#TylerCowen

[fatpinocchio]

Tyler's twitter account was hacked yesterday for the most pedestrian of motives:

An amazing new weight loss product! It worked for me and I didnt even change my diet! [link redacted] - tylercowen (@tylercowen) May 31, 2012

Justin Wolfers tweeted that this was rather unimaginative and following a challenge from Eric Crampton at Offsetting Behaviour a new meme was born, #tylertweets...

Its hard to imagine spoons will exist in their current form in 30 years. What does this tell us about the social discount rate? #tylertweets - Modeled Behavior (@ModeledBehavior)

Given what we know about the money illusion, should the moon be destroyed or doubled? The answer is not clear to me. #tylertweets - Modeled Behavior (@ModeledBehavior)

#tylertweets cannibalism is wrong, but not for the reasons it’s critics say. We ignore the wisdom of cannibals at our peril. - Modeled Behavior (@ModeledBehavior)

#tylertweets careful viewers will note Big Momma’s House 3 is biting satire of modern central banking. Most underappreciated drama of 2011? - Modeled Behavior (@ModeledBehavior)

[newsuburbanism]

Cities and suburbs seem to be converging, https://t.co/OmJnp5EwUw— tylercowen (@tylercowen) October 11, 2017

http://twitter.com/tylercowen/status/918151245331877888

[jkottke]

Ultra-Precise Ice Core Sampling and the Explosive Cause of the Dark Ages

536 AD was an exceedingly bad year for humanity, perhaps even "the worst year to be alive".

A mysterious fog plunged Europe, the Middle East, and parts of Asia into darkness, day and night -- for 18 months. "For the sun gave forth its light without brightness, like the moon, during the whole year," wrote Byzantine historian Procopius. Temperatures in the summer of 536 fell 1.5°C to 2.5°C, initiating the coldest decade in the past 2300 years. Snow fell that summer in China; crops failed; people starved. The Irish chronicles record "a failure of bread from the years 536-539." Then, in 541, bubonic plague struck the Roman port of Pelusium, in Egypt. What came to be called the Plague of Justinian spread rapidly, wiping out one-third to one-half of the population of the eastern Roman Empire and hastening its collapse, McCormick says.

For Science magazine, Ann Gibbons writes about a new ice core sampling technique that is providing new insight into the causes of the fall of the Roman Empire and the Dark Ages in Europe.

Mayewski and his interdisciplinary team decided to look for the same eruptions in an ice core drilled in 2013 in the Colle Gnifetti Glacier in the Swiss Alps. The 72-meter-long core entombs more than 2000 years of fallout from volcanoes, Saharan dust storms, and human activities smack in the center of Europe. The team deciphered this record using a new ultra-high-resolution method, in which a laser carves 120-micron slivers of ice, representing just a few days or weeks of snowfall, along the length of the core. Each of the samples -- some 50,000 from each meter of the core -- is analyzed for about a dozen elements. The approach enabled the team to pinpoint storms, volcanic eruptions, and lead pollution down to the month or even less, going back 2000 years, says UM volcanologist Andrei Kurbatov.

Wow, this is like time travel! You should read the whole piece...it's not long or technical. I loved the bit about how lead pollution provides evidence for the rise of the merchant class in medieval Europe. (via @tylercowen)

[iampjr]

Is crypto a form of regulatory arbitrage? Yes, says @tylercowen — and that's one of its virtues https://t.co/l5aEIs6RnC via @opinion

Is crypto a form of regulatory arbitrage? Yes, says @tylercowen — and that’s one of its virtues https://t.co/l5aEIs6RnC via @opinion

Is crypto a form of regulatory arbitrage? Yes, says @tylercowen — and that’s one of its virtues https://t.co/l5aEIs6RnC via @opinion — Patrick Rooney (@patrickrooney) Jul 26, 2022 https://platform.twitter.com/widgets.js from Twitter https://twitter.com/patrickrooney

[abaditya]

Twitterfav archive 07/01/2022

Today was asked by to explain a Web3 use case.I clipped … tags: twitterfav Today @pmarca was asked by @tylercowen to explain a Web3 use case. I clipped this gem from 28:08 of Conversations With Tyler. Highly recommended… https://t.co/Qe2jlFuqKK Yesterday was asked to explain a Web3 use case.I clipped … tags: twitterfav Yesterday @packyM was asked to explain a Web3 use case. I clipped this gem…

[novellearningblog]

The Dominance of Loss Aversion #ThursdayMorning @TylerCowen Loss aversion is a dominant force in many of our individual lives and in many of our societies.

[pkstudiosindia]

Wearing masks may generate immunity against Covid-19 virus, according to leading macroeconomic influencers – Pharmaceutical Technology

Wearing masks may generate immunity against Covid-19 virus, according to leading macroeconomic influencers – Pharmaceutical Technology

Research has indicated that carrying masks will help in limiting the publicity of the Covid virus and in flip generate an immune response within the physique. Masks will help in rising asymptomatic circumstances and sluggish the unfold of the illness. Macroeconomic influencers share their views on the Covid -19 influence.

Adam Ozimek

Adam Ozimek, chief economist at Upwork, shared an article on how carrying masks will help in offering immunity against the Covid-19 virus. Research revealed within the New England Journal of Medicine notes that carrying masks will help in lowering the severity of the virus.

Wearing a masks will help in making a type of inoculation that may generate immunity against the virus and sluggish its unfold as a vaccine is awaited. The analysis signifies that the quantity of virus an individual is uncovered to determines the severity of the sickness.

Masks will help cut back the quantity of virus an individual is uncovered to and induce an immune response, whereas guaranteeing that a big proportion of recent infections are asymptomatic.

Some public well being officers opposed masks early for Peltzman impact causes. But if that is proper, is masks + regular habits for decrease danger populations optimum? cc @tylercowen https://t.co/ONJYY1ymAm

— Adam Ozimek (@ModeledBehavior) September 13, 2020

Colin Williams

Colin Williams, professor of public coverage at University of Sheffield, shared an article on the rise in Covid-19 circumstances within the UK. According to analysis carried out on the Imperial College London, the variety of circumstances is doubling each 7.7 days. At this charge, the UK could have 10,000 new circumstances every day within the subsequent two weeks.

Although social distancing guidelines have been tightened, solely 46% of adults are sustaining social distancing, according to the Office for National Statistics. Further, as universities begin to reopen the an infection charge is projected to rise.

Is this the beginning of a second wave and is the UK ready? #Covid19UK #CovidUK #COVID19 #COVID #coronavirusuk #coronavirusuk #CoronavirusLockdownUK #coronavirus https://t.co/jaQ9CSSYim

— Colin Williams (@Colin_CWilliams) September 13, 2020

David Wessel

David Wessel, director of Hutchins Center on Fiscal & Monetary Policy, shared an article on the Federal Reserve’s advice for extra stimulus from the federal government. Democrats and Republicans within the US are but to attain a consensus on the following spherical of stimulus.

Research signifies that elevated spending somewhat than decrease charges will stimulate the financial system and assist in stopping a deeper recession for the US.

Why Fed officers are longing for extra stimulus from Congress: new analysis says spending, not decrease charges, would do extra to forestall deeper financial scars from the coronavirus pandemic https://t.co/bqiSkWtrD6

— Nick Timiraos (@NickTimiraos) September 13, 2020

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Ian Bremmer

Ian Bremmer, a political scientist and creator, shared an article on how the composition of international college students within the US. The US President Donald Trump beforehand introduced at first of the pandemic that international college students may be pressured to return if universities don’t reopen.

India and China account for 52% of all worldwide college students arriving within the US. During the 2019-2019 educational 12 months, worldwide college students contributed $41bn to the US financial system. As universities formalise their plans for the following semester, the way forward for roughly a million college students stays unsure.

Factors together with the pandemic and Trump’s insurance policies are making the US a much less engaging vacation spot for international college college students. Where have most US international college students come from? #GraphicTruth @gzeromedia https://t.co/if1z0555E7

— ian bremmer (@ianbremmer) September 13, 2020

Prof. Steve Hanke

Prof. Steve Hanke, economist at Johns Hopkins University, shared an article on Sudan declaring an financial emergency after the Sudanese greenback declined sharply. The nation had declared a nationwide emergency for 3 months after flooding led to a number of deaths.

The article notes that officers blamed the manipulation brought on by opposing transitional authorities for the autumn within the Sudanese greenback. Sudan is primarily a gold producer and had applied steps to open up its markets by transferring commerce to personal buyers. The transfer, nonetheless, prompted folks to promote gold above market value aimed toward transferring the alternate charge. The authorities is organising particular courts to curb smuggling and different unlawful actions.

Amidst large floods which have destroyed 1000’s of properties, #Sudan has now declared an financial emergency. The forex is junk & inflation has skyrocketed to 286.14% by my correct measure. A by no means-ending demise spiral.https://t.co/ZwTxgDRyiU

— Prof. Steve Hanke (@steve_hanke) September 13, 2020

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The post Wearing masks may generate immunity against Covid-19 virus, according to leading macroeconomic influencers – Pharmaceutical Technology appeared first on Pet Food India.

from WordPress https://petfoodindia.com/wearing-masks-may-generate-immunity-against-covid-19-virus-according-to-leading-macroeconomic-influencers-pharmaceutical-technology/

[oliverdamian]

Thank you @stripe Been wanting to #read this @tylercowen #book #bookstagram #startcon (at Royal Randwick) https://www.instagram.com/p/B5KMajkhjK_/?igshid=1jigzd7ern9s2

[joshuajacksonlyblog]

“Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp

Bitcoin does not need to do anything to become a global reserve currency until Mr. Donald Trump is in command at the White House.

That is what Jameson Lopp of CASA said on Friday in response to the President Trump’s call to manipulate the value of the US dollar. The chief technology officer stated that financial systems are inevitably failing under the political influence of “fickle fallible humans.” And as they keep eroding the system from the inside, people would be left with no choice but to look for financial backups that are entirely independent of their decisions.

“There’s one perspective that Bitcoin need not do anything else [in order to] become a global reserve currency: all it needs to do is nothing as it watches other systems inevitably fail under the follies of fickle fallible humans,” Lopp said.

There's one perspective that Bitcoin need not do anything else in order to become a global reserve currency: all it needs to do is nothing as it watches other systems inevitably fail under the follies of fickle fallible humans. https://t.co/B2xCE5t0ME

— Jameson Lopp (@lopp) July 3, 2019

Toying with Greenback

Trump on Wednesday accused the Europe and China of playing a “big currency manipulation game.” He suggested that the United States should match up to them, a remark many analysts assumed was the president’s call to weaken the dollar. The greenback reacted negatively to the statement. On the day of the tweet, the US dollar index, which measures it against a basket of major currencies, slipped into the red.

Mark McCormick, a forex strategist at TD Securities, believes that Trump is saying what is going to happen thanks to the Federal Reserve’s likelihood of cutting interest rates.

“It’s pretty clear the currency is definitely a focus … you have some new Fed nominees which lean on the dovish side, you have the Fed ready to cut rates, you have a slowing U.S. economy,” he told CNBC. “There’s a period here where the currency is going to weaken on these things.”

Anthony Doyle of Fidelity International, meanwhile, believes that weakening the dollar is the Federal Reserve’s “only game” if it wants to protect the US economy. He said:

“Generating inflationary pressures, generating competitiveness through a lower currency is one tool that central banks can use to support their economies.”

Bitcoin Bulls

The statements appeared to validate the cases against the centralized economies made by the bitcoin community. Over the last decade, the fan club has projected the cryptocurrency as the marriage of Gold’s scarcity and internet money’s speed. Many of them, like Lopp, still believe that bitcoin, a non-sovereign entity, is on its path to becoming a global reserve asset, much like gold.

Market analyst Alex Krüger, for instance, places “macroeconomic narratives” such as a weaker dollar among the catalysts that could propel the bitcoin adoption higher. Similar support of a bullish bitcoin comes from economist Tyler Cowen who recently flipped his negative views in favor of the cryptocurrency. He wrote in his Bloomberg opinion post:

“One final possible explanation for the resurgence of Bitcoin: Populism is spreading, the Middle East is not calming down, and the world is not solving its geopolitical problems. To the extent Bitcoin is a general hedge, much like gold, the conditions for its value seem to be favoring a high future demand for portfolio insurance. Even a small percentage of global wealth put into Bitcoin can sustain a high Bitcoin price.”

It seems crypto is not just a passing fancy: https://t.co/hO8hmoPeRc

— tylercowen (@tylercowen) June 28, 2019

Nevertheless, there are also many who do not believe in any upside projections confirmed by the bitcoin bulls. Renowned gold bull Peter Schiff is one among them. Though a long time critic of the Federal Reserve’s dovish policies, Schiff believes the solution to the global finance problem lies in gold, not bitcoin.

“How low would Bitcoin’s price have to fall for FOMO to become FOLE; “fear of losing everything,” causing hodlers to finally throw in the towel? Or are hodlers so convinced they are right, that they will bravely go down with the ship, and ride Bitcoin all the way down to zero,” he said.

The post “Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp appeared first on NewsBTC.

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[jkottke]

The Effects of Pollution on Human Cognition & Performance

While I am not a big fan of shifting to an economic argument for things that are already plenty bad for other better reasons (see diversity in the workplace, immigration policy, healthcare, etc.), this article by Austin Frakt on the economic cost of pollution reports on the results of a number of studies linking pollution to low performance in work and school. This study of baseball umpires was particularly troubling:

Pollution may also affect the quality of work, which is much harder to measure. An intriguing study in the Journal of the Association of Environmental and Resource Economists got at this issue by examining how accurately baseball umpires called balls and strikes under different pollution conditions.

Since 2008, pitch calls have been checked by Major League Baseball with an electronic system. In a typical game, an umpire makes 140 ball/strike calls. When there was a 150 percent increase over average carbon monoxide levels or the same increase in small particulate matter, the study found an average of 1.4 additional incorrect calls. Levels of pollution that high occur in about one in 10 games.

Imagine what the rest of us, especially kids, are getting wrong when we're in polluted areas (i.e. many American cities). (via @tylercowen)

[iampjr]

@tylercowen It's creating a divide, no doubt. I tend to favor shopping at stores that have dropped their masks...I'm far, far, far from elite...but it's trending.

@tylercowen It’s creating a divide, no doubt. I tend to favor shopping at stores that have dropped their masks…I’m far, far, far from elite…but it’s trending.

@tylercowen It’s creating a divide, no doubt. I tend to favor shopping at stores that have dropped their masks…I’m far, far, far from elite…but it’s trending. — Patrick Rooney (@patrickrooney) Oct 7, 2021 https://platform.twitter.com/widgets.js from Twitter https://twitter.com/patrickrooney

[michaelbennettcrypto]

“Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp

Bitcoin does not need to do anything to become a global reserve currency until Mr. Donald Trump is in command at the White House.

That is what Jameson Lopp of CASA said on Friday in response to the President Trump’s call to manipulate the value of the US dollar. The chief technology officer stated that financial systems are inevitably failing under the political influence of “fickle fallible humans.” And as they keep eroding the system from the inside, people would be left with no choice but to look for financial backups that are entirely independent of their decisions.

“There’s one perspective that Bitcoin need not do anything else [in order to] become a global reserve currency: all it needs to do is nothing as it watches other systems inevitably fail under the follies of fickle fallible humans,” Lopp said.

There's one perspective that Bitcoin need not do anything else in order to become a global reserve currency: all it needs to do is nothing as it watches other systems inevitably fail under the follies of fickle fallible humans. https://t.co/B2xCE5t0ME

— Jameson Lopp (@lopp) July 3, 2019

Toying with Greenback

Trump on Wednesday accused the Europe and China of playing a “big currency manipulation game.” He suggested that the United States should match up to them, a remark many analysts assumed was the president’s call to weaken the dollar. The greenback reacted negatively to the statement. On the day of the tweet, the US dollar index, which measures it against a basket of major currencies, slipped into the red.

Mark McCormick, a forex strategist at TD Securities, believes that Trump is saying what is going to happen thanks to the Federal Reserve’s likelihood of cutting interest rates.

“It’s pretty clear the currency is definitely a focus … you have some new Fed nominees which lean on the dovish side, you have the Fed ready to cut rates, you have a slowing U.S. economy,” he told CNBC. “There’s a period here where the currency is going to weaken on these things.”

Anthony Doyle of Fidelity International, meanwhile, believes that weakening the dollar is the Federal Reserve’s “only game” if it wants to protect the US economy. He said:

“Generating inflationary pressures, generating competitiveness through a lower currency is one tool that central banks can use to support their economies.”

Bitcoin Bulls

The statements appeared to validate the cases against the centralized economies made by the bitcoin community. Over the last decade, the fan club has projected the cryptocurrency as the marriage of Gold’s scarcity and internet money’s speed. Many of them, like Lopp, still believe that bitcoin, a non-sovereign entity, is on its path to becoming a global reserve asset, much like gold.

Market analyst Alex Krüger, for instance, places “macroeconomic narratives” such as a weaker dollar among the catalysts that could propel the bitcoin adoption higher. Similar support of a bullish bitcoin comes from economist Tyler Cowen who recently flipped his negative views in favor of the cryptocurrency. He wrote in his Bloomberg opinion post:

“One final possible explanation for the resurgence of Bitcoin: Populism is spreading, the Middle East is not calming down, and the world is not solving its geopolitical problems. To the extent Bitcoin is a general hedge, much like gold, the conditions for its value seem to be favoring a high future demand for portfolio insurance. Even a small percentage of global wealth put into Bitcoin can sustain a high Bitcoin price.”

It seems crypto is not just a passing fancy: https://t.co/hO8hmoPeRc

— tylercowen (@tylercowen) June 28, 2019

Nevertheless, there are also many who do not believe in any upside projections confirmed by the bitcoin bulls. Renowned gold bull Peter Schiff is one among them. Though a long time critic of the Federal Reserve’s dovish policies, Schiff believes the solution to the global finance problem lies in gold, not bitcoin.

“How low would Bitcoin’s price have to fall for FOMO to become FOLE; “fear of losing everything,” causing hodlers to finally throw in the towel? Or are hodlers so convinced they are right, that they will bravely go down with the ship, and ride Bitcoin all the way down to zero,” he said.

The post “Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp appeared first on NewsBTC.

from Cryptocracken WP https://ift.tt/30eYltQ via IFTTT

[brettzjacksonblog]

“Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp

Bitcoin does not need to do anything to become a global reserve currency until Mr. Donald Trump is in command at the White House.

That is what Jameson Lopp of CASA said on Friday in response to the President Trump’s call to manipulate the value of the US dollar. The chief technology officer stated that financial systems are inevitably failing under the political influence of “fickle fallible humans.” And as they keep eroding the system from the inside, people would be left with no choice but to look for financial backups that are entirely independent of their decisions.

“There’s one perspective that Bitcoin need not do anything else [in order to] become a global reserve currency: all it needs to do is nothing as it watches other systems inevitably fail under the follies of fickle fallible humans,” Lopp said.

There's one perspective that Bitcoin need not do anything else in order to become a global reserve currency: all it needs to do is nothing as it watches other systems inevitably fail under the follies of fickle fallible humans. https://t.co/B2xCE5t0ME

— Jameson Lopp (@lopp) July 3, 2019

Toying with Greenback

Trump on Wednesday accused the Europe and China of playing a “big currency manipulation game.” He suggested that the United States should match up to them, a remark many analysts assumed was the president’s call to weaken the dollar. The greenback reacted negatively to the statement. On the day of the tweet, the US dollar index, which measures it against a basket of major currencies, slipped into the red.

Mark McCormick, a forex strategist at TD Securities, believes that Trump is saying what is going to happen thanks to the Federal Reserve’s likelihood of cutting interest rates.

“It’s pretty clear the currency is definitely a focus … you have some new Fed nominees which lean on the dovish side, you have the Fed ready to cut rates, you have a slowing U.S. economy,” he told CNBC. “There’s a period here where the currency is going to weaken on these things.”

Anthony Doyle of Fidelity International, meanwhile, believes that weakening the dollar is the Federal Reserve’s “only game” if it wants to protect the US economy. He said:

“Generating inflationary pressures, generating competitiveness through a lower currency is one tool that central banks can use to support their economies.”

Bitcoin Bulls

The statements appeared to validate the cases against the centralized economies made by the bitcoin community. Over the last decade, the fan club has projected the cryptocurrency as the marriage of Gold’s scarcity and internet money’s speed. Many of them, like Lopp, still believe that bitcoin, a non-sovereign entity, is on its path to becoming a global reserve asset, much like gold.

Market analyst Alex Krüger, for instance, places “macroeconomic narratives” such as a weaker dollar among the catalysts that could propel the bitcoin adoption higher. Similar support of a bullish bitcoin comes from economist Tyler Cowen who recently flipped his negative views in favor of the cryptocurrency. He wrote in his Bloomberg opinion post:

“One final possible explanation for the resurgence of Bitcoin: Populism is spreading, the Middle East is not calming down, and the world is not solving its geopolitical problems. To the extent Bitcoin is a general hedge, much like gold, the conditions for its value seem to be favoring a high future demand for portfolio insurance. Even a small percentage of global wealth put into Bitcoin can sustain a high Bitcoin price.”

It seems crypto is not just a passing fancy: https://t.co/hO8hmoPeRc

— tylercowen (@tylercowen) June 28, 2019

Nevertheless, there are also many who do not believe in any upside projections confirmed by the bitcoin bulls. Renowned gold bull Peter Schiff is one among them. Though a long time critic of the Federal Reserve’s dovish policies, Schiff believes the solution to the global finance problem lies in gold, not bitcoin.

“How low would Bitcoin’s price have to fall for FOMO to become FOLE; “fear of losing everything,” causing hodlers to finally throw in the towel? Or are hodlers so convinced they are right, that they will bravely go down with the ship, and ride Bitcoin all the way down to zero,” he said.

The post “Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp appeared first on NewsBTC.

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[novellearningblog]

Focus on Process - a piece inspired by @tylercowen and his podcast #ConversationswithTyler with a tie-in to Seneca and #Stoicism Recently, Tyler Cowen released a podcast interview he did with Annie Duke, someone I remember from the days when my brother watched tournaments for the World Series of Poker. 

[lovecrazysaladcollection]

“国によって当然ながら扱う食材がまったく違えば、その調理法も異なる。日本人はいろんなものをたくさん作るが、ロシア人はじっくり時間をかけて一品を作って（ボルシチは作るのに三、四時間かけてその後毎日食べるらしい）、食べる。料理にほとんど関心がない国だと「肉を焼いて、食う！！」だけが正義の場所もあったりしてなんでこんなに食に対する考え方、文化が民族によって変わるんだろうなと不思議に思う。” - An Economist Gets Lunch: New Rules for Everyday Foodies by TylerCowen - 基本読書 (via ginzuna)

[learnliberty]

Why are men going missing from the American economy? https://www.youtube.com/watch?v=WWrwCiM4rUM&utm_campaign=coschedule&utm_source=tumblr&utm_medium=learnliberty&utm_content=MRU%20Complacent%20Class%20video%20on%20%22The%20Missing%20Men%22%20-%20Marginal%20REVOLUTION @mercatus @tylercowen

The Missing Men (Episode 4/5)

We’re going to paint a not-so-pretty picture of the current U.S. labor force: Millions of working age (25-54) American men do not have jobs and, because they...