🚨NEW TODAY🚨 The full text of my book, Empowering the New American Worker: cato.org/empowering-new #NewWorker /1
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Scott Lincicome
@scottlincicome
Vice President (Econ/Trade), adjunct, newsletter-er. CH
RTS. You didn't read the article, did you?
RTS. You didn't read the article, did you?Scott Lincicome’s Tweets
"Wind and solar power generators wait in yearslong bureaucratic lines to connect to the power grid, only to be faced with fees they can't afford, forcing them to scramble for more money or pull out of projects completely."
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"In a city where affordable units typically cost $600,000 to $700,000 each to construct, keeping in budget and meeting the deadline meant turning to the modular building company Factory OS." bloomberg.com/news/features/
Plus:
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"39% of managers surveyed have children younger than 7, compared to 20% of non-managers. Working from home can be especially important — and more available — to parents." axios.com/2023/04/08/wor
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"One GOP stance Cotham has fully embraced is school choice. On Wednesday she expressed support for sending more taxpayer dollars to private schools to give students and parents more options." cc wral.com/not-just-abort
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"In Depth: China’s EV Battery Boom Goes Bust"
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"Infant formula shortage often led to alternative, less-healthy means of nourishment" salon.com/2023/04/08/inf
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"Reality Check: How Influential Is China Right Now?
China looms large in the global-superpower discussion, but it’s not nearly as powerful as its leaders would like you to think." trib.al/Tecf3ac
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Cmon.
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Replying to @scottlincicome
It is worse than you think. Here is the definition they use for a first-time homebuyer...
calhfa.ca.gov/homebuyer/borr
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As great economist Edward Glaeser shows in , exclusionary zoning is getting worse. But cross-ideological tide of reform may reverse trend HT also to Sen. excellent summary of problem and solution.
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Yep. Could buy you almost half a median house in Winston-Salem, NC (which is delightful)
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Replying to @scottlincicome
That’s $130,000 per person.
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Correct.
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Death of Globalization™ update:
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"Beheading Live Geese Barehanded Used to Pass for Easter Merriment" humanprogress.org/beheading-live via
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I hope the “American Economic Liberties Project” former hotel reviewer gets right on critiquing it. Amazing how stupid the public policy debate has gotten in the last few years.
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Can't believe subsidizing demand didn't solve the problem.
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This is the most California story ever:
To 'help' the housing crisis, they budgeted $300M to pay for first time home buyers' down payments.
In less than two weeks, they've run out of money and only helped 2300 people.
300 Million Dollars, 2300 people helped
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So, sure, these transactions/holdings involve "adversaries," BUT that condition's hardly a sufficient check on potential EB abuse on "natsec" grounds - ABUSE WE LITERALLY JUST SAW DURING THE TRUMP YEARS (re 232 & IEEPA).
So spare me the "libertarians are at it again" nonsense.
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Yes. And it's not just the "any risk" language. It's other ambiguous/weasel terms like "arising from" and "decide important matters affecting," the lack of congressional/judicial review, and so on....
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There’s been some debate about the RESTRICT Act today. I think this point is very important, especially agencies not leaving power on the table. Like, one of the biggest issues in environmental policy right now is the EPA unilaterally redefining the term “navigable waterway.” twitter.com/megbrownlawyer…
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The lesson, as always: the price of poasting liberty is eternal vigilance*
*and then complaining
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Twitter has caved re substack (for now). ✊
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someunpleasant.substack.com/p/too-much-lab
wait does it work again now
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Kickstarting the economy with good union jobs runs into a snag:
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"The ports of Los Angeles and Long Beach have closed due to widespread worker shortages apparently linked to ongoing contract talks." abc7.com/port-of-los-an
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This is an interesting paper by et al, but I wonder: if the firms exploiting political connections didn’t do so would it be worse for all firms? IOW, rent extractors gonna extract rents. Maybe those paying provide a positive externality >than the observed costs. 🧵1/
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"Connecting to Power: Political Connections, Innovation, and Firm Dynamics" onlinelibrary.wiley.com/doi/10.3982/EC
"market leaders are much more likely to be politically connected, but much less likely to innovate...."
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🇺🇸
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Anyway congratulations on the new robot jobs. "if you did a power tool assembly in China or Mexico, you might have 50 to 75 people on a line...the [U.S.] 2.0 version looks like it’s going to get down to two to three people on the line.”
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Correct, plus the pollen & needles/cones. Pine nuts can even kill people (allergy). Terrible trees. Cut em all down.
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Replying to @scottlincicome
They are garbage trees. They have shallow roots and they can heave up even in very little wind. And when they do fall down, you can’t even burn the wood in your fireplace and they have to be hauled away. Crap.
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Three and Out - The Dispatch
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Disasters CAN be averted, if we're willing to listen.
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Cut down every pine tree, NOW. twitter.com/wralweather/st…
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Re the Masters tree accident, don't say I didn't warn you.
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Pine trees are the worst trees.
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There are serious risks posed by China that warrant serious government responses.
But our current moment is also revealing a lot of unserious, or even dangerous, moves that raise a different risk—overreaction by our government.
explains: bit.ly/3KH4pp4
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"Does a firm’s lobbying activity respond to its peers’ lobbying activity?" link.springer.com/article/10.100
"firms increase their lobbying as their peers increase their lobbying. Such positive effects are stronger for larger firms and firms in more regulated industries."
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"Disastrous Discretion: Political Bias in Relief Allocation Varies Substantially with Disaster Severity" direct.mit.edu/rest/article-a
"political bias explains 8.3 percent of overall relief spending, totaling about USD 400 million per year."
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"Political connections relate to a higher rate of survival, as well as growth in employment and revenues, but not in productivity... At the aggregate level, gains from political connections do not offset losses stemming from lower reallocation and growth."
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"Connecting to Power: Political Connections, Innovation, and Firm Dynamics" onlinelibrary.wiley.com/doi/10.3982/EC
"market leaders are much more likely to be politically connected, but much less likely to innovate...."
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