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{{#widget:Tweet|id=942821656451457024}} | == On X == | ||
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=== 2016 === | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=We pretend @HillaryClinton that immig. is about efficiency. But work of '''Borjas''' at Harvard shows it is wealth transfer from labor to capital. | |||
|timestamp=1:25 AM · Aug 26, 2016 | |||
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=== 2017 === | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|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 | |||
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|name=Eric Weinstein | |||
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|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... | |||
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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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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=1/ I was in multiple closed rooms where experts told me over and over "Well of course we can never say that to the public/donors/students/patients/voters." Cambridge MA, Washington D.C., New York. And now, San Francisco too where it hit quite a few years later. | |||
|timestamp=5:11 PM · Dec 16, 2017 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|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 | |||
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|name=Eric Weinstein | |||
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|content=3/ IMMIGRATION: EXPERT LIES | |||
Experts lie about work based immigration as needed for free markets to remove a tiny 'Harberger Triangle' of inefficiency. It is the reverse: an uncompensated taking of citizen's rights without securitization to transfer a massive ''''Borjas Rectangle''''. | |||
|timestamp=7:44 PM · Dec 16, 2017 | |||
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|content=4/ IMMIGRATION (CONTINUED). In free markets, citizens TRADE their rights of preferential labor market access a la [[Ronald Coase|Coase's theorem]]. The giant '''Borjas Rectangle''' would stay w/ labor. Inequality could reverse. Women/minorities would enter. Income might again rise. Foreigners welcomed. | |||
|timestamp=7:49 PM · Dec 16, 2017 | |||
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|username=EricRWeinstein | |||
|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 | |||
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Of course the expert community pretends it isn't there as they support a wealth transfer through forced takings of workers' livelihoods. | |||
|timestamp=7:54 PM · Dec 16, 2017 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=6/ TRADE: EXPERT LIES. | |||
In the theory of trade, lies are deeply layered. First there is a nonsensical emphasis on Pareto improvement (as if that was a meaningful social welfare function) & a denial of cardinal utility to stop diminishing returns arguments being applied to wealth. | |||
|timestamp=8:00 PM · Dec 16, 2017 | |||
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|content=7/ TRADE (continued): [ for @RadioFreeTom @SamHarrisOrg ] | |||
Then we substitute a Kaldor-Hicks standard for Pareto welfare as if we were going to tax winners to pay losers. Which trade economists laugh about. Because what factory worker ever heard of âunimplemeted Kaldor-Hicksâ. | |||
|timestamp=8:10 PM · Dec 16, 2017 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=8/ As the grandson of a seamstress, a door2door used clothing salesman, a self educated chemist thrown out of work for his politics and a female college grad who couldnât work in a manâs world, it feels great to stand as a STEM PhD speaking the language of the academy for them. | |||
|timestamp=8:18 PM · Dec 16, 2017 | |||
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|content=@SamHarrisOrg @RadioFreeTom | |||
9/TRADE (CONT.): Then thereâs the appearance of âComparative Advantageâ which was recently revealed as an iron clad Exoteric explanation trade experts give to all but each other because the real Esoteric is âtoo complexâ for the rest of us & has holes. | |||
|timestamp=8:29 PM · Dec 16, 2017 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=@RadioFreeTom @SamHarrisOrg Nah. Itâs about [[Universal Institutional Betrayal|institutional betrayal]]. Nobody resents Elon Musk or Tony Stark for wealth. The poor want experts. | |||
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And Iâm 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. | |||
|timestamp=8:45 PM · Dec 16, 2017 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=@RadioFreeTom @SamHarrisOrg Oh cool. [[Universal Institutional Betrayal|âInstitutional Betrayalâ]] 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. | |||
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Helps to explain a lot in 2008-17. | |||
|timestamp=8:56 PM · Dec 16, 2017 | |||
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|username=EricRWeinstein | |||
|content=@RadioFreeTom @SamHarrisOrg Also, the public that is HIGH agency is looking for alternate non-institutional experts: @nntaleb @BretWeinstein @jordanbpeterson @CHSommers @SamHarrisOrg @HeatherEHeying @PiaMalaney @peterthiel @DouglasKMurray @Raheelraza @tristanharris @sparker etc.... | |||
|timestamp=9:04 PM · Dec 16, 2017 | |||
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|content=@RadioFreeTom @SamHarrisOrg | |||
 | |||
These are from trade theorist @paulkrugman in his âProtectionist Momentâ piece. Iâm not trying to win here. Iâm worried that you arenât watching how this neo-liberal edifice is being abandoned because the expertâs public stance was a lie. | |||
|timestamp=9:22 PM · Dec 16, 2017 | |||
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|nameurl=https://x.com/EricRWeinstein/status/942145387665670144 | |||
|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=@GodDoesnt @RadioFreeTom @SamHarrisOrg @paulkrugman That doesnât solve it. Are the Harvard and UChicago Econ departments elite or expert? National Academy complex? Same question. NPR? CFR? | |||
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Where are the non-elite experts? They are off the institutional grid. They were disappeared. They donât exist. Yet they are my Shabbat guests. | |||
|timestamp=9:32 PM · Dec 16, 2017 | |||
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|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=@GodDoesnt @RadioFreeTom @SamHarrisOrg @paulkrugman Same here. All Iâm saying is the institutional elites compromise their institutional experts. Every day, institutional experts are free to speak against their institutionâs bias. Itâs the next day when survivor bias kicks in. Now repeat across non-financially independent experts. | |||
|timestamp=9:40 PM · Dec 16, 2017 | |||
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|username=EricRWeinstein | |||
|content=@fazinga They are typically educated at top universities. They are typically in non-standard employment. I frequently donât like what they are saying as it is often disturbing. | |||
|timestamp=9:42 PM · Dec 16, 2017 | |||
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|content=@SamHarrisOrg @RadioFreeTom | |||
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: | |||
{{#widget:YouTube|id=uCgUkfhB8Uk|start=179}} | |||
|timestamp=10:14 PM · Dec 16, 2017 | |||
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|content=11/ TRADE (CONT.) | |||
Now what happened when @PiaMalaney, a Harvard PhD Economist finally got to explain to the 'experts' why the world is rejecting experts, and in their own professional language? She's *totally* ignored by the panel. | |||
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As if nothing happened. | |||
{{#widget:YouTube|id=uCgUkfhB8Uk|start=2811}} | |||
|timestamp=10:26 PM · Dec 16, 2017 | |||
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|content=@SamHarrisOrg @RadioFreeTom | |||
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12/ End. | |||
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I'll pause here. But there's an entire world of Ivy-Level experts who the public suspects exist. People who have paid for their integrity with their careers. Either undisappear these good folks ... or prepare for 7 more years of Trump. | |||
|timestamp=10:30 PM · Dec 16, 2017 | |||
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|username=EricRWeinstein | |||
|content=@GodDoesnt @disitinerant @RadioFreeTom @SamHarrisOrg @paulkrugman Nah. Just more systems of selective pressures ... | |||
|timestamp=1:29 AM · Dec 17, 2017 | |||
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|content=@RadioFreeTom @SamHarrisOrg @paulkrugman What are your thoughts here @RadioFreeTom? I can go into detail on a number of these. We could do the fake STEM shortage backed by the @NSF and @theNASciences if you donât believe in such things. | |||
|timestamp=5:42 PM · Dec 17, 2017 | |||
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|content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences Do we disagree on fundamentals over this: | |||
|timestamp=6:05 PM · Dec 17, 2017 | |||
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|nameurl=https://x.com/EricRWeinstein/status/942457223896166401 | |||
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|username=EricRWeinstein | |||
|content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences And, no I donât 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 canât name it in political 3 card Monty. | |||
|timestamp=6:11 PM · Dec 17, 2017 | |||
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|nameurl=https://x.com/EricRWeinstein/status/942507916824788992 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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. Iâm certainly happy to make that explicit here for the record if that wasnât clear. | |||
|timestamp=9:32 PM · Dec 17, 2017 | |||
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|nameurl=https://x.com/EricRWeinstein/status/942508569022283776 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=@Noahpinion So if we push out supply curves there is no first order depressing effect on price...except that maybe it rises? Man this is big. Like Nobel Big! | |||
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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: | |||
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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 | |||
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|name=Noah Smith | |||
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|username=Noahpinion | |||
|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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|name=Eric Weinstein | |||
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|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 | |||
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|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 | |||
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|content=Perhaps you were so busy reacting to the name '''Borjas''' that you missed the point of introducing [[Ronald Coase|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 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|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'''. | |||
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Your move. | |||
|timestamp=6:19 PM · Dec 18, 2017 | |||
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|name=Noah Smith | |||
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|username=Noahpinion | |||
|content=Yes, the key is that immigration causes labor demand, as well as labor supply, to shift to the right. | |||
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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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|name=Noah Smith | |||
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|username=Noahpinion | |||
|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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|name=Noah Smith | |||
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|username=Noahpinion | |||
|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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|name=Tim Bartik | |||
|usernameurl=https://x.com/TimBartik | |||
|username=TimBartik | |||
|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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|name=Noah Smith | |||
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|username=Noahpinion | |||
|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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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|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 | |||
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|image=Noahpinion-profile.jpg | |||
|nameurl=https://x.com/Noahpinion/status/942826382945669120 | |||
|name=Noah Smith | |||
|usernameurl=https://x.com/Noahpinion | |||
|username=Noahpinion | |||
|content=Remember, Eric, I'm not talking equations! I'm only talking about your graphs! đ | |||
|timestamp=6:38 PM · Dec 18, 2017 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942835372735676416 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Noahpinion-profile.jpg | |||
|nameurl=https://x.com/Noahpinion/status/942836099650605061 | |||
|name=Noah Smith | |||
|usernameurl=https://x.com/Noahpinion | |||
|username=Noahpinion | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942836997776752640 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Noahpinion-profile.jpg | |||
|nameurl=https://x.com/Noahpinion/status/942837560207867904 | |||
|name=Noah Smith | |||
|usernameurl=https://x.com/Noahpinion | |||
|username=Noahpinion | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942839136745951232 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Noahpinion-profile.jpg | |||
|nameurl=https://x.com/Noahpinion/status/942839387636817920 | |||
|name=Noah Smith | |||
|usernameurl=https://x.com/Noahpinion | |||
|username=Noahpinion | |||
|content=No games, Eric. Nothing complicated. | |||
 | |||
Just Econ 101. | |||
|timestamp=7:30 PM · Dec 18, 2017 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942840421650010112 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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? | |||
|timestamp=7:34 PM · Dec 18, 2017 | |||
}} | |||
{{Tweet | |||
|image=Noahpinion-profile.jpg | |||
|nameurl=https://x.com/Noahpinion/status/942843638928855040 | |||
|name=Noah Smith | |||
|usernameurl=https://x.com/Noahpinion | |||
|username=Noahpinion | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942842777208885248 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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. | |||
 | |||
This is fun. Please apply that selective standard evenly to all of Econ 101 and let's watch your *entire* field disintegrate. | |||
 | |||
I'll wait. | |||
|timestamp=7:43 PM · Dec 18, 2017 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942844635751235584 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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? | |||
|timestamp=7:50 PM · Dec 18, 2017 | |||
}} | |||
{{Tweet | |||
|image=Noahpinion-profile.jpg | |||
|nameurl=https://x.com/Noahpinion/status/942846052528525313 | |||
|name=Noah Smith | |||
|usernameurl=https://x.com/Noahpinion | |||
|username=Noahpinion | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942858250638082049 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Wait, don't those swings *undermine* your Econ 101 point? The power of the Purcell getcha every time. See attached from: | |||
 | |||
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 | |||
|timestamp=8:44 PM · Dec 18, 2017 | |||
|media1=ERW-X-post-942858250638082049-DRWyou8VQAA1e1E.jpg | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942858774368329728 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
{{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 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942865369680592896 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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. | |||
|timestamp=9:13 PM · Dec 18, 2017 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942865558969597952 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
{{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 | |||
}} | |||
|timestamp=9:32 PM · Dec 18, 2017 | |||
|media1=ERW-X-post-942870249874976769-DRW-IXyUEAA1LLM.jpg | |||
}} | |||
 | |||
 | |||
 | |||
{{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 | |||
}} | |||
{{Tweet | |||
|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 donât 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 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/942113543704285184 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
|timestamp=7:29 PM · Dec 16, 2017 | |||
}} | |||
 | |||
=== 2022 === | |||
 | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1554161132788523008 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Youâre not being truthful about economics. | |||
 | |||
Iâm sorry. But at a purely technical level, you are just not being truthful about markets, economics and economists. I say this without an axe to grind as a huge promoter of your earlier work when you were trying to understand the đ. | |||
|thread= | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1554161126622932994 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content="I've never seen anything as bad as the determination of a lot of people to say it's a recession," Krugman said. "It's above and beyond anything I've ever seen." -@paulkrugman | |||
 | |||
Would you like to talk about the [[Boskin Commission]] & the @BLS_gov pretending to move to a COLA for [[CPI]]? | |||
|quote= | |||
{{Tweet | |||
|image=CNN-profile.jpg | |||
|nameurl=https://x.com/CNN/status/1553908398823030785 | |||
|name=CNN | |||
|usernameurl=https://x.com/CNN | |||
|username=CNN | |||
|content=Even top economists are struggling to explain perhaps "the weirdest economy" Americans have ever lived through, CNN's chief media correspondent Brian Stelter said. https://www.cnn.com/2022/07/31/media/economy-paul-krugman-reliable-sources/index.html | |||
|timestamp=1:00 AM · Aug 1, 2022 | |||
}} | |||
|timestamp=5:44 PM · Aug 1, 2022 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1554161129659674624 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Would you be interested in discussing an entire field of economic experts laughing for 5-8 years at those of us who tried to warn the world about the impending danger of [[Mortgage Backed Securities]] during the â[[Great Moderation]]â? | |||
|timestamp=5:44 PM · Aug 1, 2022 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1554161131228315648 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Would you be interested in discussing the treatment of '''George Borjas''' by economists for pointing out that [[Immigration]] actually carries costs & redistributes wealth rather than a miracle free lunch that simply cannot do anything harmful? | |||
 | |||
Etc. Etc. | |||
 | |||
Because that is all much worse. | |||
|timestamp=5:44 PM · Aug 1, 2022 | |||
}} | |||
|timestamp=5:44 PM · Aug 1, 2022 | |||
}} | |||
 | |||
 | |||
=== 2024 === | |||
 | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1816900447170625826 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Is immigration simply âgoodâ? Why are we not more alarmed about its impact? | |||
 | |||
âââ- | |||
 | |||
I saw the '''Harvard Economist George Borjas''' years ago. He was about to retire. | |||
 | |||
âI love your work.â I said sadly. âAre you going to miss doing research?â | |||
 | |||
âNo! Not at all.â he said unexpectedly. | |||
 | |||
âWow!â I exclaimed. âHow can that be?â | |||
 | |||
âYou see,â he said in Cuban accented English, âI spent my entire life trying to make one simple point to my academic colleagues. And I must accept now, at the end, that I have simply failed. And, at just one point!â | |||
 | |||
âYou meanâŠâ I began. | |||
 | |||
âYes: immigration also has negative effects in addition to the positive onesâŠjust like everything else in this world.â | |||
 | |||
There was a *long* silence. And then, at the same moment, we both started laughing. I donât know why exactly. It was as if we both realized there was nothing else to do. The career was ending, and we both knew exactly what had happened. | |||
 | |||
âââââââ- | |||
 | |||
Academe when it comes to immigration, economic indices, Neo-Darwinism, String Theory, Neo-classical economics, etc. is no longer an academic environment. | |||
 | |||
This is not true for many subjects that are continuing to function: effective field theory, machine learning, algebraic geometry, etc. would be examples. | |||
 | |||
MORAL: Universities are neither fully failed in 2024, nor successful. There is serious rot that is growing and eating away at them, but there are stillmany good researchers and scholars trapped inside, who are being driven to silence, in order to hold onto their remaining zone of scholarship and research âautonomyâ. | |||
 | |||
I was in the economics department at Harvard for a while. During that time I had many bizarre conversations about free trade, free migration, stable preferences, etc. I would point out that the fieldâs policy recommendations to lawmakers simply did NOT follow from the fieldâs methodology. It was as if the field was often going backwards from what it knew it had to conclude if it wanted to weild power in Washington, rather than forward from scholarship. | |||
 | |||
You could go to a microeconomics seminar that had nothing to do with policy and everything would be scholarly. | |||
 | |||
Then you would go to a seminar in Macro or Labor economics and it would be essentially a competition between professors in Cambridge MA who were desperate for influence in Washington, trying to reach conclusions that would change the lives of all Americans. | |||
 | |||
Academe isnât dead yetâŠbut we arenât removing the cancer either. We are just letting it go untreated. | |||
|timestamp=6:16 PM · Jul 26, 2024 | |||
}} | |||
 | |||
 | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1856409509646024925 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=For whatever reason the campaign doesnât reach out much. I donât know why. But that is an observation so I donât want to take crap for observing it. | |||
 | |||
There are many dissident experts out here. Their phones are not ringing, and when you point this out it is treated the wrong way. âBoo hoo, everyone has a hand out.â Itâs so dumb itâs funny, because these are exactly the people who have stood up for free for 30+ years. Just effing call them. They precede MAGA. | |||
 | |||
Bottom line: there arenât enough hardcore MAGA among the experts who know where the bodies are buried to run and fix the government. But there are dissident experts everywhere who will work even better in these positions. People who are aligned with the idea of clearing out the rot and who arenât famously aligned with ideology. Patriots if you will. | |||
 | |||
Let me give an example. If you wanted to tackle [[Immigration|immigration]] you would hear lots of talk about '''George Borjas'''. And Norm @matloff. And Michael S Teitelbaum. And Edith Holleman. Iâm not hearing any. | |||
 | |||
If you wanted to solve the problem of the CPI undercounting inflation you would be discussing the failure of Superlative Index Numbers, the [[Boskin Commission|Boskin treachery]]Â and work of Bert Balk, Erwin Diewert, F. Fisher and Shell, Amartya Sen, Herb Gintis, P Malaney & me, Subramaniam Swamy, @tylercowen. | |||
 | |||
If you were focused on the workforce for STEM you would reach out to all the critics who have been dying to fix or even discuss these problems. Richard Freeman, Ralph Gomory etc are old. But you would hear about them. I donât . | |||
 | |||
Look. Bottom line: MAGA doesnât understand how administration Jobs work. If dissident experts were so hungry for jobs for personal gain they wouldnât have been living on scraps and berries fighting this war against Washington before Trump ever came on the scene. They sacrificed their comfort for the country often scraping by. That is not the class of people asking to be made Treasury secretary on Twitter. | |||
 | |||
The MAGA picture of expertise is wrong. Expertise didnât fail. What failed is which experts we went with for 32 years. We just have the wrong experts everywhere. Donât be afraid of non MAGA dissident experts. But they arenât going to fall over themselves to beg for a position. | |||
 | |||
The interpretation of MAGA and the campaign not reaching out is this: | |||
 | |||
The transition team doesnât understand the dissident expert landscape and doesnât seem to care to either. Itâs about loyalty. | |||
 | |||
I donât know if that is true because I have never spoken to anyone in the campaign. | |||
 | |||
If it is wrong, then just place some calls out here. But I am not hearing from anyone I know among the heterodox experts âHey I just got a call from the incoming administration.â | |||
 | |||
I hear those calls coming to other people. But not the quiet folk. | |||
 | |||
Start here: Call '''Borjas''' on [[Immigration|immigration]] if you havenât already. Call Norm Matloff. Call Harald Uhlig in general. I could go on. | |||
 | |||
Everybody more or less knows everybody. They will help staff. And you will get great people who just arenât very well known. One manâs opinion. | |||
|timestamp=6:51 PM · Nov 12, 2024 | |||
}} | |||
[[Category:Ericisms]] | [[Category:Ericisms]] | ||