised "go to @UChicago -- the only place to study with Hansen". I listened ... so true!
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@caseybmulligan
caseybmulligan
3 years
I’ve been waiting over a year for a @Uchicago Lab School teacher to step up, like this CPS teacher did, & say that shutting kids out of schools is wrong. Did I miss it? For that matter, will a @Uchicago professor or administrator say it? @thinkerchicago
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@caseybmulligan
caseybmulligan
2 years
Being in the UK reminds me how expensive cell service is in USA. Uk: 100 GB data for $36. USA be lucky to get 20GB for that price. Regulation is a major source of the price gap. Biden could save families a lot on their cell service by deregulating, but won’t. 1/2
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@caseybmulligan
caseybmulligan
2 years
Krugman has a point that life expectancy may not continue inexorably upward. LE began falling in the Obama years as fentanyl took permanent hold. Encouraging lawlessness in our cities has a similar effect on LE (homicide and traffic). Canada also has a new policy to reduce LE.
@paulkrugman
Paul Krugman
2 years
Yes, costs will rise. But we don't have to cut benefits
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@caseybmulligan
caseybmulligan
1 month
I saw government cover up fatal errors. Will Secret Service errors be the same? Coverups are more successful w bipartisan policy errors, as w opioid policy. Otherwise party competition brings some sunlight. Opioids became public because DJT was not a politician or bureaucrat
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@caseybmulligan
caseybmulligan
2 years
At best union tactics give members a short run benefit, when their counterparties' behavior is price inelastic. Long-run elasticities are greater. Look at seafarer union over 100 years (employers disappeared), or teacher unions over a shorter time frame.
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@caseybmulligan
caseybmulligan
6 months
The conventional model of price controls is incoherent and self-contradictory. But there is a simple supply-demand alternative:
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