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Catherine Rampell
@crampell.bsky.social
Washington Post op-ed columnist, CNN econ/politics commentator, PBS NewsHour special correspondent. Former theater critic, current theater enthusiast.
4k followers116 following41 posts
Reposted by Catherine Rampell
DMdonmoyn.bsky.social

Trump combines an anti-statism plus anti-democratic threats. The more moderate GOP candidates just include anti-state threats. Nikki Haley wants a 5 year term limit of federal employees. @crampell.bsky.socialwww.washingtonpost.com/opinions/202...

This sounds like a clever idea until you think about it for, oh, two seconds. It means we’d have to purge and replace every single air traffic controller every five years. Also all the nuclear physicists working for the Energy Department and rocket scientists at NASA, whose depth of expertise can’t easily be recreated on a five-year deadline.

Add to this list food-safety inspectors, who assess sanitary conditions at slaughterhouses. Statisticians who tabulate labor-market data. Epidemiologists who track outbreaks. Arabic and Farsi speakers throughout our intelligence services.

And everyone else who has some valuable, specialized expertise, and who, because of a sense of duty and belief in their public mission, is willing to tolerate constant denigration from elected officials and lower pay than they could receive in the private sector.
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CRcrampell.bsky.social

Among the more significant changes: a new default estimate of the discount rate of 2%, down from the default estimate of 3% in the prior (20-year-old) version of Circular A-4.

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CRcrampell.bsky.social

Not sure this is obviously true. Remember money illusion: people think raises are things they deserve, price growth is inflicted upon them But also, have you never been super mad about feeling ripped off by a high price, but then still bought the thing anyway? I think this is all of America rn

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CRcrampell.bsky.social

Yes at this point people seem mad about the price level. I get asked all them time when prices are "going back down." To economists it's obvious that the overall price level is not likely to fall—that further we don't *want* deflation—but this is not intuitive to regular consumers.

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CRcrampell.bsky.social

As an aside, I'd love to read a genealogy of those whipping up the Staten Island mob (Johnny Tabacco, Curtis Sliwa, etc). How many of their ancestors came to this country seeking refuge and a better life? How were they received by locals when they arrived? cc @jmendelsohn.bsky.social

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CRcrampell.bsky.social

From Jan 1-Aug 31, 2023, the number of unique titles challenged at libraries increased by 20% from the same reporting period in 2022. The vast majority of challenges were to books written by or about a person of color or a member of the LGBTQIA+ community.

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CRcrampell.bsky.social

Thank you! And thanks to @dandrezner.bsky.social for the invite

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Catherine Rampell
@crampell.bsky.social
Washington Post op-ed columnist, CNN econ/politics commentator, PBS NewsHour special correspondent. Former theater critic, current theater enthusiast.
4k followers116 following41 posts