Blockchain has been around longer than many of us realized.
Gauti Eggertsson weighs in on the disagreement between Joseph Stiglitz and Larry Summers re secular stagnation.
"The use of healthcare varies widely across the United States."
Meritocracy need not be a "one size fits all" economic choice. "The Limits of Meritocracy"
How might AI affect growth?
It seems that identities have only grown, since Paul Graham wrote "Keep your identity small."
"About 50% of major roads don't pay for themselves."
"...goods producing industries have been surging while service industries have seen their seasonally adjusted employment growth slow since 2016."
There's a stability problem for "stable coins".
"Our analysis of state-level data suggests that about half or more of the decline in prime-age participation since the year 2000 is attributable to the disappearance of manual labor positions in manufacturing and other industries - a key feature of labor market polarization."
The Fed could keep things a lot more simple.
"The return to great-power rivalry was inevitable"
Does present day capitalism somehow reduce our freedom?
One commenter responds, "Don't make it about capitalism - support free markets, in everything, including ideas."
The Phillips Curve relationship is still a problem for the Fed.
St. Louis Fed: "The white working class has declined both in size and relative well-being."
Even with codetermination, Germany's record for wage growth has been similar to that of the U.S.
What happens when ideas become more difficult to find?
People are being "remarkably patient and polite", considering how quickly the safety nets are disappearing.
Will nurse practitioners be able to help fill the void left by lack of primary care physicians? However, patients in rural areas are often in need of nearby specialists, not to mention the option of dealing with more aspects of serious illness closer to home.
Perhaps given the fact that most cities continue to rely on auto transportation for logistical planning, the recent drop in auto ownership could suggest a drop in the population levels which find this form of transportation to be a reasonable financial option. Trump's recent trade moves in this regard won't help either.
Given how many rules and laws affect the structure of our non tradable sector design, perhaps "innovation zones" would be an appropriate name for the places in which such laws can be temporarily suspended for experimentation in these areas. Indeed, a right to innovate can be a complex thing.
Was factory work a commitment device to get everyone to work hard?
The first installment of a five part series on healthcare, plus a divisions of labour approach for surgery which I had no idea was taking place. Adam Smith would have been proud.
Both Democrats and Republicans are on board with ever growing levels of deficit spending.
"Because the people who choose to live here all all self selecting members of the same community with common sensibilities the tent city is remarkably safe, clean, and well maintained. People come to Ocean Grove intentionally to be together. That's the whole point of the town."
India is preparing to launch Modicare.
Zombie companies: "..14 % of the companies in the S & P 1500 don't have enough earnings before interest and taxes to cover interest expenses. That's above the world average of 10%."
Why is there suddenly less cash in circulation in the UK?
Ray Dalio's "A Template for Understanding Big Debt Crisis"
"As sensible as the measurement hypothesis might sound on its face, when you add up everything, it just doesn't pass the stricter test you would want it to survive."
Bernanke continues to emphasize the "credit" view.
"a new study reveals that higher stem wages do not depend on what you know, but rather on when you know it." "Stem Careers and Technological Change"
"There is an especially large risk of recession when an excessively expansionary monetary policy coincides with a peak in the real side of the economy."
Alberto Mingardi reviews "The Virtue of Nationalism" by Yoram Hazony, for the Cato Journal.
"...we've been on an unsustainable fiscal path for a long time."
Firms already have the considerable responsibility of satisfying customers, and paying workers and suppliers. Plus, each aspect of corporate responsibility is unique in its particular focus.
"Democracy Does Cause Growth"
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