# ![@EconChrisClarke Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::2817956911.png) @EconChrisClarke Christopher Clarke

Christopher Clarke posts on X about inflation, tariffs, gdp, this is the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::2817956911/interactions)
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- [--] Week [-------] -47%
- [--] Month [---------] +915%
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- [--] Year [---------] +636%

### Mentions: [--] [#](/creator/twitter::2817956911/posts_active)
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- [--] Week [--] -38%
- [--] Month [--] +61%
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### Followers: [-----] [#](/creator/twitter::2817956911/followers)
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- [--] Week [-----] -0.04%
- [--] Month [-----] +0.88%
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### CreatorRank: undefined [#](/creator/twitter::2817956911/influencer_rank)
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### Social Influence

**Social category influence**
[finance](/list/finance)  [countries](/list/countries)  [technology brands](/list/technology-brands)  [social networks](/list/social-networks)  [stocks](/list/stocks)  [travel destinations](/list/travel-destinations)  [ncaa football](/list/ncaa-football)  [celebrities](/list/celebrities)  [automotive brands](/list/automotive-brands)  [currencies](/list/currencies) 

**Social topic influence**
[inflation](/topic/inflation), [tariffs](/topic/tariffs), [gdp](/topic/gdp), [this is](/topic/this-is), [money](/topic/money), [food](/topic/food), [tiktok](/topic/tiktok), [market](/topic/market), [economics](/topic/economics), [if you](/topic/if-you)

**Top assets mentioned**
[Alphabet Inc Class A (GOOGL)](/topic/$googl) [McDonald's Corp (MCD)](/topic/mcdonalds) [Kroger Co (KR)](/topic/kroger) [Klarna Group plc (KLAR)](/topic/klarna)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Did the Fed wait too long to raise rates UH economists Ruxandra Boul & @DavidPapell weigh in. #interest #finance #bank #employment #employee #inflation #prices #government #fed #economy #economics #reaearch"  
[X Link](https://x.com/EconChrisClarke/status/1577766446813548544)  2022-10-05T21:03Z [----] followers, [--] engagements


"Silicone Valley Bank Collapse. Part I Bond Prices and the Liquidity Crunch #economy #economics #finance #business #bank #siliconevalleybank #svb #news #money #tech #teachecon"  
[X Link](https://x.com/EconChrisClarke/status/1634951646643113985)  2023-03-12T16:17Z [----] followers, [----] engagements


"It's a good day to be from Vegas Our first national championship in the city's history. That Hoover Dam is yielding very good dividends [--] years later. #Infrastructure #PublicGoods #samuelson #ThanksBob"  
[X Link](https://x.com/EconChrisClarke/status/1668811019106361346)  2023-06-14T02:42Z [----] followers, [---] engagements


"I got a little too excited. UNLV basketball in [----] & Aces in 2022"  
[X Link](https://x.com/EconChrisClarke/status/1668818909695459328)  2023-06-14T03:13Z [----] followers, [---] engagements


"@Jonas_Thiel_ @BevansAdvocate Are other nations building enough to keep up with demand If it is not NIMBY laws preventing the construction what is preventing it in non-anglosphere nations"  
[X Link](https://x.com/EconChrisClarke/status/1674093172711112704)  2023-06-28T16:57Z [----] followers, [--] engagements


"Many on TikTok are arguing Wages were higher during the Great Depression than today after adjusting for inflation. Part of it is a 1-click Google giving them an inaccurate number. But the viral demand for the vids indicates a resonating message. The app glitched when recording"  
[X Link](https://x.com/EconChrisClarke/status/1680071206605844481)  2023-07-15T04:26Z [----] followers, [----] engagements


"Student Athletes have no real economic representation. The NCAA 20-hour a weekly maximum has a slew of exceptions including time for travel. This leads to them paying the highest cost and receiving the lowest benefits for College Athletics"  
[X Link](https://x.com/EconChrisClarke/status/1689766981724262405)  2023-08-10T22:33Z [----] followers, [----] engagements


"Why can't we have Pumpkin Spice all year long @Wootenomics explores the issue in his @MondayEconomist substack #pumpkinspice #pumpkin #fall #summer #starbucks #dunkin #coffee #economy #economics #drink #fallaesthetic #chart #data #dogfood #seasons"  
[X Link](https://x.com/EconChrisClarke/status/1692672767660089511)  2023-08-18T23:00Z [----] followers, [----] engagements


"Avg wages today are 3x higher than they were in [----] after controlling for inflation. The claimed figure of $4800 is from IRS data that doesn't represent the avg American but only the more wealthy who filed taxes. [----] avg wages were $1200"  
[X Link](https://x.com/EconChrisClarke/status/1694497269821866005)  2023-08-23T23:50Z [----] followers, 14.9K engagements


"@vinrodr Inflation measures changes in cost of living"  
[X Link](https://x.com/EconChrisClarke/status/1694507062838055034)  2023-08-24T00:29Z [----] followers, [--] engagements


"The claims continue. No we are not living in a "Silent Depression". Real median wages are the highest they've ever been. However I think there is something to be said about housing affordability being near historic lows. More & more young adults are living with their parents"  
[X Link](https://x.com/EconChrisClarke/status/1694748935271969119)  2023-08-24T16:30Z [----] followers, [----] engagements


"@BresciaEric Do we have a continuous PCE series that goes back that far FRED only goes back to the 60's or so. Same with the GDP deflator found there"  
[X Link](https://x.com/EconChrisClarke/status/1694749853954494649)  2023-08-24T16:33Z [----] followers, [--] engagements


"@BresciaEric They both go back that far. I just redid it using PCE and GDP Deflator. It wasn't the exact same but they're very similar"  
[X Link](https://x.com/anyuser/status/1694754484516495373)  2023-08-24T16:52Z [--] followers, [--] engagements


"In [----] In [----] Nominal Avg Wages: $1069 $75447 Adjusted by CPI: $22385 Adjusted by PCE: $18281"  
[X Link](https://x.com/EconChrisClarke/status/1694755744414065081)  2023-08-24T16:57Z [----] followers, [---] engagements


"While housing affordability has worsened over the past decade we are materially far better off today. This is a lesson on the difficulty in comparing pieces across [--] years when quality has improved so dramatically. Part I 🧵 Tell it like it is But is it depression or indenture #TikTok https://t.co/sVgmDT9CI4 Tell it like it is But is it depression or indenture #TikTok https://t.co/sVgmDT9CI4"  
[X Link](https://x.com/anyuser/status/1699146658897092821)  2023-09-05T19:45Z [----] followers, 41.1K engagements


"While the quality of homes & cars are vasly better than before it would be more systematic and metholsoigcsllt rigorous to simply use a measure of the entire cost of living. Adjusted for inflation avg purchasing power was around $20k in [----] in today's dollars compared to $75k"  
[X Link](https://x.com/EconChrisClarke/status/1699146969334309056)  2023-09-05T19:46Z [----] followers, [---] engagements


"@john_voorheis Median home prices & rents are now $416k/$1350. Only using [----] data is an issue when discussing housing affordability. His [----] rent data comes from rent(dot)com which isn't as representative as census data. I've been making tons of videos on it"  
[X Link](https://x.com/EconChrisClarke/status/1699494405043020056)  2023-09-06T18:46Z [----] followers, [----] engagements


"@john_voorheis I'll also add that his rent number might make sense for [----]. There was a huge housing crash. While this gov report doesn't give the med rent for [----] it does show more than 50% of population paid less than $20 a month"  
[X Link](https://x.com/EconChrisClarke/status/1699497148449186266)  2023-09-06T18:57Z [----] followers, [---] engagements


"@credipediarocks @Urst0ff Could you link to the study itself This link is just to their general website. [----] was a high year overall as it was the drive up to the crash. Overall 2004: 69.4% 2021: 65.4%"  
[X Link](https://x.com/EconChrisClarke/status/1699561885199474898)  2023-09-06T23:15Z [----] followers, [--] engagements


"Did you see this graph a [---] years ago Inflation went to profits not wages through [----]. I recalculated it for today. Allthe new inflation (which albeit is much smaller) is now going to wages. The effect on profits are now negative"  
[X Link](https://x.com/EconChrisClarke/status/1700650944390922302)  2023-09-09T23:22Z [----] followers, [----] engagements


"The viral rent to income video is a lie. I tracked down the original source & methodology. It forgot to adjust HUD's rental data for inflation but did use "real" median income which is adjusted for inflation. While a problematic rent/income gap exists we need to tell the truth"  
[X Link](https://x.com/anyuser/status/1701418358133166229)  2023-09-12T02:12Z [----] followers, 191.3K engagements


"@BigMeanInternet No that thing will include generalized inflation Which has nothing to do with affordability. Because wages also rise"  
[X Link](https://x.com/EconChrisClarke/status/1701704851821047972)  2023-09-12T21:10Z [----] followers, [--] engagements


"@BigMeanInternet There are short run fluctuations but over the course of decades (as this chart does) nominal wages have been rising at least as fast if not faster than inflation"  
[X Link](https://x.com/EconChrisClarke/status/1701708873357484397)  2023-09-12T21:26Z [----] followers, [--] engagements


"This is why we study economics & not just business. Economists are generally utilitarian treating everyone's happiness equally. Smith also said it best "The interest of the producer ought to be attended to only so far as it may be necessary for promoting that of consumers.""  
[X Link](https://x.com/anyuser/status/1702061992671080757)  2023-09-13T20:49Z [----] followers, 23K engagements


"I'm no expert on Austrian anarcho-capitalist thought. Am I mistaken to find an elephant full of irony that the first AnCap candidate to be within a shot of gaining political power and his signature policy is to cede power to the largest Central Bank in the world #LongLiveTheFED"  
[X Link](https://x.com/EconChrisClarke/status/1703986170974359875)  2023-09-19T04:15Z [----] followers, [--] engagements


"If we control for quality in measures of inflation why don't we control for changes in productivity To answer this we have to keep the goal of CPI front & center ie to measure a household budget. Producers & Consumers are different entities. CPI starts w "C". Part I. 🧵"  
[X Link](https://x.com/EconChrisClarke/status/1704273361122234376)  2023-09-19T23:16Z [----] followers, [---] engagements


"@ThinSkinFatDude 2/ I do agree that a decline in labor share is not enough evidence on its own. But when combined with the growing empirical monopsony literature and other bargaining power literature we have a lot more evidence for wages to be less than marginal productivity"  
[X Link](https://x.com/EconChrisClarke/status/1704312055258587520)  2023-09-20T01:50Z [----] followers, [--] engagements


"@neocentrist I'm not sure Bernanke was in a position to save Lehman Brothers. Legally the Fed required quality collateral to give them a loan. Lehman didn't have this. Congress refused to grant them a loan. No private buyer. Hence collapse"  
[X Link](https://x.com/EconChrisClarke/status/1715150501103460830)  2023-10-19T23:38Z [----] followers, [---] engagements


"@EconBerger @DannyDayan5 [--] year and ten year expectation never really became unanchored though. Plus the revealed preferences of the finance markets with inflation indexed Treasury bonds weren't that different from survey data"  
[X Link](https://x.com/EconChrisClarke/status/1723237156544770101)  2023-11-11T07:12Z [----] followers, [--] engagements


"2/2 Grocery prices have gone up [---] times since [----] whereas median full time wages have gone up 2.7"  
[X Link](https://x.com/EconChrisClarke/status/1730046421129474351)  2023-11-30T02:09Z [----] followers, [----] engagements


"@ArmandDoma And how do they think they'll solve the Economic Calculation Problem Vibes I guess"  
[X Link](https://x.com/EconChrisClarke/status/1733276181951299665)  2023-12-09T00:03Z [----] followers, [----] engagements


"@tato_tweets @Noahpinion @besttrousers When this OP came out I made a video responding point by point to his claims. In short he doesn't take care to compare items of similar quality"  
[X Link](https://x.com/EconChrisClarke/status/1733675002954949075)  2023-12-10T02:28Z [----] followers, [--] engagements


"@LP_CLC @jmhorp Yeah I thought about going this route but I think some of the quality of these cheaper brands is worse than the quality Kevin purchased. That said I also bet the $9 army men in my current basket is probably way more expensive than what he bought at a grocery store aisle"  
[X Link](https://x.com/EconChrisClarke/status/1734965884895334717)  2023-12-13T15:57Z [----] followers, [--] engagements


"The fight against inflation is basically over. 6-month Core-PCE is now at 1.87%; below the 2% target. It's time to be thankful that the unemployment rate still continues at fifty year low levels (3.7%) when many thought we'd need 6% or much more So nextwhen will rates drop"  
[X Link](https://x.com/anyuser/status/1738615812804706616)  2023-12-23T17:41Z [--] followers, [----] engagements


"@timpierotti1 In a monopolistic competition model the profits get pushed down to normal levels as new entrance take some of that demand. McDonald's is popular but it faces steep competition from Chick Fil A PopEyes BK Jack in the Box Taco Bell and many many more. Even in small towns"  
[X Link](https://x.com/EconChrisClarke/status/1741605593960604046)  2023-12-31T23:41Z [----] followers, [---] engagements


"@GoodMornBadNews I literally quote that article in my video & say "there is a gap". You're misrepresenting. My point was that homeownership rates today are better than they were [---] yrs ago. They were less than 50%. Your OP claim is that Millennials are poorer than "any point in history" is a lie"  
[X Link](https://x.com/anyuser/status/1742759413860143264)  2024-01-04T04:06Z [--] followers, [---] engagements


"@GoodMornBadNews Are you here in good faith Cuz I'm always happy to chat. I can put together some links for you but I won't doing your homework if you have no interest in the truth"  
[X Link](https://x.com/anyuser/status/1742760911193194767)  2024-01-04T04:12Z [--] followers, [---] engagements


"@GoodMornBadNews Growth of wealth = income - spending over time. Aggregate income is a function of population & productivity true but society must accumulate wealth via savings as well"  
[X Link](https://x.com/EconChrisClarke/status/1742788184927572308)  2024-01-04T06:00Z [----] followers, [--] engagements


"@GoodMornBadNews I briefly reviewed the paper. It all seems fine. They use a different source: the BLS's National Longitudinal Survey and I'm using the Fed's Survey of Consumer Finances. They get different numbers for median net worth - a couple of things could be going on. 1/"  
[X Link](https://x.com/anyuser/status/1742803257175814291)  2024-01-04T07:00Z [--] followers, [--] engagements


"@GoodMornBadNews 2/ The paper you cite is only looking at age [--] whereas the SCF data has a range (35-44) - which will increase the SCF number. 2nd the years the paper looks at for millennials (2016-2020) were worse than what we see now in [----] and 2023"  
[X Link](https://x.com/anyuser/status/1742803832864919920)  2024-01-04T07:03Z [--] followers, [--] engagements


"@xenocryptsite That's why I included the graph about their cash accounts"  
[X Link](https://x.com/EconChrisClarke/status/1743088929354707223)  2024-01-05T01:56Z [----] followers, [---] engagements


"@GoodMornBadNews Next we have to discuss the incompleteness of the yearly generational wealth share claim. This involves some details glossed over by your claims. If you'll look at the source of the graph you'll see that it labels the years that count for each generation"  
[X Link](https://x.com/EconChrisClarke/status/1743161914518315333)  2024-01-05T06:46Z [----] followers, [--] engagements


"If you look at Figure [--] from the paycheck to paycheck source (Lending Tree) you'll see that only 17.6% have issues paying their bills. The other "paycheck to paycheck" folks have "no issue paying bills". Seems there is a lot of ambiguity in the definition of that phrase. Nobody claims the economy is as bad as [----]. But smugly telling the 60% who live paycheck to paycheck the [---] million in medical debt the half of older Americans who have ZERO in savings & the [--] million who owe $1.7 trillion in student debt weve never had it so good is wrong. Nobody claims the economy is as bad as [----]. But"  
[X Link](https://x.com/anyuser/status/1744431839622942840)  2024-01-08T18:52Z [----] followers, 33.5K engagements


"Florida and Texas are the fastest growing economies. Work From Home coupled with expensive housing has made New York and California miss out on a lot of economic opportunities. Restrictive zoning laws are harming their economies. Time to legalize housing Source: @JosephPolitano"  
[X Link](https://x.com/EconChrisClarke/status/1744514092361187758)  2024-01-09T00:19Z [----] followers, [----] engagements


"*I got Florida and Texas mixed up in the graph. Texas is now the nation's 2nd largest economy not Florida"  
[X Link](https://x.com/EconChrisClarke/status/1744519676280054207)  2024-01-09T00:41Z [----] followers, [---] engagements


"The economic vibes are coming back Consumer sentiment just had a huge jump. Why now Its been [--] months since peak inflation and [--] months of annual CPI in the 3% range. Wages rose & were getting used to new price references. Link to Article:"  
[X Link](https://x.com/EconChrisClarke/status/1748461591916691526)  2024-01-19T21:45Z [----] followers, [----] engagements


"@BraveFart_ @hannaherinlang Couple of things [--]. Emp-Pop ratio is falling because the population is aging. Boomers are retiring. This is a good thing. [--]. Real Median incomes are larger than pre-pandemic. Q1 [----] includes the pandemic when lower wage workers dropped out this artificially lifting median"  
[X Link](https://x.com/EconChrisClarke/status/1748468131872555203)  2024-01-19T22:11Z [----] followers, [--] engagements


"@WayneGeerling @UTAustinEcon Did you pay for Kahoot upgrade to feature that many students (nice touch with the frisbee)"  
[X Link](https://x.com/anyuser/status/1748480145109987628)  2024-01-19T22:58Z [--] followers, [--] engagements


"@BraveFart_ @hannaherinlang The top blue line is higher than it was pre-pandemic. That's exactly my point. If we look at prime age emp-pop ratio we see it's much higher than pre-pandemic. Here is a second graph for nominal wages compared to cpi since 2019"  
[X Link](https://x.com/EconChrisClarke/status/1748481267245678600)  2024-01-19T23:03Z [----] followers, [--] engagements


"@fonseca_esq @BusinessInsider Congrats"  
[X Link](https://x.com/anyuser/status/1749487439163584807)  2024-01-22T17:41Z [--] followers, [--] engagements


"The middle class has a higher standard of living than theyve ever had"  
[X Link](https://x.com/anyuser/status/1749825403727089733)  2024-01-23T16:04Z [----] followers, 43.4K engagements


"We could be doing a lot better though"  
[X Link](https://x.com/EconChrisClarke/status/1749825498887418111)  2024-01-23T16:04Z [----] followers, [----] engagements


"@KvnWithAnA @kylascan Smaller homes do exist. But sure its very difficult to choose to live without indoor plumbing or without central heating anymore. Nevertheless we could have far more affordable housing if we let construction be legal again"  
[X Link](https://x.com/EconChrisClarke/status/1749898737999376498)  2024-01-23T20:55Z [----] followers, [--] engagements


"@KAErdmann Ah yes. So the recent problem is even worse and masked by more building in the south Midwest and rural areas than urban expensive areas"  
[X Link](https://x.com/EconChrisClarke/status/1749960677761134873)  2024-01-24T01:01Z [----] followers, [--] engagements


"Hey I hit a little milestone on this bird site"  
[X Link](https://x.com/EconChrisClarke/status/1754568815772676317)  2024-02-05T18:12Z [----] followers, [----] engagements


"Fast food prices rose a lot faster than overall inflation. Its not because of profits. Its because workers are finally seeing some real gains./🧵"  
[X Link](https://x.com/anyuser/status/1755004174469939371)  2024-02-06T23:02Z [----] followers, 11.6K engagements


"@weatherdai Dollar bills are the national dividend He hasn't read his Smith. "The wealth of a nation consists not in the abundance of its bank accounts but in the abundance of its productions.""  
[X Link](https://x.com/EconChrisClarke/status/1755767532378833072)  2024-02-09T01:36Z [----] followers, [---] engagements


"The fact is libertarians like Hayek & others across the political economy spectrum recognize & advocate for state welfare. The Road to Serfdom says The case for the state organizing a comprehensive social insurance system is very strong. The market alone will never fix poverty"  
[X Link](https://x.com/anyuser/status/1756055547940687984)  2024-02-09T20:40Z [----] followers, 58.2K engagements


"@bellman_f @profplum99 Why"  
[X Link](https://x.com/EconChrisClarke/status/1756101835520450852)  2024-02-09T23:44Z [----] followers, [---] engagements


"@diegomarquezb @jedavalosc You discuss putting things "in practice". We have a century of experience of a welfare state in capitalism from Western Europe to the US and other developed countries. We are far more prosperous today than we were [---] yrs ago. Whereas nobody has even tried anarchocapitlism"  
[X Link](https://x.com/EconChrisClarke/status/1756726945939861521)  2024-02-11T17:08Z [----] followers, [--] engagements


"@diegomarquezb While the spoils of colonization certainly had a large impact we aren't discussing the 19th century but the 2nd half of the 20th a period of decolonization yet even more growth. Take S. Korea or Ireland both whose GDP per Capita have overtaken their former colonizers"  
[X Link](https://x.com/EconChrisClarke/status/1756790714271494419)  2024-02-11T21:22Z [----] followers, [--] engagements


"How is the economy good when it creates 300k jobs a month when we have around [--] million unemployed people Because that net measure masks a lot of the turnover. Each month the economy creates well over [--] million new jobs. /🧵"  
[X Link](https://x.com/EconChrisClarke/status/1757222725645746221)  2024-02-13T01:58Z [----] followers, 12.9K engagements


"@BedfordRichard3 You haven't demonstrated good or bad. It may be that depression levels are unchanged and that the social shame around mental health declined and folks are getting treatment; whereas before they suffered in silence. My personal family history confirms the later"  
[X Link](https://x.com/EconChrisClarke/status/1757832711660769362)  2024-02-14T18:22Z [----] followers, [--] engagements


"It is illegal to build the housing folks want in most cities in America. Economic research has strongly linked this zoning regulation since the 1970s with lack of construction and higher prices. /🧵"  
[X Link](https://x.com/anyuser/status/1758331313340469406)  2024-02-16T03:23Z [----] followers, [----] engagements


"Since the pandemic the cities that have built the most housing have seen rents fall. Minneapolis was the first city to solve inflation last year because of it"  
[X Link](https://x.com/EconChrisClarke/status/1758331362329956562)  2024-02-16T03:23Z [----] followers, [---] engagements


"The Consumer Price Index (CPI) and the Consumer Expenditure Survey (CES) are two different publications. We cannot use descriptions about how the CES works to disprove the CPI. The tweet is going viral due to data illiteracy and partisanship. 3/ Google that find https://t.co/U9HwDVOUN7 Skim it realize that the measurement is NOT CPI-like (where a fixed basket of goods is priced each month / quarter) but instead a SURVEY of people asking them what they spent (for a NON FIXED basket of goods). 3/ Google that find https://t.co/U9HwDVOUN7 Skim it realize that the measurement is NOT CPI-like"  
[X Link](https://x.com/anyuser/status/1761874069891522988)  2024-02-25T22:01Z [----] followers, 17.8K engagements


"@justsomemikey That's my reading of it. He claims the CPI: Food at Home is "not CPI-like" then proceeds to describe how the CES works. He never cites a method paper about the CPI only the CES"  
[X Link](https://x.com/EconChrisClarke/status/1761893745396515217)  2024-02-25T23:19Z [----] followers, [---] engagements


"No Wall Street did NOT buy up 44% of single family homes. We need to check sources before spreading misinformation. Only building more houses will fix your housing affordability problem. Everything else is a distraction /🧵"  
[X Link](https://x.com/anyuser/status/1767695556132925631)  2024-03-12T23:33Z [----] followers, 29.8K engagements


"@HOUmanitarian Ridiculous. If anybody spent five minutes googling it they would see it has false information. Classic that the state that banned TikTok for public employees is falling for the spread of misinformation on that app"  
[X Link](https://x.com/EconChrisClarke/status/1768708879175782438)  2024-03-15T18:40Z [----] followers, [--] engagements


"Housing is bleak but not that bleak. The claim that Wall Street will own 40% of all single family homes is false. [--]. The original reporting was only for rental homes. [--]. MetLife never published their study to begin with. /🧵"  
[X Link](https://x.com/EconChrisClarke/status/1768741480188047535)  2024-03-15T20:50Z [----] followers, [----] engagements


"@rledbetterCPA @vipcpa @bhallcpa @LearnLikeaCPA Wealthy landlord's mortgage interest is taxed deducted which was the context of the quoted op-ed. The housing shortage is caused by decades of a lack of construction not money supply. Removing the government from restrictive land use regulation is the answer yes"  
[X Link](https://x.com/EconChrisClarke/status/1769415744289485282)  2024-03-17T17:29Z [----] followers, [--] engagements


"@paheringer @EconWithDrA I'll link a few different measures. First up we have nominal median earnings for full time workers. The blue line are wages indexed to [----] they grew by 22.3% by the end of [----]. Prices measured by the CPI grew by 18.9%"  
[X Link](https://x.com/EconChrisClarke/status/1769811883224166844)  2024-03-18T19:43Z [----] followers, [--] engagements


"@paheringer @EconWithDrA 2/ Here is another one looking at the average wages for production and nonsupervisory workers adjusted for inflation. So this is a mean but it is a mean that excludes bosses and managers. It's a good measure of the working class purchasing power"  
[X Link](https://x.com/EconChrisClarke/status/1769813074951716889)  2024-03-18T19:48Z [----] followers, [---] engagements


"Was the Fed the primary driver of inflation Was it worth it The government fiscal response was primarily aimed at individuals and families the Fed financed about half the Covid stimulus deficit. /🧵"  
[X Link](https://x.com/EconChrisClarke/status/1771987184205410802)  2024-03-24T19:47Z [----] followers, [----] engagements


"Nope. This is easy to verify it's false. The Washington Times didn't do their due diligence in checking the Medium blog post's original claims. The real number is 1-2% not 44%. I go through the data and source in 🧵"  
[X Link](https://x.com/anyuser/status/1772690814927282446)  2024-03-26T18:23Z [----] followers, 98.7K engagements


"Angus Deaton recently criticized economics. I agree we should say more about moral philosophy and inequality. In my H.E.T class I assign the excellent recent book by @BrankoMilan. I strongly disagree with his comments about the history of U.S immigration and the Chinese exclusion act was explicitly racist"  
[X Link](https://x.com/EconChrisClarke/status/1773498451671797914)  2024-03-28T23:52Z [----] followers, [----] engagements


"More reason to believe that the forecasted three rate cuts are still a very strong possibility. The elevated inflation readings over the past two months have been mainly supply driven https://t.co/wCuwVsEQwO https://t.co/4dmSbRR5of The elevated inflation readings over the past two months have been mainly supply driven https://t.co/wCuwVsEQwO https://t.co/4dmSbRR5of"  
[X Link](https://x.com/EconChrisClarke/status/1774100817026637979)  2024-03-30T15:46Z [----] followers, [----] engagements


"The most recent [--] months bump in inflation appears to be largely driven by the supply side of the market. Because the Feds interest rates operate via the demand side there is still strong credence for [--] rate cuts this year w the first as early as June"  
[X Link](https://x.com/EconChrisClarke/status/1774519170144915735)  2024-03-31T19:28Z [----] followers, [----] engagements


"Does the Fed want a recession No. And Fed Governor Wallace was right to predict we could slow the economy without an increase in unemployment"  
[X Link](https://x.com/EconChrisClarke/status/1774934385487470821)  2024-04-01T22:58Z [----] followers, [----] engagements


"Economic majors earn a higher salary out of college than any other business related major. Whys that Economics gives you skills that employers are looking for because you can apply it to various different subjects and gives you a different perspective at the market"  
[X Link](https://x.com/anyuser/status/1776290023803064800)  2024-04-05T16:45Z [----] followers, 19.5K engagements


"The $5 footlong only existed because of mass unemployment and a massive recession. The [--] inches for $6 is an Australian advert. ($3.95 USD). For the first time in [--] yrs wage inequality has improved. What do you think a good economy would look like"  
[X Link](https://x.com/anyuser/status/1777024848432333274)  2024-04-07T17:25Z [----] followers, 22.2K engagements


"@CowabungaLLC If your social welfare function gives more weight to the upper and middle class than to the poor class then your point has an argument. But if you treat everyone's happiness equally then a high unemployment rate and low wages for the poorest are a bad thing"  
[X Link](https://x.com/EconChrisClarke/status/1777131158385594785)  2024-04-08T00:27Z [----] followers, [---] engagements


"@lostchimp69420 @MorePerfectUS McDonalds does not own most for their stores. This means the profit margin at corporate does not include the costs of most stores (including wages). What you find in that graph is in [----] McDonalds sold many of their company-owned stores to franchisees lowering reported costs"  
[X Link](https://x.com/EconChrisClarke/status/1779898913782432013)  2024-04-15T15:45Z [----] followers, [---] engagements


"@DanielHall33563 @BrettSlagh @MorePerfectUS In [----] McDonalds sold about half of their company-owned stores as franchisees. This increases the profit rate because the costs of those stores is no longer included corporate reports. If you calculate the company-owned profit margin you can replicate my graph"  
[X Link](https://x.com/EconChrisClarke/status/1779899633550156240)  2024-04-15T15:48Z [----] followers, [--] engagements


"@Frozen_Rope @MorePerfectUS Because McDonalds is a franchise it doesn't report all of the costs and revenues associated with its business. The official profit rate will be higher for corporate than it is for the entire operation. That's why my graph only looked at company owned stores"  
[X Link](https://x.com/EconChrisClarke/status/1779900047280550344)  2024-04-15T15:50Z [----] followers, [---] engagements


"@Jimmiwanderer @MorePerfectUS The numbers and graph are directly from the data. Here is a link so you can see yourself. I hand drew the labels to make it easier to see. You can look in the legend at the top of the graph to see the full definition. https://fred.stlouisfed.org/graph/g=1kcNS https://fred.stlouisfed.org/graph/g=1kcNS"  
[X Link](https://x.com/EconChrisClarke/status/1779943757632401594)  2024-04-15T18:43Z [----] followers, [--] engagements


""Maybe too enthusiastic which was a turnoff. Maybe this is an absurd critique but that's just how people are being earnest is 'cringe'." Hmmm ok. 2/n"  
[X Link](https://x.com/EconChrisClarke/status/1789037466957320338)  2024-05-10T20:59Z [----] followers, [----] engagements


"@lthlnkso Interest rates explain a lot of the picture as well. They declined gradually between 1980-2008 and stayed flat until just recently"  
[X Link](https://x.com/EconChrisClarke/status/1792611130625708248)  2024-05-20T17:39Z [----] followers, [--] engagements


"@KevinTartis @GoodMornBadNews Did you calculate your chart yourself or is there a link Inflation was rough & real wages did decline for a while. There is a rational lag in how folks process. Partisan regular & social media have strong negativity biases. Around 20% of folks are struggling & poor"  
[X Link](https://x.com/EconChrisClarke/status/1794047592021778747)  2024-05-24T16:47Z [----] followers, [--] engagements


"@no1historychick @KhoaVuUmn Just look at those who retweeted it. lol"  
[X Link](https://x.com/EconChrisClarke/status/1795906751583097234)  2024-05-29T19:55Z [----] followers, [--] engagements


"There's a time when every economist must address the errors of the perennially cited inflation series from Shadow Stats. They claim that since [----] prices rose over 500% yet when asked can't even name one good that experienced that. I attempt to replicate his flawed method"  
[X Link](https://x.com/anyuser/status/1795952066889732597)  2024-05-29T22:55Z [----] followers, 56.4K engagements


"@MikeFellman I appreciate it. When I was writing the script I thought I was too blunt by the phrase. Does this mean that a generation long term negative real interest rate is possible"  
[X Link](https://x.com/EconChrisClarke/status/1796016135415971967)  2024-05-30T03:09Z [----] followers, [--] engagements


"@KevinTartis People buy things with wages. Real wages are how to measure purchasing power and the effects of productivity. The numeraire is irrelevant to productivity levels. Also there was a lot of deflation 1929-32"  
[X Link](https://x.com/EconChrisClarke/status/1796050403689484771)  2024-05-30T05:25Z [----] followers, [---] engagements


"@sbeam They did have a negative real return in the previous decade but C.D.'s are now higher than inflation. Thats where I'm keeping a significant amount of savings today. A mutual fund will lower your stock market risk. It's pretty standard way to store assets https://fred.stlouisfed.org/graph/g=1okdh https://fred.stlouisfed.org/graph/g=1okdh"  
[X Link](https://x.com/EconChrisClarke/status/1796349237422342613)  2024-05-31T01:13Z [----] followers, [--] engagements


"@jmhorp The story is dramatically different whether we use CPI or PCE to discount nominal wages. Which one is the more accurate long-run measure"  
[X Link](https://x.com/EconChrisClarke/status/1796605204298973377)  2024-05-31T18:10Z [----] followers, [---] engagements


"@jmhorp I've tried to do some reading on it I'll need to do more. But doesn't the CPI also changes it's basket slowly over time"  
[X Link](https://x.com/EconChrisClarke/status/1796609716434698330)  2024-05-31T18:28Z [----] followers, [---] engagements


"@jmhorp Wouldn't the annual changing weights in the CPI do a similar thing as a monthly chained price series to handle substitution Especially over the long run"  
[X Link](https://x.com/EconChrisClarke/status/1796614746801832237)  2024-05-31T18:48Z [----] followers, [---] engagements


"Tax cuts on the wealthy won't create more jobs today. We are already at full employment. Optimal Tax Theory says rates should go up as inequality rises. Considering our current large deficit. It's time to raise not lower taxes. #stitch w @teameffujoe"  
[X Link](https://x.com/EconChrisClarke/status/1799912728121032912)  2024-06-09T21:13Z [----] followers, [----] engagements


"The vast majority of the federal budget goes towards helping the elderly the sick and lower incomes. Foreign military aid is a drop in the bucket. To fix the deficit we would need to either raises taxes or lower spending on the most economically vulneral"  
[X Link](https://x.com/EconChrisClarke/status/1800660918877274357)  2024-06-11T22:46Z [----] followers, [----] engagements


"The NYPost story originating the claim has a number of problems. The employee was fired in [----]. The incident occurred in [----]. The House Oversite Committee in [----] released their findings concluding there is no link between the incident & the unemployment rate. https://oversight.house.gov/wp-content/uploads/2014/05/2013-11-19-DEI-Farenthold-Brady-to-Thompson-Census-DOL-unemployment-rates.pdf https://oversight.house.gov/wp-content/uploads/2014/05/2013-11-19-DEI-Farenthold-Brady-to-Thompson-Census-DOL-unemployment-rates.pdf"  
[X Link](https://x.com/EconChrisClarke/status/1801303288996106632)  2024-06-13T17:19Z [----] followers, [--] engagements


"Individual industries go up and down all the time. One industry maybe going down while others are going up. One's impressions are anecdotes. that's why I linked to a study that did a representative sample of media coverage. Social media took off in the mid 2010's the recession was over. Phones become ubiquitous [----] or so as well"  
[X Link](https://x.com/EconChrisClarke/status/1801304438310899972)  2024-06-13T17:23Z [----] followers, [--] engagements


"Eliminating the income tax to replace it w tariffs is not only impossible it increases the tax burden on the poor and middle class while lowering taxes for the wealthy. And even at that it makes everyone worse off - even the rich. Sources links etc. in 🧵"  
[X Link](https://x.com/anyuser/status/1802019822605377826)  2024-06-15T16:46Z [----] followers, 32.6K engagements


"Heterogenous Agent Trade by Waugh Why Trump's Tariff Proposals Would Harm Working Americans by @KClausing & Mary E. lovely @Brendan_Duke calculations from lowering income taxes and raises tariffs. https://twitter.com/Brendan_Duke/status/1801349306470801532 https://www.piie.com/publications/policy-briefs/2024/why-trumps-tariff-proposals-would-harm-working-americans https://www.minneapolisfed.org/research/staff-reports/heterogeneous-agent-trade Two things about Trump's tariff proposal: 1.) There is no tariff that could replace revenue from $2T of income taxes by taxing $3T of imports. 2.) If"  
[X Link](https://x.com/EconChrisClarke/status/1802019834273902668)  2024-06-15T16:46Z [----] followers, [----] engagements


"Summary of the Latest Federal Income Tax Data [----] Update by @ericadyork https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/ https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/"  
[X Link](https://x.com/EconChrisClarke/status/1802019837205766431)  2024-06-15T16:46Z [----] followers, [---] engagements


"@QuasLacrimas The top marginal income tax is 37% not [--]. Most people pay much less of course. All taxes are distortionary true. But from a Utilitarian perspective income taxes are better than regressive tariffs"  
[X Link](https://x.com/EconChrisClarke/status/1802174847738659067)  2024-06-16T03:02Z [----] followers, [---] engagements


"@Shift_4_ @cremieuxrecueil Do you have any source that estimates the magnitude of the "waste" What I've seen is that it isn't enough to meaningfully address the deficit"  
[X Link](https://x.com/EconChrisClarke/status/1802178233057837535)  2024-06-16T03:15Z [----] followers, [--] engagements


"@Stefan11005620 The thesis of my post is to respond to a particular proposal not to establish what an optimal tax regime would be. Yes discussing Pigouvian LVT and other taxes is interesting but outside the scope of the original OP"  
[X Link](https://x.com/EconChrisClarke/status/1802197761955119369)  2024-06-16T04:33Z [----] followers, [---] engagements


"@NeedlesslyWordy @LaJollaPirate Given current levels of expenditure and the deifict it is impossible to raise enough revenues from import tariffs and while also eliminating the federal income tax"  
[X Link](https://x.com/EconChrisClarke/status/1802216149498888572)  2024-06-16T05:46Z [----] followers, [--] engagements


"@Stefan11005620 No. The optimal tax literature is vast and doesn't have a narrow consensus. But our current income tax structure is well within acceptable limits. LVT is great but it would replace local property taxes. Pigouvian taxes such as a Carbon Tax would be too small to make a diff"  
[X Link](https://x.com/EconChrisClarke/status/1802334256888443202)  2024-06-16T13:35Z [----] followers, [--] engagements


"Today my prior was updated to learn that Reverend Thomas Bayes went to University of Edinburgh as a student"  
[X Link](https://x.com/EconChrisClarke/status/1804608241348854118)  2024-06-22T20:11Z [----] followers, [---] engagements


"@KevinTartis Your graph does not support your claim. You need to compare what would happen between the two methods as does the graph I cited"  
[X Link](https://x.com/EconChrisClarke/status/1804754500906869219)  2024-06-23T05:52Z [----] followers, [--] engagements


"@nntaleb You moved your 🥅. Your original claim is that "Economists are known to be totally useless in the private sector". The fact that Amazon alone hires economists in the hundreds is a counter point worth engaging with. Instead you rely on the petty insults and shifting claims"  
[X Link](https://x.com/anyuser/status/1810424024524354034)  2024-07-08T21:21Z [----] followers, [----] engagements


"In any given year a median of 31% of the nation's largest [--] metro areas experience rent increases 5%. Today with rent growth slowing down in most places we still see 9% of metros with 5%. Biden's rent control 5% cap is probably too low. Far better to build & lift zoning. @EconChrisClarke I don't get a sense as to the distribution in that graph. @EconChrisClarke I don't get a sense as to the distribution in that graph"  
[X Link](https://x.com/EconChrisClarke/status/1813344255836147986)  2024-07-16T22:45Z [----] followers, [----] engagements


"Economic research finds rent control benefits higher income earners by converting apartments into expensive condos. Unlike other controversies econ theory [--] yrs of data testing and a simple supply & demand model all tell the same story. We need to 🏗 🏘 not mess with prices"  
[X Link](https://x.com/anyuser/status/1813709746253521378)  2024-07-17T22:57Z [----] followers, 82.8K engagements


"@about_dave @FairweatherPhD My reading of the fact sheet is that it's simply a "5%" cap (if they want to qualify for the federal tax incentive). The 5%+CPI policy is different from the Biden proposal"  
[X Link](https://x.com/EconChrisClarke/status/1813717977256374755)  2024-07-17T23:30Z [----] followers, [---] engagements


"@Josh_Hawn @MikeFellman Somebody asked me to look at median annual rents over the whole period to get a better idea of the long run rent changes. I still like thinking about the short-run changes though because the policy may affect needed short-run fluctuations. https://x.com/EconChrisClarke/status/1813731253365227989t=5MLN9rNrzR1EDgexOZ920A&s=19 @about_dave @FairweatherPhD We have about [--] cities where it appears to be binding in the past [---] years. https://t.co/P2r5ZTkntF https://x.com/EconChrisClarke/status/1813731253365227989t=5MLN9rNrzR1EDgexOZ920A&s=19 @about_dave @FairweatherPhD We"  
[X Link](https://x.com/EconChrisClarke/status/1813830702607290586)  2024-07-18T06:58Z [----] followers, [--] engagements


"@michaeldomps @ByronPelton @brewsawa Regulations are great when they are needed. But sometimes they cause harm. My framework is to identify when the market fails. The 🏘 market doesn't exhibit the features of market failures. For 🏘 it appears too much zoning regulation is the problem. https://en.wikipedia.org/wiki/Market_failurewprov=sfla1 https://en.wikipedia.org/wiki/Market_failurewprov=sfla1"  
[X Link](https://x.com/EconChrisClarke/status/1813987524408430681)  2024-07-18T17:21Z [----] followers, [--] engagements


"A century ago the middle class in England could hire domestic servants. Around 10% of workers were servants. Today it's less than 0.3%. Why Because wages for the poor grew. Similarly today the fast food servants are disappearing (at least their prices are)"  
[X Link](https://x.com/anyuser/status/1815907116949094878)  2024-07-24T00:29Z [----] followers, 11.3K engagements


"@lthlnkso @tiktok_us Someone pointed out to me to report a copyright violation. I've been doing it for a few months now. It works every time and very quickly (a few days). https://www.tiktok.com/legal/report/Copyright https://www.tiktok.com/legal/report/Copyright"  
[X Link](https://x.com/EconChrisClarke/status/1816694100617494787)  2024-07-26T04:36Z [----] followers, [--] engagements


"Hanging out at #jetset24 with @WSUecons alumni. Lots of Econs. Lots of teaching. #GoCougs @EconTeaching @WSUPullman"  
[X Link](https://x.com/EconChrisClarke/status/1819751770567868840)  2024-08-03T15:06Z [----] followers, [----] engagements


"We may be in a recession . or we may not. The Sahm Rule was triggered. But it isn't destiny. Let's discuss the evidence showing a slowing economy and other evidence showing a continually good economy. @Claudia_Sahm has strongly said "we are not.""  
[X Link](https://x.com/EconChrisClarke/status/1821653286682001459)  2024-08-08T21:02Z [----] followers, 14.5K engagements


"@kay_enne @Claudia_Sahm If you look over my profile you'll see every other post almost is about the housing affordability crisis. It's a serious problem. One that can only be solved by more construction"  
[X Link](https://x.com/EconChrisClarke/status/1822137328397070632)  2024-08-10T05:06Z [----] followers, [--] engagements


"Yes it is time for the Fed to cut rates. The annual inflation rate (as measured by CPI) is currently [---] and falling. Other measures such as OCE are even lower. The Fed has a dual mandate: stable inflation and maximize employment. The Taylor Rule is one way to balance the two. It also says to cut. The employment risk is much higher than the inflation risk at this point"  
[X Link](https://x.com/EconChrisClarke/status/1822152813691990195)  2024-08-10T06:07Z [----] followers, [--] engagements


"What caused inflation [--] Things. Supply: Shortages & Putin Energy Shocks. Demand: Stimmy Checks Fed Monetary Policy Consumer demand for goods over services as well as pent-up demand. Congress & president only contributed to one of those in a mostly bipartisan manner"  
[X Link](https://x.com/EconChrisClarke/status/1822293968039944612)  2024-08-10T15:28Z [----] followers, [----] engagements


"@Philonous The Fed primarily operates via the demand side of the economy. It can't do anything to alleviate supply shortages prevent Putin's disruption of energy markets nor create a vaccine. The Fed has a lot of influence over the macro economy but they aren't omnipotent"  
[X Link](https://x.com/EconChrisClarke/status/1822302390126620898)  2024-08-10T16:02Z [----] followers, [--] engagements


"@kay_enne @Claudia_Sahm The mandate is "stable prices" balanced with "maximum employment." 3% is within the normal range. And the measure they target the Core PCE is currently at 2.6% trending down"  
[X Link](https://x.com/EconChrisClarke/status/1822312323324973276)  2024-08-10T16:41Z [----] followers, [--] engagements


"@kay_enne @Claudia_Sahm There is no "target unemployment rate". If you'll note the trend for unemployment is going up. The trend for Core PCE inflation is going down. Monetary policy operates with a lag. One needs to act before it's too late. Working class people are often the first to go unemployed"  
[X Link](https://x.com/EconChrisClarke/status/1822313392780255268)  2024-08-10T16:45Z [----] followers, [--] engagements


"@kay_enne @Claudia_Sahm The Taylor Rule balances these two things out. It also shows we should cut rates. How many millions of people need to go unemployed for a few decimal places of inflation Core inflation is no good for measuring cost of living true. But it is better at measuring future trends"  
[X Link](https://x.com/EconChrisClarke/status/1822316031118909574)  2024-08-10T16:56Z [----] followers, [--] engagements


"The working class is the first to go unemployed. Wages have continued to grow outpacing groceries and avg inflation. There's nothing the Fed can do about housing. Only construction will fix it. And as for economists cworng about housing affordability take a gander at my content before generalizing"  
[X Link](https://x.com/EconChrisClarke/status/1822318024361157114)  2024-08-10T17:04Z [----] followers, [--] engagements


"@fernanlf @KevinTartis Eh Not following. Kevin's claim is that of the six causes I mentioned only one is true. Quantity Theory of Money isn't so much a theory as tautologically true. The issue with the short run is that velocity fluctuates. So if M but V by the same amount then P stays same"  
[X Link](https://x.com/EconChrisClarke/status/1822476700015542276)  2024-08-11T03:34Z [----] followers, [--] engagements


"@Michael86857434 Then your experience is in the minority. For the vast majority of folks their wages have grown faster than inflation. We see this as "real wage" growth. The lower incomes saw the fastest growth"  
[X Link](https://x.com/EconChrisClarke/status/1824105506467979425)  2024-08-15T15:26Z [----] followers, [--] engagements


"@jimhurle @besttrousers That was for price gouging done in the early 2000's not for the price responses to the recent episode of the bird flu. https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-be6919b3fb42bf2d9d3884d5e133e91d https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-be6919b3fb42bf2d9d3884d5e133e91d"  
[X Link](https://x.com/EconChrisClarke/status/1824455666972627045)  2024-08-16T14:38Z [----] followers, [--] engagements


"@MariGO2thepolls All of the wording is vague. "Price gouging" is the only one used. They never used "price control". I've been spending my day trying to find the original [--] pg. press release. Only the media is reporting it and summarizing it in one or two sentences at most"  
[X Link](https://x.com/EconChrisClarke/status/1824539899883819405)  2024-08-16T20:13Z [----] followers, [---] engagements


"VP Harris wants to stop "price gouging" for groceries. Food prices CPI. But profits may not have contributed that much to inflation Gocery retail is already very competitive w low profits. Harris may intend this to be an antitrust emphasis rather than "price controls" - a word she never used"  
[X Link](https://x.com/EconChrisClarke/status/1824595215820443906)  2024-08-16T23:52Z [----] followers, [----] engagements


"@mehconomics That's a lot of hills for [--] miles outside of Houston. The first time my son went on a hill on a road trip he called it a "ramp." All he had known were freeway ramps"  
[X Link](https://x.com/EconChrisClarke/status/1824996657643373020)  2024-08-18T02:28Z [----] followers, [--] engagements


"@DanThome2 @kylascan @KamalaHarris Deregulating and clearing red tape for the housing market is a good idea"  
[X Link](https://x.com/EconChrisClarke/status/1825179129790320795)  2024-08-18T14:33Z [----] followers, [--] engagements


"@jmhorp On 2nd thought it's probably either these two"  
[X Link](https://x.com/EconChrisClarke/status/1827048761425887247)  2024-08-23T18:22Z [----] followers, [---] engagements


"@DrBDT @Wootenomics @olcrimson Rolling Wheat🌾 fields don't ha e the same branding effect"  
[X Link](https://x.com/EconChrisClarke/status/1827438059945914798)  2024-08-24T20:09Z [----] followers, [--] engagements


"@Wootenomics @olcrimson And wearing an Astros hat. I can relate to this picture"  
[X Link](https://x.com/EconChrisClarke/status/1827438199104532972)  2024-08-24T20:09Z [----] followers, [--] engagements


"@Afinetheorem Is this detectable using the various types of lockdown browsers"  
[X Link](https://x.com/EconChrisClarke/status/1827725513823232440)  2024-08-25T15:11Z [----] followers, [---] engagements


"Turns out grocery stores are really competitive. Using "gross" profits instead of "net" profits is misleading. It ignores labor costs We need greater rigor from our intellectuals w large platforms to work towards a more competitive market. Kroger: -Had gross profit margins above 20% over the last [--] years -Is using dynamic pricing to gouge us further -Paid its CEO $15 million 502x a typical Kroger employee -Wants to acquire Albertsons so you have nowhere else to shop Corporate greed at its absolute worst. Kroger: -Had gross profit margins above 20% over the last [--] years -Is using dynamic"  
[X Link](https://x.com/anyuser/status/1828179212295197040)  2024-08-26T21:14Z [----] followers, 331.1K engagements


"@scdallav @maiamindel Because Copenhagen isn't on that peninsula and is literally a stones throw from Sweden"  
[X Link](https://x.com/EconChrisClarke/status/1829934042994917406)  2024-08-31T17:27Z [----] followers, [--] engagements


"@maiamindel This is the only map that can decide: Iceland is the only one that true escaped the apocalypse in the excellent webcomic Stand Still Stay Silent. It describes the three countries as "Nordic." It does not include Finland calling the language "absolute gibberish" lol"  
[X Link](https://x.com/EconChrisClarke/status/1829937329102090655)  2024-08-31T17:40Z [----] followers, [---] engagements


"@playedaroundwi4 @jmhorp The relationship is not linear. We continued to see a decrease in hours. (For instance we have two day weekends now not simply one). We also have more vacation days than they did. But since the 70's/80's the decline has slowed. Maybe it's time for more"  
[X Link](https://x.com/EconChrisClarke/status/1830765346598592745)  2024-09-03T00:30Z [----] followers, [---] engagements


"Why does the World Bank have China with a GDP of $22.5T in [----] [--] but the Penn World Tables has it $20.3T [--] It may be different methods but its enough to change the story a little. World Bank has China out growing the U.S. in [----]. Whereas Penn Tables still has China's GDP smaller than the U.S. The source says both are in [----] International Dollars (PPP adjusted). [--] [--] https://ourworldindata.org/grapher/national-gdp-penn-world-tabletab=chart&time=1990.latest https://ourworldindata.org/grapher/national-gdp-wbtab=chart&time=earliest.2019"  
[X Link](https://x.com/EconChrisClarke/status/1830796506443718699)  2024-09-03T02:34Z [----] followers, [----] engagements


"This was very helpful thanks Nothing like reading data briefs while going to bed. It seems the World Bank (as represented by the International Comparison Program (ICP)) seems to be the official and/or "preferred" measure. The above graphs show ICP data is far smoother. Both are doing extrapolation between the ICP's "benchmark" years. https://x.com/endofmywits89/status/1830803795766546835t=Xx_9THPyKFYi785g3YlAuA&s=19 https://x.com/endofmywits89/status/1830803795766546835t=Xx_9THPyKFYi785g3YlAuA&s=19"  
[X Link](https://x.com/EconChrisClarke/status/1830845192645288170)  2024-09-03T05:48Z [----] followers, [---] engagements


"@carlpm01 @AwayBerk @alumni_cesar There is evidence for union strikes and labor laws having direct effects for lowering labor hours. This paper looked at the 1910's. Growth mattered the most but gov/unions also contributed. https://x.com/EconChrisClarke/status/1830661923316421018 How did we get the [--] hr work day [--]. More Economic Growth [--]. More Unions [--]. Better Labor Laws [--]. WWI temporarily lowerred immigration [--]. More female labor participation [--]. More long term relationships with employers. Whaples (1990) h/t to @jmhorp for mentioning the paper earlier https://t.co/ZdodK8ratp"  
[X Link](https://x.com/EconChrisClarke/status/1830979925429604477)  2024-09-03T14:43Z [----] followers, [---] engagements


"Pete Jackson's LOTR doesn't feature a viable food supply chain. No farms for the majority settlements of Minas Tirith Edoras or Rivendell. But you know what movie gets it right Shrek"  
[X Link](https://x.com/anyuser/status/1832870832127000582)  2024-09-08T19:57Z [----] followers, 15.4K engagements


"Wasn't the goal to increase employment The tariffs harmed employment once retaliatory effects are considered. @JustinWolfers Actually what matters is tariff design. The washing machine tariffs accomplished their goal which was to raise the price of the machines because they were designed to do so. I predicted you would respond with this because its the go to example for people who have not studied @JustinWolfers Actually what matters is tariff design. The washing machine tariffs accomplished their goal which was to raise the price of the machines because they were designed to do so. I"  
[X Link](https://x.com/anyuser/status/1834116262219436122)  2024-09-12T06:26Z [----] followers, [----] engagements


"This is false. Tariffs increased prices for consumers. They also lower prices for US exporting producers. They didn't save jobs but rather lost jobs. It's one of the few things nearly all economists agree on. The evidence is overwhelming"  
[X Link](https://x.com/anyuser/status/1834713879169188240)  2024-09-13T22:00Z [----] followers, 24.2K engagements


"@bobbysaxon2 The universal tariffs on washing machines expired"  
[X Link](https://x.com/EconChrisClarke/status/1834966194773979428)  2024-09-14T14:43Z [----] followers, [--] engagements


"@bobbysaxon2 That article did not estimate the cost of those jobs. ($900k damage to the economy a piece). Nor did it account for the exporting job losses. I already acknowledged the jobs crated by it in my OP"  
[X Link](https://x.com/EconChrisClarke/status/1834978665396158494)  2024-09-14T15:33Z [----] followers, [--] engagements


"@ZalinskyS @JustinWolfers Here is a more careful analysis which controls for a wide variety of your concerns (as well as others). The isolated tariff effect follows roughly what the raw data say. The [----] tariffs had a statistically significant higher price effect https://www.aeaweb.org/articlesid=10.1257/aer.20190611 https://www.aeaweb.org/articlesid=10.1257/aer.20190611"  
[X Link](https://x.com/EconChrisClarke/status/1835760765179212087)  2024-09-16T19:20Z [----] followers, [---] engagements


"50 basis points it is Prioritizing full employment. As I've been saying how many millions of unemployed people are needed for a few decimal places of CPI I'm glad to see the Fed sees it similarly"  
[X Link](https://x.com/EconChrisClarke/status/1836466836885639471)  2024-09-18T18:06Z [----] followers, [----] engagements


"Big rate cut Unemployment is good but rising. Inflation is beat. CPI without shelter is only 1.1% The Fed can't do much to help housing affordability. As Powell notes: only YIMBY can save us"  
[X Link](https://x.com/EconChrisClarke/status/1836564525237309713)  2024-09-19T00:34Z [----] followers, [----] engagements


"@GeologicSuccess @Michael86857434 Nobody has established CPI is a lie"  
[X Link](https://x.com/EconChrisClarke/status/1838078996883681613)  2024-09-23T04:52Z [----] followers, [--] engagements


"@GeologicSuccess @Michael86857434 They use PCE which is fairly similar to CPI. But nobody uses the word "lie" or any similar synonym nor implication"  
[X Link](https://x.com/EconChrisClarke/status/1838255739540041778)  2024-09-23T16:34Z [----] followers, [--] engagements


"There are [--] reasons economists argue in favor of tariffs. [--]. "Infant Industries" (however the research on it is controversial) [--]. National Defense. While less controversial the question is whether Biden's EV tariff count or whether it's just plane ol protection of Ford & Tesla"  
[X Link](https://x.com/EconChrisClarke/status/1838330137097703777)  2024-09-23T21:30Z [----] followers, [----] engagements


"@jmhorp @EconsEveryDay I'm surprised the no-mortgage and the mortgage homeowners spend comparable amounts of their incomes on housing. I understand it includes utilities etc. But still. Perhaps folks who pay off their house are closer to retirement and have lower incomes"  
[X Link](https://x.com/EconChrisClarke/status/1838973989424926866)  2024-09-25T16:09Z [----] followers, [---] engagements


"Recent Money&Macro vid by @JoeriSchasfoort shows PPP adjusted pcGDP of the UK/EU are actually keeping up w the U.S. (unlike exchange rate measures) But wouldnt it be better to use constant [----] PPP rather than current PPP to control for diff in inflation https://youtu.be/5YAaeOonFRIsi=fNOTP-Sv7UpcY30f&t=419 https://youtu.be/5YAaeOonFRIsi=fNOTP-Sv7UpcY30f&t=419"  
[X Link](https://x.com/EconChrisClarke/status/1839022913363845495)  2024-09-25T19:23Z [----] followers, [---] engagements


"@Noahpinion Shouldn't we use "constant 2021" PPP to control for differences in inflation It shows Ireland has always been higher since [----]. https://data.worldbank.org/indicator/NY.GNP.PCAP.PP.KDlocations=IL-IE https://data.worldbank.org/indicator/NY.GNP.PCAP.PP.KDlocations=IL-IE"  
[X Link](https://x.com/EconChrisClarke/status/1839024503349015022)  2024-09-25T19:29Z [----] followers, [---] engagements


"Washington State University's Clarke said. "Prices are trending in the right direction so there's not any work left for the Fed to do there. Unemployment is trending in the wrong direction that's where the focus should be." https://seekingalpha.com/news/4153732-pce-previewgt=bb6c8149302b8a65 https://seekingalpha.com/news/4153732-pce-previewgt=bb6c8149302b8a65"  
[X Link](https://x.com/EconChrisClarke/status/1839432013495111924)  2024-09-26T22:29Z [----] followers, [---] engagements


"@BrianCAlbrecht But the "Rise" part of that book is sooo good"  
[X Link](https://x.com/EconChrisClarke/status/1839435223874072860)  2024-09-26T22:41Z [----] followers, [---] engagements


"We could simply expand the House by [---] representatives. [--]. No constitutional amendment necessary. [--]. Functionally eliminate any numerical difference between the Electoral College & popular vote. [--]. We expanded it all the time in 19thC. [--]. Nate Silver no longer has the [---] brand Arguments for keeping the EC I respect: - "I'm a partisan Republican and it advantages my side therefore I like it." Arguments I do not respect: - Anything else. The first argument is honest clear and true. Have not found another that is. Arguments for keeping the EC I respect: - "I'm a partisan Republican and it"  
[X Link](https://x.com/EconChrisClarke/status/1840443146661999037)  2024-09-29T17:26Z [----] followers, [----] engagements


"Deportations lowered demand for 🏠. But they likely lowered the supply of 🏠 by even more. Net effect Increased prices. We've tested this. Given that the U.S. stopped 🏗 🏘 [--] years ago I'd say it's housing supply not recent immigration demand that is the primary cause. You were promised econ studies on the effects of immigration on house prices. So let's deliver: An important new study finds that more robust enforcement of immigration laws reduces the construction workforce which has led to higher house prices. https://t.co/UQt6imtwJ5 https://t.co/9l8TZkpWd0 You were promised econ studies on"  
[X Link](https://x.com/anyuser/status/1841601134580171099)  2024-10-02T22:08Z [----] followers, 39.7K engagements


"@Oceanave1980 My point is that immigration isn't causing home price to increase. Rather that massive deportations given what sectors they work in the U.S. will harm house prices not improve them"  
[X Link](https://x.com/EconChrisClarke/status/1841634890011553803)  2024-10-03T00:22Z [----] followers, [---] engagements


"@econ_escape Vance is incorrect as the same period we stopped constructing homes was the same period deportations started to increase. (Although imo I think the zoning restrictions are the stronger cause)"  
[X Link](https://x.com/EconChrisClarke/status/1841641107312279993)  2024-10-03T00:47Z [----] followers, [---] engagements


"@sirthomasdrake @Oceanave1980 Can you cite a source that tested what happens when the U.S. deports of undocumented workers 'Cuz that's what I just did"  
[X Link](https://x.com/EconChrisClarke/status/1841705555477594373)  2024-10-03T05:03Z [----] followers, [--] engagements


"@pushmedia1 How did this paper not estimate demand effects It showed the effects of a decline in foreign born population. The mechanism was an increase in deportation policy. That has both demand and supply effects"  
[X Link](https://x.com/EconChrisClarke/status/1841887641635324014)  2024-10-03T17:06Z [----] followers, [--] engagements


"@blunkforEU As I said in my OP immigrants have both a demand and supply effect. It is an empirical question to decide which effect is stronger when we deport undocumented workers in the U.S. Different areas of the world and different policies could have different effects"  
[X Link](https://x.com/EconChrisClarke/status/1841888565900501364)  2024-10-03T17:10Z [----] followers, [--] engagements


"Good. I didn't have time to make a TikTok about it anyways. Breaking: The U.S. port strike ended after dockworkers and port operators reached a deal on wages https://t.co/BpUlb0zvB3 https://t.co/BpUlb0zvB3 Breaking: The U.S. port strike ended after dockworkers and port operators reached a deal on wages https://t.co/BpUlb0zvB3 https://t.co/BpUlb0zvB3"  
[X Link](https://x.com/EconChrisClarke/status/1841975458684141874)  2024-10-03T22:55Z [----] followers, [---] engagements


"Vance gave [--] links to support his claim that undocumented immigrants increase 🏠 rents. Only [--] of [--] gave an actual estimate. And it explicitly held the supply constant Doing the full estimate research find undocumented deportations affect supply more than demand prices. As promised earlier tonight here is Michelle Bowman of the Federal Reserve Board of Governors: "Given the current low inventory of affordable housing the inflow of new immigrants to some geographic areas could result in upward pressure on rents." https://t.co/dfO0wFmyPs https://t.co/KfDjPaZC7G As promised earlier tonight here"  
[X Link](https://x.com/EconChrisClarke/status/1842306888823951525)  2024-10-04T20:52Z [----] followers, [----] engagements


"Turns out the rise in 🏠 rents (2021) happened BEFORE the surge in immigration (2022). Work from home & strong domestic demand drove the earlier rise in housing rents"  
[X Link](https://x.com/anyuser/status/1842646180624507071)  2024-10-05T19:20Z [----] followers, 21.8K engagements


"@MatthewRousu What measures show "not great" Prime age Emp-pop is the best we've seen in [--] years. You've mentioned household income. But other measures of income are solid. GDP per cap growth is on the high end relative to the past [--]. Unemp is also solid. Real investment is normal"  
[X Link](https://x.com/EconChrisClarke/status/1843664316299645183)  2024-10-08T14:46Z [----] followers, [--] engagements


"Nye Elko and Lincoln counties are the 3rd 4th and 7th largest counties in the US by land. Clark county (Vegas) is 11th largest by population. (Side note: Clark county is the nations 5th largest school district) Its so funny that an absolute dem blowout in Nevada has them winning just three counties. Land truly doesnt vote. Its so funny that an absolute dem blowout in Nevada has them winning just three counties. Land truly doesnt vote"  
[X Link](https://x.com/EconChrisClarke/status/1843701127520628912)  2024-10-08T17:12Z [----] followers, [----] engagements


"How do we know taxes create value Again if one is interested in the effect of public provision of goods on private output we can test that. Which I've done. There is a long robust empirical literature finding a positive effect. Private property is also protected "by force". This is a red herring unless you're an an-cap. https://journals.sagepub.com/doi/10.1177/1091142117736606icid=int.sj-full-text.similar-articles.8 https://journals.sagepub.com/doi/10.1177/1091142117736606icid=int.sj-full-text.similar-articles.8"  
[X Link](https://x.com/EconChrisClarke/status/1844827629175919002)  2024-10-11T19:49Z [----] followers, [--] engagements


"Democracy made the world rich. Parliaments increased in Europe. But the "resource curse" of 🌎 gold revenues meant Spain no longer needed parliament taxes. England & Netherlands relied on democracy revenues giving the state capacity needed for the Industrial Revolution"  
[X Link](https://x.com/EconChrisClarke/status/1844879945023226230)  2024-10-11T23:17Z [----] followers, [----] engagements


"@gpooley @profstonge If you took $20 from me and then bought pizza the GDP would go up by $20 from the purchase Pizza but then it would go down by $20 because I no longer night the pizza for myself. The overall effect on GDP is zero"  
[X Link](https://x.com/EconChrisClarke/status/1844880494426784235)  2024-10-11T23:19Z [----] followers, [--] engagements


"Economics still can't predict nor control recessions & inflation very well. But it sure knows a thing about trade. Using a simple Ricardian gravity model of trade along with digitized cuneiform accounting records we have new evidence for the location of lost Anatolian cities"  
[X Link](https://x.com/anyuser/status/1845205761443627053)  2024-10-12T20:51Z [----] followers, 55.5K engagements


"The East German economy didn't work out. Much of this was due to communist nationalization authoritarianism as well as initial Russian exploitation. But there were many pre-existing differences making robust scientific inference difficult"  
[X Link](https://x.com/EconChrisClarke/status/1845554017033990299)  2024-10-13T19:55Z [----] followers, [----] engagements


"The Nobel goes to Acemoglu Johnson & Robinson for their work on the effects of institutions on long-run economic prosperity. It's not an easy topic to study empirics have advanced since. We also got a few memes out of it over the years"  
[X Link](https://x.com/anyuser/status/1845914121579175965)  2024-10-14T19:46Z [----] followers, [----] engagements


"Our department is hiring a teaching economics professor at the Vancouver WA (Portland metro) campus. We begin reviewing applicants on November 1st. Please share with your students on the market interested in a teaching career. https://www.aeaweb.org/joe/listing.phpJOE_ID=111474509 https://www.aeaweb.org/joe/listing.phpJOE_ID=111474509"  
[X Link](https://x.com/EconChrisClarke/status/1846960368150892945)  2024-10-17T17:04Z [----] followers, [----] engagements


"@jmhorp Share of wealth vs net wealth. Relative wealth vs absolute wealth. Both are important. That said shares can change due to composition effects (boomers are a large cohort). Econ growth was also faster for boomers relative to earlier generations leading them to have higher share"  
[X Link](https://x.com/EconChrisClarke/status/1847519341732122995)  2024-10-19T06:05Z [----] followers, [---] engagements


"Fixing social security requires a combination of either higher taxes or lower benefits. Th Trump campaign does the opposite: lowering taxes for the wealthy. The CFRB estimates this will hasten the end of the trust fund by [--] years"  
[X Link](https://x.com/EconChrisClarke/status/1849880612682990076)  2024-10-25T18:28Z [----] followers, [----] engagements


"The economy is growing we are continually creating jobs and the tech layoffs are smaller than new tech hires. Sources in 🧵"  
[X Link](https://x.com/EconChrisClarke/status/1849960149290729906)  2024-10-25T23:44Z [----] followers, [----] engagements


"@VolgareT native born workers are currently net-retiring right now. That's driving nearly all of this story"  
[X Link](https://x.com/EconChrisClarke/status/1849962223327985943)  2024-10-25T23:52Z [----] followers, [--] engagements


"@VolgareT Millennials are irrelevant here. The question is those native born boomers are retiring not being replaced by native born GenZ. FLFP won't be that different by generation for early [--] yrs olds. The generational gap will matter more for [--] yrs olds when families are started"  
[X Link](https://x.com/EconChrisClarke/status/1850079358469406783)  2024-10-26T07:37Z [----] followers, [--] engagements


"Oh hey I got cited in a community note. Cool"  
[X Link](https://x.com/anyuser/status/1850395028428034349)  2024-10-27T04:32Z [----] followers, 12K engagements


"The doomer media keeps getting worse. Negative reporting bias distorts our perception of reality. More than ever we need representative samples and food economic data"  
[X Link](https://x.com/anyuser/status/1850592130546442368)  2024-10-27T17:35Z [----] followers, 33K engagements


"Woa I crossed 100k followers on TikTok and had my highest viewed video ever w 2.5M over on Instagram. Here is to many more. Thanks to all the views likes shares and comments. I always enjoy the perspectives and diverse viewpoints. I've learned a lot"  
[X Link](https://x.com/EconChrisClarke/status/1850932762909581584)  2024-10-28T16:08Z [----] followers, [----] engagements


"@microsamonomics When is @stlouisfed going to take these series easily available The baby boomer retirement wave is only going to get stronger"  
[X Link](https://x.com/EconChrisClarke/status/1852766157541085459)  2024-11-02T17:34Z [----] followers, [--] engagements


"@MariGO2thepolls Time to touch grass"  
[X Link](https://x.com/EconChrisClarke/status/1852800217906872495)  2024-11-02T19:49Z [----] followers, [---] engagements


"@maiamindel Did you waver anon"  
[X Link](https://x.com/EconChrisClarke/status/1852803634297446512)  2024-11-02T20:03Z [----] followers, [---] engagements


"Claims that today is worse than the Great Depression or rather its a "silent depression" went super viral Summer [----] on TikTok. They attempted to erroneously support it using historical data. The trend petered off by the end of the year though. At some point even MAGA people have to realize that "We're in a depression" is just blatant nonsense At some point even MAGA people have to realize that "We're in a depression" is just blatant nonsense"  
[X Link](https://x.com/EconChrisClarke/status/1852917417661669676)  2024-11-03T03:35Z [----] followers, [----] engagements


"@besttrousers Yeah inflation is surprisingly uniform across states. Local reporters would always ask me for a local angle. But the answer was almost always the same as the national story. Housing is a possible exception. But of course that's largely determined by local policies"  
[X Link](https://x.com/EconChrisClarke/status/1852975780613308614)  2024-11-03T07:27Z [----] followers, [----] engagements


"Who are economists voting for There are many different views. [--] nobels endorsed Harris. None have endorsed Trump. One worry is the firing of professional civil servants to be replaced by partisan loyalists. This happened in Argentina in [----] leading to [--] yrs of high inflation"  
[X Link](https://x.com/anyuser/status/1853203090054484217)  2024-11-03T22:30Z [----] followers, 17.5K engagements


"@VolgareT She's toned down her rhetoric on "price gouging." She never used the phrase "price control." Since the initial press release she has emphasized enforcing existing anti-trust price gouging laws rather than implementing a new price control regime"  
[X Link](https://x.com/EconChrisClarke/status/1853214176367542608)  2024-11-03T23:14Z [----] followers, [---] engagements


"Replacing civil servants with loyalists is not about left/right ideology. It's about avoiding transparency and accountability. Trump has repeatedly claimed he wants to control the Fed. [--] He has also repeatedly claimed he will replace civil servants with loyalists. [--] A decent economists responds to repeated policy goals of presidential candidates not ignore them. [--]. [--]. https://thehill.com/opinion/campaign/4941371-trump-war-on-civil-service/ https://www.piie.com/blogs/realtime-economics/2024/donald-trump-could-return-outdated-federal-reserve-model"  
[X Link](https://x.com/EconChrisClarke/status/1853215290823524617)  2024-11-03T23:18Z [----] followers, [---] engagements


"How do Hurricanes affect the GDP measure Economists have long known about "the broken window" fallacy. Turns out it's true empirically for storms too. The measured effect appears to be zero"  
[X Link](https://x.com/EconChrisClarke/status/1853570297926222183)  2024-11-04T22:49Z [----] followers, [----] engagements


"@GuillimanJaw I'm only showing that environmental extraction and damage are not directly tied to our measure of GDP. GDP can grow without increased environmental damage. In other words sustainable growth is an obtainable goal. We are already seeing it for the past [--] years with CO2"  
[X Link](https://x.com/EconChrisClarke/status/1853700217016901821)  2024-11-05T07:25Z [----] followers, [--] engagements

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