I use the new Kaldor facts to compare China with the US. Institutions, ideas, human capital, urbanization & size of the market all matter for prosperity. The US is still the technological frontier. For how long? Societies make choices. Link to article in comments. #econsky
12.02.2026 13:21
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A new article by Benito Salomao on taxation, distortions, inequality, welfare & democracy, with Brazil in mind. Brings South Africa to mind too. Link to full article in comments. #econsky
12.02.2026 08:12
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Chatting with @adreher.bsky.social about Chinese aid & public support (for China), Western aid & political violence, US bilateral aid & the United Nations Security Council, aid & diffusion of economic activity, & some more. Link to full chat in comments. #econsky
10.02.2026 10:34
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Chatting with Jesus Fernandez-Villaverde about Chinese growth, convergence, barriers to technology adoption, institutions, fertility rates, ideas, R&D, future growth, geoeconomics, power & more. Link to full chat in comments. #econsky
05.02.2026 15:50
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Benito Salomao on central bank independence, democracy, technocracy, inflation and welfare, with special attention to Brazil. Link to article in comments. #econsky
03.02.2026 13:16
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Bruce Springsteen - Streets Of Minneapolis (Official Audio)
YouTube video by Bruce Springsteen
Sad to see the assault on #institutions and people by those masked federal thugs (the henchmen). Yes, masked thugs in #America. But it is also encouraging to see how #civilsociety is reacting to the assault.
The Boss says everything below. youtu.be/wWKSoxG1K7w?...
29.01.2026 10:46
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Chatting with Christian Bjonrskov about regime change, colonialism, economic development, types of colonies, economic crises, Latin America, Africa, US, Europe and some more #econsky 👇👇
13.01.2026 14:20
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Central bank independence?
12.01.2026 13:48
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In Brazil the BCB is also under attack, not so much in the international news I'm afraid..
All because of a bank that went bust, Master Bank, which has strong links with.. well those in power..
12.01.2026 13:19
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Anyone with a fine grasp of endogenous growth theory, Romer 1990, will be able to help.
12.01.2026 00:27
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Central bank independence
a tale of two countries
Rules have to be designed to ensure that the South African Reserve Bank is well-staffed, efficient, transparent & accountable. Rules have to be designed to ensure that the Banco Central do Brasil is well protected from rent seeking actors. #econsky
heterogeneousagents.substack.com/p/central-ba...
08.01.2026 11:03
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What a night!! Me, the Mother and the Blond, what can possibly go wrong?
07.01.2026 00:03
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Visiting Mother and enjoying the sunset from her balcony in Porto Alegre, Brazil.
06.01.2026 23:07
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Got this collection by the King and now I can't stop shaking.. fantastic stuff!
06.01.2026 22:30
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Democracy & civil society in Venezuela & Chile over time. A tale of two countries.. #econsky #Venezuela #democracy #prosperity
06.01.2026 18:08
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GDP per capita & economic growth in Venezuela (which one day was a democracy) & in Chile (which one day was a dictatorship). #Venezuela #econsky #democracy #economicgrowth #statecapacity
05.01.2026 20:29
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What's going on in Venezuela?
No real idea, but looking at the data might help
Democracies are associated with economic growth & prosperity. Democracies tend to be associated with better governance. Venezuela decided to go the opposite way, no democracy, no growth, no prosperity, no governance, hyperinflation.. #venezuela #economicgrowth #statecapacity #democracy #econsky
05.01.2026 11:36
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The LinkedIn story is ongoing..
04.01.2026 18:39
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As imperfect as universities are, and we academics know that all too well, Gino's case, given the info available, seems to be an uncontroversial case of plagiarism.. but what do we know?🤷🏻
04.01.2026 18:34
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👇👇
03.01.2026 16:15
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Six months ago, Benito Salomao, Douglas Elmauer & myself launched Heterogeneous Agents, a Substack with articles, chats, resources & notes for economists. We've now reached 1,000 subscribers. Feel free to subscribe, Heterogeneous Agents is free! Link below & in bio. #econsky
12.12.2025 08:02
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Chatting with @JohnHCochrane about inflation, fiscal reforms, commitment, expectations, micro reforms, institutions, bail outs, & some more. Have fun!
Link to full chat in comments below & in bio. #econsky
09.12.2025 17:56
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