It’s the year of tariffs! These tariffs are performative: no one is importing EVs from China anyway. This will hurt Polestar but they’re supposed to start producing in the U.S. anyway and may benefit from a loophole. I published the data here: csis.org/analysis/green…

Bill is brutally honest. Take him at face value. He can claim to be an egalitarian, but take him at his words. When your politics call for “culling of the human population” it deserves the same antipathy Bill has for people.

This is an insane eco-fascist fantasy.

Indonesia's 2023 trade data is out (Badan Pusat Statistik)!

Here is an update to how the nickel sector downstreaming/industrialization strategy is doing:

Export growth is slowing but...
export size of nickel & related products is huge and has reached almost $30 billion!

🐎➡️🐘

On May 7th, the engineer, producer, and musician Steve Albini died at his home in Chicago, where he has run a recording studio, Electrical Audio, since 1997. It’s almost impossible to quantify his impact on underground music. nyer.cm/HGkkzon

This is bananas

Good. Data center tax breaks are one of the most egregious corporate handouts out there. bloomberg.com/news/articles/…

One of the few things more unbearable than having to spend time with an economist is having to spend time with a philosopher.

Suez Canal shipping volume was down by two-thirds in April 2024 compared to the previous year, intensifying global trade disruptions. More insights on PortWatch. portwatch.imf.org

Indeed, if the IRA funds were spent automatically, climate policy would probably be dead because you'd have hundreds of 'Solyndras' and scammy projects. We do care about project quality and durability!

Our mental models aren't well suited to an era of economic development.

welcome back steve albini

Big Tech Acquisitions and Innovation: An Empirical Assessment | Laureen de Barsy Axel Gautier
#EconTwitter
cesifo.org/en/publication…

Incredible headline

The Biden administration is preparing to raise tariffs on clean-energy goods from China in the coming days, with the levy on Chinese electric vehicles set to roughly quadruple wsj.com/economy/trade/… via The Wall Street Journal

Excited to share my latest article, co-authored with Jonas Nahm, out now in the APSR:

Strategies of green industrial policy: How states position firms in global supply chains.

Steve Albini was a gravitational force in the American underground, via Chris _ _ Richards wapo.st/44AHzb6

My latest project-syndicate.org/commentary/gre…

Math stat puzzle:

a distribution f generate probabilities p_i. We do not get to see p_i. Instead, we see

X_i ~ binomial(p_i, n)

you’ve seen so many X_i, you know the distribution of X_i, unconditional on p_i

Say n=3. What do we know about f?