Luis Garicano 🇪🇺🇺🇦 @lugaricano@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
RT @SMerler: #EnergyCrisis: energy savings in 🇩🇪 versus 🇮🇹. In Germany, gas consumption has decreased by 15% on average during the first 6 months of the year compared to 2021. If it keeps saving energy at this rate, Germany will have enough gas to withstand a scenario with 0 Russian flows. 1/
In "The Heroes of Retreat" Enzensberger argued that Gorbachev, Jaruzelski, Suarez, who accepted peacefully the end of the tyranny that empowered them, were more praiseworthy than traditional warrior heroes.
Every human owes a debt to Gorbachev, the original hero of retreat.
RT @paulg: One advantage of having multiple sovereign states is that you can run experiments to test your unbelievably stupid policy ideas without everyone having to adopt them.
RT @igorsushko: @Google Translate is flipping the meaning of the text in some languages. "To go dark" is not a complicated concept to translate you'd think.
For clarity: Do not share any information with regards to the ongoing Battle for Kherson.
RT @igorsushko: 🚨 URGENT & CRITICAL: Armed Forces of Ukraine are requesting that everyone go dark on posting any information, videos, photos, with regards to the Battle for Kherson. Operation Security is critical. Please spread this message across all social media channels.
Europe continues to be complicit here: Russian oil continues to be exported mostly in Greek tankers.
RT @RobinBrooksIIF: Russia is exporting more crude than ever. Oil tankers are flagged all over the place to conceal ownership. We built a web crawler that goes from shell company to shell company to find the owner. Russia exports so much oil thanks to Greek-owned oil tankers. With @JonathanPingle
Great thread on a facinating new paper by @joachim_voth @ReddingEcon Stephan Heblich supporting the (Eric Williamson) old hypothesis that the accumulation of wealth from the slave trade played a key role in Britain's wealth accumulation and the industrial revolution.
RT @joachim_voth: most seeing increases in welfare by 40% or more. Prior to Britain's involvement in the slave trade, places with lots of slave wealth in 1833 were no …
@Egocrata @CsFernavarro @AndresVelasco
Key unknown: could be a destabilising feedback loop.
Great job @ft @lesliehook @digitalcampbell
H/t for pointing the story @paulg
5/5
Figure 3. Tropical areas account for most emissions: wetlands in South Sudan, cows in India, rice paddies on SE Asia.
4/5
Figure 2. Key sources are bacterial, not fossile- wetlands and cattle.
3/5
Figure 1. Largest concentration ever of methane, sharp rise.
2/5
@Egocrata @AndresVelasco ?s=20&t=NCpKwqs7yYB-QkI7Mjpb_A
RT @sapinker: Journalists & psychologists take note: Nature Human Behavior is no longer a peer-reviewed scientific journal but an enforcer of a political creed. I won't referee, publish, or cite (how do we know articles have been vetted for truth rather than political correctness)?
The punchy opening paragraph.
RT @sapinker: Journalists & psychologists take note: Nature Human Behavior is no longer a peer-reviewed scientific journal but an enforcer of a political creed. I won't referee, publish, or cite (how do we know articles have been vetted for truth rather than political correctness)?
Yet here is where we must be most worried (and uncertainty is greatest).
With energy prices skyrocketing, the politics of the Winter are atrocious.
Many in Europe are itching to throw Ukraine under the bus and accommodate Putin again.
Source: ICE
Only one thing can stop the inevitable: Western support for Ukraine. With Western support, the Ukrainians can keep fighting.
Cruelly, it is Western ‘support’ that has kept Russia so well-funded.
Source: Tankers @RobinBrooksIIF ; Fossil Fuels: @CREACleanAir
The @economist attributes this strength to
- Previous rounds of sanctions had left the Russian economy quite insulated.
- Stewardship is in the hands of competent technocrats.
- Most shamefully - the EU paid €86bn for fossil fules since the war started.
https://crea.shinyapps.io/russia_counter/
It is not just the strong Ruble, at levels last seen in 2018. Some data from the @economist:
- Industrial production down only 1.8% YoY.
- Inflation, at 10%, better than in much of Europe
- Activity recovering (below)
- Consumer spending stable YoY
- Unemployment stable
How many Congressional and White House staffers, and assorted think tankers in DC got a debt-relief cheque today?
Any one has an alternative explanation for this insane giveaway?
https://www.washingtonpost.com/education/2022/05/22/student-loan-borrowers/
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
