Liam Rice

Liam Rice

@riamlice.bsky.social

health economics | sports | third thing economics professor in RI. thoughts are my own and not my employer’s (what a funny sentence)

595 followers456 following978 posts

Served as the moderator for the first round of the 2026 Fed Challenge for the Boston region today—nothing makes you more hopeful for the future than seeing a bunch of college students absolutely crush their presentations

brother if you can’t make BioWare make you money, idk what you’re doing

Bloomberg News@bloomberg.com

Electronic Arts said it will lay off staff and shut down BioWare, the long-running development studio behind roleplaying games such as “Dragon Age” and “Mass Effect.” Read more: bloom.bg/4z1GjMr 📷: David Paul Morris/Bloomberg

i’m running a live ultimatum game at our university’s Day of Understanding this week to explore concepts of reciprocity and fairness. hoping it doesn’t fly off the rails like most live economic experiments do lol

Liam Rice reposted

operator: 911, please state the nature of your emergency me: hey. why was liberty biberty beheaded operator: he constructed the forbidden fractal me: i don't know what that means operator: some 300 light-years from earth, there exists what you might describe as a "palace of time." the me: nevermind

to be fair, i’m also teaching at 8am the same day and this night class is an overload because we couldn’t hire an adjunct to teach it, but still. the vibe for a night class is so different, even though they’re all the same undergrads as my day classes

Liam Rice reposted

The US is, or was, the world’s leading scientific power in economics. The Trump administration is inflicting extraordinary damage on what was once an infrastructure of excellence. The open question is how much of that damage will prove permanent.

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Liam Rice reposted

ICE abducted a WBB player while she was traveling with her Kentucky State team in early August at Louisville airport. She has been imprisoned for 1.5 months and denied care for a serious ACL injury. It is the responsibility of universities and the NCAA to protect their players. They have failed.

go, principle of insufficient reason!! someone tell me what the risk-dominant strategy is!

Luke Kawa@ljkawa.bsky.social

JPMorgan’s commodities team: “For the first time since the start of the Iran conflict, we don’t have a baseline view. We simply don’t know how to model the endgame.”

Liam Rice reposted

Replying to @peark.es

Jesus Christ they're giving a Q to the Washington Examiner (about tariffs and whether he'll meet the President). A: I'm not a Wall Street newsletter. We stay in our lane [by stuffing the briefing with right wing outlets].

a student in my intro to macro class last night asked me what’s going to happen in oil markets and i just had to stare him in the eyes and go “idk man, your guess is as good as mine”

imagining a factory manager having to cancel all export shipments and just frustratedly shaking his head muttering “beth hammack…” under his breath

Aaron Rupar@atrupar.com

Trump says he will cut off all trade entirely with "some nations" unless the Fed lowers interest rates

Liam Rice reposted

Last time the Fed hiked before an election? 2022 midterm under Biden. From 1984 to 2024, the Fed adjusted rates (up or down) within 60 days of an election (43%) as often as in any other 60-day period (45%).

Aaron Rupar@atrupar.com

Hassett threatens Warsh: "I'd be wary of a rake hike. The Fed has had hiked rates ahead of an election only a couple times all the way back to 1913. So I think if you want an independent Fed, one thing the Fed does is stay out of the way of elections."

one of the best things is being in the faculty office the morning of the cpi report and suddenly everyone is running over into an office together to geek about it before class

Liam Rice reposted

candidate for the job of chief economist exposed as actually being an economist

Financial Times@financialtimes.com

FT exclusive: The IMF dropped the lead candidate to become its new chief economist at the eleventh hour after he was found to have made critical remarks about the Trump administration’s economic policies, according to people briefed on the process ft.trib.al/8I7TNVM

Liam Rice reposted

Causal inference is the art of considering what you'd need to assume to identify your estimate as causal while slowly shaking your head and whistling through your teeth like the guy who came out to look at your boiler.

Per Engzell@pengzell.bsky.social

Causal inference is the art of knowing exactly why your estimate isn't causal

Liam Rice reposted

Ricardo (law of diminishing returns) always wins.

Gergely Orosz@gergely.pragmaticengineer.com

I have to admit, I have zero excitement about this latest flurry of new model releases I am sure they are all better, but the existing ones were more than good enough, and I'm learning how much to trust those existing ones... and already they do more than I can utilize them (for writing code)

this was such a fun episode tbh, the time flew by listening