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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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    Noah Smith‏Verified account @Noahpinion Oct 25

    I might be the only person who likes the new CEA report on "the opportunity costs of socialism". Yes, much of it is silly. BUT, it gets economists talking about the big big ideas again. That conversation pretty much got dropped in the 80s.

    5:52 AM - 25 Oct 2018
    • 22 Retweets
    • 184 Likes
    • Stefano👾 Watson Ladd jgphil Ben Grodeck Matt Darling 🌐 Dontreachyngbld Daniel Laurison Leah Boustan Mirko Draca
    13 replies 22 retweets 184 likes
      1. New conversation
      2. Patrick Collison‏Verified account @patrickc Oct 25
        Replying to @Noahpinion

        Patrick Collison Retweeted Bloomberg Opinion

        You and Tyler!https://twitter.com/bopinion/status/1055171929022361600?s=21 …

        Patrick Collison added,

        Bloomberg OpinionVerified account @bopinion
        That White House report attacking socialism is timely, relevant and mostly correct, says @tylercowen https://bloom.bg/2D3MQOy 
        1 reply 0 retweets 19 likes
      3. Noah Smith‏Verified account @Noahpinion Oct 25
        Replying to @patrickc

        I will have a post about it in a day or two!

        0 replies 0 retweets 8 likes
      4. End of conversation
      1. Sam Feldman  🌹‏ @srfeld Oct 25
        Replying to @Noahpinion @tylercowen

        I get what you mean, but it seems strange to view the report as starting a conversation when 1) people were already talking about socialism anyway and 2) no one takes the report seriously because it is, as you say, silly.

        0 replies 0 retweets 6 likes
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      1. New conversation
      2. Luis Hasbun‏ @LuisHasbun Oct 25
        Replying to @Noahpinion

        I myself have not read it so I cant comment on the validity of it. I wonder how many of your followers bashing it have read it in its entirety as well?

        1 reply 0 retweets 1 like
      3. Kanwar Chohan‏ @kanwar_chohan Oct 25
        Replying to @LuisHasbun @Noahpinion

        People see socialism and pull the fire alarm.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. kar nels‏ @kar_nels Oct 25
        Replying to @Noahpinion

        But talking about USSR and Venezuela is not most helpful thing for evaluating what is working and not working in the here and now. Healthcare is huge issue for Americans and freaking 18 percent of our GDP, economists should be all in on that, not arguing over 40 years ago.

        0 replies 0 retweets 1 like
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      1. Bryan Sloss‏ @BS0064 Oct 25
        Replying to @Noahpinion

        I recently finished Sylvia Nassar’s book, Grand Pursuit. It’s all about the big ideas.

        0 replies 0 retweets 1 like
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      1. McCain fan‏ @NeverTr74704466 Oct 25
        Replying to @Noahpinion

        Yeah, but wouldn't it be nice to talk about NEW big ideas rather than what was all the rage in 1952?

        0 replies 0 retweets 1 like
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      1. Jacob Kreyberg‏ @TiberiusJacob Oct 25
        Replying to @Noahpinion

        But do you like the report or do you like the consequences of it having been written?

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Magnus Petersen-Paaske‏ @magnuspaaske Oct 25
        Replying to @Noahpinion

        Conversely, it should be discussed which parts of GDP actually enhances life satisfaction (even if that can be different between people and cultures). I would much rather go around on a 300$ bike and be healthy than pay 300$+ for a car + 30$+ for gym

        1 reply 0 retweets 0 likes
      3. Magnus Petersen-Paaske‏ @magnuspaaske Oct 25
        Replying to @magnuspaaske @Noahpinion

        Problem is that there's a lot of double counting with GDP. For instance a big house is +, a car to get to the house is +, the gym you drive to is + and the medicine we use to treat lifestyle disease is +. Yet that lifestyle is not necessarily better than walking/biking in a city

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Joshua Turner‏ @jman4747 Oct 25
        Replying to @Noahpinion

        The opportunity costs of wholly worker owned and controlled companies?

        1 reply 0 retweets 0 likes
      3. YaBoyTairyHesticles‏ @TylerAnderson93 Oct 25
        Replying to @jman4747 @Noahpinion

        The opportunity cost to the shareholder class.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Otmar S‏ @aloa5 Oct 26
        Replying to @Noahpinion

        Maybe it got dropped in the ´80s. But in wich way does it help to get back into the ´50s in terms of quality? As if it would not be known that for example the US health care system is one of the worst in effectivity within developed countries. Just strange.

        0 replies 0 retweets 0 likes
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      1. Vinny Armentano‏ @vinnyarmentano Oct 25
        Replying to @Noahpinion

        Vinny Armentano Retweeted Dani Rodrik

        Check out @rodrikdani’s Tweet:https://twitter.com/rodrikdani/status/1055469459304001536?s=09 …

        Vinny Armentano added,

        Dani Rodrik @rodrikdani
        The White House CEA report on socialism convinces me that the U.S. should not try to emulate Venezuela's economic policies. https://www.whitehouse.gov/wp-content/uploads/2018/10/The-Opportunity-Costs-of-Socialism.pdf …
        0 replies 0 retweets 0 likes
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      1. James Clark  📈 📉 🤷‍♂️‏ @mr_james_c Oct 25
        Replying to @Noahpinion

        Wonder why it got dropped then..

        0 replies 0 retweets 0 likes
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      1. Christmas in Heaven‏ @mdrainey Oct 25
        Replying to @Noahpinion

        Talking about “big ideas” like an idiot isn’t helping anyone, just muddies the waters

        0 replies 0 retweets 0 likes
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