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Associate professor of economics at John Jay College, CUNY. Fellow at Roosevelt Institute/Forward. Married to @LauraTanenbaum. Father of Eli and Abraham.

2,905 Following   11,093 Followers   16,595 Tweets

Joined Twitter 5/25/11


@mrcpangallo @RebuildMacro @AnToniPichler @RMaria_drc @INETOxford @arthurturrell @iainmartin1 @ian_goldin… https://t.co/1EpvNyxd3F"Let's not make any tough decisions because we have plenty of time" is his strategy for everything, from traffic sa… https://t.co/crh0NOp4oh
Retweeted by JW MasonThis shouldn't even be a question. At a time when crowded indoor spaces are a serious health hazard, how can anyone… https://t.co/Zy4UUa3epT
5/22
2020
@JWMason1 Quite happy with the increasingly non-means tested approach to school lunch subsidies - and this nice non… https://t.co/3osc9ON6Wo
Retweeted by JW Mason @maxbsawicky Sure, but the tax system is not regressive. You're right that if the main tax in the US was something… https://t.co/ZppXQSFsAD @maxbsawicky Maybe its time has come?Every additional means-tested program makes this problem worse. This is one reason - one of many - that we want Med… https://t.co/P4xbCrmzdXAccording to the article, this is the guy Cuomo wanted to put in charge of the whole MTA.Public sector management in 2020. https://t.co/miFyTr2kJX https://t.co/defCgcoWLD @BCynamon @arjun_jayadev @the_torff @MarkVinPaul Will definitely be taking you up on that. @arjun_jayadev @the_torff @MarkVinPaul Was definitely in the back of my mind. @Brad_Setser Gonna be weird to look back at this time period and realize how many people didn't realize that govern… https://t.co/H0P7V3n8LK
Retweeted by JW Mason
5/21
2020
@jedgarnaut At least it's not a BuzzFeed article. @maxbsawicky @MattBruenig Watching!You got to respect Ionnidis’ commitment to being absolutely wrong about this. https://t.co/I6B5tRcbda
Retweeted by JW Mason @KatharinaPistor @PMehrling Oh for sure. I'd actually assigned Perry's article and left the Beggs as optional, then… https://t.co/hBhKSHOj78 @wwwojtekk OK. But still possible that policy debates are using assumption of 100% uptake. At this point important… https://t.co/zg3LpFamj6 @wwwojtekk OK, thanks. One thing I was wondering about is how fairly existing literature was being chracterized. @Mitchell_JoshW @wwwojtekk @mattunrath I saw it. Criticisms seem reasonable but hard to see how they change qualitative results. @wwwojtekk How wrong is very wrong, tho? Is Matt's approachof assuming uniform uptake at the average rate more wron… https://t.co/Ojpnbm6y4x @MidwestDeplore @MattBruenig @delong @pearkes @ernietedeschi I am 100% fine with listening to the technocratic expe… https://t.co/z5qBKyqsfu @MattBruenig @delong @pearkes @ernietedeschi Yeah, that's really a separate conversation. And imo a much less productive one. @MattBruenig @delong @pearkes @ernietedeschi It's definitely not in my mine. That's why I included a tweet inviting… https://t.co/UVH3I9jeM1Just reread @mikejbeggs 's Jacobin piece on Minsky. It's really good! If you are curious about Minsky and wondering… https://t.co/IDlDnCXDN7So where are the pop-up bus lanes? Where is concern over employers' plans to bar workers coming in via mass transit… https://t.co/VR5uyKl1Kg
Retweeted by JW Mason @MattBruenig You could rerun your estimates using the paticipation rates from one of the studies he cites. Just eye… https://t.co/u9fTIfKICb @StynesMichael Thanks. Seems like some valid criticism on details, but nothing that would change qualitative result.This looks like a valid criticism of Bruenig's assumption about fraction of eligible people receiving benefit. But… https://t.co/gVY6pojkAp @mattunrath What's the evidence that that's implausible?This piece is a nice model for what kind of work on social programs is useful, which economists imo could profitabl… https://t.co/irMJ9oH36dThis is a good case study in problems with means-testing: admin costs higher; backward-looking income measures may… https://t.co/kHzaqzoCcfI'm not an expert on this, and I'd be very interested to hear from labor economists who think his specific factual… https://t.co/dcEI9blAVCThis piece by @MattBruenig arguing that the EITC has only half the impact on poverty that is usually claimed, seems… https://t.co/Nat6mjowkP @NathanTankus Actually that would be the fourth mandate. Don't forget moderate long-term intrest rates! :-)
5/20
2020
Here's a virtual event on "Green New Deal: a People’s Recovery from Corona & Climate crises", starting right now. I… https://t.co/86bPmXd2NP @tobyarbo Simple - a country with free financial flows can't set its own interest rate to meet domestic goals, like… https://t.co/rTW45PaTur @stonex100 @pickfos Exactly. Have you read @tsgouros on this? https://t.co/tg0iyKOFHu https://t.co/tSgYY17otp
5/19
2020
Outside the US/EU, this also means anyone genuinely concerned with public debt sustainability should be advocating for capital controls. @BenDWalsh I don't remember the "maybe" part. @MaxJerneck Sure. But keeping r low is a lot easier than raising g! @MacRoweNick Well, for instance, do the relevant policymakers respond to the two signals symmetrically? Do the inst… https://t.co/XbCZNzCPmg @MacRoweNick They're the same at a high level of abstraction, but not necessarily once you move to a more concrete level. @stonex100 The lesson people should be taking is that prefunding pensions is irrational when interest rates are low… https://t.co/9NCOaS7b9G @derek8921 @ToreEllingsen1 @dandolfa I don't think "real" is a useful category to be using here. Nominal interest r… https://t.co/DwFoP69QRG @derek8921 @ToreEllingsen1 @dandolfa OK, sorry, thoguth you wer making version of Neo-fisherian argument. My bad. Still don't agree, tho. @derek8921 @ToreEllingsen1 @dandolfa I may have misunderstood you. Are you saying that lower rates reduce inflation… https://t.co/Va1guje0gR @derek8921 @ToreEllingsen1 @dandolfa And I am saying that the claim that higher interest rates lead to higher infla… https://t.co/Xstu39EnO3The claim that since the "real" interest rate is fixed by fundamentals, lower nominal rates must lead to lower infl… https://t.co/My2ZKOPqMe @derek8921 @ToreEllingsen1 @dandolfa Claim that the "real" rate is exogenously fixed, so lower policy rate leads to… https://t.co/o2B21MlRgv @derek8921 @ToreEllingsen1 @dandolfa A bunch of freshwater types have been saying this for a decade or so. (Google… https://t.co/fM7uUDZqAe @ToreEllingsen1 @dandolfa Right, both the output gap/inflation and the debt ratio are jointly determined by fiscal… https://t.co/cjKETUtPla @adamshersh @econinbricks Haha, I wish. @rch371 @dandolfa My argument here, as in many things I've written over the years, is that *if* the debt ratio is p… https://t.co/VHuYXZD7ZL @PotomacRC @NathanTankus @AdamPosen @PIIE Right. What is not present here, or anywhere else I have seen, is a commi… https://t.co/UYQ72MU4ji @dandolfa I think that thinking about alternative policies, including central bank mandates, is an important part o… https://t.co/cXwhfoqC6k @dandolfa You don't need a theorem, you just need arithmetic. Period t+1 debt ratio= period d debt ratio times 1 +… https://t.co/cQZ2qXy6rT @theoryhack It's not guaranteed that this is possible at a non-negative rate. But the thing is, as the debt ratio g… https://t.co/8lBFDJmWo0 @PotomacRC @NathanTankus @AdamPosen @PIIE Unfortunately that's not quite enough, he also needs to say that th Fed w… https://t.co/JZJeBn4hCb @theoryhack As to whether it's sufficient - well, to keep the debt ratio from growing you need an interest rate equ… https://t.co/7kSRb7n3EP @theoryhack I'm not saying we should be concerned with it. I'm saying that if we are concerned with it, that's wher… https://t.co/8XdfdkZ64A @dandolfa How so? The change in the debt-GDP ratio is a function of the interest rate just as much as of the primar… https://t.co/Orw7fUmeRCThis is where the debate over government debt needs to be going. If the problem is the possibility of a situation i… https://t.co/9qxC0hkmZS
5/18
2020
Looks like the country has decided it's open again. https://t.co/mvuqYcAFqC
Retweeted by JW Mason @contextproblem I really hope causal cake is not a typo. @contextproblem @Sharon_Kuruvila @BuddyYakov @irl_neil OK. I guess to me a causal claim necessarily implies a counterfactual. @contextproblem @BuddyYakov @irl_neil @Sharon_Kuruvila So if we are interested in why Europe's African and Asian co… https://t.co/eswgrojMpx @contextproblem @Sharon_Kuruvila @BuddyYakov @irl_neil Do you think the question "how much did the existence of the… https://t.co/DmCFM2a0ZW @contextproblem @BuddyYakov @irl_neil @Sharon_Kuruvila How about history as in our timeline thru World War II, but… https://t.co/s6P8VLPMUl @irl_neil @BuddyYakov @contextproblem @Sharon_Kuruvila I'm sure many would have. But many of them presumably didn't… https://t.co/4lMXSJan0V @BuddyYakov @contextproblem @irl_neil @Sharon_Kuruvila What do you think would have happened to European colonies i… https://t.co/EFAJcaLHdT @IsaacScher__ The Grandin for sure. Here's a good review of How to Hide an Empire. https://t.co/18SKNQ1yrO @dandolfa Right. The solution for "fiscal risk" is for the Fed to commit to holding down Treasury rates as long as… https://t.co/2d4TYC9VnL @CStellakis I think there is a reason why the norm in literally every academic field is to declare conflicts of interest. @insanedreamer 1) Yes, my bad. But he's still an airline executive, so that doesn't matter afaict. 2) There are dif… https://t.co/MXpF2mfLp4 @NoblePublius @jdbatts79 Oh, I see, you're one of the people who wants to kill my parents so you can get a haircut. @NoblePublius @jdbatts79 Where's the 30% figure from? A couple weeks ago there was a claim of 22%, which given exce… https://t.co/O9mtiELpAR @kalhan @JetBlue I was slightly wrong about this - he's the founder and former head of JetBlue, now runs a differen… https://t.co/XdlyyFAEmt @Mateyush That's fair. For whatever it's worth, I added another tweet making the correction. @mpp75214 Would it be better if it were from the New York Times?* Founder, no longer CEO. Still an airline executive tho. Also, was already clear that there were serious problem… https://t.co/aVFbX6ibIN @Mateyush Really? My bad then. But does it change the story in any meaningful way?
5/16
2020
I remember way back in the old days making the argument that being a billionaire was bad—I’m just not sure why anyo… https://t.co/Og1Z6soXBr
Retweeted by JW Mason @PaulHerzog3 @lalasoo Definitely the latter. @teachinggov @flglmn Definitely don't want to let Gates off the hook. @Kumar_EconIneq for a reason, it turns outThousands of people are going to die because an aircraft guy funded ideological science https://t.co/KgJAU4MlEZ
Retweeted by JW Mason @RichPuchalsky Sorry yes I was wondering whose feed I saw that on, it was yours.There’s conflicts of interest. And then there's your CEO funder explaining that he's sought you out as the "solutio… https://t.co/S54Ez1VwNbRemember that Stanford study claiming coronovirus infection far more prevalent than we all thought, and fatality r… https://t.co/VFY9TkK91Z @stephsterlingdc Obviously I realize that. "won't allow" is imo reasonable twitter shorthand for "are an insuperable obstacle to". @ChrisMctwtr Wait, so "evildoers" = CBO?In all seriousness: If the current state of play is that Congress would like to do something to prepare for the pos… https://t.co/lwfplYhZmxWhen the Democratic House Speaker thinks that a bad number from the CBO is a bigger problem than millions of people… https://t.co/hw9T0SRw0V
5/15
2020
In a sane country, reopening would involve generous, universal paid sick leave, so that workplaces don't immmediate… https://t.co/tOwbTxul0m @asymptosis I think that is going to be challenging. In the US financial accounts, most flows are computed from the… https://t.co/H494cShdaLWhat "reopening" means in practice. (Note that they are also reimposing limits on sick days. Expose your coworkers… https://t.co/GmQYs3TxqC @asymptosis No, it means the capacity to make loans. Which is something quite different.
5/14
2020
@b9n10nt @davidshor If we take original claim seriously, there are three possibilities: 1) Improved education expla… https://t.co/kL54Rtmpv4 @b9n10nt @davidshor Yes, this is a beautiful example of the dishonesty of so much empirical economics.BuT wHaT aBoUt InFlAtIoN? https://t.co/uI0r5xqRBP
Retweeted by JW Mason
5/12
2020

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