Jonathan A. Parker
@profjaparker
Economist. Evidence-based economics and finance, humor, and frustration with extremism and divisiveness. to verify that this is me.
Gotta say MIT, this App version does bot come close to Christopher Nolan’s movie or Lattimore's translation
Republican plan to “starve the beast” is, so far, an utter failure, as MAGA Republicans keep finding stupider and stupider things to spend even more of our money on.
Given these facts, the variation in wellbeing across most countries is driven not by their innovativeness, but by their ability to adopt the tech and inventions and ideas from the innovative leaders. The paper has a nice model that can quantify this more precisely.
Since 1500, world tech has been driven by innovation in two counties with smallish shares of world GDP (and some by France and Germany). The vast majority of improvements in human wellbeing have been based on the innovations of a few countries.
Loved the facts in this EFG paper, a thread. conference.nber.org/conf_papers/... First, over the span of human history, innovation is concentrated in certain countries, and much more so than GDP or population
Past economic evidence from other counties suggests that this is bad news for U.S. productivity. But in the U.S. might it be good for new companies and economic mobility?
A bit worrisome since this debt is big and sits in pensions and who knows where . . . www.apollo.com/content/dam/...
In case you didn’t know, San Fran launched fireworks from the Golden Gate Bridge for first time in like 50 years, and it was LOL — basically you could see them go up, disappear into the fog, and then the fog would turn red white and blue for a little. Still a good boom!
This in insane. The criminal justice system needs by law to evaluate if someone was reckless. Is there a team of programmer to be evaluated and possibly tried for manslaughter? Do the police have any capacity to handle this? Is it just ok to kill someone like this? Hard questions that need answering
So let me see if I understand . . . Brazil-Morocco is tied but which one of them has possession at the 37 foot line? And someone it at the line for free throws in Qatar-Switzerland?
On the 11th floor deck of a Boston skyscraper, this duck nesting in a planter now has ducklings. They have few predators this high up, and are protected from lunching humans by pylons, but learning to fly might be tough . . .
And here is what the interest costs of your $85,000 per person is doing (all this info is from the @CBO www.cbo.gov/publication/...
The Clinton Administration was a huge fiscally responsible outlier
And it looks like we picked the wrong week to schedule our five fly outs if we were actually interested in hiring anyone
Sometimes I leave campus and discover that MIT does not have a monopoly on creating breathtaking innovations in America
My colleagues think this is mostly show and fluff, not important, but I was more uncertain due to the connection to financial markets and saving and wealth-building . . .
From Apollo. I would’ve done five years ahead, which has a less good fit, but also less overlapping data, but the main point stands: for the longer-term investor, the stock market has a lower expected return than bonds, and more variance.