Wednesday, January 31, 2018

Wrap Up for January 2018

Continuous connections for knowledge preservation over time, have been far more fragmented than they sometimes appear. Katja Grace provides a good summary "Why everything might have taken so long."

Today's low inflation is not likely to be a symptom of temporary supply side shocks.

Have we reached "peak pharma"?

Robert L. Hetzel, from The Federal Reserve Bank of Richmond

Arnold Kling considers intangible value, in a review of the book "Capitalism Without Capital".

Among the benefits of modular housing, is its ability to expand as owners get "back on their feet"

Healthcare: The U.S. ranks last in access and outcomes.

Hopefully we will soon be able to move to a corridor system.
J.P. Koning explains some rationale for a floor system.

Raj Chetty offers an introductory course in big data

Services as the new steel

Global debt growth since the Great Recession

Some success stories have little to teach us. Don't just focus on the survivors.

James Galbraith isn't impressed with "recovery" since the Great Recession.

Loneliness is also an important reason, why I continue to promote a marketplace for time value.

"Older workers account for all net job growth since 2000."

Healthcare systems will start making their own drugs.

"U.S. debt is driven by health care spending."

Something to consider in marketplaces for time value:
"Collaboration rates overall were high - and highest when the participants were operating in clusters and had the ability to drop a partner in favor of another."
Also, "Cooperation, Clustering, and Assortative Mixing in Dynamic Networks"

How many cognitive tasks do we really want to eliminate?

Josh Hendrickson notes the contributions of Allan Meltzer in a recent post.

"People are more hostile to others in the abstract than when they meet them in person."

"We are going to adapt." (the uncertainty of peak demand)

Tejvan Pettinger defines neoliberalism

Declining economic mobility is a problem for both individuals and regions

"She was confirmed as the first female Fed chair in American history with the lowest-ever support in the Senate."

"The pool of work-ready welfare recipients is small"
Many who receive Medicaid (or Medicare, depending on previous income), partially compensate for ongoing healthcare costs by living in less costly areas. However these areas tend to include relatively longer distances to work access. Out of pocket healthcare costs, especially for those with chronic conditions, often get in the way of discretionary spending that otherwise could keep a car in good repair. Yet another reason I've focused on walkable communities for those willing to consider mutual self employment.

"...policymakers should be trying to understand why many economies (including the overall world economy) have never recovered, remaining depressed."

Hopefully in the near future, we will still be able to stand on the shoulders of giants.

At the very least this is what might be gained from some recent healthcare mergers...

Timothy Taylor highlights research re declining regional convergence

One chart "sums it up"!

"The north magnetic pole is on the run"

"History gives us some reason to hope that creative women and men will, over time, develop fruitful experiments and build new institutions that lead to a reblossoming of excellent higher education worthy of the name, and help revitalize culture and political life."

This house adapts to the fact hurricanes always spin in the same direction

Might AI become a cold war weapon?

the importance of soft skills

Eberstadt summarizes by noting that bringing men back into workplaces will require "action on many different fronts", although he's not ready to write a "how-to manual". In his defense, many successful authors over the years have passed on doing so. Clearly, "how-to manuals" could shed light on potential societal responses. The problem? Writing in this manner is different from simple observation, with the latter's obligatory policy tweaking around the edges in a book's last chapter. Many suggestions are likely to be shot down by one's peers, even if one is in a position to offer such advice. Hence some experts continue to hope that other experts will take the necessary risk on their behalf.

John Cochrane muses on China's nine hour railway station.

This is already shaping up to be an interesting year for disruption in organizational patterns for healthcare Even though none of these developments is any guarantee of lower costs or a broader marketplace, everyone has grown weary beyond belief, of the ways that special interests and Washington have approached healthcare in recent decades. One of the big questions re this latest effort, is the extent that beneficial knowledge spillovers could ultimately be diminished by operating costs. Nevetheless, some are already imagining the possibilities...

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