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|timestamp=3:00 PM · Feb 7, 2010
|timestamp=3:00 PM · Feb 7, 2010
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=== 2016 ===
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|name=Eric Weinstein
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|content=Lefty style
What do we want: Securitization of [[Ronald Coase|tradable Coasian rights]] for native labor!!
When do we want it: Now!
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|content=@pmarca Eric, great paper; can we fit it on a bumper sticker?http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.546.895&rep=rep1&type=pdf
|timestamp=3:59 AM · Sep 6, 2016
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|timestamp=4:24 AM · Sep 6, 2016
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|content=@Noahpinion @TimBartik If you're honest, then stop w/ the red herrings on Demand Curve modeling as my point is TOTALLY agnostic to that. You write that my paper "Is a good idea that deserves much more thought!" Okay. Don't tell me. Show me a lack of capture. Put in demand curve shocks. NOTHING changes. https://t.co/n8s40niyuf
|content=If you're honest, then stop w/ the red herrings on Demand Curve modeling as my point is TOTALLY agnostic to that. You write that my paper "Is a good idea that deserves much more thought!" Okay. Don't tell me. Show me a lack of capture. Put in demand curve shocks. NOTHING changes.
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|content=Great. Let's do this then as I'm can play as an expert too: Harvard PhD. MIT/Harvard/NBER Post-Docs. Sloan Funded. NSF-Fellowship. Etc...
I'm sorry to tell you, *we* the experts have been lying to Laypeople on Trade, Immigration, STEM and Terror. The crumbling embargo was real.
https://x.com/RadioFreeTom/status/941911773376139264
|timestamp=4:46 PM · Dec 16, 2017
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|content=2/ Let me tell you what we've been lying about (in elite terminology) on MAJOR issues one by one: immigration, trade, STEM, mortgage backed securities and self-regulation, terror, fake news and conspiracy. [I will need to run a few errands now, but will return here later today.]
|content=2/ Let me tell you what we've been lying about (in elite terminology) on MAJOR issues one by one: immigration, trade, STEM, mortgage backed securities and self-regulation, terror, fake news and conspiracy. [I will need to run a few errands now, but will return here later today.]
|timestamp=5:19 PM · Dec 16, 2017
|timestamp=5:19 PM · Dec 16, 2017
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|content=@MiriamMakEnergy Sorry Miriam: The laypeople don't speak the academy's language so the academy resists the laity and disparages them. Renegade experts who are tired of the expert cartels' embargo against sharing more deep expertise with the laity can translate the laity to the cartels. Helpful?
|timestamp=7:25 PM · Dec 16, 2017
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|content=5/ IMMIGRATION (CONTINUED). Here is an expert article I wrote on the subject (peer reviewed, UN sponsored Journal): https://t.co/RpUWq1vj4Z
|content=5/ IMMIGRATION (CONTINUED). Here is an expert article I wrote on the subject (peer reviewed, UN sponsored Journal): https://www.ilo.org/sites/default/files/wcmsp5/groups/public/@ed_protect/@protrav/@migrant/documents/publication/wcms_201871.pdf


Of course the expert community pretends it isn't there as they support a wealth transfer through forced takings of workers' livelihoods.
Of course the expert community pretends it isn't there as they support a wealth transfer through forced takings of workers' livelihoods.
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9/TRADE (CONT.): Then there‘s the appearance of “Comparative Advantage” which was recently revealed as an iron clad Exoteric explanation trade experts give to all but each other because the real Esoteric is “too complex” for the rest of us & has holes.
9/TRADE (CONT.): Then there‘s the appearance of “Comparative Advantage” which was recently revealed as an iron clad Exoteric explanation trade experts give to all but each other because the real Esoteric is “too complex” for the rest of us & has holes.
|timestamp=8:29 PM · Dec 16, 2017
|timestamp=8:29 PM · Dec 16, 2017
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|content=@LibertyRBlack The seamstress and the Shmata salesman.
|timestamp=8:33 PM · Dec 16, 2017
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|content=@RadioFreeTom @SamHarrisOrg Nah. It’s about institutional betrayal. Nobody resents Elon Musk or Tony Stark for wealth. The poor want experts.
|content=@RadioFreeTom @SamHarrisOrg Nah. It’s about [[Universal Institutional Betrayal|institutional betrayal]]. Nobody resents Elon Musk or Tony Stark for wealth. The poor want experts.


And I’m just looking to you & Sam as my fellow experts to help me try to stop those betrayed from sending a wrecking-ball through the infrastructure of our world.
And I’m just looking to you & Sam as my fellow experts to help me try to stop those betrayed from sending a wrecking-ball through the infrastructure of our world.
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|content=@RadioFreeTom @SamHarrisOrg Oh cool. “Institutional Betrayal” is an academic theory for trauma differentiation of @jjforegon. You in particular should find it interesting I think. People betrayed by institutions with mandates to care for them behave differently re trauma.
|content=@RadioFreeTom @SamHarrisOrg Oh cool. [[Universal Institutional Betrayal|“Institutional Betrayal”]] is an academic theory for trauma differentiation of @jjforegon. You in particular should find it interesting I think. People betrayed by institutions with mandates to care for them behave differently re trauma.


Helps to explain a lot in 2008-17.
Helps to explain a lot in 2008-17.
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|content=@RadioFreeTom @SamHarrisOrg  
|content=@RadioFreeTom @SamHarrisOrg  


These are from trade theorist  @paulkrugman in his “Protectionist Moment” piece. I’m not trying to win here. I’m worried that you aren’t watching how this neo-liberal edifice is being abandoned because the expert’s public stance was a lie. https://t.co/335ziGS6Sj
These are from trade theorist  @paulkrugman in his “Protectionist Moment” piece. I’m not trying to win here. I’m worried that you aren’t watching how this neo-liberal edifice is being abandoned because the expert’s public stance was a lie.
|timestamp=9:22 PM · Dec 16, 2017
|timestamp=9:22 PM · Dec 16, 2017
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|content=@SamHarrisOrg @RadioFreeTom  
|content=@SamHarrisOrg @RadioFreeTom
 
10/TRADE (CONT.)
10/TRADE (CONT.)
Look at the slide & listen to this talk from a former Clinton administration economist. Notice the words 'Esoteric' vs. 'Exoteric'. Claiming the real arguments are too complex to math guys like me is laughable:
Look at the slide & listen to this talk from a former Clinton administration economist. Notice the words 'Esoteric' vs. 'Exoteric'. Claiming the real arguments are too complex to math guys like me is laughable:
https://t.co/Tbf9GTl343 https://t.co/YGM8KdXmdf
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|timestamp=10:14 PM · Dec 16, 2017
|timestamp=10:14 PM · Dec 16, 2017
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As if nothing happened.
As if nothing happened.
https://t.co/r9jNDgk3Ei https://t.co/oXko1AShoG
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|timestamp=10:26 PM · Dec 16, 2017
|timestamp=10:26 PM · Dec 16, 2017
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|content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences Do we disagree on fundamentals over this: https://t.co/VLf1pZwjhP
|content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences Do we disagree on fundamentals over this:
|timestamp=6:05 PM · Dec 17, 2017
|timestamp=6:05 PM · Dec 17, 2017
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|content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences And, no I don’t call something a conspiracy because I disagree w/ experts. I usually agree w/ them! What I disageee with is using expertise to transfer wealth & agency from the supposedly childlike voters who intuit something is rigged but can’t name it in political 3 card Monty.
|content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences And, no I don’t call something a conspiracy because I disagree w/ experts. I usually agree w/ them! What I disageee with is using expertise to transfer wealth & agency from the supposedly childlike voters who intuit something is rigged but can’t name it in political 3 card Monty.
|timestamp=6:11 PM · Dec 17, 2017
|timestamp=6:11 PM · Dec 17, 2017
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|content=@nntaleb @RadioFreeTom @SamHarrisOrg @BretWeinstein @jordanbpeterson @CHSommers @HeatherEHeying @PiaMalaney @peterthiel @DouglasKMurray @Raheelraza @tristanharris @sparker Hi Nassim, With 66 dyadic relationships between 12 individuals there was zero implied pairwise mutual endorsement or respect implied. I’m certainly happy to make that explicit here for the record if that wasn’t clear.
|timestamp=9:32 PM · Dec 17, 2017
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|content=@nntaleb @RadioFreeTom @SamHarrisOrg @BretWeinstein @jordanbpeterson @CHSommers @HeatherEHeying @PiaMalaney @peterthiel @DouglasKMurray @Raheelraza @tristanharris @sparker Will read. Thanks!
|timestamp=9:35 PM · Dec 17, 2017
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I mean...I did use supply and demand curves of Borjas. So...What did I get wrong? Do I need to retract:
I mean...I did use supply and demand curves of Borjas. So...What did I get wrong? Do I need to retract:


https://t.co/RpUWq1vj4Z
https://www.ilo.org/sites/default/files/wcmsp5/groups/public/@ed_protect/@protrav/@migrant/documents/publication/wcms_201871.pdf
|timestamp=5:10 PM · Dec 18, 2017
|timestamp=5:10 PM · Dec 18, 2017
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|content=The mistake, IMO, is in modeling immigration purely as a shift in labor supply (partial equilibrium). Since immigrants buy stuff locally, immigration also causes a rightward shift in labor *demand* (general equilibrium).
|timestamp=5:28 PM · Dec 18, 2017
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|content=@Noahpinion Hence my use of the term '1st-order' (partial equilibrium). A full model would go well beyond what you write including social services, chain migration, dependency ratios, negative externalities, concentrated impact, vote dilution, patent production, sending country impact, etc..
|content=Hence my use of the term '1st-order' (partial equilibrium). A full model would go well beyond what you write including social services, chain migration, dependency ratios, negative externalities, concentrated impact, vote dilution, patent production, sending country impact, etc..
|timestamp=6:08 PM · Dec 18, 2017
|timestamp=6:08 PM · Dec 18, 2017
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|content=@Noahpinion A big game in economics is often who gets to use simple models & who gets forced into adding a million baroque complexities. I agree that immigrants add to demand. Also tax social services. Also pay taxes. Also send remittances. Also found businesses. Also crowd out natives. etc.
|content=A big game in economics is often who gets to use simple models & who gets forced into adding a million baroque complexities. I agree that immigrants add to demand. Also tax social services. Also pay taxes. Also send remittances. Also found businesses. Also crowd out natives. etc.
|timestamp=6:12 PM · Dec 18, 2017
|timestamp=6:12 PM · Dec 18, 2017
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|content=@Noahpinion Perhaps you were so busy reacting to the name Borjas that you missed the point of introducing '''Coase'''. '''Coase''' allows those many nth order effects to be subsumed in the choices of those impacted both positively & negatively. Hence the ability to have unlimited migration. Re-read it.
|content=Perhaps you were so busy reacting to the name Borjas that you missed the point of introducing '''Coase'''. '''Coase''' allows those many nth order effects to be subsumed in the choices of those impacted both positively & negatively. Hence the ability to have unlimited migration. Re-read it.
|timestamp=6:15 PM · Dec 18, 2017
|timestamp=6:15 PM · Dec 18, 2017
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|content=@Noahpinion Let's not play games. The unpopular transfer from L to K by a forced taking of the rectangle without the securitization of labor's valuable asymmetric rights and workers rights to trade them stands as an issue having nothing to do with your attack on Borjas.  
|content=Let's not play games. The unpopular transfer from L to K by a forced taking of the rectangle without the securitization of labor's valuable asymmetric rights and workers rights to trade them stands as an issue having nothing to do with your attack on Borjas.  


Your move.
Your move.
|timestamp=6:19 PM · Dec 18, 2017
|timestamp=6:19 PM · Dec 18, 2017
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|content=Yes, the key is that immigration causes labor demand, as well as labor supply, to shift to the right.
That's going to shrink that rectangle a lot, and could even make the rectangle positive for native-born workers rather than negative.
|timestamp=6:24 PM · Dec 18, 2017
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|content=Just to show this with an easy thought experiment, imagine a bunch of rich retirees moved here and spent down their savings. That would shift ONLY labor demand, and not labor supply, unambiguously boosting wages for native-born workers.
|timestamp=6:29 PM · Dec 18, 2017
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|content=Now, working immigrants are not rich retirees. But you can apply the same principle. Working immigrants supply labor, but they also demand goods and services produced by labor. So both curves shift, not just one.
|timestamp=6:30 PM · Dec 18, 2017
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|content=Also, because immigration causes shift in demand for capital goods, such as housing, in the short-run and medium run there are "accelerator" effects that temporarily boost labor demand even further. See JMP by Greg Howard: https://economics.mit.edu/files/13670
|timestamp=6:36 PM · Dec 18, 2017
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|content=Very true, but Eric wanted to stick to the simplest possible model, and I'm obliging him! :-)
|timestamp=6:38 PM · Dec 18, 2017
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|content=@Noahpinion @TimBartik Look again at my paper and you will see something very odd from a mathematician: there are no equations. That came from reviewing this style of argument you are engaging in now. The point isn't this or that effect. It is forced transfers by capital vs voluntary trade with labor.
|content=Look again at my paper and you will see something very odd from a mathematician: there are no equations. That came from reviewing this style of argument you are engaging in now. The point isn't this or that effect. It is forced transfers by capital vs voluntary trade with labor.
|timestamp=7:06 PM · Dec 18, 2017
|timestamp=7:06 PM · Dec 18, 2017
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|content=Remember, Eric, I'm not talking equations! I'm only talking about your graphs! 😊
|timestamp=6:38 PM · Dec 18, 2017
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|content=So put in a moving demand curve or even negative rectangles or other red herrings.
The issue is choice. Our work based immigration programs are loved by employers and generally resented by those on whom they are imposed because they involve an unpopular and unsecuritized taking.
|timestamp=7:14 PM · Dec 18, 2017
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|content=Sure! No disagreement about that. I'm only taking issue with the idea that immigration can be modeled as a labor supply shock with no labor demand shock! We must include both.
|timestamp=7:16 PM · Dec 18, 2017
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|content=@Noahpinion @TimBartik No one is arguing that in a full model. The issue isn't about immigrants either. It is about forcible '''non-Coasian''' taking of rights through law by employers without trade or consent of labor aided by economics 'experts' portrayed falsely under the banner of free markets.
|content=No one is arguing that in a full model. The issue isn't about immigrants either. It is about forcible '''non-Coasian''' taking of rights through law by employers without trade or consent of labor aided by economics 'experts' portrayed falsely under the banner of free markets.
|timestamp=7:20 PM · Dec 18, 2017
|timestamp=7:20 PM · Dec 18, 2017
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|content=What if my company hires entry-level native-born workers? Seems like a similar situation. The only difference is citizenship.
|timestamp=7:22 PM · Dec 18, 2017
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|content=@Noahpinion @TimBartik Noah, I'm just really not sure what game you're playing. Economists add (e.g. "your model forgot this externality!") and subtract effects (e.g. "for simplicity we neglect"). None of this matters to my paper or point. None of it. My point is expert aided non-consensual transfers.
|content=Noah, I'm just really not sure what game you're playing. Economists add (e.g. "your model forgot this externality!") and subtract effects (e.g. "for simplicity we neglect"). None of this matters to my paper or point. None of it. My point is expert aided non-consensual transfers.
|timestamp=7:29 PM · Dec 18, 2017
|timestamp=7:29 PM · Dec 18, 2017
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|content=No games, Eric. Nothing complicated.
Just Econ 101.
|timestamp=7:30 PM · Dec 18, 2017
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|content=@Noahpinion @TimBartik You're not even close. In econ 101, agents are rational. Remember? If workers benefit from immigration they will support it in droves. Right?
|content=You're not even close. In econ 101, agents are rational. Remember? If workers benefit from immigration they will support it in droves. Right?


Let me guess, we have to add baroque adjustments to rationality to explain this self-defeating rejection of mass immigration? Something?
Let me guess, we have to add baroque adjustments to rationality to explain this self-defeating rejection of mass immigration? Something?
|timestamp=7:34 PM · Dec 18, 2017
|timestamp=7:34 PM · Dec 18, 2017
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|content=Baroque adjustments?
Is "immigrants buy stuff" a baroque adjustment?
If so, just call me J.S. Bach!
|timestamp=7:46 PM · Dec 18, 2017
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|content=@Noahpinion @TimBartik Oh wow! That's what I *love* about economists: a total reliance on ad hoc selective application of standards to reach desired conclusions.
|content=Oh wow! That's what I *love* about economists: a total reliance on ad hoc selective application of standards to reach desired conclusions.


This is fun. Please apply that selective standard evenly to all of Econ 101 and let's watch your *entire* field disintegrate.
This is fun. Please apply that selective standard evenly to all of Econ 101 and let's watch your *entire* field disintegrate.
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|content=@Noahpinion @TimBartik Ha! I'm trying Noah. But it's hard to Teleman something when his econ job depends on his not understanding it, no?  
|content=Ha! I'm trying Noah. But it's hard to Teleman something when his econ job depends on his not understanding it, no?  


Now engage with the point. Why are the rational worker agents from Econ 101 not favoring this mass immigration that enriches them? Is this Econ 101 or Room 101?
Now engage with the point. Why are the rational worker agents from Econ 101 not favoring this mass immigration that enriches them? Is this Econ 101 or Room 101?
|timestamp=7:50 PM · Dec 18, 2017
|timestamp=7:50 PM · Dec 18, 2017
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|usernameurl=https://x.com/Noahpinion
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|content=Well, I don't have polls of rational worker agents specifically, but just today I did write a post showing several polls indicating pro-immigrant sentiment in the United States: https://bloomberg.com/view/articles/2017-12-18/anti-immigration-fervor-is-different-this-time
|timestamp=7:56 PM · Dec 18, 2017
}}
{{Tweet
|image=Noahpinion-profile.jpg
|nameurl=https://x.com/Noahpinion/status/942846528938565633
|name=Noah Smith
|usernameurl=https://x.com/Noahpinion
|username=Noahpinion
|content=In other words, I'm not Haydn anything. Can you Handel the data? :D
|timestamp=7:58 PM · Dec 18, 2017
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|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|username=EricRWeinstein
|content=@Noahpinion @TimBartik Wait, don't those swings *undermine* your Econ 101 point? The power of the Purcell getcha every time. See attached from:  
|content=Wait, don't those swings *undermine* your Econ 101 point? The power of the Purcell getcha every time. See attached from:  


https://t.co/leH7n0n4Dz
https://politico.com/f/?id=0000015d-c4ac-dd39-a75d-cfbfbc3e0002


Noah, I answered all your points substantively. Nothing depended on Partial v General or demand curve modeling. It's about capture. https://t.co/poJztJTjOz
Noah, I answered all your points substantively. Nothing depended on Partial v General or demand curve modeling. It's about capture. https://t.co/poJztJTjOz
|timestamp=8:44 PM · Dec 18, 2017
|timestamp=8:44 PM · Dec 18, 2017
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|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|username=EricRWeinstein
|content=@Noahpinion @TimBartik It's not about polls. It's not about Partial vs General equlibrium models. Not about Econ 101. It's about taking something valuable almost no one would give by choice by having experts defend the interests of employers with selective modeling.
|content=It's not about polls. It's not about Partial vs General equlibrium models. Not about Econ 101. It's about taking something valuable almost no one would give by choice by having experts defend the interests of employers with selective modeling.
|timestamp=8:47 PM · Dec 18, 2017
|timestamp=8:47 PM · Dec 18, 2017
}}
{{Tweet
|image=Noahpinion-profile.jpg
|nameurl=https://x.com/Noahpinion/status/942859544165847040
|name=Noah Smith
|usernameurl=https://x.com/Noahpinion
|username=Noahpinion
|content=A) I'm concerned not with the interests of employers, but with the national interests of the United States of America and its economic health.
B) I don't rely on selective modeling, but on empirical evidence, which I believe supports my position pretty solidly!!
|timestamp=8:50 PM · Dec 18, 2017
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|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|username=EricRWeinstein
|content=@Noahpinion @TimBartik Noah, I answered every point. You are both for & against Econ 101 while I have no investment in it. If you want to forcibly transfer rights instead of letting workers trade them, ask yourself who you are really trying to benefit.
|content=Noah, I answered every point. You are both for & against Econ 101 while I have no investment in it. If you want to forcibly transfer rights instead of letting workers trade them, ask yourself who you are really trying to benefit.


I'm trying to open borders too, but not as theft.
I'm trying to open borders too, but not as theft.
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|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|username=EricRWeinstein
|content=@Noahpinion @TimBartik If you want to write a paper detailing my failures, it will be an honor to review it fairly. But it had ZERO dependence on any of the points you made. Including demand curves. Be well.
|content=If you want to write a paper detailing my failures, it will be an honor to review it fairly. But it had ZERO dependence on any of the points you made. Including demand curves. Be well.
|timestamp=9:14 PM · Dec 18, 2017
|timestamp=9:14 PM · Dec 18, 2017
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{{Tweet
|image=Noahpinion-profile.jpg
|nameurl=https://x.com/Noahpinion/status/942859544165847040
|name=Noah Smith
|usernameurl=https://x.com/Noahpinion
|username=Noahpinion
|content=I will consider it. More likely a blog post. In any case, I hope you realize that the vast majority of immigration advocates in the econ profession are being intellectually honest, and not lying to anyone!
Take care, Eric!
|timestamp=9:21 PM · Dec 18, 2017
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|timestamp=9:32 PM · Dec 18, 2017
|timestamp=9:32 PM · Dec 18, 2017
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{{Tweet
|image=MiriamMakEnergy-profile.jpg
|nameurl=https://x.com/MiriamMakEnergy/status/942114517944713216
|name=Miriam Makhyoun
|usernameurl=https://x.com/MiriamMakEnergy
|username=MiriamMakEnergy
|content=Thanks for the clarification.  Luckily we have info sharing platforms that override traditional communication mediums, despite their many flaws.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/942073493155229696
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Great. Let's do this then as I'm can play as an expert too: Harvard PhD. MIT/Harvard/NBER Post-Docs. Sloan Funded. NSF-Fellowship. Etc...
 
I'm sorry to tell you, *we* the experts have been lying to Laypeople on Trade, Immigration, STEM and Terror. The crumbling embargo was real.
https://x.com/RadioFreeTom/status/941911773376139264
|timestamp=4:46 PM · Dec 16, 2017
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|image=MiriamMakEnergy-profile.jpg
|nameurl=https://x.com/MiriamMakEnergy/status/942104953299935232
|name=Miriam Makhyoun
|usernameurl=https://x.com/MiriamMakEnergy
|username=MiriamMakEnergy
|content=In the second post on this thread you stated there is resistance by "laypeople" to "experts" because "they don’t speak the language of the academy. I think we can translate." and now you're saying experts are lying because the public won't get it. Root cause analysis anyone?
|timestamp=6:51 PM · Dec 16, 2017
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/942113543704285184
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Sorry Miriam: The laypeople don't speak the academy's language so the academy resists the laity and disparages them. Renegade experts who are tired of the expert cartels' embargo against sharing more deep expertise with the laity can translate the laity to the cartels. Helpful?
|timestamp=7:25 PM · Dec 16, 2017
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|timestamp=7:29 PM · Dec 16, 2017
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=== 2024 ===
=== 2024 ===
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1823488036459700708
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You mean the Friedman money and banking seminar where @haralduhlig was the principal critic who then started to understand only after the seminar?
I’d be happy to do this with Harald on board. It might motivate us to finish our work that happened after the seminar.
I don’t know you @florianederer. But I do know you as a consistantly bad actor. As you may know, the most famous Chicago seminar was that of '''Coase'''. Where the seminar became famous *because* Chicago got it wrong. And it took much longer to see the argument.
Harald got it wrong during the seminar. And I also know that Chicago, at least historically, eventually usually gets it right. But I’d be happy to structure a bet that would penalize your being a bad actor.
I write this not because I care about your opinion. But because Cliff is a colleague. And, at least here, you are a troll. Let’s figure out if there is a mutually agreeable bet that gives me an ability to inflict a cost on this behavior of yours.
And one last point. Arrow and Samuelson were both supportive of this work. But perhaps you see what they do not. Who knows. You are certainly very sure of your position. As am I.
One of us is wrong.
|timestamp=10:33 PM · Aug 13, 2024
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|timestamp=7:46 PM · Oct 5, 2024
|timestamp=7:46 PM · Oct 5, 2024
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1856037816209399991
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Or try this:
{{#widget:YouTube|id=EsYDVW2na7c}}
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1856026921659969705
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=In this brutal campaign, potentially the most important idea for labor surviving,  coexisting and thriving with AI got lost. It was raised by @NicoleShanahan inside the  @RobertKennedyJr campaign, before they folded into MAGA/MAHA. She whispered it in a sea of shouts and screams, and to the best of my knowledge no one heard it.
The idea is this: UBI is a crude dehumanizing welfare tool which should be abandoned in favor of a '''Coasian free market solution'''.
Unfortunately for this idea to work, we have two massive branding problems:
A) Businessmen pretend to be Free Marketeers  They are not. '''Coasian economics''' gives them an option to live their stated free market dream but where workers can now get wealthy. And, as you might fear, CEOs and VCs hate it. Thus you can’t trust the “free marketeers” because the free market may be used to help labor over capital.
B) UBI may be dull, blunt, socialist and stupid but it has a massive brand. '''Coase''' is a efficient and brilliant but has no marketing department. It’s a boutique “IYKYK” product for true free marketeers. Ask any top economist about the most ingenious three ideas ever had by an economist and many of them will include “Coasian Property Rights” because it is totally non-obvious and pure.
If you want to save the planet from the twin threats of Communist UBI and Post Capitalist AI, do *NOT* put a tech CEO or VC as AI/Labor Tsar. I know that sounds crazy, but that is simply due to point A). '''Coase''' makes you choose between profiteering and free marketeering. And capitalists choose personal wealth over free markets almost always (see the link below).
You want a Tsarina to save the free market in @NicoleShanahan to cut all Americans in using free markets.
Don’t let UBi make Americans into welfare recipients. Make them *owners* and make them WEALTHY. Please resist the temptation and do *not* give this portfolio to business people claiming to be free marketeers. '''Use Coase instead'''.
This should have been front and center given the looming threat to labor. Let’s start talking about it now. There is no time to lose.
[For how this works technically, change Migrant Workers to AIs in the following:
https://www.ilo.org/sites/default/files/wcmsp5/groups/public/@ed_protect/@protrav/@migrant/documents/publication/wcms_201871.pdf
and the entire framework goes over, more or less word for word.]
🙏
|timestamp=5:31 PM · Nov 11, 2024
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1856037481801756768
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content={{#widget:YouTube|id=00HPak2RLlQ}}
|timestamp=6:13 PM · Nov 11, 2024
}}
|timestamp=6:14 PM · Nov 11, 2024
}}
}}


=== 2025 ===
=== 2025 ===
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1902763446359478385
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=For how this works, I wrote a paper explaining it in the case of immigration that has very little math in it (I.e. the underlying math is hidden by moving it from formulae to pictures) so everyone can understand it.
To make it into an AI free market solution, change Foreign Worker to “AI system” and the idea mostly just goes through mutatis mutandis:
https://theportal.wiki/wiki/Migration_For_The_Benefit_of_All:_Towards_a_New_Paradigm_for_Migrant_Labor_(Content)
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1902762014520512653
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Use the '''Coase''', Andrew. Put away the UBI. Partner with @NicoleShanahan as politician; the '''Coase''' is strong with this one
'''Coasian rights''' are the solution to both our immigration nightmare and our AI labor apocalypse:
:::'''Coase''' >> UBI
Let’s debate it out.
{{Tweet
|image=AndrewYang-profile.jpg
|nameurl=https://x.com/AndrewYang/status/1902468574641328417
|name=Andrew Yang
|usernameurl=https://x.com/AndrewYang
|username=AndrewYang
|content=Guys, AI is going to eat a shit ton of jobs.  I don’t see anyone really talking about this meaningfully in terms of what to do about it for people.  What’s the plan?
|timestamp=9:13 PM · Mar 19, 2025
}}
|timestamp=4:39 PM · Mar 20, 2025
}}
|timestamp=4:45 PM · Mar 20, 2025
}}


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== Related Pages ==
== Related Pages ==
* [[Arrow's Impossibility Theorem]]
* [[Borjas Rectangle Theory]]
* [[Boskin Commission]]
* [[Council of the Canceled with Eric Weinstein, Jay Bhattacharya and Mike Benz (X Content)]]
* [[CPI]]
* [[François Divisia]]
* [[Gauge Theory]]
* [[Ken Arrow]]
* [[Ken Arrow]]
* [[Council of the Canceled with Eric Weinstein, Jay Bhattacharya and Mike Benz (X Content)]]
* [[Immigration]]
* [[Immigration]]
* [[Migration For The Benefit of All: Towards a New Paradigm for Migrant Labor (Content)]]
* [[Migration For The Benefit of All: Towards a New Paradigm for Migrant Labor (Content)]]
Retrieved from "https://theportal.wiki/wiki/Special:MobileDiff/22949...23946"