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.

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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.
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Rugilandavyi Barabona \U0001f1f9\U0001f1ff \U0001f1e7\U0001f1ee
Rugilandavyi Barabona ...
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‼️𝗦𝗖𝗔𝗠/𝗙𝗥𝗔𝗨𝗗/𝗖𝗢𝗡
So there is a self proclaimed successful business woman that started her business ventures at 15 y/o with $5 (=8000Tsh🤡) as per 2013 exchnange rate, now in 2020 she is 22 y/o and allegedly revenues millions of dollars from her many businesses


She claims to have had 25 businesses, yes 25 businesses but now only has 7 that are running successfully 24/7 earning her millions of dollars in revenue.

I have no doubt that she has been hustling with a lot but that does not legitimise any of those hustles as most were shady.

Call me a hater/jealous/poor/broke or whatever but I know a scammy business when I see one and my concern is not a personal matter against her but rather people who fall for the rags to riches story and therefore pay her for business mentoring/wealth management

The following are just few among many red flags about this person's businesses, I welcome any others to contribute in this thread however they want but just keep it respectful.

🚩 Stealing photos from the Internet and editing her name on them for her Ad campaigns, branding them as if they were her actual products and projects while they're not. You source most of her posts just by a Google image search . And they have nothing to do with her.
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1/10

This is a really tough problem to resolve, especially if the massive increase in inflows from the trade and financial accounts are sustained, as I expect they will be well into 2021.

Clearly the PBoC would like to see the RMB gradually...

2/10

strengthen. This would keep financial markets stable and promote rebalancing, but the RMB has already strengthened a lot, and this puts unwanted pressure on exporters and “international circulation”.

Although PBoC reserves have been flat, other state-controlled Chinese...

3/10

banks have bought large amounts of dollars, but this is expensive. If these banks have half a trillion dollars of exposure, for example, they are losing at least $15-17 billion annually on negative carry, plus another $20-30 billion just this year from the rise of the RMB.

4/10

Beijing seems also to be trying other measures to slow the rise. The regulators are relaxing capital controls on outflows. In mid October the PBoC cut to zero the reserve requirement ratio for banks doing FX forward trading. This requirement was created in 2018 to reduce...

5/10

downward pressure on the RMB. In late October it suspended the counter-cyclical factor in RMB fixing, which was introduced in 2017 also to reduce downward currency pressure. But in both cases while the RMB dropped a few pips on the news, it quickly resumed its upward climb.
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Ben Norton
Ben Norton
@BenjaminNorton
Priyamvada Gopal is part of a class of elite academics in the imperial core who teach the ruling class, and use woke radlib rhetoric to justify current Western imperial aggression.

She echoes propaganda against Syria, Iran, and China and is silent about Venezuela, Nicaragua, etc


Anti-anti-imperialist Cambridge University Professor @PriyamvadaGopal smears opponents of the Western neocolonial war on Syria as "Assadists"

Would she ever call liberal imperialist Obama a "blood-soaked cretin"? He has exponentially more blood on


The CIA spent over a billion dollars per year arming and training "rebels" who massacred and ethnically cleansed Syrian civilians, especially religious minorities.

But anti-anti-imperialist @PriyamvadaGopal insists these CIA-backed contras are


This was elite anti-anti-imperialist Cambridge University gatekeeper @PriyamvadaGopal's response right after colonial powers the US, UK, and France bombed Syria in April 2018 on bogus lies that have since been


Of course anti-anti-imperialist Cambridge Professor @PriyamvadaGopal's is also a supporter of the neoliberal imperialist European Union -- one of the key institutions of European necolonialism
ECONOMY
Rayburn
Rayburn
@RayburnTime
@Lol_0fficial @HoodieMorr @shoe0nhead Oh my goodness. Economic interests -absolutely- tie into this. You need to think about 1) that there are different factions involved & 2) people see economic interest more broadly than just govt spending. On the first point, evangelicals have been part of the Republican base B1/X

@HoodieMorr @shoe0nhead since the party became identical with movement conservatism, but movement conservatism only became significant as an ideology because of coalition building. Movement conservatism brought together the hawks, laissez faire economics, and cultural conservatives. B2/X

@HoodieMorr @shoe0nhead Evangelicals have always been the best organized element of the cultural conservative faction. Trump's coalition is a new one and it includes cultural conservatives, but that is the only element that is unchanged - and really even it is somewhat different.
B3/X

@HoodieMorr @shoe0nhead A minor difference is accepting Obergefell (which has made it possible for openly gay people to be highly visible members of the new coalition), but the main difference is that social conservatives no longer make a priority of the politician as an individual
B4/X

@HoodieMorr @shoe0nhead as opposed to focusing on politicians merely as conduits through which government is affected. The foreign policy contingent changed completely. The hawks are just gone from Trump's coalition. Instead there's a deep skepticism of interventionism, but without the desire B5/x
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1 of 16: WE ARE ALL JEWS HERE: THE STORY OF RODDIE EDMONDS

One of the most moving and relevant stories of the Battle of the Bulge, or any American Soldier in any war, is that of Master Sergeant Roddie Edmonds, a Knoxville, Tennessee native, who served with the 106th Infantry.


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Roddie was captured early on in the Battle of the Bulge, on December 19th, when Panzer forces plowed through his unit.

He, along with almost his entire regiment, was forced to surrender.


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The men were transported to the Stalag IX-A POW camp in Ziegenhain, Germany.

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प्राचीन काल में गाधि नामक एक राजा थे।उनकी सत्यवती नाम की एक पुत्री थी।राजा गाधि ने अपनी पुत्री का विवाह महर्षि भृगु के पुत्र से करवा दिया।महर्षि भृगु इस विवाह से बहुत प्रसन्न हुए और उन्होने अपनी पुत्रवधु को आशीर्वाद देकर उसे कोई भी वर मांगने को कहा।


सत्यवती ने महर्षि भृगु से अपने तथा अपनी माता के लिए पुत्र का वरदान मांगा।ये जानकर महर्षि भृगु ने यज्ञ किया और तत्पश्चात सत्यवती और उसकी माता को अलग-अलग प्रकार के दो चरू (यज्ञ के लिए पकाया हुआ अन्न) दिए और कहा कि ऋतु स्नान के बाद तुम्हारी माता पुत्र की इच्छा लेकर पीपल का आलिंगन...

...करें और तुम भी पुत्र की इच्छा लेकर गूलर वृक्ष का आलिंगन करना। आलिंगन करने के बाद चरू का सेवन करना, इससे तुम दोनो को पुत्र प्राप्ति होगी।परंतु मां बेटी के चरू आपस में बदल जाते हैं और ये महर्षि भृगु अपनी दिव्य दृष्टि से देख लेते हैं।

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इस पर सत्यवती ने भृगु ऋषि से बड़ी विनती की।


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The last lines:
"So here's my hat into the air,
Three cheers for your amazing hair,
For coal mines, and for turbines, too,
For steel, the Comintern and you!"

A not exactly graceful (though possibly satirical) title: "Lines Disassociating Myself from Yessenin and Supporting the Otherwise Unfounded Legend that I am a Foremost Proletarian Writer"

An excerpt:
"Goodbye verses of Yessenin
Goodbye literary slop-
You are not the line of Lenin
You are not the line of WAPP

Never shall I moan a
simple lyric from the heart
I'll devote my new corona
to the proletarian art"

The poet was Joseph Freeman, who published much of his revolutionary verse in the New Masses, a stylish journal of the interwar American literary Left.
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