Adam Tooze and David Beckworth discuss the broader implications of global dollar dominance.
Bonnie Kristian suggests we live more of life outdoors. "The comparison to consider is not outside vs. inside but outside with approximate normalcy vs. inside with endless contortions in pursuit of safety."
The magnitude of sponsorship bias is statistically significant.
Dierdre McClosky: The intoxication of power, and the other f-word. Who still values "human liberty and human flourishing"? Or are we instead forever doomed to fight it out in the streets, over competing visions what humanity "should" be?
How might the additions of pandemic debt affect healthcare provision in the near future?
"The Budget and Economic Outlook: 2020 to 2030"
A time of cognitive dissonance.
Perhaps this isn't a good time for economic predictions.
Will Big Tech decentralize across the continent?
One reason long term debt can eventually become unsustainable, is due to how it reduces a nation's fiscal options.
Hierarchical rank as a strong determinant of income.
Musings on permanent assumptions in a quickly changing world.
"Throughout history, humanity's energy use has moved towards more concentrated, convenient, and flexible forms of energy."
What might it mean to "abolish" the police?
The Royal Society of Arts viewed its role as one of "filling in the gaps", for the dispersal of applied knowledge. They wanted to supplement what already existed, rather than attempt to supplant it.
"...the current design of the US treasury market is not adequate for handling surges in trade demands on stress periods like this."
Can longer-run economic growth continue to match the pre-COVID pace? "...in the past three months, the expansion of the Fed's balance sheet matches the entire increase from 2008 to 2013."
In January, it was expected that "projected federal debt would exceed 100 percent of GDP in 2031...In a preliminary revision of its budget projections, released in April, CBO estimated federal debt would reach 100 percent of GDP this year and 108 percent in 2021."
More resources for transportation infrastructure?
When taxpayers are essentially asked to bail out businesses in a time of pandemic, should they be allotted a portion of the wealth afterward?
Unfortunately, in many smaller communities, prisons have become a public jobs program.
"Sins of Omission and the Practice of Economics"
What made the second long expansion different from the first?
David Andolfatto explains why a standing repo facility could be beneficial for the Fed.
Why have banks been so slow to raise interest rates on savings accounts?
How long can Medicare stay solvent? Due to COVID the fund could face serious difficulties by 2023. Thus far, reductions in Medicare spending have been more politically palatable, than raising the Medicare payroll tax rate.
Monetary policy is not one dimensional.
Are Americans still future oriented?
Human capital is one aspect of GDP in need of greater clarification.
Greg Mankiw notes how the Council of Economic Advisors role has changed.
The results of MMT policies can linger for a long time.
Physician Vivian Lee discusses her book, The Long Fix with Russ Roberts.
"...central bank seigniorage in both the U.S. and other developed countries is a very small part of overall government revenues."
How might COVID-19 affect economic behavior long term?
Transitioning in healthcare is only getting started.
Without a level NGDP target, negative supply side fears could easily become a self fulfilling prophecy.
Urbanism could look quite different after the pandemic.
Will the Fed repeat the errors of 2008?
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