A problem at the moment is the conflation of "increases in the Consumer Price Index" with "inflation" and they aren't precisely the same thing. At least, the theoretical concept of "inflation" which economists think about when they are lost in their models is not identical to this, especially over the not-very-long-term.Supply chains bottlenecks, energy price spikes, and various monopoly power pricing are not "inflation" as imagined by economists. If it isn't essentially "too much money sloshing around" then "less money sloshing around" is not the solution.Inflation as currently experienced by consumers is not the "inflation" that is solved by jacking up interest rates and driving people out of work, and in fact this solution is likely to exacerbate the problem in addition to creating additional economic misery.Good job, everyone, as usual. Now you can move on to the next disastrous idea while blaming (spins wheel) trans people.
turning a big dial that says "Recession" on it and constantly looking back at economists for approval like a contestant on the price is right— Osita Nwanevu (@OsitaNwanevu) June 15, 2022
Folks, please spend a moment reviewing this data. The lie that Joe Biden or policies implemented to help people struggling with COVID caused our current inflation levels needs to be put to rest once and for all. https://t.co/VB2up4j85G— David Rothkopf (@djrothkopf) June 14, 2022
Second, conspiracy theories.
Beware promoting "told you so" economists who got the causes of this inflation wrong, who continue to harp on Biden Admin public policy as the problem even though inflation is a global problem and Biden policies played a minor role in fueling the current situation.— David Rothkopf (@djrothkopf) June 14, 2022
Other related tweets:
Excellent thread on #KlondikePapers and the necessity to have them reviewed and corroborated before we decide who is involved and what the confirmed connections are. Patience, grasshoppers. 🪶🥰 Rest with peace in your spirit and hope in your heart. Tomorrow, rise with love. 🪶😊 https://t.co/jr6hitqyyt— Debbie ᑳᑫᓯᒧᑐᑕᐁ (@ironbow) June 16, 2022
BTW that's not how I feel. Just testing the waters to see what others think.— Occupy Calgary (@CalgaryOccupy) June 15, 2022
Very interesting podcast.@Justin_Ling wrote a criticism of over-cooking #KlondikePapers story w/o verification, then went on Blundell podcast to defend it. https://t.co/VqrdoeHt9J— Alison Creekside (@CreeksideAlison) June 16, 2022
Kudos to all participants: Justin Ling, David Wallace, Nathan Jacobson, James DiFiore, Ryan Lindley https://t.co/Q1l5maG9vQ
Meanwhile in Ottawa, Trudeau brings the Boom!
I guess Ling took the place of Paul "The Resistance" Wells as MacLeans' own manifestation of the Paul Wells rule:— Jackie Blue 🇺🇸 🇨🇦 🇺🇦 🌻 (@MsFuddleDuddle) June 16, 2022
"If everyone in Ottawa 'knows something,' it's probably not true."
The YOW bubble "just knows" the #KlondikePapers are fake. Therefore, they're the real deal.
Moving to Ukraine, analysts are noticing that Ukraine is making progress on the southern front toward Kherson:
I love how the past two days, Trudeau and the Safety Minister are fighting back with accurate statements— Brooke Fairplay. 💜💛☮💙💛 (@FairplayDesigns) June 15, 2022
At Daily Kos, Mark Sumner reports on the Kherson offensive also. He notes:
Otoh. the Ukrainians have retaken basically as much land as they have lost in the Donbas in the last 4 weeks in their offensive towards Kherson. This is as important as the offensive in the Donbas, but you dont read stories of Russians struggling in this front. pic.twitter.com/XSi3zfccTd— Phillips P. OBrien (@PhillipsPOBrien) June 15, 2022
Ukraine is going to have to fight through a whole series of Russian-occupied villages and hard points, and they’re trying to do so without leaving a trail of absolute destruction.It all adds up to a formula that is extremely unlikely to generate the kind of rapid, decisive results that would be so gratifying. However, there’s some extremely good news out of all this.Just two weeks ago, we were talking about Russia mounting another assault on Kryvyi Rih to the north, or sending a column to Zaporizhzhia to the northeast. Neither of those things materialized.Because even if we’re not sure where Ukraine’s counteroffensive is being most effective, everyone agrees that Ukraine is on the offensive. And it’s being effective.
Markos also notes that European nations are sending arms to Ukraine without making big announcements about it:
Dumb joke. If properly supplied, given their range, one launcher can cover each of those fronts. The challenge isn’t the number of launchers. It’s supplying enough ammo. https://t.co/UpJCH2sxi2— Markos Moulitsas (@markos) June 15, 2022
I’ve seen more Italian Air Force flights into Rzeszow [Poland] the past few weeks than almost any other country. Yet they’ve never once made a broad announcement about what they’re sending. They’d rather help quietly, rather than rub it in Russia’s nose. Same with the French and even the Germans, as much shit as they get. Stuff is flowing in 24/7.
Today’s Conservatives jump up and down about vaccine mandates and the WEF, but have next to nothing to propose in the way of serious policy changes. Mulroney brought in free trade, radical tax reform, sweeping regulatory liberalization etc etc etc.— Andrew Coyne 🇺🇦 (@acoyne) June 15, 2022
The test of your “conservatism” then becomes not your willingness to stand up for conservative principles, but your readiness to abandon them if that is what the leader’s office and the expediency of the moment require.— Andrew Coyne 🇺🇦 (@acoyne) June 15, 2022
Maybe the last 1,000 years. Not the next. https://t.co/rEtatP8WMf— Gerald Butts (@gmbutts) June 15, 2022
Finally, this is completely off-topic, I know. But here is a tweet thread with such useful advice for academics submitting their research for publication, and dealing with Revise & Resubmit requirements (and the dreaded Reviewer Two). So I just had to add it into this post:
It’s so great that Twitter has all these unofficial (and often anonymous) epidemiologists, climate scientists, economists and medical doctors to weigh in every time I tweet about something they disagree with. Super helpful.— Jen The Feisty Librarian (@Feisty_Waters) June 15, 2022
What I have learned as a political science author and editor about coping with peer reviews: a 🧵for early career scholars about how I handle the horror of an R&R. Just kidding, but you know who you are R2: (1/)— Kristen Harkness (@HarknessKristen) June 15, 2022
Manuscript after Reviewer #2 edits & revisions pic.twitter.com/HkZYfho0Od— Madhu Pai, MD, PhD (@paimadhu) June 14, 2022