"If you live in a state that requires a license to complete a task it’s considerable more difficult to find a contractor than if you lived in nearby state that does not license the task." Great new paper by Mischa Fisher and Peter Blair marginalrevolution.com/marginalrevolu…

You'll also get to see work by Dr. Peter Q. Blair and Mischa Fisher, Maria Koumenta, and Kihwan Bhae!

Great start to the workshop today in beautiful Puerto Rico! Our first three presentations started with Rebecca Haw Allensworth, followed by Mischa Fisher and finally Morris M. Kleiner to wrap up the morning session of the workshop! #licensing #regulations

Initial conditions: Pendulum 1: position: (2.79, 1.71), mass: 2.58 Pendulum 2: position: (1.02, 4.33), mass: 4.49

Utah and Colorado compete over a lot of things – who has the better mountains, the better skiing, the better economy, etc. I think it’s Utah, and Governor Jared Polis thinks it's Colorado. But one thing we agree on, is that Americans need to learn how to #DisagreeBetter and that healthy

Update two years later, Shoshana Weissmann, Sloth Committee Chair 🦥 is still looking...

What does the next economic cycle mean for your bottom line? Attend NARI's 2023 Fall Conference and hear Mischa Fisher's strategies for remodelers to adapt and evolve as the remodeling and home improvement industry changes. Register at nari.org/NARI2023. #NARIFALL2023

.Mischa Fisher is doing some work on his property in Colorado but found out dealing with squatters. Just take a look

Thank you to the fantastic speakers who shared their expertise at NARI's 2023 Fall Conference in Las Vegas this month. We are looking for new speakers for 2024. Let us know if you (or someone you know) has great information for remodelers! nari.org/Request-for-Pr…

🌙 🏔 !

Researchers are increasingly hyping their findings: link.springer.com/article/10.100… via Steve Stewart-Williams

This is overdue, but there's also no free lunch. If the rest of the market clears at price x & interest rate y, there's no incentive for sellers to price at x with interest rate < y. 1st principles: buyers must pay > x. The market clearing price will be some function of E(term).

The wintry west extends his blast, And hail and rain does blaw; Or, the stormy north sends driving forth The blinding sleet and snaw: While tumbling brown, the burn comes down, And roars frae bank to brae; And bird and beast in covert rest, And pass the heartless day.

Levitt on Heckman at UChicago Economics: "An absolute genius, but a nightmare personality. He eventually decided that he and I were at war for the future of economics although I never saw it that way. And he did crazy things. I just tell you one crazy thing he did. At one point he

One of my main motivations for founding Our World in Data was to overcome the mad reality in academia that much of the most important research and data is locked away behind paywalls. I wanted research and data to be a public good, accessible to *everyone*. If you find our work

FOMC projections are not promises. Today's projection of one rate cut leans hawkish, but if inflation (particularly PCE) continues to show cooling, the Fed will revise. The Fed doesn't want to cut prematurely, but they also don't want to be behind the curve. They remain data

We're lighting up the night sky with colorful fireworks to celebrate 248 years of American independence. Happy Fourth of July! 🇺🇸 #July4th2024 #NationalMall #WashingtonDC 🇺🇸

Did Powell get his housing reset? Fast-forward from June 2022 to today: - Mortgage rate up +100 bps (5.8% to 6.8%) - Home values up +6% - Typical homebuyer’s mortgage payment up +12% - Resale listings up +3%, but homes under construction down -126K units Overall, inflation is

So has the recession started in the US? In new work with Emmanuel Saez, we find that yes, as of July 2024, the US is in recession with 40% probability. The US may have entered the recession as early as March 2024. pascalmichaillat.org/16/

I always want my posts to be an escape from the toxicity of the internet. No politics, no anger, no trolling. Just a nice palate cleanser for anyone who’s having a bad day. Everyone can benefit from taking a moment to appreciate the beauty of the universe.