AP at @faubusiness | AE at @_PublicChoice | Fellow at @AIER’s @SoundMoneyProj | Monetary History & Political Economy | Views my own

Boca Raton, FL
Joined September 2022
A work in progress, but I used @claudeai to organize all the Chicago price theory problems @irwincollier has collected from the archives. Access the database here: bryancutsinger.com/teaching/… Suggestions welcome.
Economics in the Rear-view Mirror has crossed the 2000th artifact threshold. Presenting the Univ of Chicago’s economic theory prelim from the Winter quarter of 1953. irwincollier.com/chicago-gra…
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Bryan Cutsinger retweeted
Today's papers, on endogenous property rights at the technology frontier, bring to mind Harold Demsetz's work, especially this paper, a classic in @MasonEconomics circles. Of course @MartinBeraja, a U Chicago Ph.D., discusses Demsetz at some length in his paper.
Today we kick off a PhD reading group at @UCBerkeley on Growth, Technology, and Innovation. Sessions on innovation and automation, property rights, and knowledge in organizations — old classics and new work on AI, side by side, built around gaps where the next papers should be. Here is the reading list for those who are interested.
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Excited to share that Money Mischief and Fiscal Folly, my new book with my colleague Alex Salter, is available for pre-order! Why did experts miss the 2021 inflation surge? We explain what went wrong—and make the case for monetary rules and a stable dollar. Out April 13!
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Excited to share this new work on mapping economic theory with agentic AI! The astonishing rise in AI math capability can help us understand formal models in economics. We do it by using LLM agents to represent theory papers as graphs. See thread by @andreacicca_ here:
AI is increasingly used to find errors in research. But which ones actually matter and deserve our attention? Our new paper with @ellliottt and @sergallet maps the logic of economic models into claim graphs to assess how much an error changes their conclusions.
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There's no incentive to leave if California's net wealth tax is a one-off, says advocate @gabriel_zucman, author of an annual *global* wealth tax proposal & whose own paper on California's said "if Proposition 40 passes...it could encourage...a permanent annual wealth tax."
Zucman here is obviously right. In the paper, billionaires leave California forever even though there will not be next wealth tax. So in paper billionaires are irrational or there is some hidden assumption that California will levy next one time wealth tax only when they come back
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COMING OCTOBER 29: I'm launching a new economics podcast for the @CatoInstitute called The Economics of It. Subscribe now to ensure you receive the first episode with @Kalshi CEO @mansourtarek_ direct to your feed. Links to channels in next tweet.
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NEW: Captured Gatekeepers: Controlling Entry into Licensed Professions A new policy brief by @BryanPCutsinger and @siriterjesen finds that 22 out of 25 program accreditors fail to operate "separate and independent" of the associations for licensed professions.
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For decades, French governments have tried to buy peace with spending concessions or by abandoning reforms. Now public debt is 119% of GDP, the deficit is 5.4%, and a massive fiscal adjustment is needed. What does this tell you about France’s ability to reform?
🔥 Emeutes et incendie de l'hôtel de Ville à Limoges : le clocher s'est écroulé ce soir, l'édifice historique semble complètement perdu.
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‘Anti-fascist economics’ argues that the recent inflation bred support for authoritarianism. Unfortunately, it flubs what caused most of the inflation. wapo.st/4sdEOrT
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Re reading Hayek is one of the best uses of time. The only better use is reading him for the first time (if you haven’t).
This week I re-read Hayek’s The Use of Knowledge in Society. This paragraph is a useful reminder of the value of complex, evolved social systems (price system, scientific knowledge production etc) & the risk of disrupting them willy-nilly & wholesale.
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“a higher degree of entrepreneurship unambiguously increases output, the capital stock, and real wages… In this context, policy reforms that promote entrepreneurship would foster innovation, productivity, and higher real wages.” onlinelibrary.wiley.com/doi/…
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Six Nobel Prize-winning economists, and @gabriel_zucman, have endorsed California's proposed billionaire tax. But what do economists who actually specialize in taxation think? I surveyed them to find out. Turns out they don't support it. 🧵
A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago, on September 7. When it was "just" 178% higher than on January 1, 2023. They’d rather let 3 million people lose their health insurance than let that happen.
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He's baaack! @GeorgeSelgintakes time off from living the good life in Spain to weigh in on lessons learned from the Fed's Main Street lending facilities, emergency lending facilities, and the Fed's balance sheet task force. mercatus.org/macro-musings/g…
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