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Cake day: June 29th, 2023

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  • Guessing it is common for the state department to send a representative. Perhaps the Secretary of State since it’s an important neighbour. Since it’s campaign time, you could see others going if they believe it helps their reelection bid somehow ( though I don’t know how), but it would not be unusual if only the US ambassador to Mexico is present. I don’t know of any foreign politician that attend the US presidential inauguration.










  • When you study economics you literally spend 0 hours learning how to predict macroeconomic outcomes such as inflation/gdp growth. The reason is that these systems are too complex to predict well, except in the very short run. Yet policymakers continue to ask economists to make long-run predictions, and many continue to comply.

    I personally was asked to be a member of an expert committee for my country’s central bank. For any prediction my truthful answer was: I don’t know, so they kicked me out.