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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Sri Thiruvadanthai‏ @teasri 8 Oct 2017
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      Contra Krug, Diamond-Dybvig does not help us understand 2008. For one, we had deposit insurance. Even if you say that it was a run on ....

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    2. Sri Thiruvadanthai‏ @teasri 8 Oct 2017
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      ....shadow banking, Diamond-Dybvig tells us nothing when to expect a run.

      2 replies 0 retweets 2 likes
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    3. Sri Thiruvadanthai‏ @teasri 8 Oct 2017
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      ...If you fail to acknowledge the secular rise in leverage in the private sector, you could not have foreseen 2008-09. Krug and mainstream..

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    4. Sri Thiruvadanthai‏ @teasri 8 Oct 2017
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      ...cannot bring themself to acknowledge heterodox thinkers. MIT keynesians are like the Bourbons, they learn nothing they forget nothing.

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    5. AH 🏔️‏ @shishiqiushi 8 Oct 2017
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      Replying to @teasri

      Same as stiglitz market for Lemon paper, the actual model says that if their is info asymmetry, no market clearing price is possible

      1 reply 0 retweets 0 likes
    6. AH 🏔️‏ @shishiqiushi 8 Oct 2017
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      Replying to @shishiqiushi @teasri

      *akerloff paper

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      Molson Hart‏ @Molson_Hart 8 Oct 2017
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      Replying to @shishiqiushi @teasri

      but the model in the lemon paper isn't equivalent to the real life situation. You can know with a degree of certainty what you're buying.

      4:44 PM - 8 Oct 2017
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        1. AH 🏔️‏ @shishiqiushi 8 Oct 2017
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          Replying to @Molson_Hart @teasri

          then why pretend like the model is telling you something new about the real world? Same as DD model

          1 reply 0 retweets 2 likes
        2. Molson Hart‏ @Molson_Hart 8 Oct 2017
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          Replying to @shishiqiushi @teasri

          I'm not. I don't look to economics papers to understand the real world. That might be the worst place to look actually haha

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