When it comes to high tech giants, how much productivity has been underreported?
"Those who forsake a civil tone may find that later, when they wish to call on others for sober reflection or careful thought, they have done injury to this form of discourse."
Global value chains are likely to change considerably over the next decade.
"2010-20 could show the smallest decade of population growth in U.S. history."
Manufacturing has trended lower for five months.
The average age of startup founders isn't as young as it seems.
There's a big difference between the needs of daily versus occasional transportation.
James Pethokoukis discusses technology with Will Rinehart.
"there have been four waves of debt accumulation over the last fifty years."
Which states benefited most from migration in 2019?
"14% of the top 1% said they had serious problems with health care quality."
When hospitals go bankrupt, "The usual playbook for managing distress doesn't readily apply."
It's one thing to criticize the old free-trade consensus. But how would it be replaced?
The 2010s were a record decade for job creation.
An Independent Institute review of Floored! George Selgin's recent book.
Gregory Mankiw discusses the variance of economic ideas among left and right, with Bill Kristol.
"Eight centuries of global real interest rates" Paul Schmelzing
Quartz also offers some highlights of the paper.
Hero/villain framing is an unfortunate aspect of monetary policy.
"Global debt is rising"
Trade deals have become a lot more complicated.
Low wage automation is occurring at a "much higher rate" outside the largest cities. Plus, it is not being fully offset by gains in work requiring interpersonal tasks.
Five book recommendations on the rule of law.
How can we get an economy in the 2020s which increases the growth trajectory?
An argument for local involvement in environment design.
Regulatory barriers have consequences for housing affordability.
"Her formula would have accurately called every recession since 1970 within two to four months of when it started, with no false positives, which could trigger unnecessary and costly fiscal stimulus."
Inarticulation as a struggle and a challenge.
Why do we penalize jaywalking?
Tim Harford reflects on how economics has changed.
Why have so many of us essentially lost occasions when we could wear really grand clothes in public?
Wealth is all about what you don't spend.
Hopefully, public access to published laws can be restored.
At the very least, some contentious issues are not partisan. However, all is not well in this regard. Scott Sumner also reasons that "As parties become more tribal, they shy away from these non-partisan issues, in fear of alienating members of their own party."
"Anger, after all, is not a desire to fix something but a way of grasping that it is broken."
Miles Kimball highlights Michael Lind's latest book, The New Class War.
Are savers losing patience with negative interest rates?
From Ryan Avent's keynote remarks for a recent Brookings conference.
When some people are put at risk by the complexities of the U.S. healthcare system, the process may permanently alter how they feel about societal responsibility.
Joshua Gans remembers Clay Christensen. also Miles Kimball.
Diane Coyle's Markets, State and People is out this week.
A comparison of four Democratic candidate healthcare plans.
Central banks still have some ammunition to fight a recession. But how much?
Timothy Taylor highlights the inflation puzzle.
Russ Roberts and Daniel Klein discuss honest income.
Even though the frequency of crashes has dropped by 2 to 3 percent since 2015, the cost of crash repairs has risen during that interval by 5 to 6 percent.
How does government subsidized healthcare affect the measure of income?
Samuel Hammond (Niskanen): Three Motivations for "State Capacity Libertarianism"
Thomas Philippon discusses his new book, How America Gave Up on Free Markets, with James Pethokoukis. Plus, some additional thoughts from Pethokoukis re losses in American competitiveness.
Sometimes, the robots can also master what is non routine.
Will healthcare premiums nearly double in the next 40 years?
"We don't trust them, and would never vote for one of them. Why should they trust or vote for one of us?"
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