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
I am really happy to go back to what was my home, the LSE. I will work to make @LSEPublicPolicy the top global Public Policy School. And I promise to do my part to reconnect the UK to Europe and beyond.
Can't wait to meet you all!
RT @LSEPublicPolicy: We are delighted to announce the appointment of Professor Luis Garicano as full Professor of Public Policy. A leading scholar, and former MEP @europarl_en, @lugaricano will join us from August 2023.
Find out more…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638914495559901186
RT @Mylovanov: I signed a letter by economists accusing Jeffrey Sachs of:
1. Denying the agency of Ukraine
2. Falsely claiming NATO provoked Russia
3. Denying Ukraine's sovereign integrity
4. Presenting Ukraine as a divided country
https://voxukraine.org/en/open-letter-to-jeffrey-sachs/ 1/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638715760389365760
RT @jawillick: Statement on liberal values from the Stanford Law dean is admirably forthright and unqualified. A milestone in the campus speech wars:
https://t.co/OewPKvE1LS
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638679362693394432
RT @ethanbdm: I don't agree with this thread.
Scientists are entitled to political and policy views. But calling those views scientific is confused.
Scientist's political & policy views, like anyone's, reflect facts and values.
They don't have any special claim to deference wrt values.
1/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638514071359111169
Now the anxiety has expanded to counter orders &to go -they give you an iPad where it suggests some tips, even though you got no service.
RT @Birdyword: Any time I'm in the US I panic about tipping. Very offensive not to tip waiters, I get that. The barman? Him too I think. Taxi drivers? No idea. I'm wandering round with a clenched fistful of bills offering them to people I bump into. Tried to tip a vending machine last time.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638366911997042691
RT @k_sonin: An open letter by a large group of economists to Jeffrey Sachs, a Columbia University economist who is pushing the Putin's line on Ukraine:
https://voxukraine.org/en/open-letter-to-jeffrey-sachs/. Many thanks to the authors who painstakingly and carefully assembled facts that debunk the myths that Sachs…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638206067602751488
Enhorabuena al equipo de @elconfidencial. Es difícil mantener la independencia cuando tienes a Iberdrola en frente, que usa su poder sin freno alguno.
RT @miquelroig: Probablemente no recordéis este hilo de febrero de 2022 que os copio abajo, pero han pasado más de 13 meses desde que Iberdrola reclamó a un juez que impusiera a @elconfidencial una compensación de hasta 17,6 millones. La semana pasada tuvimos noticias al respecto. Hemos ganado.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638107304338903043
RT @miquelroig: Probablemente no recordéis este hilo de febrero de 2022 que os copio abajo, pero han pasado más de 13 meses desde que Iberdrola reclamó a un juez que impusiera a @elconfidencial una compensación de hasta 17,6 millones. La semana pasada tuvimos noticias al respecto. Hemos ganado.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638105213893586944
Having a blast reading "The Company: a short history of a revolutionary idea" by @adwooldridge and Micklethwait. Lots of insights into the history of the joint stock corporation since the Babylonians. One example:
🐦🔗: https://n.respublicae.eu/lugaricano/status/1638019255286345728
- On the morning of 30 september 2008 Ireland guaranteed "irrevocably" for 2 years all bank deposits.
- In November 2010, directly as a result, Ireland had to request a bailout from the European Union.
The guarantee was a big mistake.
RT @markets: EXCLUSIVE: US officials are studying ways to let the FDIC temporarily insure deposits beyond the current $250,000 cap on most accounts, without having to get approval from a deeply divided Congress https://www.bloombe…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637992659758247936
True in Europe as well, particularly in Germany. You cannot understand anything about (the lack of) EU banking union or (the lack of) European deposit insurance without understanding the political power of sparkassen.
RT @AlecStapp: A really important and counterintuitive point from @ezraklein that most people aren’t aware of:
The small banks are much, much more politically powerful than the big banks in Washington, DC.
They’re popular and every member of Congre…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637988273871003648
Félicitations M. @EmmanuelMacron . A very necesssary reform: implicit pension debt is almost 4 times French GDP.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637962424463785985
The regulatory hanky panky with Held To Maturity portfolio (which does not get marked to market because the bank "promises-promises" it will not sell it) adds a huge amount of instability to Bank valuations.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637871218844917793
More deadpan from the @FT.
@FTAlphaville
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637868436775739392
RT @RaoulRuparel: Which then leaves them two choices either they want a hard border on island of Ireland or they want all UK in SM & CU (though May backstop came close & they rejected that). They should be clear of which of these they want to see. (3/3)
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637830666040537088
Sorry @ft but CS is not like Santander Popular. Both had CoCos wiped out. But Popular equity holders received one euro (total)- no inversion in seniority of claims. In CS, shareholders receive SFr 3bn. https://on.ft.com/40hyeBJ
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637638290856615936
A banking system combining (1) massive benefits for shareholders and managers with (2) constant crisis at large cost to the public is unacceptable.
A radical reform is necessary prohibiting deposit-taking institutions from originating new loans. #ChicagoPlan
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637631400080822272
RT @gendal: I think it’s one of those irregular verbs. “We merged. You were acquired. They were the beneficiary of an emergency rescue”
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637624643774300160
Credit Suisse: RIP.
The best epitaph is in this hilarious paragraph.
RT @mroliverbarnes: And so the deal is done. Here’s to the memories…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637593054981791745
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
