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Thanks Katy. Love this clip.

This is thoughtful open.substack.com/pub/matthewygl…

Just found a song about reference points! Cass Sunstein Alex Imas Katy Milkman open.spotify.com/track/32hdwm17…

The obvious beer of choice right now. Get some before the tariffs hit!

Always love reading ⁦Clifford Asness⁩ but especially when I agree with him! The New 'Crypto Fort Knox' Is as Dumb as It Sounds thefp.com/p/trumps-crypt…

President Trump has taken an extraordinary and dangerous step of firing two FTC Commissioners. This is a dramatic ratcheting up of the politicization of the agency--the opposite of the direction it should be going in.

Richard Cooper famously said that "trade policy is foreign policy." Here's a case of foreign policy being trade policy. Denmark won't purchase US fighter jets because they fear dependence on US for spare parts and US isn't a reliable supplier anymore ⬇️

While Donald J. Trump wages a trade war over goods, the world could turn on America’s greatest economic assets: its intellectual property and the mechanisms that allow it to be monetized, warns Harvard's Growth Lab’s Ricardo Hausmann. bit.ly/4233lU6

Thanks to Stephen Dubner and the entire Freakonomics team for two great shows on #sludge freakonomics.com/podcast/sludge… but sorry they didn't take my advice to use Paul Simon's song on the afterlife which has this chorus: "you got to fill out a form first, and then you wait in a line"!

They seem to have mixed feelings about "diversity" and "litmus tests". Demands on Harvard: "abolish all criteria, preferences, and practices, whether mandatory or optional, throughout its admissions and hiring practices, that function as ideological litmus tests" "every

Speculative: Thinking about the end game on tariffs. Trump is going to retreat whenever the other side, be it a country (China) or a firm (Apple), turns out to have enough economic or political leverage. If the other side does not have leverage however, he will not. Thus,

Any sensible definition of "waste, fraud and abuse" would include wasting taxpayers *time*. For the vast majority of taxpayers, the IRS has the information it needs to send a draft return which you could file with one click. Who, besides tax prep firms, would oppose this?

Important plea. I am in. Sanity or chaos? nytimes.com/2025/04/17/opi…

What a great choice! Tim made every paper in the JEP better. I got more than my share of his help. Thank you Tim!

Twenty-eight countries and 187 suppliers. The newer iPhones have 2,700 parts made around the world. Moving the entire supply chain to the US is highly impractical and unrealistic in the span of the Trump presidency on.ft.com/3YkNajY

I love this so much. Warning: solving the puzzle requires some special knowledge.

Quite the quote.

My friend Bill James Online would have been a great behavioral economist if he had not more or less invented sports analytics. Baseball's gain, the economy's loss.

Read carefully. It does not explicitly say that it was not Austan inside that suit. After all, he did wear is wedding tux to class the morning before his wedding. Just sayin

My favorite Knicks team since Bill Bradley etc 50+ years ago.