BC ECONOMY
Saved by @Alex1Powell

0/ A holiday economic theory reading list. Some of my favorite pieces on theory that can be read with minimal sweat, but with the maximal intellectual reward. In no particular order:

 1/ Myerson 1999. "Nash equilibrium & history of economic theory." JEL. Written with characteristic Myersonian elegance. "how a few short papers by a young mathematician achieved one of the great watershed breakthroughs in the history of social science."
https://t.co/XqDtKBcrAD
2/ Blackwell & DeGroot 1986. “A conversation with David Blackwell.” Stat Science. After his PhD at 21, "There were 105 black colleges at that time & I wrote 105 letters of application." Beautiful discussion on a gamut of ideas & his intellectual life. https://t.co/vfjbPpf21B
3/ Geanakoplos 1992. “Common Knowledge.” JEP. Zuper piece, lucidly written. Lots of interesting puzzles, great for teaching. When Moriarty says "All I have to say has already crossed your mind," Holmes retorts "then possibly my answer has crossed yours." https://t.co/JQOUsPipDn
4/ Morris 1995. "The common prior assumption in economic theory.” E&P. This beauty was Stephen's first chap of PhD thesis! Does rationality imply CP? Does relaxing CP make theorizing uninteresting? Is failure of CP a failure of information processing?
https://t.co/RnCg0JIl07.
5/ Aumann & Hart 2005. “An interview with Robert Aumann." Macro Dyn. To be savored with a steaming cup of chai (or whisky on rocks). Brimming with deep moments. Aumann's view on the folk theorem, how agree to disagree came about, religion, much more.
https://t.co/xO2BnIYlhw?
6/ Rubinstein 2006. “Dilemmas of an economic theorist.” Ecmta. What are we all trying to do writing models? Rubinstein at his insightful (and provocative) best. "I do think we are simply the tellers of fables, but is that not wonderful?"
https://t.co/bYPAsWbJ8G
7/ Gilboa, Postlewaite & Schmeidler 2008. "Probability & uncertainty in economic modeling." JEP. Beautiful overview of subjective probabilities, Savage's theory of choice, limits of the sure thing principle, Ellsberg paradox, and multiple priors approach. https://t.co/HPi5pFrwf4
7/ cont See also a valiantly argued and thoughtful critique of the ambiguity/MP approach by Al-Najjar & Weinstein.
https://t.co/3jDTnzdt3c
8/ Ostrom 1999 "Coping with the tragedy of commons." Ann Rev Pol Sc. Hardin's idea arguably one of greatest insights of recent times. Ostrom elegantly & persuasively recasts the question in view of evidence from the field and the lab. Research ideas here! https://t.co/r2WEl6cUpg
9/ Rabin 1998. “Psychology and economics" JEL. A fantastic documentation of the "first wave" of behavioral economics. Heuristics, biases and their impact of decision making, and the broader quest to incorporate more psychology into economic theory.
https://t.co/OtwEP9pyks
10/ Read everything by/on Joan Robinson. Remarkable economic theorist of 20th cntry. Found a beautiful essay by her in Cambridge library "Economics is a serious subject (1932)" hard to find copy. Here is NYT on her in 1972 & thread by @Undercoverhist https://t.co/kPdnBnnH6n
11/ Haile 2020, “Structural vs. reduced form: Language, confusion, and models in empirical economics." working slides. Superb deck to understand (amongst other things) role of models in empirical work. Hope @PhilHaile can do a Zoom lecture on this soon!
https://t.co/uVTHNnTAMc
12/ Extra credit! The Economist's "School briefs". Lucidly written summaries of some great ideas of modern economics. https://t.co/Ep9PAHXCS2. And, "A mathematician's apology (1940)" by GH Hardy-- on the value of abstraction beyond immediate applications
https://t.co/PRpTdpURDM
13(end)/ Here is hoping we all continue to theorize as we end this painful year for mankind. In addition to the putting that critical structure on data, it may provide us "narratives that make us look at reality differently" (David Pearce). A promise for our polarized times.

More from Economy

\U0001f1fa\U0001f1f8 \U0001d7dc\U0001d7d8\u210d\U0001d556\U0001d552\U0001d555 \U0001f1fa\U0001f1f8 \u2b50\u2b50\u2b50 \U0001f1fa\U0001f1f8
🇺🇸 𝟜𝟘ℍ𝕖𝕒𝕕 🇺🇸 ⭐⭐⭐ 🇺🇸...
@40_head
1. HUGE DISCOVERY!

What would have been exposed if @GenFlynn hadn't been impeded by corrupt FBI, DOJ and the Obama White house?

He'd have exposed CHINA and their laundering of IRANIAN OIL MONEY!

Read the thread below for the back story on how they went after Flynn.
ECONOMY
Patrick Chovanec
Patrick Chovanec
@prchovanec
Inflation is always and everywhere a monetary phenomenon RELATIVE to real economic activity. This last part is key.

Also, measuring “the money supply” is a tricky thing, because it lives and breathes with the economy.
ECONOMY
Advertisement
\uc2e0\ub150\uc758\uc0ac\ub098\uc774
신념의사나이...
@Belposto_korea
Little history of QFS

Let’s put all this Woo Woo stuff aside and find out what the QFS has been doing over the last two years or so. It has been very busy.

Those involved in using this computer have learned how to “connect” into the archaic Central Bank computer(s) system. Through the SWIFT transfer protocol used by the Central Banks (CB),/2

the QFS has obtained account information from every Tier 1 bank account in every bank in the world that is linked to the SWIFT transfer system./3

It has also obtained info for 2nd tier and 3rd tier banks that don’t have their own SWIFT transfer codes and use Tier 1 banks to service their customer’s transfer requests. Tier 2 &3 banks have accounts in Tier 1 banks that are used to transfer money./4

With this information, the QFS was integrated into the SWIFT transfer system and programmed it to where each transfer is channeled through the QFS to record transfer data. The data is then inserted back into the SWIFT system to complete the transfer to the intended bank account.5
ECONOMY
Soham Das, CFA
Soham Das, CFA
@sohamdas
On Jan 6, 2021, the always stellar Mr @deepakshenoy tweeted, this:

https://t.co/fa3GX9VnW0

Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)


On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)

What do I mean, "fiddle with the exchange rate"?

In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"

RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)

First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.

Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)

The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM
ECONOMY
DataRepublican on gab
DataRepublican on gab
@DataRepublican
Originally posted Jan 5th - https://t.co/Vim3JlOtlZ

FULTON CO.

We're looking at "book votes." That is, people who are marked as having voted in the voter rolls. This is how Floyd County was detected - you had an excess of voters in the book vs. what was recorded on machines.


Jan 5th I mapped the book votes visually at a precinct level and found curious correlations that bears public scrutiny.

Screencaps are not from a public site, but underlying data given is real, public, and verifiable.

We'll be taking a precinct-by-precinct look at Fulton county excess votes. Excess meaning more recorded votes than book.

Fulton has 10K+ excess votes. This has been blamed on stale record keeping. At a precinct level, there are 14700 "excess" votes and 3900 "missing" votes.

This is a precinct map of Fulton County. There'll be a lot of data, so refer to these maps over and over until you understand. Here, the red and yellow/orange areas are where the most excess votes are (by ratio).


And for background context - this is a map showing where Trump votes are. This is a *relative* coloring not an absolute coloring (otherwise it'd be all blue). Fulton is strongly Democratic so the red areas are actually like 55% Trump at best whereas the blue areas are <5% Trump.
ECONOMY

You May Also Like

\u0936\u094d\u0930\u0940\u092e\u093e\u0932\u0940 \u0939\u093f\u0924\u0947\u0936 \u0905\u0935\u0938\u094d\u0925\u0940
श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89
#Thread
12 Most Powerful Hanuman Mantras

Hanuman ji is the Hindu God of strength, valor, agility, and wisdom. He is considered as the incarnation (avatar) of bhagwan Shiva. Hanuman ji is the symbol of devotion and dedication. He is the greatest devotee of Prabhu Shri Ram. 1/n


Hanuman ji is known by several names such as Bajrangabali, Mahabali, Maruti Nandan, Pawanputra, Mahaveer, and Anjaneya. Hanuman ji is the son of Bhagwan Vayu, the wind god.

God Hanuman played a prominent part in rescuing Mata Sitafrom the bondage of demon King of Lanka, Ravana.


One can worship Hanuman ji by chanting Hanuman Mantras. There are many different types of Hanuman Mantras, each fulfilling a specific purpose. Hanuman Mantras help to beget the blessings of Mahabali Hanuman for success. 3/n


Let’s explore these powerful Hanuman Mantras one by one. Here’s the list for you:

1. Hanuman Moola Mantra
!! Om Hanumate Namah !!
ऊँ हनुमते नम:

You can chant the “Hanuman Moola Mantra if you usually face problems and obstacles in your life.4/n
#hanumanjanmotsav


However, the Human Moola Mantra is also a very powerful success mantra.

It’s a Kaarya Siddhi Mantra.

It is highly advised that all those who usually face obstacles and problems in their life should chant the Hanuman Moola Mantra. 5/n
#hanumanjanmotsav
ALL
Ranvijay Singh\U0001f1ee\U0001f1f3
Ranvijay Singh🇮🇳...
@ranvijayT90
#Thread The legend of Ekadash Mukhi Hanuman ji...


Mahadev himself narrated the story of Ekadash Mukhi Hanuman ji to Maa Parvati. Once a great monster named Kalkarmukh performed the severe penance of Brahma ji.


Pleased with the austerity of the demon, Brahma ji gave him a boon that the person who will have eleven Heads like you and who was born on the day of your birth, only he/she will be able to kill you. No one else will kill you.


After getting a boon from Brahma ji, Kalkarmukh created a ruckus in all three lok. He invaded Swarg and snatched all the rights of the Devtas and became himself the king of Swarg.


All Devtagan came to Shri Rama and asked him for help. Hearing the agony of the Devtagan, Shri Ram called his supreme devotee Hanuman ji and said, "Pawan Putra, Sankatmochan".
HANUMANBHAKTI
Advertisement
Numberonepal
Numberonepal
@numberonepal
1/ Stolen from the greatawakening(DOT)win...

I will only be making one post here. Do not ask who I am. Do with this information as you please.

The Trump Card is being played. It's much simpler than you all realize. Some of you have gotten it right.
TRUMP , THE LAST DAYS IF THE REVOLUTION
Seth Abramson
Seth Abramson
@SethAbramson
(THREAD) Pre-election Russia collusion may take down Trump. It's equally possible the Trumps' pre- and post-election collusion with Saudi Arabia, the UAE, and Israel will do it—a course of collusion also connected to the Kremlin. I explain here. I hope you'll read on and retweet.


1/ I must stress how unbelievably complex the "Grand Bargain" theory of the Trump-Russia case is—a different thing from saying it's not substantiated. It's substantiated in *almost every single particular*—it just *also* happens to be very confusing. Not byzantine—just confusing.

2/ The basics: Saudi Arabia, Israel, and the UAE all view Iran as their chief regional enemy. Iran is propped up by Russia. Therefore the Saudis, Israelis, and Emiratis all need a US government willing to find a way to get the Kremlin to *stop* supporting Iran in the Middle East.

3/ The best way to get Russia to stop supporting Iran—or reduce support—was/is to drop all sanctions on Russia over its 2014 annexation of Crimea, as that'd be worth *trillions* to the Kremlin over the next decade. Everyone knew that Clinton wouldn't do this—and that Trump would.

4/ Per the NYT, on August 3, 2016, Donald Trump Jr. met secretly at Trump Tower with a Saudi and Emirati emissary, George Nader, as well as an Israeli intelligence expert, Joel Zamel, with *significant* ties to both Israeli intelligence *and* Russian oligarchs allied with Putin.
POLITICS
\U0001d54d\U0001d560\U0001d56a\U0001d552\U0001d558\U0001d556\U0001d563
𝕍𝕠𝕪𝕒𝕘𝕖𝕣...
@V0YAGERTWEETS
Ｇａｕ Ｍａｔａ Ｉｎ Ｖｅｄｉｃ
Ｃｕｌｔｕｒｅ

It is said that the one who bears the dust thrown from the hoof of Gaumata on his head, as if taking a bath in the water of the teerth sthalam and getting rid of all sins.


Ved and all other Hindu scriptures venerate the cow. The Vedic dictionary, Nighantu, gives amongst other synonyms of 'Gau' [ or cow] the words 'Aghnya', 'Ahi', and 'Aditi'.

Yaska the vedic decoder and commentator on Nighantu, defines these as-

Aghnya —— the one that ought not to be killed
Ahi —— the one that must not be slaughtered.
Aditi —— the one that ought not to be cut into pieces.

These three names of cow signify that this is an animal which should not to be put to tortures. These words appear frequently throughout the Veda in context of the cow.

But in due course the falsehood of killing cows spread far and wide and they became even more deep rooted when western scholars with their half baked knowledge of Sanskrit transliterated these interpretations of commentaries of Sayanacharya ,
ALL