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[@kingofthecoastt](/creator/twitter/kingofthecoastt)
"So I pre-registered what would convince me of @profwieland & co.'s paper arguing: existing supply constraint proxies do not explain housing price/rent/quantity growth across MSAs Their most recent FAQ & response exactly meets my standards of evidence. I have thus changed my mind"  
[X Link](https://x.com/kingofthecoastt/status/1980371922845331583) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-20T20:33Z 2432 followers, 31K engagements


"@SamHLevey And I would bet the people you are thinking of did not actually entertain all the possible job options out of there -- ex: gig work. Again because they knew the returns were pitifully low"  
[X Link](https://x.com/kingofthecoastt/status/1980897211983753624) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T07:21Z 2432 followers, XXX engagements


"@mean_field_zane @t_holden "Menu costs" does not explain how a shift upward in expected inflation would actually be validated by higher demand"  
[X Link](https://x.com/kingofthecoastt/status/1980028798193332690) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-19T21:50Z 2415 followers, XXX engagements


"@mean_field_zane @t_holden Still not actually answering the question"  
[X Link](https://x.com/kingofthecoastt/status/1980030309157736902) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-19T21:56Z 2415 followers, XXX engagements


"@mean_field_zane @t_holden Why dont you give me an example of a policy change that leads a firm to rationally expect higher demand-side inflation"  
[X Link](https://x.com/kingofthecoastt/status/1980035364996973037) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-19T22:16Z 2415 followers, XXX engagements


"@FairyCalvo @mean_field_zane @t_holden The point I am (poorly) moving towards is that none of the plausible transmission mechanisms produce an independent role for inflation expectations (ex: the way that intertemporal substitution does) in generating actual inflation & instead just look like an Old Keynesian model"  
[X Link](https://x.com/kingofthecoastt/status/1980055906042986660) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-19T23:38Z 2415 followers, XXX engagements


"Poor California. Prop XX in 2012 which took the top marginal rate from X% to 10-12% lost them $150mn due to out-migration. Then the Tax Cuts & Jobs Act in 2017 -- which capped the state & local tax deduction at $10000 -- lost them another $700mn. And then Covid came"  
[X Link](https://x.com/kingofthecoastt/status/1980174025520525740) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-20T07:27Z 2415 followers, 2596 engagements


"@MakeUSAVAT @profwieland Proxies for the intensity of land use restriction do not explain differences in housing cost / growth across metropolitan statistical areas"  
[X Link](https://x.com/kingofthecoastt/status/1980388032542040235) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-20T21:37Z 2414 followers, XXX engagements


"Interesting. I wonder what this will change"  
[X Link](https://x.com/kingofthecoastt/status/1972705558735241633) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-09-29T16:50Z 2422 followers, 3369 engagements


"In the international data it seems like you can consistently capture the equity risk premium (stocks minus t-bills) by just holding these very long-term government bonds Which means the risk of stocks is mostly duration risk not credit risk"  
[X Link](https://x.com/kingofthecoastt/status/1975978852024451477) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-08T17:37Z 2428 followers, 3259 engagements


"Nominal wage growth (from the employment cost index) still seems least bad to me"  
[X Link](https://x.com/kingofthecoastt/status/1979250839442329708) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-17T18:19Z 2430 followers, 1169 engagements


"I love how they invest some of their surplus in hedge funds and private equity funds is point #1 on this list of grievances. What a joke"  
[X Link](https://x.com/kingofthecoastt/status/1979980236042506672) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-19T18:37Z 2431 followers, 2600 engagements


"@mean_field_zane @t_holden Okay so the Fed cuts its interest rate. Can you name me one well-identified channel through which this is (rationally) expected to increase household demand"  
[X Link](https://x.com/kingofthecoastt/status/1980036418807480326) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-19T22:20Z 2428 followers, XXX engagements


"@MTabarrok @JustinBloesch Well tbc Id never frame this as overturning MW results. If anything it overturns all these (short-run) labor supply elasticity papers that assume away adjustment costs. And then use that to conclude that firm-level labor supply curves are generally not elastic"  
[X Link](https://x.com/kingofthecoastt/status/1980367783000174716) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-20T20:17Z 2425 followers, XXX engagements


"@MTabarrok @JustinBloesch The MW Q is an empirical one but the model with a zero recruiting-cost adjusted markdown predicts that exogenous wage increases would reduce recruiting new match formation and total employment. As seen here"  
[X Link](https://x.com/kingofthecoastt/status/1980368844297490761) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-20T20:21Z 2425 followers, XXX engagements


".@arpitrage what do you think about this reconciliation As opposed to an alternative view that across-MSA really does matter but most of the existing land-use constraint measures are just lacking. It could be a mix of both of course but I lean towards the first atm"  
[X Link](https://x.com/kingofthecoastt/status/1980385944688816212) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-20T21:29Z 2431 followers, 1328 engagements


"@IridentDefender No because remember they are just testing for differences in supply curve slopes based on zoning proxies. We have direct evidence of shocks to zoning significantly shifting *out* the supply curve (ex: Auckland) which maintains a role for upzoning in affordability"  
[X Link](https://x.com/kingofthecoastt/status/1980715426968662242) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-21T19:18Z 2429 followers, XXX engagements


"You've never needed mandates to "make it work." In fact you could re-legalize plans that charge healthy ppl less let them poach away every one on the exchanges & they'd still work. Their job is to make basic coverage affordable to *sick* ppl -- thru premium-linked tax credits"  
[X Link](https://x.com/kingofthecoastt/status/1980741154036658553) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-21T21:01Z 2430 followers, 1911 engagements


"In other words the point of the ACA is to be a federally-funded high-risk pool -- that provides very sick people with multiple affordable insurance options"  
[X Link](https://x.com/kingofthecoastt/status/1980743311154725227) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-21T21:09Z 2431 followers, XXX engagements


"@NoahProoval And what I am trying to tell you is that young people being in pool isnt lowering costs (relative to just using govt subsidies) when the only reason they are in the pool is because of govt subsidies"  
[X Link](https://x.com/kingofthecoastt/status/1980758999286050823) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-21T22:12Z 2428 followers, XX engagements


"@NoahProoval X out of X people on the exchanges are subsidized. And no there is very little savings in subsidizing their insurance. At best you can argue we should give those middle and low class people money"  
[X Link](https://x.com/kingofthecoastt/status/1980820648349114776) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T02:16Z 2428 followers, XX engagements


"@sensiblemoderat @NoahProoval The subsidies are too pretty propel with pre-existing conditions from unaffordable coverage And I do love the idea that the best way to protect people from scam plans was to outlaw medical underwriting. Since thats how we solve that problem everywhere else"  
[X Link](https://x.com/kingofthecoastt/status/1980827628555952416) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T02:44Z 2428 followers, XX engagements


"@NoahProoval Im talking about people who like have kidney failure and we know they will be on dialysis. And I agree that risk-rated premiums can be affordable to most since spending is so skewed. The question is just about the best way to financially support high spenders"  
[X Link](https://x.com/kingofthecoastt/status/1980830409106829804) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T02:55Z 2428 followers, XX engagements


"@SamHLevey @ChrisPacia @PatriciaNPino The average level of the orange line is almost certainly distorted downward given the narrow definition of "job openings" employed here. In the early periods its only major newspaper ads & later its JOLTS (which only counts an opening if the job starts in XX days)"  
[X Link](https://x.com/kingofthecoastt/status/1980873652502671679) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T05:47Z 2429 followers, XXX engagements


"@SamHLevey @ChrisPacia @PatriciaNPino Do you agree that one way to reconcile the Q of "What measures 'slack' well" we should look at what predicts nominal compensation growth the best If so my understanding is that anything with non-employment does worse than unemployment & quits / job to job rates are best"  
[X Link](https://x.com/kingofthecoastt/status/1980883505761644833) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T06:26Z 2431 followers, XX engagements


"Hedge fund manager arguing that research proves financial markets are extremely inefficient (and also that you should give people like him money)"  
[X Link](https://x.com/kingofthecoastt/status/1980884281682719035) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T06:29Z 2432 followers, 1498 engagements


"@santiago__lisa @neoliberal_hack My prior is that most preventative care doesn't even increase your life expectancy (ex below) and that even if it did it would mostly extend the post-retirement years where you are a strong net fiscal burden"  
[X Link](https://x.com/kingofthecoastt/status/1980892641576583248) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T07:03Z 2422 followers, XX engagements


"@SamHLevey I'm fine giving "involuntary unemployment" theorists the theoretical possibility where the returns to full-time and/or short-time work end up equaling zero (or very close to it). The overarching point is that this term makes no sense for the real world we live in"  
[X Link](https://x.com/kingofthecoastt/status/1981212838703354068) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-23T04:15Z 2430 followers, XX engagements


"@profwieland I highly recommend Johannes' presentation to the Hoover working group. This is what mostly changed my mind. He has a great reconciliation with other evidence -- zoning is mostly distorting *within-MSA* (not across-MSA) choice"  
[X Link](https://x.com/kingofthecoastt/status/1980375879542071798) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-20T20:49Z 2432 followers, 17K engagements


"One depressing bit of US history is that in 1940 the economy started to get hit by devastating conflict- and (negative) supply-shocks for the first time Since then they have never really let up generating a massive cumulative increase in the price level"  
[X Link](https://x.com/kingofthecoastt/status/1980554030905717126) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-21T08:37Z 2432 followers, 3299 engagements


"@mean_field_zane I'm not going to defend their views on the effects of interest rate changes. It's not essential to the framework anyway imo"  
[X Link](https://x.com/kingofthecoastt/status/1981057723577110876) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-22T17:59Z 2432 followers, XXX engagements


"There are only three certainties in life: X. death X. taxes X. left-wingers lacking all critical thinking skills on this topic"  
[X Link](https://x.com/kingofthecoastt/status/1981267595811836336) [@kingofthecoastt](/creator/x/kingofthecoastt) 2025-10-23T07:52Z 2432 followers, 2235 engagements