Economist @UniMelb · Formerly @UniCologne @UT_Dallas · Visited @FCEAJaveriana @Mercatus @Vinson_Centre · Dr. rer. pol. · Working on uproot.science

Joined December 2009
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Ihr werdet noch gottlos versklavt werden.
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How is everyone so cracked at Zip
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Has anyone done a comprehensive experiment like this?
Psychiatrists were asked what they’d recommend for depression. 79% chose antidepressants for a patient. But only 39% chose the same if it were them.
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To aid classroom experiments, we just added a prediction market with an automated market maker (@robinhanson's LMSR) and decision market support to our collection of uproot examples. Includes a nice view for the experimenter. ⬇️ Run demo: demo.uproot.science/admin/se… Source code (100% FLOSS): github.com/mrpg/uproot-examp… More info about uproot: uproot.science
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Max R. P. Grossmann retweeted
One more time. And I've heard zero rebuttal of this or the economic theory behind it. Probably because there isn't one. ** The Mirrlees Review in the United Kingdom, chaired by the late Nobel prize-winning economist James Mirrlees, said the following: “economic theory provides no compelling reason why capital income should be taxed at the same rate as labour income. According to our proposal, the capital income tax rate should be flat and well below the top marginal tax rate on labour income.” That’s Jim Mirrlees – pioneer of the field of “optimal income taxation”. And our very own Ken Henry’s review said this: “Comprehensive income taxation, under which all savings income is taxed the same as labour income, is not an appropriate policy goal or benchmark.” afr.com/policy/economy/there…
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If you use oTree: a five-year authentication bypass exposed study data to any participant. You must upgrade to 5.11.5 /6.0.14 immediately. max.pm/posts/otree-ws-vuln/

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Always liked LEVI’S. They just retained a customer!
As it wasn't an official sponsor of the FIFA World Cup, Levi's was asked to hide its logo on Levi's Stadium (Santa Clara, California). And they did it in the smartest way possible. #WorldCup #FIFAWorldCup #Levis
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Also, what happened to his daughter?
Today I learnt how Albert Einstein treated his first wife. And I can’t unsee it. Whattt how does no one mention this.
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Airlines are now seriously not allowing the use of powerbanks anymore. WTF
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Max R. P. Grossmann retweeted
"The argument commits a category error: it confuses matter with value. The Earth is indeed a closed system of atoms. But economic growth does not count atoms — it counts the value those atoms deliver to human beings, and that value lives in arrangement and knowledge, not in mass"
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„Die Rechtsprechung und auch die Aufsichtstätigkeit der Staatsanwaltschaft eines sozialistischen Staates dienen nicht nur dem Schutz der Gesellschaftsordnung, sondern haben im besonderen als wichtige Hebel für gesellschaftliche Umwälzung zu wirken.“
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Max R. P. Grossmann retweeted
Now that everyone is thinking in trillions, here are some numbers to put $1T in context. One trillion dollars would fund roughly: 50 days of the U.S. federal government 1 year of U.S. federal interest payments on the national debt 90 days of Chinese government spending 5 months of German government spending 6 months of French government spending And that is under heroic assumptions: that the wealth could be taxed, sold, or transferred without crashing the value. In fact, if the wealth of the 10 richest Americans were converted into U.S. government spending, it would last about 152 days. If the wealth of the top 100 billionaires on Forbes were confiscated and converted into government spending, it would fund the U.S. federal government for only a bit more than one year. And then it would be gone. The US federal government already spends about 7 trillion a year, states and local governments spend a combined 3 to 4 trillion more. So don’t be naive. The world’s problems recur, but fortunes are a one-time thing. If someone tells you that the next trillion will solve the problems that were unsolved by the first ten, then they either didn’t do the math, or have a different goal in mind.
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Jegliche Ausgaben für „Design“ können sofort als erstes komplett gestrichen werden. Siehe auch: Ausgaben für neue Logos und Schriftarten. ¡Afuera!
Der »Kreativraum« des Bremer Jobcenters mit Designermöbeln kostete rund 906.000 Euro. Weitere 293.000 Euro entfielen auf einen Raum für ein Projekt für Frauen in der Arbeitswelt. Quelle: ZEIT
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Max R. P. Grossmann retweeted
The government spends $7 trillion per year—why hasn’t it eliminated extreme poverty already?
If we put a 10% wealth tax on Musk, we could eliminate extreme poverty for a year while he would remain a trillionaire. Let the gross immorality of our modern economy sink in.
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Few remember this:
in the 1990s, the US government classified 128-bit SSL encryption as a "munition" under ITAR, putting it in the same legal bucket as missiles and tanks. As a result, Netscape and Microsoft had to develop two entirely separate versions of their web browsers:
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Max R. P. Grossmann retweeted
With $1 trillion in net worth, Musk could give everyone on earth around 125 bucks and thereby solve all problems forever.
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Max R. P. Grossmann retweeted
Jun 12
Elon Musk has enough money now to fix every McDonald's ice cream machine, but he won't because he only thinks of himself.
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This World Cup is completely vibeless.
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I wonder whether there is any idea of Coase that has stood the test of time?
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I preordered this one with the quickness.
It seems that @GregWKaplan wrote a much needed general public friendly book on modern macro. wwnorton.com/books/978039354…
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Max R. P. Grossmann retweeted
The poorest economies in the world are not achieving economic growth. The consequence is that progress against the very worst poverty is coming to a halt. This is one of the worst problems in the world today, but hardly gets any attention.
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