New research collaboration with the European Central Bank (European Central Bank) First paper: Reassessing Euro Area financial integration, looking through the financial activities taking place in European “onshore offshore financial centers” (OOFCs) — Luxembourg, Ireland, and the Netherlands.

Reihan on the political difficulties of selling supply-side progressivism to the progressive coalition theatlantic.com/ideas/archive/…

A culture transplant helped get us the New Deal: "[I]mmigrants influenced American political ideology during one of the largest episodes of redistribution in US history — the New Deal..."

How many anti-semaglutide articles has the Guardian published now? More than a dozen I think, attacking it from every spurious angle possible. It’s always weird to be reminded that your reasoning (to me it seems obviously a positive thing) is wildly different from someone else’s:

This brings to mind the graphic, below, from the NYPD’s very thorough, comprehensive 2015 report on Quality of Life Policing. The intro by Bill Bratton is worth a read. nyc.gov/html/nypd/down…

Actual communism is bad for your health kirkegaard.substack.com/p/actual-commu…

Meh x.com/blair_fix/stat…

Cool new study in Criminology & Public Policy that revisits and reanalyzes data from the classic Kansas City Patrol Experiment. Findings suggest even in areas much larger than "hot spots," proactive patrol had a nontrivial suppression effect on crime. #AcademicTwitter onlinelibrary.wiley.com/doi/10.1111/17…

Between 1962 and 1995 Italy would occasionally release 35% of its entire prison population on one day through a broad, sweeping pardon. Unsurprisingly, these pardons drove up crime very substantially. deliverypdf.ssrn.com/delivery.php?I…

In PNAS today, Greg Clark documents the inheritance of social status in an impressive dataset on 422,374 people born in England between 1600 to 2022. Clark finds a strong persistence in social status going from close to distant relatives, which fits a model dating back to RA

This week in Everest regressions…

Yet in Ghio et al JAMA Surgery (2023), they *did* measure plausible indicators for structural racism (Gini for income inequality and an entropy index for segregation), found no effect of these indicators, and still put "structural racism" in the fucking title.

But Eric Topol the point is that America is *not* an outlier when you account for the fact it is so rich x.com/EricTopol/stat…

No, it 𝘪𝘴 the calories. All calories, particularly palatable and energy-dense foods, such as fats and sugars, are much more affordable and accessible today than at any other time or place in history. The Hadza don't have DoorDash. x.com/sixers2772/sta…

New article by me: The rise in reported maternal mortality rates in the US is largely due to a change in measurement. ourworldindata.org/rise-us-matern… The change was adopted by different states at different times, resulting in what appeared to be a gradual rise in maternal mortality.

How credible was the "credibility revolution"? How robust is empirical research in economics? We just replicated a year's worth of the American Economic Review & had economists predict robustness. Here's what we learned. econstor.eu/handle/10419/2…

This is yet more brilliant work by Parker. The government can constrain Medicare prices: And this lowers manufacturer revenues: Leading to less R&D spending, and then to fewer new medical devices and patents: And lower overall product quality: