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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jul 27

    When people talk about macroeconomics without even a hint of “but I could be wrong, I don’t understand it all,” you can safely know they’re full of shit

    2:15 PM - 27 Jul 2018
    • 33 Retweets
    • 299 Likes
    • Richard Norton Sensei ⛩ Oyinkansola Awosika Jowe Hernandez Maddie TO33IE Luca Dellanna Mfalme José Ma RM
    14 replies 33 retweets 299 likes
      1. New conversation
      2. Ruminative Orangutan‏ @Ruminorang Jul 27
        Replying to @AustenAllred @analyticascent

        I know a Paul Krugman dig when I see one 😉

        1 reply 0 retweets 5 likes
      3. Decentralization is the New Antitrust‏ @analyticascent Jul 27
        Replying to @Ruminorang @AustenAllred

        I'm going to scrape the entire archives of his column and extract specific contradictory claims he made about when deficits do or don't matter, whether a policy change was "too little, too late" or not, and so on. 😂 Boy is he a treasure. 🙃pic.twitter.com/HyWonYqZdX

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Decentralization is the New Antitrust‏ @analyticascent Jul 27
        Replying to @AustenAllred

        Every time someone makes ANY macroeconomic claim and ties it to partisan politics, I direct them to this interactive: https://projects.fivethirtyeight.com/p-hacking/  Macroeconomic claims have way too many variables with unpredictable latency to attribute success/blame to one party or another.

        0 replies 0 retweets 5 likes
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      1. Alex Hardy  🦊 🦔‏ @CantHardyWait Jul 28
        Replying to @AustenAllred

        And: it’s far easier to Macro-BS than Micro-BS -@nntaleb

        0 replies 0 retweets 2 likes
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      1. Finbarr Timbers‏ @finbarrtimbers Jul 27
        Replying to @AustenAllred

        At LSE, probably half the masters students come in wanting to do Phds in macro. Then they take their first grad macro class and...

        0 replies 0 retweets 2 likes
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      1. Neoliberal  🦃‏ @ne0liberal Jul 28
        Replying to @AustenAllred

        @Noahpinion

        0 replies 0 retweets 1 like
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      1. Simon Manning‏ @_Simon_K Jul 27
        Replying to @AustenAllred

        There are articulate experts who communicate brilliantly with confidence. But they weave their known unknowns into the discussion.

        0 replies 0 retweets 1 like
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      1. Matsu‏ @kagomeSkey Jul 27
        Replying to @AustenAllred

        this can be applied to so many things

        0 replies 0 retweets 1 like
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      1. Name Redacted‏ @Ungeziefer76 Jul 28
        Replying to @AustenAllred

        @Ruminorang Yeah, like with anything in your life. Be humble.

        0 replies 0 retweets 0 likes
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      1. Adam Greenwald‏ @agreenwaldHQ Jul 28
        Replying to @AustenAllred

        It’s all about the margin of error.

        0 replies 0 retweets 0 likes
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      1. Simon Manning‏ @_Simon_K Jul 27
        Replying to @AustenAllred

        Main stream macro economic theory, imop, has been coopted by powerful groups to perpetuate a particular narrative for political reasons. This has caused deep divisions in the profession and continues to cause huge damage to their credibility.

        0 replies 0 retweets 0 likes
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      1. Trump puts the POS in POTUS  🇺🇸‏ @GrouchoMarx1011 Jul 27
        Replying to @AustenAllred

        In other words, we shouldn’t have tax cuts because the proponents of tax cuts lack this same level of humility (also they’re wrong)

        0 replies 0 retweets 0 likes
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      1. Sachin Rekhi‏ @sachinrekhi Jul 27
        Replying to @AustenAllred

        Huh, I have always assumed when someone makes a statement without backing it with facts that it’s just an opinion. Adding IMHO to every such statement seems unnecessary. I’d rather just see the facts.

        0 replies 0 retweets 0 likes
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      1. BD Matthews‏ @matthews_bd Jul 27
        Replying to @AustenAllred

        Macro people with skin in the game often use stop-loss orders, but there’s rarely a pundit equivalent.

        0 replies 0 retweets 0 likes
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