AP at @faubusiness | AE at @_PublicChoice | Fellow at @AIER’s @SoundMoneyProj | Monetary History & Political Economy | Views my own
Boca Raton, FL
Joined September 2022
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A work in progress, but I used @claudeai to organize all the Chicago price theory problems @irwincollier has collected from the archives. Access the database here: bryancutsinger.com/teaching/…
Suggestions welcome.
Economics in the Rear-view Mirror has crossed the 2000th artifact threshold. Presenting the Univ of Chicago’s economic theory prelim from the Winter quarter of 1953.
irwincollier.com/chicago-gra…
Excited to share that Money Mischief and Fiscal Folly, my new book with my colleague Alex Salter, is available for pre-order!
Why did experts miss the 2021 inflation surge? We explain what went wrong—and make the case for monetary rules and a stable dollar.
Out April 13!
Pre-order your copy of Money Mischief and Fiscal Folly here:
amazon.com/dp/1598134418
Please share with anyone interested in monetary policy, inflation, and fiscal responsibility!
CC: @aier and @IndependentInst
Bryan Cutsinger retweeted
Excited to share this new work on mapping economic theory with agentic AI!
The astonishing rise in AI math capability can help us understand formal models in economics.
We do it by using LLM agents to represent theory papers as graphs.
See thread by @andreacicca_ here:
AI is increasingly used to find errors in research. But which ones actually matter and deserve our attention?
Our new paper with @ellliottt and @sergallet maps the logic of economic models into claim graphs to assess how much an error changes their conclusions.
Bryan Cutsinger retweeted
There's no incentive to leave if California's net wealth tax is a one-off, says advocate @gabriel_zucman, author of an annual *global* wealth tax proposal & whose own paper on California's said "if Proposition 40 passes...it could encourage...a permanent annual wealth tax."
Bryan Cutsinger retweeted
COMING OCTOBER 29: I'm launching a new economics podcast for the @CatoInstitute called The Economics of It.
Subscribe now to ensure you receive the first episode with @Kalshi CEO @mansourtarek_ direct to your feed.
Links to channels in next tweet.
Bryan Cutsinger retweeted
NEW: Captured Gatekeepers: Controlling Entry into Licensed Professions
A new policy brief by @BryanPCutsinger and @siriterjesen finds that 22 out of 25 program accreditors fail to operate "separate and independent" of the associations for licensed professions.
Bryan Cutsinger retweeted
For decades, French governments have tried to buy peace with spending concessions or by abandoning reforms. Now public debt is 119% of GDP, the deficit is 5.4%, and a massive fiscal adjustment is needed. What does this tell you about France’s ability to reform?
Bryan Cutsinger retweeted
‘Anti-fascist economics’ argues that the recent inflation bred support for authoritarianism. Unfortunately, it flubs what caused most of the inflation. wapo.st/4sdEOrT
Bryan Cutsinger retweeted
Re reading Hayek is one of the best uses of time. The only better use is reading him for the first time (if you haven’t).
Bryan Cutsinger retweeted
“a higher degree of entrepreneurship unambiguously increases output, the capital stock, and real wages… In this context, policy reforms that promote entrepreneurship would foster innovation, productivity, and higher real wages.”
onlinelibrary.wiley.com/doi/…
Bryan Cutsinger retweeted
Six Nobel Prize-winning economists, and @gabriel_zucman, have endorsed California's proposed billionaire tax. But what do economists who actually specialize in taxation think?
I surveyed them to find out. Turns out they don't support it. 🧵
Bryan Cutsinger retweeted
He's baaack! @GeorgeSelgintakes time off from living the good life in Spain to weigh in on lessons learned from the Fed's Main Street lending facilities, emergency lending facilities, and the Fed's balance sheet task force. mercatus.org/macro-musings/g…
Bryan Cutsinger retweeted
The BEA’s annual revisions shaved a few tenths off the rate of inflation.
But spending levels suggest the Fed’s fight is far from over.
cc: @BryanPCutsinger
thedailyeconomy.org/article/…
Bryan Cutsinger retweeted
“The good news is we have a thick literature on the topic at this point.”
The thick literature:
The idea that "popular narrative" on minimum wages "turns out to be wrong" because it's not paid attention to "replication" is just wrong.
There are tons of replications in minimum wage research. And not just replication, but new research that extends the analysis. Just because a one team wants to critique a paper doesn't make it a "replication failure."
The good news is we have a thick literature on the topic at this point.
And that body of research strongly shows that to date, minimum wages have raised wages without causing much change in employment.
Bryan Cutsinger retweeted
How successful are American businesses?
In AIER's latest Explainer, @BryanPCutsinger shows how the Federal Reserve distorts the answer to that question by including net earnings of the Federal Reserve in corporate profits.
Bryan Cutsinger retweeted
"Our central finding is that unexpectedly strong demand was the dominant driver of the postpandemic inflation surge in both regions." Who knew? (1/2)
Bryan Cutsinger retweeted
And Buchanan was right:
"You can draw your own conclusions about the desirability of the minimum wage, but the fleeting hope that it raises wages without trade-offs is gone."
@ATabarrok at @MargRev: marginalrevolution.com/margi…
Bryan Cutsinger retweeted
Yesterday, we issued a statement opposing new proposals to ban or restrict U.S. diesel exports.
“Proposals to ban or restrict U.S. diesel exports are counterproductive. Export bans would not lower energy costs, especially beyond the immediate term, and would instead raise prices, weaken energy security, discourage investment, and undermine America’s reliability as an energy supplier..."
Read the full press release here: heritage.org/press/heritage-…
