What I've learned in 45 years of reporting on the military.
And why that makes the current reckless folly even worse than it looks.
(Most before paywall.)
fallows.substack.com/p/the-arroga...
What I've learned in 45 years of reporting on the military.
And why that makes the current reckless folly even worse than it looks.
(Most before paywall.)
fallows.substack.com/p/the-arroga...
The opening scene of my 2004 article 'Blind Into Baghdad' is an interview with Feith, at the Pentagon, on why it didn't make sense to plan for "the day after" in Iraq.
20+ years later, applying same 'logic' to Iran
See also: fallows.substack.com/p/the-arroga...
www.theatlantic.com/magazine/arc...
We are currently seeking organizational and individual support for our FY27 Funding Recommendation Letter and hope you will join us in asking for more robust funding for BLS. We are asking Congress to approve $754 million for BLS in FY27 which is a 5% increase over FY26. These funds will allow BLS to train new staff, implement delayed modernization efforts, and sustain response rates in multiple programs. We are accepting sign-ons from both organizations and individuals no later than COB Wednesday March 4. Please select the appropriate link below to read the full letter and sign-on.
Care about Americans, employment, earnings, consumer prices, your local or our national economy?
@usbls.bsky.social empowers us to better recognize these & make decisions.
Consider signing onto Friends of BLS's new letter to Congress re its budget.
And spread the word.
Many workers have missed shifts without jobs being destroyed making it challenging to measure labor impacts with conventional sources.
We use real-time daily data from Homebase to measure impacts. Thanks to UChicago and Homebase for making the data available.
#EconSky #NumbersDay
The cap on the event was increased threefold this afternoon, so hopefully you now can register.
13.02.2026 22:03 β π 0 π 0 π¬ 1 π 0Also, if for some reason the organizers cannot expand the event online audience, the event page says they will post a recording of the event.
13.02.2026 02:49 β π 1 π 0 π¬ 1 π 0Sorry, I just saw that. I am not in charge of the event, but I will communicate with the event organizers to see if additional virtual slots can be added
13.02.2026 02:44 β π 0 π 0 π¬ 0 π 0Other speakers include computer historians, as well as other family members with more personal stories of the ENIAC inventors, Pres Eckert and John Mauchly.
13.02.2026 02:32 β π 0 π 0 π¬ 0 π 0I am speaking, as the son of Jean Jennings Bartik, who was one of the six ENIAC programmers (all women!). The keynote is by Kathy Kleiman, who runs the ENIAC Programmers Project, and who deserves much of the credit for helping bring the hidden history of the ENIAC programmers into the light.
13.02.2026 02:32 β π 4 π 0 π¬ 1 π 0A list of speakers for this 2 hour event can be found here, halfway down the page: eniacday.org/events
13.02.2026 02:32 β π 1 π 0 π¬ 1 π 0This is a sign up for "ENIAC Day": the 80th anniversary of the Feb 15 1946 first public demonstration of the ENIAC, which led to the modern computer industry. Signing up for the virtual version of the event is free.
13.02.2026 02:32 β π 5 π 1 π¬ 2 π 0
Our own @mmilleradams.bsky.social and @timbartik.bsky.social have a new piece in @bridgemi.com examining the economics of tuition-free college. By their reckoning, the cost-benefit ratio of free college is nearly unmatched.
Read more: bridgemi.com/guest-commen...
#highereducation, #michigan,
With funding for Michiganβs Rx Kids program back in the news, itβs good to look at the data.
Read our report on the economic effects of #RxKids in Flint here: www.upjohn.org/research-hig...
#Econsky, #MI, #Flint, #Michigan
Figure shows cost per job created of tax incentives at $436K, versus $155K for infrastructure, $82K for training, & $78K for business advice.
These services can have less than one-third the cost per job created for local residents compared to tax incentives.
01.12.2025 19:58 β π 2 π 0 π¬ 0 π 0As I have argued, the most cost-effective ways to help distressed places is to provide "customized services" rather than business tax incentives. Such services include infrastructure and training. dev-equitablegrowth.pantheonsite.io/federal-and-...
01.12.2025 19:58 β π 2 π 1 π¬ 1 π 0"To cushion trade shocks, it calls for the losers to be compensated financially, and for governments to invest in infrastructure and education to make economically depressed regions more attractive to outside companies." I obviously agree.
01.12.2025 19:58 β π 0 π 0 π¬ 1 π 0I obviously particularly liked the paragraph that begins: "One of the general principles of the London Consensus is βGrowth matters, but so does place.β...
01.12.2025 19:58 β π 0 π 0 π¬ 1 π 0Great article on a new book.
01.12.2025 19:58 β π 9 π 3 π¬ 1 π 0A senior academic using mentoring as leverage to obtain sex is a contemptible abuser of power.
17.11.2025 08:07 β π 575 π 129 π¬ 14 π 9Underlying lesson is that sensible economic development policies depends upon targeting distressed places, and coordinating with workforce development and housing policies that will target jobs and allow for needed housing.
10.11.2025 15:12 β π 0 π 0 π¬ 0 π 0At the extremes, targeting highly distressed places & having housing supply accommodate growth can increase benefit-cost ratio > sixfold compared to targeting booming places with restrictive housing supply -- BC ratio is 4.27 in former place vs. 0.66 in latter place.
10.11.2025 15:12 β π 0 π 0 π¬ 1 π 0This figure shows that benefit-cost ratio of an economic development project varies from 1.32 to 2.03 to 2.56, depending upon whether housing price responses in area to population increases are high, median, or low.
If the housing price increase due to population is high, BCt ratio is only 1.32, and BC ratio almost doubles to 2.56 if housing price effect is low. Higher housing price response chokes off job growth, & transfers benefits from workers to property owners.
10.11.2025 15:12 β π 0 π 0 π¬ 1 π 0In addition, project benefits vary with whether housing prices go up relatively little or a lot with population boosts. Higher price responses drive up local costs, which reduces multiplier effects, and skews benefits towards property owners and away from boosting earnings per cap of local workers.
10.11.2025 15:12 β π 0 π 0 π¬ 1 π 0The figure shows that the benefit-cost ratio of a particular economic development project varies from 3.45 to 2.03 to 1.10, depending upon whether the area's employment rate response to new jobs is high, at the national median, or low.
For this project, its benefit-cost ratio in highly distressed place is 3.45, because job creation has larger effects on boosting employment rates. In booming place, BC ratio only 1.10, because new jobs mostly just boost population -- benefits are lower and skewed more towards property.
10.11.2025 15:12 β π 0 π 0 π¬ 1 π 0In the essay, I present some simulations showing that benefit-cost ratio of econ dev projects varies greatly with whether area is distressed (has low baseline employment rate) or the area has better workforce programs to target jobs at non-employed. Benefit-cost ratio can plausibly vary threefold.
10.11.2025 15:12 β π 0 π 0 π¬ 1 π 0Many past development policies, such as bulldozing neighborhoods for Urban Renewal or highways, failed because even if they "worked", mainly aided property owners rather than original residents. If we want broad support for development, it must boost real earnings per cap of original residents.
10.11.2025 15:12 β π 0 π 0 π¬ 1 π 0I have a new essay on place-based economic development policies as "broadly-shared abundance policy" at Site Selection magazine: siteselection.com/incentives-s... Key pt: econ dev policies can boost abundance IF targeted at distressed areas/non-employed, & if local housing policies accommodate.
10.11.2025 15:12 β π 3 π 3 π¬ 1 π 1These findings are policy relevant because RxKids has been expanded to other Michigan cities, including Kalamazoo. And recent state of Michigan budget adds $270 million to further expand program. So issue of what it does for all Michigan residents, not just direct beneficiaries, is important.
30.10.2025 19:41 β π 0 π 0 π¬ 0 π 0Also, although given Flint context, transfer benefits are highly concentrated on lowest income quintile. But the program's benefits are broadly spread by increased spending and increased jobs and employment rates to all income quintiles, and particular bottom 60% of income distribution.
30.10.2025 19:41 β π 0 π 0 π¬ 1 π 0