PhD CPA Assistant Professor at @TCU. Argues with people who agree with me. Official Matt. All views are my own. (He/Him) @ menzer on the other one
Joined July 2010
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27 Sep 2024
Just putting this here for future reference anytime someone says: "but I have never been audited on it"
#taxtwitter
AICPA SSTS 2.1.8(a)
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On the contrary, normal public execs can't say things like this, however, Elon set up spacex to basically he immune to shareholder lawsuits, so he can say whatever he wants without worrying
I don't think he realises SpaceX is a public company now and he's not supposed to say things like this randomly on the internet lol
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Jun 14
One observation with the rise in "substack scientists" is that there is no real mechanism to force a reckoning with bad methods or errors. Criticisms are only addressed if they feel like it, and it's easy to seem responsive while not making any changes to methods
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Jun 14
Certainly academia is not perfect, far from it, but when peer review works it serves to ensure estimates and methodologies are constantly being updated. Critiques also end up with equal prominence in the same outlets as the original research, meaning audiences are less insulated
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Jun 14
A high speed rail proposal that chooses Peoria over Chicago...
Here is my proposal for a US High Speed Rail Network! A lot of research went into this map, and I tried to be as unbiased as possible. Thoughts?
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Jun 13
My bayesian estimate of the efficiency gains from AI has dropped significantly after some hands on experiance with a major (non-AI) company's proprietary AI platform
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Jun 13
Anyone arguing for confiscation of Elon's wealth should be honest, it is not about solving world problems, it can only be about punishment of wealth...because if there is one thing we know for certain, SpaceX would not be worth $1 T without Elon as it's owner.
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Jun 13
So I have ~1 day of free time in Portland this weekend, anyone have suggestions of things to do?
@LoZabransky isnt this your neck of the woods?
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Tyler Menzer retweeted
Jun 12
G&T *will* have effects on long-term earnings, but if it's only via access to elite higher-level schools through signaling, then they're just redistribution and not growing human capital. 6/
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Jun 12
Seeing someone list B4 partners as "eminant" 🤣
Jun 11
I do not understand the worldview that ranks Fortune 500 as a cutoff for eminent? Like that excludes execs at companies like the big four accounting firms, cargill, OpenAI. But random lawyers get in?
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Jun 12
Re: gifted child discourse that has been going on today, a lot of people are saying gifted programs put a much higher % to eminent, but isn't the correct comparison other gifted kids who didn't get school programs?
@cremieuxrecueil @cljack @pau
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Jun 12
I am certainly not against programs, but this feels like a question where we want to look at changes, not levels.
Of course smart kids are more likely to turn into smart adults, we want to know what the additional $ in spending buys though
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Jun 12
Agglomeration benefits are cool to see so clearly
Jun 11
Everyone always talking about “talent density” in Silicon Valley when we really should be talking about how 80% of pretzels in America come from a small region of Pennsylvania
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Jun 11
So I am not a soccer fan, and don't pay much attention to the world cup, but all the discourse around prices makes me think the World Cup will come back to NA as soon as reasonably possible. There is so much money for corrupt officials to skim off...
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Jun 11
I know kind of want a series of guidebooks written by Kelsey's children...
Jun 11
Last thought on TeachTales: recently I heard my children trying to cobble together what they know about Britain exclusively from reading children's fantasy set there. They know a lot, but they don't know which parts of it are real.
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Jun 11
It is only based if you don't understand what they are going to replace it with. Way too many people celebrating Census adding worse noise to the data that will be more easily manipulated
Jun 9
Everyone please say "Based as fuck"
The Trump admin has banned arbitrarily screwing up government collected data for the purposes of appeasing neurotic nutjobs.
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Jun 11
Really disappointed to see how many "statistics" people have reposted this, immediately lowers my perception of you a notch
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Jun 10
The general rule of thumb should really be, as soon as someone gets an Economics Nobel, we should stop taking what they say as seriously
Jun 10
There is an emperor's new clothes problem with one of the worlds leading economists and almost nobody wants to speak frankly about it because he sits at the height of academic power and prestige, but many admit it behind closed doors.
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Jun 10
It's my belief that there are a lot of things that cause issue or could be fixed, but are extremely technocratic in ways that most people (or politicians) will never naturally think about. This is why I was skeptical of Doge, or Bezos' claims of Govt eff
This is mainly because - when converting lifetime earnings into today's dollars to calculate initial benefit levels - SocSec adjusts for the economy's long-term wage growth instead of price inflation.
Since wages grow faster than prices over the long-term, it can be like a double-inflation adjustment over 40 years of work. Once your (bigger) initial benefit is set, it then grows annually with price inflation while you are in retirement.
Replacing wage indexing with price indexing fixes this and closes a lot of Social Security's funding gap.
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Jun 10
and just to be bipartisan, here is a case where someone on the left just does not understand the trade-offs
x.com/Tyler_Menzer/status/20…
Jun 10
I think @mattyglesias may be disappointed here. He wrote about how slight errors in data was bad, and now appears to be celebrating an approach that will mean the data just isn't available at all
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