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It’s true that this formula includes two terms multiplied in the denominator that complicate it slightly and ensure it’s not just (trade deficit)/(total imports). Unfortunately you guys arbitrarily set those terms at .25 and 4, sooo

I keep trying to work but then returning to how funny this is. He goes "We didn't do Trade Deficit / Imports. We did Trade Deficit / ((4 * 0.25) * Imports). 😂😂

It’s now clear that the Donald J. Trump Administration computed reciprocal tariffs without using tariff data. This is to economics what creationism is to biology, astrology is to astronomy, or RFK thought is to vaccine science. The Trump tariff policy makes little sense EVEN if

The Vatican was excluded from the tariff list and Italy is at the 20% EU rate. I hope some scheming cardinal sees the opportunity here

Guys I made a breakthrough

Hoy publico una Tercera en ABC sobre los aranceles recíprocos de la administración Trump. Algunas propuestas de política económica no son ni siquiera incorrectas: no alcanzan el mínimo nivel de coherencia. Esta es una de ellas: abc.es/opinion/jesus-…

the Chinese Communist Party posting Reagan speeches about the importance of free trade…what a time to be alive

New tariff formula just dropped 👇

.Niall Ferguson asked me: Is economics a discipline in intellectual decline? My response: I don't think so. First of all, I'm not sure it's a proper test of a science to be able to predict imminent events. Geologists and seismologists know more about earthquakes than anybody else, but

El cónclave papal: un proceso de elección colectiva nadaesgratis.es/admin/el-concl… Vía Nada es Gratis #Economía

Junto con Jorge Alcalde Unzu, sobre “El cónclave papal: un proceso de elección colectiva” en Nada es Gratis

El proceso de elección papal según teoría de juegos por Jorge Alcalde Unzu Nada es Gratis

Presentation at the Social Choice session at the IV Catalan Economic Society Conference 2025 Societat Catalana d'Economia. Thanks to the organizers and participants (wonderful room!).

La universidad pública española necesita una ley meteorito que extinga a los dinosaurios académicos, a base de buenos incentivos por desempeño. Lamentablemente, el feudalismo y la endogamia que imperan en muchas facultades hacen que no se vayan a extinguir por sí solos.

since 1995, the average annual wage of employees in spain has increased by just +3% (+6% on a full-time-equivalent basis) in real terms. in italy, real wage growth has been essentially zero that's it. 28 years of nothing. and no serious plan to fix it

People—teachers, students, parents—have been complaining for a century that memorization is pointless when ”you can just look it up“. This complaint predates AI, it predates Google, it predates this internet. But it’s wrong. Here’s Pauling on why he gave closed notes exams:

This CIA manual for how to sabotage an organization from the inside sounds shockingly similar to how faculty meetings work.

Si la economía española crece, si como dicen los datos de PIB crece incluso si descontamos la inflación, si lleva años creciendo... ¿dónde está tu parte, que no la ves? Bueno: empecemos con un gráfico sencillo.

El que piense que cambiando las personas y dejando el sistema como está menguará la corrupción está tan equivocado como los socialistas que pensaban algo parecido al llegar Sánchez. Post Montoro, tuiteo el texto completo de mi artículo de opinión en el Mundo (11/7/25) con