What’s the matter with India? I argue it’s the courts. They leaves firms unable to conduct business, and make the country as much as 10% poorer.

nicholasdecker.substack.com/p/whats-the-...

Banger

The very best inventors are sensitive to top tax rates, especially the foreign born. An elasticity of 1 means that a 1% increase in tax rates leads to a 1% decrease in foreign born inventors! Paper below, blog post Tuesday (I’m back to writing >1 per day lol)

t.co/gNXRknmt4y

Between 1995 and 2001, 35 million workers were laid off from state-owned enterprises in China. They were pushed into creating their own companies, leading to an increase in the number, size, and quality of entrepreneurs. t.co/cPSoNwDTQc

Nature is healing 🥹🥹

Today I make the case that you should, if at all possible, have someone better than you be the biological parent of your kids. Read it here: nicholasdecker.substack.com/p/why-your-c...

This is the best blog post I’ve ever written. It is not possible to infer where the gains from education are coming from, given our tests. Signalling vs human capital questions are, at the moment, empirically unresolvable. nicholasdecker.substack.com/p/the-return...

The rollout of the internet substantially reduced unemployment. To learn all about equilibrium unemployment, read my latest blog post! nicholasdecker.substack.com/p/why-does-u...

Truly the Ron Swanson of websites

Berkshire Hathaway’s website is *iconic*, btw
www.berkshirehathaway.com

Firm size stays the same as productivity increases. This implies that entry costs must rise with productivity, and we should expect a bit less from productivity enhancing policies, especially if no. of products connected to no. of firms.
www.nber.org/system/files...

Should the FTC break up Meta? A key fact in estimating effects is the acquisition premium, or the difference between first and second highest bids. I estimate that Facebook buying Insta and Whatsapp was not anti-competitive. You can read more on my blog!

nicholasdecker.substack.com/p/should-the...