Roozbeh Hosseini
@roozbeh52
Macroeconomist. Associate Professor @TerryCollege, @universityofga. @ManUtd fan. #StopWarOnIran
How to refute mainstream economics: Write a paper doing it.
How economics teaching became the Aeroflot of ideas on.ft.com/4f1eivg | opinion
Whatever dude. Teach what you think should be taught at SOAS. No one is stopping you.
How economics teaching became the Aeroflot of ideas on.ft.com/4f1eivg | opinion
Once again, I'm disappointed to see Autor and co inappropriately extrapolating their DiD results to make conclusions about aggregate effects, and I'm disappointed in the media for giving these unwarranted conclusions space. [1/x] nytimes.com/2025/07/14/opi…
Free-market policies aren't always good, and they certainly aren't a cure-all. But as Milei is showing in Argentina, we've underrated their importance. noahpinion.blog/p/free-market-…
Michael Pettis, again in FT, ignoring how prices adjust. Pro-tip: Write down a model. Check your equilibrium conditions. 🧵 of what happens when you don't
Very sad news. Rest in peace Prince of F*****g Darkness😢🤘🎸#ozzy
Ozzy Osbourne has passed away at the age of 76
ehem ¯\_(ツ)_/¯
“Tariff inflation” is an oxymoron. Raising a price via an explicit policy choice is not inflation, and resulting relative price changes in the economy are not a cognizable subject of monetary policy. A Fed holding rates higher in response is politicizing its role.
Headline CPI at 0.29% MM, Core CPI at 0.23% MM, roughly in line with expectations. The impact of tariffs is becoming more salient. Apparel, which had seen cool inflation the last 2 months, grew 0.4% in June. Household furnishings grew 1%. Video & audio electronics grew 1.1%.
Tariffs are taxes. Tariffs are regressive taxes. Tariffs are distortionary, regressive taxes. Tariffs are distortionary, regressive taxes that raise prices for US businesses and consumers.
Nice thread. I’ll add a modification with a possible benefit (see below paper). Modification: pass some equity risk to Soc Sec benefits. Why? Because low wealth retirees have low stock market exposure, so it is efficient to have them bear some. mitmgmtfaculty.mit.edu/japarker/consu…
Senator's Cassidy and Kaine outline a plan to "rescue" Social Security. Both Senators are very thoughtful, bipartisanship on this issue is essential, but unfortunately I'm mostly skeptical on this proposal. This 🧵 outlines some of the major considerations:
Brian Albrecht (@BrianCAlbrecht) consistently offers some of the sharpest takes on basic economics on X. His recent post is a gem: 🔗 economicforces.xyz/p/will-ai-skyr… Brian makes a simple but essential point, one I’ve tried (and failed) to make thousands of times when talking about…
The extraordinary resilience of the US labor market thanks to… [checks notes] … State, local government hiring, and health and social services ?
147,000 jobs!!
One more time, increasing budget deficit is inconsistent with lowering trade deficit, unless you are willing to accept a fall in investment. There is no economics in this statement. It is just accounting and arithmetics (and true regardless of the number/nature of trade deals).
Policies that 📈 budget deficit (BD) are inconsistent with policies that 📉 trade deficit (TD), if you want investment (Inv), and hence jobs, to 📈. Here is why. This accounting identity must ALWAYS HOLD: Private Saving - BD + TD = Inv 👇
Matt Duss and I have spent our careers on opposites sides of the aisle. Yet we're united in horror at the prospect of a direct armed conflict between Iran and America — and a determination to avert it. Our WaPo op-ed.
"We have no single recorded example in history of a state causing regime change with an air campaign... we had to invade Iraq to get regime change we couldn't do it from the air.... in terms of unconditional surrender, this is a laughable argument. We put Iranians in a position…