Thursday, September 30, 2021

Wrap Up for September 2021

"Economists should be wary of ideas that cut supply."

"In a heatwave, lively streets save lives."

Do inequalities in income negatively impact the natural interest rate?

Medicare warnings have been (consecutively) issued for four years already.

Economic asymmetries have become more dominant in the last twenty years.

Growth can also mean finding "more efficient ways to use the stuff we have".

How many unfilled employment positions might actually be due to lousy software?

Conservatism is changing.

Financial crisis and the radicalized voter.

Is there rationale for being an inflation "crank"?

Scott Sumner highlights some useful posts from Trevor Chow

"Will Employers Cast a Wider Net?"

Why has innovation been so slow?

"people who expect to earn the most are less likely to sign up for ISAs."

Births never rebounded after the Great Recession.

Market monetarism is more monetarist than Keynesian.

Despite the shift in economic approach, structural remedies - for services in particular - still are not on the horizon.

George Selgin reviews Scott Sumner's latest book.

Democrats hope to increase Medicare's benefits even as it runs out of money. Wait, what?

More housing would be a single solution for multiple problems.

Matt Klein takes a closer look at recent inflation concerns.

Will state control reverse extensive societal gains? Alas, sometimes it feels that way.

Carbon footprints as a personal journey.

The more expensive the location, the more likely its inhabitants will reduce routine activities. This study is another way to think about the effect as well.

Young men are in trouble. Yet women have problems too. Why not help both.

The paper also suggests societies are no longer susceptible to this barbarianism model. If only that were true! Yet democracies could still be successful if they remain committed to economic growth and continued prosperity.

Inflation is not caused by changes in relative prices.

Why not build new versions of prosperous community which don't require government funding?

The Niskanen Center takes a closer look at the "cost disease".

A 2020 census map of American diversity.

Evergrande as the beginning of a debt cycle shift.

Is cell-cultured meat economically viable?

"Peak car" has already arrived. Perhaps the nature of the automotive chip shortage is part of the problem.

Given the institutional uncertainties of today's time centered services, paying to be insured for long term care might not be such a good idea after all. 

As it turns out, purposeful supply side limits in healthcare were a contrary example of the non rivalry of knowledge detailed by Paul Romer. 

When is monetary policy neutral? When is this not the case?

Deep-learning researchers are approaching the frontier of what today's tools can readily accomplish.

"The failure to industrialize construction makes us all poorer."

Noah Smith is also concerned about lack of productivity in construction.

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