Do low interest rates impact productivity growth?
Why do people treat countries as if they were anecdotes?
Perhaps the future of transportation is rethinking the places we wish to connect.
Hardly anyone is willing to seriously address the explosion in federal spending.
A major part of today's inequality is actually due to wide variance between companies, and the extent to whether they rely on intangibles. Plus intangible assets are not well suited for debt finance and traditional investment.
It's very unlikely the entire Internet would just stop. But what if it did?
What is given up when deep organizations become more flexible?
"The Global Equilibrium Real Interest Rate: Concepts, Estimates and Challenges"
"Now that the US is no longer the world's undisputed technology leader, US President Donald Trump and his advisers don't want to compete according to a rules-based system. Their goal is to contain China's technological rise." Even if doing so sets back an early 5G rollout in low income countries.
The biggest problem for rural police departments is a lack of qualified officers, especially considering the pay disparity with larger cities.
Alas, and sadly, this was explained to me by members of extended family nearly forty years earlier.
"Decades before environmental organizations and governments encouraged reuse, recycling, and circular economies, the wiping-rag industry had mastered the art."
Tim Harford notes the importance of the weakest link theory.
Success regarding job retraining for mature adults in the U.S. has been mixed.
Gregory Mankiw explains why he is now voting as an independent.
It seems David Graeber has written the most contentious economics article of the year. Both Noah Smith and Scott Sumner respond.
While substitution has its limits, a wealthy country has more economic options, when a diverse range of commodities and goods means that many of them consequently gain luxury status.
When tax forfeiture goes too far.
Workplace certificates might also position college students to more successfully complete their degrees.
David Beckworth and Binyamin Appelbaum discuss The Economists' Hour: False Profits, Free Markets and the Fractured Society.
Pessimism is more of a problem for capitalism, than for socialism.
Has the world gone mad? Cullen Roche provides some clarification.
"...workers with graduate or professional degrees will be almost four times as exposed to AI as workers with just a high school degree."
Their report also breaks down the exposure of different areas of employment to AI.
In what context is money mostly just a medium of exchange?
The natural rate of employment is not a straightforward concept.
Agnes Callard explains that no one is entitled to gratitude, remembrance or appreciation:
Write something worth reading. Put your ideas out there and hope that someone will make something of them. Give with an open hand and stop thinking about the tokens with which you will be repaid. Be happy to be worth stealing from. The future owes you nothing.Completed suicides are rare, which helps explain why they are so vividly remembered by those who try to help.
Gregory Mankiw also suggests it's not a good idea to punish the frugal with additional taxation that the spendthrift is able to avoid.
Arnold Kling notes that new methods of classification are needed for an increasingly intangible economy.
Why are mandatory eye exams necessary?
Perhaps decades will pass before AI can really transform the economy.
Might MMT reasoning become an inevitable budgetary result? A CNBC article highlights a recent paper from the Federal Reserve of St. Louis, re national debt.