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Donald Marron
@dmarron
Economist & nature lover. Institute fellow . Writer about economics, finance, & life. Red panda fan.
Washington, DCdmarron.comJoined June 2009

Donald Marron’s Tweets

"Oh, we get documents faster if you mail them rather than upload them electronically," explained the nice health insurer phone rep.
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RIP Meat Loaf. I've listened to "Bat Out of Hell" more than any other album. He and Jim Steinman produced some true genius.
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Omicron is amazing. Almost every person or family we planned to visit during the holidays is now quarantining because of sickness or exposure.
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Hey #TaxTwitter: Are there any good principles for setting income tax brackets for trusts? Today, top rate starts at $628k for couples vs. $13k for trusts, a ratio of 48:1. BBBA uses 50:1 ratio for surcharges: $10m / $200k and $25m / $500k. Are those ratios based on anything?
To celebrate filing my taxes, I bought ice cream and a drink at a local store. The total? $6.66. Seeing my distress, the cashier put my snacks in an otherwise unnecessary plastic bag. New total: $6.71. Shout out to her — and our local bag tax — for keeping me safe.
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“Small” platinum coins give Treasury unlimited emergency measures. They take default off the table. The debt limit threat becomes a debate over money printing (er, minting), not doubt about Uncle Sam’s full faith and credit.
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Hot take on platinum coins of unusual size: Minting a trillion-dollar coin is too provocative. If pushed to the precipice, mint a $25 billion coin. Call it an extraordinary measure. Repeat as necessary. Buy the coins back once the debt limit goes up. Save them for next time.
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Indeed ! I will always value the ’s commitment to top-quality research that follows the evidence.
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Can confirm we are still doing objective & rigorous research at @urbaninstitute—and always will. Can also confirm many of us are interrogating what it means to be objective & rigorous—including how unstated assumptions & biases can influence our work. We will be better for it. twitter.com/arindube/statu…
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Shout out to the 19-year old in the toy store who said “Wow, kids today have much better toys than our generation did.” In unrelated news, I will keep wearing a face mask after Covid.
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To celebrate reopening, our 7-year old asked to sit in a Lamborghini. The salesman was very kind, unlocking a stunning Aventador. He also turned out to be highly fluent in the tax issues posed by carried interest and cryptocurrency.
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People spent about 30% of their CARES rebates within 10 days in this study using high-frequency data. More for folks with little liquidity, less for folks with ample liquidity.
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A study of households’ spending responses to the 2020 stimulus using high-frequency transaction data, from Scott R. Baker, R. A. Farrokhnia, Steffen Meyer, Michaela Pagel, and Constantine Yannelis nber.org/papers/w27097
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Some stunning numbers from April’s jobs report: * Unemployment: Up 17 million people since February * Labor force: Down 8 million * So employment is down 25 million * Employment-to-population ratio now just 51% (vs 61% in February) * 32% of teenage workers are unemployed
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7. How does the rise in unemployment vary across groups (education, age, race, ethnicity, sex) 8. Does #EconTwitter stick with seasonally adjusted figures? 9. The employer survey is feeling overlooked at this point, so: how much has payroll employment declined?
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4. Does BLS flag any measurement issues with these figures (e.g., treatment of furloughs or survey problems) 5. Is there a spike in part-time work relative to full-time work? How much? 6. Do unemployed workers expect it to be temporary? 2/x
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The top 9 things I am looking for in tomorrow’s jobs report 1. Can BLS’s website handle the onslaught? 2. How much has employment fallen as a share of population? 3. How much of the decline reflects workers being recorded as unemployed vs. out of the labor force? 1/x
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🚨I wrote about the issue of coronavirus “strains”. Despite the recent overblown stories, there’s no strong evidence that more dangerous strains have evolved—or even that there’s more than one strain. Here's a guide to making sense of it all.
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