Ryan Cummings @weakinstrument Twitter profile

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Ryan Cummings

@weakinstrument

3 months

Me two weeks ago: Tim Walz? Is that the guy in MN who gave kids free breakfast? Me now: the 1999 Mankato High School football team’s power I formation on the goal line was the result of a generational coaching talent whose brilliance clearly carries over to many areas of life.

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Ryan Cummings

@weakinstrument

7 months

I swear all the OG economists had bios like this where they left their job in the soot factory at age 12 to go fight nazis or something. Now every economist bio is like “his father invented oil, while his mother is the D. Warbucks endowed professor of economics at Harvard.”

Oliver Kim

@oliverwkim

7 months

Happy birthday to Albert Hirschman, who would be 109 today. Hirschman—anti-fascist, resistance hero, later a development economist—may be the most interesting person to ever take up the profession. 🧵 and blog post on his remarkable life and work.

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Ryan Cummings

@weakinstrument

4 years

Other advice for 2nd years: for paper presentations, make sure you use Mathpix Snip. It lets you screenshot equations and then automatically produces the underlying LaTeX code for that equation. This literally saved me dozens of hours in my 2nd year.

Ashvin Gandhi

@ashdgandhi

4 years

I've seen surprisingly little #EconTwitter advice for second years, so here's a short thread with three pieces of advice I found helpful when reading papers to prepare for field exams. [1/4]

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Ryan Cummings

@weakinstrument

5 months

Inflation the past three months was 3.11%, 3.17%, and 3.48%. This means that consumers have seen prices increase by 9.75% over the course of just one quarter.

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Ryan Cummings

@weakinstrument

4 years

Reading Stiglitz's new NBER on "pseudo-wealth," which is 1) very good and 2) written in Word with the default font lol. Point 2) brings up the question though of why as a profession we torture ourselves with LaTeX when you can just hit Alt+ in Word to write a LaTeX equation.

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Ryan Cummings

@weakinstrument

4 years

@jasonfurman Where are you getting that the multiplier is close to zero? It’s far from obvious to me that relaxing credit constraints of high income, low wealth individuals would give a multiplier of close to zero.

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Ryan Cummings

@weakinstrument

2 months

1/n Here’s a thread examining what this policy—if you take Trump either seriously or literally—would mean for crude markets and ultimately, gasoline.

Catherine Rampell

@crampell

2 months

Trump has said he will “immediately” fill up the US Strategic Petroleum Reserve if he becomes president in November, a move that could boost oil demand by hundreds of millions of barrels. Has anyone explained to him what this means for prices…?

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Ryan Cummings

@weakinstrument

3 months

Implying the shooter was radicalized by contract theorist Roger Myerson honestly might be one of the funniest things I’ve seen in a while.

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Ryan Cummings

@weakinstrument

1 year

Today was my last day serving as a Staff Economist @WhiteHouseCEA . It was the best job I’ve ever had, with the best colleagues anyone could ever hope for. I will miss it dearly. Now, time to finish the PhD!

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Ryan Cummings

@weakinstrument

6 months

I wanna go on Odd Lots so Joe and Tracy have to admit that for the first time ever, not only do they NOT have the perfect guest, they don’t even have like the 8th best guest to speak on a given topic.

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Ryan Cummings

@weakinstrument

4 years

@Econ_Marshall There will absolutely be a crackdown on protest coordination and activity under the guise of stopping another Capitol Storming, of course applied nearly exclusively to leftist causes.

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Ryan Cummings

@weakinstrument

27 days

I was working in the White House (on gas prices) in the summer of 2022 and buddy, you better believe me when I say if there was a lever that said "LOWER GAS PRICES" that I could have pulled so I wouldn't have to wake up at 5AM to check AAA's website, I would've pulled it.

Rob Schmitt

@SchmittNYC

27 days

You suffered for 3.5 years, and now Gas prices are plummeting. Right before the election. This is how little they think of you.

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Ryan Cummings

@weakinstrument

7 months

Any “Econ 101” model (like this) falls apart when there’s any heterogeneity whatsoever (in preferences, endowments, adjustment costs, etc). Not to say 101 models don’t give us useful frameworks to think about problems but it’s not correct to say they represent reality!

Ilya Abyzov

@IlyaAbyzov

7 months

A lesson in critical thinking I got in undergrad: Econ 1 prof hands us an article about airlines overbooking & offering money at the gate to bump passengers. Article argues we should ban this. Reasoning is that it’s exploitative: poorer people overwhelmingly more likely to get

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Ryan Cummings

@weakinstrument

4 years

@aquariusacquah @micsolana Also the Union is supposed to represent hourly contract workers who are underpaid and don’t have access to the benefits that other enjoy!

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Ryan Cummings

@weakinstrument

10 months

Tricking my nieces and nephews into learning about credit default swaps and rehypothecated collateral.

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Ryan Cummings

@weakinstrument

7 months

A toxic environment that leaves graduate students “a shell of their former selves” is fundamentally incompatible with “good scholarship”; think of all the amazing scholarship we lost because some daddy’s boy with a fragile ego had to beat up on someone with less power than them.

Jon Hartley

@Jon_Hartley_

7 months

Levitt on how the environment at Chicago has changed and how the "toxic" experience for graduate students at @UChi_Economics was far worse than at @MITEcon : "it has changed. And for better and for worse, but I really, I do think it wasn't really a good equilibrium, where Chicago

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Ryan Cummings

@weakinstrument

6 months

1/ @nealemahoney and I are back at it, along with our wonderfully talented colleague @giacomofcr , examining Bad News Bias in gas prices. Using a dataset of over 1.1 million transcripts from 2004-2023, we make several new findings.

Bad news bias in gasoline price coverage

TV coverage of gas prices is negatively skewed and it's only getting worse

www.briefingbook.info

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Ryan Cummings

@weakinstrument

2 months

On the plus side: Walz is a great pick. On the downside: every person you know from Minnesota who won’t shut up about how awesome Minnesota is will now constantly talk about how awesome their governor is. And we’ll have to accept it because they have a damn good point.

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Ryan Cummings

@weakinstrument

4 years

This is such a cool paper--they use folklore* tales from 1,000 societies(!!!) to determine how the shared values represented in the tales affect societies in present day. *All Taylor Swift jokes regarding the title of the paper have already been made.

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Ryan Cummings

@weakinstrument

3 months

Another tragic example of an otherwise normal kid turning to the fringes after they find out that in the presence of asymmetric information the principal will elect to have first best quantities in exchange for an information rent…

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Ryan Cummings

@weakinstrument

4 years

The absolute funniest part of this discourse is "cancel culture" is literally the purest market mechanism you can think of for dealing with societal grievances. There is literally no government distortion involved with what they're complaining about and yet!

Heritage Action

@Heritage_Action

4 years

There are only two options when #CancelCulture comes for you: courage or surrender. Only one will guarantee that our country and freedom survive. #Goya

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Ryan Cummings

@weakinstrument

3 months

Twitter has gotten so good recently b/c it now feels like your local hole in the wall joint: nothing ever works correctly, all your friends show up drunk at 1AM, insane people are constantly screaming nonsense, and the owner is a loser but it’s ok b/c everyone makes fun of him

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Ryan Cummings

@weakinstrument

10 months

@AnthonyLeeZhang Mario Draghi would like a word, Anthony.

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Ryan Cummings

@weakinstrument

1 year

If you are 1) a 2nd year or beyond in an Econ PhD program and 2) a U.S. citizen that is interested in economic policy, this job is unbelievably fun, rewarding, and you will walk away from it with more important JMP ideas than you can manage. Reach out if you want to chat!

Council of Economic Advisers

@WhiteHouseCEA

1 year

The CEA is currently recruiting Staff Economists starting in the summer of 2024. Staff Economists are typically Ph.D. students on leave from programs and are integral members of the CEA team. To learn more and apply, visit our website.

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Ryan Cummings

@weakinstrument

2 months

7/ If you were to use standard elasticity estimates, this would, comedically, raise oil prices to over $2,600/bbl and cause gasoline prices to increase to $61-$96 *per gallon.* Don’t worry, though, the market would just simply break before that happens.

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Ryan Cummings

@weakinstrument

2 months

3/ The Biden Admin has performed 2 significant actions to help ensure inventories don’t go lower: 1) purchasing roughly 43M bbl in the past 2 years. But perhaps even more impressive, 2) they’ve worked with Congress to cancel 140M bbl of mandated SPR sales.

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Ryan Cummings

@weakinstrument

7 months

I have a mustache and it’s easily the most polarizing thing by gender I’ve ever seen. Every dude who sees it is like “hell yeah man, that rocks” while every woman is repulsed by it. One (not going to name names…) even called it “our national nightmare”

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Ryan Cummings

@weakinstrument

2 months

9/ But again, this is all a moot kind of point given the technical considerations of the SPR refill. The Biden Admin is more-or-less refilling the SPR as fast as it can be filled, and btw, making a lot of money for taxpayers on the trade.

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Ryan Cummings

@weakinstrument

8 months

Folks, the data does not lie. Only one of the candidates in the race has a proven record delivering "Dune" films. If you want a third movie, the choice is clear.

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Ryan Cummings

@weakinstrument

2 months

Fin/ More broadly, if the purpose of the SPR is not to respond to global shocks like the Russian invasion of Ukraine, I’m not quite sure what the purpose of it is. Drawing it down was the right decision, as is the current plan to refill it.

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Ryan Cummings

@weakinstrument

4 years

@BrankoMilan “Do as I say not as I do!”-The US

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Ryan Cummings

@weakinstrument

2 months

This appears to be a crucial feature of the Major Questions Doctrine: make regulators so scared that regs will get overturned that they forego public notice+comment engagement and instead privately ask permission to regulate from the firms subject to those regulations.

Jeremy Kress

@Jeremy_Kress

2 months

It appears that Jay Powell and big-bank CEOs are hashing out next steps on Basel Endgame behind closed doors, just like the drafters of the Administrative Procedure Act intended. 🫠

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Ryan Cummings

@weakinstrument

4 years

Damn not a single McKinsey consultant on the Biden transition team 😞☹️🙁😢. Deloitte=top management consulting firm confirmed.

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Ryan Cummings

@weakinstrument

1 month

No worries guys my dictator autocrat friend said I should be in office so I should be president

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Ryan Cummings

@weakinstrument

6 months

2/ First, there is a striking *nominal* inflection point when TV news starts covering gasoline prices: $3.50/gallon. One might expect coverage to be symmetric (very low prices also get high coverage), but we find the media only covers gasoline prices when they’re high.

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Ryan Cummings

@weakinstrument

4 years

@bennpeifert I seriously believe that this most likely occurred as a result of someone from the WH taking the data, putting it in excel, plotting it, fitting a trend, then just clicking a couple times to fit a polynomial that looked “good.” This is where we’re at after ~67K deaths. Good god

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Ryan Cummings

@weakinstrument

1 year

Friend asking me “hey how’s the PhD going? Close to finishing?” [Me, staring off into the distance with a blank look on my face]

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Ryan Cummings

@weakinstrument

2 months

2/ The concern broadly about SPR inventories w/r/t “self-sufficiency” doesn’t reflect the structural change in our energy production; during the last year, we’ve exported almost 50M more barrels than we imported after being net importers for most of our history.

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Ryan Cummings

@weakinstrument

11 months

1/Is consumer sentiment driven by partisanship? New work from me and @nealemahoney finds the answer is in part “yes” via what we call asymmetric amplification. Adjusting for this bias closes 30% of the gap between predicted and observed consumer sentiment.

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

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Ryan Cummings

@weakinstrument

4 years

@BuddyYakov What if it comes full circle and "Stop, hammer time!" was actually encouraging listeners to stop and consider our overly-punitive criminal justice system that gives people a metaphorical hammering as seen through the lens of Discipline and Punishment?

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Ryan Cummings

@weakinstrument

11 months

1/ How much does inflation affect consumer sentiment? @NealeMahoney and I are back at it again and find infl is currently dragging sentiment down by 16pts (relative to target infl). If infl falls to 2.5% by next year, this effect will ↓ by 50% by Oct 24.

Digesting inflation

The impact of inflation on consumer sentiment decays at a rate of about 50 percent per year

www.briefingbook.info

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Ryan Cummings

@weakinstrument

4 years

@IvanWerning Personally I think it has to do with @economeager 's point that a lot of people miss the basics with metrics, and I think Woolridge's twitter is great because he similarly takes a first-principles approach to get people to think about if their basic assumptions are appropriate.

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Ryan Cummings

@weakinstrument

8 months

In addition to being one of the best economists I've ever had the privilege of learning from, Ernie has been a wonderfully kind, outstanding, and generous mentor to essentially every CEA junior staffer from '21-'24. I hope I get the chance to work with him again someday soon!

Ernie Tedeschi

@ernietedeschi

8 months

Today is my last day as Chief Economist at @WhiteHouseCEA . I will miss this beautiful view from my office. But more so, I will miss working with so many dedicated and brilliant people. Serving in this Administration with them has been the privilege of a lifetime. /1

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Ryan Cummings

@weakinstrument

4 months

Another distressing example of wealthy American families finding out that after they account for their consumption and savings, they have literally zero dollars of their income left over.

unusual_whales

@unusual_whales

4 months

JUST IN: More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck, per Bloomberg.

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Ryan Cummings

@weakinstrument

4 years

Shorter me:

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Ryan Cummings

@weakinstrument

19 days

JD Vance's claim that we have underinvestment in natural gas is laughably incorrect. Not only do we have record natural production, but we are in fact producing so much that nominal (!) prices have been higher 92% of the time than they are now over the past ~30 years.

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Ryan Cummings

@weakinstrument

4 years

My 7 year old nephew got an iPad to play games on and figured out how to use it for texting too and so far it’s going great 😎.

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Ryan Cummings

@weakinstrument

1 month

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Ryan Cummings

@weakinstrument

4 years

This is a really interesting and important paper but I hate that there's enough data (from a single state) that made it feasible to write.

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Ryan Cummings

@weakinstrument

4 years

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Ryan Cummings

@weakinstrument

4 years

@JakeMGrumbach Sadly, about 20% of all Americans use their phones as their primary source of internet. I've seen more granular data (I forget where) but I believe for Black Americans it's much higher (somewhere around 30%). Truly unacceptable.

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Ryan Cummings

@weakinstrument

5 months

@DcBikingsafe Hehe I know, it's a joke based off this :):

Florian Ederer

@florianederer

5 months

This should be required viewing for every class on probability.

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Ryan Cummings

@weakinstrument

10 months

@arpitrage Even more impressive when you consider the fact that the route is more than double the distance than DC to Boston, but takes roughly 2/3rds the time--more than 3X efficient! #WeCanDoBetter

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Ryan Cummings

@weakinstrument

4 years

Imo @AnthonyLeeZhang deserves praise for keeping it real. I also think the situation he describes (and is not advocating for!) is so absurd lol. Honestly I don't think it's a good idea anyways to ugrad/masters==>PhD. You should spend some time outside of school before your 30s!

alz

@alz_zyd_

4 years

If you're in a top-10-ish US undergrad, there is a playbook which still gets you a good shot at top-10 econ PhD programs straight out of undergrad (I think it's extremely unfair that this essentially only works for top US programs, but, info is info)

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Ryan Cummings

@weakinstrument

4 years

Friends and Seinfeld both sucked.

rhymes with purple

@GenericBologna

4 years

In 5 words or less, start a fight without politics

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Ryan Cummings

@weakinstrument

7 months

After spending two weeks in Brazil I am prepared to disclose the unbiased and unvarnished truth: The pizza is Brazil is better than the pizza in Italy.

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Ryan Cummings

@weakinstrument

6 months

People who hate student loan forgiveness on the grounds of equity are going to absolutely LOSE IT when they find out about 529 plans!

Bill Ackman

@BillAckman

6 months

Student loan forgiveness sounds great for borrowers overburdened with high interest rate debts they cannot repay. The problem is that the subsidy appears to go principally to more affluent families at the cost of burdening those who didn’t attend college or whose parents saved to

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Ryan Cummings

@weakinstrument

6 months

3/ Second, this nominal inflection point is remarkably steady through time, but this means that the *real* price at which the media begins to talk about gas prices has decreased by nearly 1/3rdover the past 20 years.

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Ryan Cummings

@weakinstrument

2 months

6/ But let’s ignore these constraints and say that Trump “immediately” refills the SPR. The SPR can hold 714M bbl and currently has 375M bbl, so you would need to purchase 338M bbl in a month. So you would need to purchase roughly ~3.5X daily global oil supply.

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Ryan Cummings

@weakinstrument

4 years

@jcbecker93 Try it...just hit "Alt" then "+", and you can type in an equation (using LaTeX code) without having to navigate through the toolbar.

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Ryan Cummings

@weakinstrument

2 months

5/ There is a technical limitation to how fast you can refill the SPR of around 3M bpd. So unless you’re going to create new storage facilities, you simply cannot “immediately” refill the SPR.

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Ryan Cummings

@weakinstrument

4 years

FWIW I worked for 4 years in econ consulting before my PhD and was very glad I did so--I was able to earn a good living and enjoy my 20s in a fun city (DC) while ensuring a PhD was what I wanted to do. Downside was I entered the program having forgotten 90% of my ugrad math lol.

Abdoulaye Ndiaye

@AbdouNdiayeNYU

4 years

Reviewing PhD applications, some candidates with 4-6 years (sic) of RA/predoc experience. The bar is (too) high

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Ryan Cummings

@weakinstrument

5 months

People say economists aren’t actual innovators in the real world? Wrong. We just increased the number of indefatigable online debates by *50%*; I.e., we have 1) Ethics of Pre Docs 2) Efficacy of Real Analysis as a screening tool. AND NOW 3) Ethics of the JMP RCT

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Ryan Cummings

@weakinstrument

5 months

Bellissimo 😙🤌

Ashley Schapitl

@AshleySchapitl

5 months

NEWS: Treasury and the IRS are announcing today that Direct File is here to stay. Direct File will be a permanent, free option to save taxpayers ⏰ and 💵. We are inviting all 50 states and D.C. to join Direct File in 2025. All thanks to @POTUS Inflation Reduction Act. 👏

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Ryan Cummings

@weakinstrument

4 years

@LemieuxLGM Besides the absurdity of Mr. “I’m Just Asking Questions” position, I cannot imagine the unrelenting hell and torture it would be if my career consisted of continuously writing about minor campus controversies at small liberal arts colleges, even if I believed it was important!

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Ryan Cummings

@weakinstrument

2 months

4/ These actions are *economically* equivalent to essentially replacing the 180M bbl drawdown in 2022.

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Ryan Cummings

@weakinstrument

2 months

8/ Of course, this is absurd. So let’s say “immediately” means within a month, spreading purchases out evenly each day. That’s roughly 1.1% of global oil supply in that time, so by the same calcs above, it would raise oil prices by roughly 11%, and gasoline prices by 20-30 cents.

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Ryan Cummings

@weakinstrument

2 months

Projection doesn't only happen in movie theaters folks!

Brendan Duke

@Brendan_Duke

2 months

It’s fascinating how the crypto guys’ immediate explanation for everything is that someone is running a scam.

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Ryan Cummings

@weakinstrument

4 years

@kareem_carr I love that none of them are even remotely trying to engage with what you're saying or try to "prove" you're wrong. And because they can't argue effectively against you they are doing the literal thing they are accusing you of lol.

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Ryan Cummings

@weakinstrument

3 years

My favorite thing to do? Yeah, send a message at random to my family group text, which includes my 5 older sisters, all of whom have kids that are under 9yo saying “you know when you think about it, the pandemic was much harder for people without young children” and just wait

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Ryan Cummings

@weakinstrument

4 years

@steamyporkbuns Besides Mao being a mass murderer, LARPing leftists like this who “love Marx” also ignore the fact that Stalin+Mao and more or less all of the communist Revolution leaders were grifters who completely repurposed and perverted Marx’s thinking to seize power!

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Ryan Cummings

@weakinstrument

4 years

@neoliberal_dad Also a 9% margin is not....thin?

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Ryan Cummings

@weakinstrument

3 years

After living in DC for (cumulatively) 4.5 years, I have finally found an outstanding breakfast burrito. Was becoming convinced such a thing didn’t exist

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Ryan Cummings

@weakinstrument

3 years

Had my second dose of the Pfizer vaccine and the only symptom to report is that I had a dream last night that I forgot to turn in a final paper in EIGHTH GRADE and thus my entire education had been voided and I could never finish my PhD. Yes, I am blaming the vax for this one.

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Ryan Cummings

@weakinstrument

5 months

This is an incredibly refreshing—and convincing—paper. Too much of the discussion about the Fed involves their inflation mandate, and not enough about their other (equally important!) mandate. They show that the socially efficient UR=4.1%, and is stable over time.

Pascal Michaillat

@pmichaillat

5 months

The US government is mandated to maintain the economy at full employment. But what is the full-employment rate of unemployment (FERU)? In this paper, which we have just revised, we argue that in the US the FERU is given by u* = √uv.

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Ryan Cummings

@weakinstrument

11 months

A rule of thumb that has served me well: When Fabio talks about the history of economic thought--particularly in macroeconomics--it's time to sit down and listen.

Fabio Ghironi

@FabioGhironi

11 months

Good old Canzoneri-Henderson 1991. Still much better than an avalanche of fancy stuff to explain the risks of excessive contraction if central banks do not cooperate in responding to an inflationary shock. Don't read only less-than-five-year-old lit. Don't read only top 5.

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Ryan Cummings

@weakinstrument

4 years

For what it's worth, @ProfTGilbert and co have shown large firms (including Apple and Microsoft) routinely invest their earnings in risky assets, in some senses operating more as hedge funds than whatever their core business is.

Bloomberg

@business

4 years

Tesla invests $1.5 billion in Bitcoin and says it plans to accept the cryptocurrency as a form of payment, sending prices to a record

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Ryan Cummings

@weakinstrument

4 years

@lavaredmonds “Wow this paper on Greta totally suffers from reverse causality! Anyways here’s my paper on the post-reconstruction south where my null hypothesis is that discrimination against black people is not present.”

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Ryan Cummings

@weakinstrument

9 months

Really interesting work by the fantastic @I_Am_NickBloom , finding that return to office mandates are often driven by CEOs of poorly-performing firms who are under pressure.

Nick Bloom

@I_Am_NickBloom

9 months

New paper studying the impact of 137 Return to Office mandates on S&P500 firms from 2020-2023. Three key results: 1) RTO mandates are more likely in firms with poor recent stock performance, and in those with powerful male CEOs. 2) Glassdoor data finds RTO mandates

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Ryan Cummings

@weakinstrument

4 years

We really have to collectively decide whether or not we’re a high trust or low trust society. Given the disaster that the vaccine rollout has been, I’m happy WA is taking the lead on trying some combination of good faith+social shaming for people who violate that trust.

Scott Lemieux🥥

@LemieuxLGM

4 years

WA's apparent plan to rely on the honor system and accept that some assholes will skip the queue seems obviously preferable to slowing things down for everybody to try to ensure perfect compliance

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Ryan Cummings

@weakinstrument

8 months

Chuck.

Chuck Grassley

@ChuckGrassley

8 months

Welcome 2Pres Biden’s America where the fed govt chooses energy dependence over energy DOMINANCE AND INDEPENDENCE

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Ryan Cummings

@weakinstrument

7 months

@DanielHornung46 @ernietedeschi @WhiteHouseCEA @mtkonczal This is responsible governance.

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Ryan Cummings

@weakinstrument

3 years

“The median [time to complete an econ PhD] was 7.5 years” 😬😬😬

David Wessel

@davidmwessel

3 years

Who earned PhDs in economics in 2020? Gleanings from the NSF's Survey of Earned Doctorates via @BrookingsInst Hutchins Center #econtwitter

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Ryan Cummings

@weakinstrument

3 months

This is legitimately one of the worst economic policy ideas I have ever seen. There is no economic justficiation for this whatsoever. It would simply be a direct transfer from taxpayers to crypto speculators.

Eleanor Terrett

@EleanorTerrett

3 months

🚨SCOOP from me and @CGasparino : Wyoming Sen. Lummis plans to announce legislation for Strategic Bitcoin Reserve at Nashville conference The hope is that @realDonaldTrump will endorse the bill and the idea behind it at @TheBitcoinConf this weekend.

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Ryan Cummings

@weakinstrument

3 years

If you decided to pursue a PhD so you could force people to call you “doctor” or “professor” you really, really chose this path for the wrong reasons.

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Ryan Cummings

@weakinstrument

4 years

@LemieuxLGM This is especially relevant because besides all the accounting fraud there was also a lesser known scandal where they were manipulating derivatives in power markets in CA which lead to the CA energy crisis of the early aughts!

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Ryan Cummings

@weakinstrument

4 years

@daveweigel ni---and I cannot emphasize this last part enough---ce

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Ryan Cummings

@weakinstrument

4 years

Just a reminder that a large part of Chicago's credit distress comes from the fact that they have had to pay well over *half a billion dollars* in attorney fees and settlements since 2011 for police misconduct.

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Ryan Cummings

@weakinstrument

4 years

@notsocialfatman You can also do this in word, albeit not for the figures themselves. But if you use insert=>Cross reference the numbering/references will all automatically update. But there are definitely some advantages to LaTeX, no doubt, I just think overall Word is more efficient.

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Ryan Cummings

@weakinstrument

4 years

Whoa! This is the 1996 Bulls of Balance of Payments research and commentary. Cannot wait for this.

JAIN FAMILY INSTITUTE

@jainfamilyinst

4 years

Geoeconomics and the Balance of Payments August 13, 10am – 12pm EST with: @adam_tooze @MonaAli_NY_US @DanielaGabor @izakaminska @M_C_Klein @JWMason1 @michaelxpettis @Brad_Setser @jonsindreu @colbyLsmith @NathanTankus Sign up here:

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Ryan Cummings

@weakinstrument

4 years

@hakeemjefferson If you do, you could call it “Reading Beyond The Abstracts,” which is something he clearly does not do

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Ryan Cummings

@weakinstrument

3 months

I think there’s plenty of reasonable critiques to make of Biden’s presidency but one thing I think that’s under-appreciated is the gap between actual performance and *what would have happened if Trump got re-elected in 2020.* Possibly one of the GOAT value-adds.

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Ryan Cummings

@weakinstrument

6 months

I believe that the appropriate baseline y-axis range for a chart is roughly the minimum and maximum of a series over the window you're plotting.

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Ryan Cummings

@weakinstrument

19 days

@JStein_WaPo Senator, Governor, if we don't have common sense, then EXPLAIN THIS.

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Ryan Cummings

@weakinstrument

4 years

@BrankoMilan I’m very confused by this—you think someone who wants to study inequality/populism/discrimination is unoriginal while contemporaneously believing that there’s a wide number of very fruitful/interesting questions to study?

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Ryan Cummings

@weakinstrument

3 years

Someone on the corner of 14th and Rhode Island was on the phone and said “Yeah, I mean, legally, we’re in compliance with the Human Rights Act. I think.” Don’t know what that was about but im pretty sure that’s something you want to be 100% on!!

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Ryan Cummings

@weakinstrument

2 years

It is with an extremely heavy heart that I must report to all of you some distributing news that I’ve recently learned. People in #business are now saying “double-click on that” to mean “expand upon.” The term is coming, and there’s nothing you can do—make peace with your god.

Chekhov’s Gundam

@alandorowski

2 years

me when people say “double-click on that” to mean elaborate

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Ryan Cummings

@weakinstrument

2 months

Ozempic will *almost* certainly be on the list of drugs up for negotiation in this next cycle (being announced b/n Oct 24-Feb 25) . Its current list price is roughly $15,000/yr. If you want cheaper access to GLP-1s, the IRA’s prescription drug negotiating authority is critical.

Bobby Kogan

@BBKogan

2 months

The Biden-Harris administration gave Medicare the ability to negotiate drug prices. The first result is in, lowering the price of these drugs 38-79%, saving both consumers and the government money. All Republicans voted against this. Republicans have vowed to repeal this power.

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Ryan Cummings

@weakinstrument

4 years

It legit blows my mind every time I think about how “peer review” is done for legal academia. How is it possible that the legal academy has accepted an equilibrium in which some precocious 25 year old gives you a desk reject lol?

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Ryan Cummings

@weakinstrument

4 years

Hedge Fund managers would also be seriously and directly owned if you eliminated the carried interest loophole.

Sophie Hill

@sophie_e_hill

4 years

folks, if you really want to make the hedgies suffer, let me introduce you to my friend... capital gains tax

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