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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
Verified account
@Noahpinion

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Noah SmithVerified account

@Noahpinion

Bloomberg Opinion writer. Elected "top neoliberal shill" of 2018. Occasionally posts anime gifs.

San Francisco, CA
bloomberg.com/view/contribut…
Joined April 2011

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    1. Now Here Not There‏ @nowherenorthere Oct 22
      Replying to @Noahpinion

      What series do you mean by 'that series'? I'm saying the series you posted (the one below) look like a PPP nominal dollar series.pic.twitter.com/qgeL8fS6Dz

      1 reply 0 retweets 0 likes
    2. Now Here Not There‏ @nowherenorthere Oct 22
      Replying to @nowherenorthere @Noahpinion

      In your series El Salvador's per capita GDP more than doubles 1999 to 2014. That doesn't show up in other data sources for any deflated series. Here World Bank:pic.twitter.com/XGVF3XWhzD

      1 reply 0 retweets 0 likes
    3. Noah Smith‏Verified account @Noahpinion Oct 22
      Replying to @nowherenorthere

      That's the same market exchange rate series from FRED. World Bank is where FRED gets that data.

      1 reply 0 retweets 0 likes
    4. Noah Smith‏Verified account @Noahpinion Oct 22
      Replying to @Noahpinion @nowherenorthere

      https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?name_desc=false …

      1 reply 0 retweets 0 likes
    5. Now Here Not There‏ @nowherenorthere Oct 22
      Replying to @Noahpinion

      Your link says: CURRENT international $. It is not CONSTANT international $.pic.twitter.com/m3p2xWEQOP

      1 reply 0 retweets 0 likes
    6. Noah Smith‏Verified account @Noahpinion Oct 22
      Replying to @nowherenorthere

      OMG just look at the World Bank's PPP numbers if you don't believe my numbers, Jesus Christ I sent you the link

      1 reply 0 retweets 0 likes
    7. Noah Smith‏Verified account @Noahpinion Oct 22
      Replying to @Noahpinion @nowherenorthere

      I don't want to be a jerk but you're aggressively disputing things that you don't understand well. Please look t the World Bank PPP numbers. I have not made a mistake.

      1 reply 0 retweets 0 likes
    8. Now Here Not There‏ @nowherenorthere Oct 22
      Replying to @Noahpinion

      I suggest you consult an economist you trust who works with this data for get a 2nd opinion. I'm 98% sure I'm not confused and I did work with this data in the (now distant) past.

      1 reply 0 retweets 0 likes
    9. Noah Smith‏Verified account @Noahpinion Oct 22
      Replying to @nowherenorthere

      Did you look at the World Bank PPP numbers, or are you just being belligerent at this point?

      1 reply 0 retweets 0 likes
    10. Now Here Not There‏ @nowherenorthere Oct 22
      Replying to @Noahpinion

      I did. As I pointed out above, the link you posted says 'current international $'. Current is the key word. [I've asked for a 2nd opinion on this from an international econ friend. I'll see what he says.]

      1 reply 0 retweets 0 likes
      Noah Smith‏Verified account @Noahpinion Oct 22
      Replying to @nowherenorthere

      PPP is measured in current international dollars. That's what it is.

      8:20 AM - 22 Oct 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Now Here Not There‏ @nowherenorthere Oct 22
          Replying to @Noahpinion

          Since it CURRENT international dollars the per capita income series you posted isn't inflation adjusted. Real per capita income in El Salvador hasn't doubled. You need to take inflation out if you want to see how much richer people are getting. That's my only point.

          1 reply 0 retweets 1 like
        3. Noah Smith‏Verified account @Noahpinion Oct 22
          Replying to @nowherenorthere

          Your problem is with the research I linked to, not with my PPP numbers. You're arguing that the PPP threshold for the immigration/PPP function should be inflation-adjusted. You should check the paper I linked to and see what they say about that.

          2 replies 0 retweets 0 likes
        4. Noah Smith‏Verified account @Noahpinion Oct 22
          Replying to @Noahpinion @nowherenorthere

          Also note that since U.S. inflation has been low for a while, real per capita PPP income in El Salvdor HAS doubled. Now I must fly on a plane. I have dealt successfully with this failed attempt at critique. My numbers are correct. (end)

          1 reply 0 retweets 0 likes
        5. Now Here Not There‏ @nowherenorthere Oct 22
          Replying to @Noahpinion

          Now Here Not There Retweeted Now Here Not There

          https://twitter.com/nowherenorthere/status/1054396216220569601 …

          Now Here Not There added,

          Now Here Not There @nowherenorthere
          Replying to @nowherenorthere @Noahpinion
          I very much suggest a 2nd opinion. '2005 PPP US$' isn't the same thing as 'current PPP US$.' It matters. https://twitter.com/Noahpinion/status/1054394152962600960 …
          0 replies 0 retweets 0 likes
        6. End of conversation

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