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In a ranking of American universities by the number of foreign students, FIVE in the top ten are PUBLIC universities. My employer is #4, together with UCSD, Berkeley, Purdue and Illinois. Winter is here.

I want to be like Djokovic when I grow up.

The Formidable Five, Normandy Veterans at Colleville-sur-Mer for the 81th anniversay of D-Day. Ken Hay, 99 Richard Aldred, 101 Henry Rice, 99 Jim Grant, 100 John Dennett, 100 [📷 Gareth Fuller]

The Supreme Court in Argentina upheld the sentence convicting Mrs Kirchner. This merits a long post, but I will keep it short: A NEW HOPE.

The narrative linking Japan’s stagnation since 1991 to its financial crisis is largely a myth, more recently discussed in this episode of Dwarkesh Podcast. Japan’s growth performance is almost entirely explained by poor demographics. See Table 1 of my paper with Gustavo Ventura

Jesus Jesús Fernández-Villaverde spells out implications of our joint paper with Wen Yao quite clearly and much more eloquently than I could. Japan is no economic disaster in terms of growth rates, after properly accounting for demographics. It is easy.

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Increible historia.

Is there any other country that included something akin to the Pursuit of Happiness in its founding documents? I still find this amazing.

Some policy decisions seem random. Others are inexplicable when supposedly the manufacturing sector is loved very much. wsj.com/livecoverage/s…

'En la benemérita y muy digna ciudad de San Miguel de Tucumán a nueve días del mes de julio de 1816...' Es muy lindo el texto de la Declaracion de la Independencia de Argentina. es.wikipedia.org/wiki/Declaraci…

Great post by Jesús Fernández-Villaverde Fertility is declining very fast in Latin America. By now, all big countries in LATAM have fertility rates (TFR) below replacement. This surely implies that Americas as a whole are below replacement. A new world, indeed.