Friday, March 31, 2017

Wrap Up for March 2017

With self driving vehicles on the way - even as twenty percent of males in the U.S. currently make a living driving vehicles - perhaps the coming automation deserves a more proactive approach.

On the impact of India's demonetization.

Three maps that show how U.S. metros are doing.

Healthcare groups were opposed as well.

James Alexander: Productivity is both obvious and a mystery.

Income, versus the superstar firm.

Mark Buchanan highlights the equilibrium coordination problem, which contains a degree of complexity the late Kenneth Arrow took into account. I also appreciate the "Out of Equilibrium" picture in this Bloomberg article. Occasionally I have that "out of equilibrium" sensation, while taking walks in an area where most people use motorized vehicles.

Marcus Nunes explains that too many still subscribe to the unemployment-inflation nexus.

"Going upstream" to better address the causes of poor health.

Why did the Fed start paying IOR?

From David Beckworth: Monetary Policy Analysis is Hard: Inflation Edition

Ricardo Hausmann reminds us how the use of knowledge does not disperse as readily as other aspects of wealth.

Timothy Taylor takes a look at the value of household production.

"The proportion of respondents who applied and were granted credit over the last 12 months continued to decline..."

A lack of self employment is likely associated with the decline in labour market mobility.

"...global authoritarianism is probably poisoning our political climate more than many people recognize."

Is "purple America" a thing of the past?

Complex systems could benefit from a new mathematics.

Another reminder, how valuable the Institute for Justice has been.

Scott Sumner started some conversations with "My Vision of Macro"

The automation challenge is only beginning.

The dangerous obsession of inflation.

Metrocosm nicely illustrates a history of U.S. government spending, revenue and debt.

The CBO report for The 2017 Long-Term Budget Outlook

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