Sunday, October 31, 2021

Wrap Up for October 2021

U.S tariff rates are now insanely high.

Our working lives in time based services are being reconsidered.

A look at the productivity slowdown which took place in the seventies.

Too much of China's power needs are still being met by coal.

Peter Boettke on efforts to "repair a broken world".

"Increasing the national debt is not popular."

Staying open while still controlling Covid, has been a delicate balance.

Is drama over the debt ceiling more than "just theater" this time?

We are far more polarized than we were in the past.

Even though meritocracy is problematic in multiple respects, it is still better than the alternative.

Some reasons for deficit worries are more reasonable than others.

"Do Not Blame Trade for the Decline in Manufacturing Jobs."

Sketching out a theory of construction productivity.

Durable goods as a more reliable source of recession recovery.

"A Nobel Prize for the Credibility Revolution." And, "David Card on the return to schooling" Timothy Taylor also discusses causality.

The goals of fiscal policy aren't as easy to pin down as the goals of monetary policy.

Scott Sumner discusses his new book with David Beckworth.

There's plenty of reasons it's not really working to tax the rich. Plus a related discussion re opportunity zones as tax havens.

How high will house prices go in 2022?

Efforts to reduce overfishing in the U.S. have proven successful.

Everywhere you look there are bottlenecks. But goods have rebounded more than services.

Stagflation? We're not even close to what the seventies were like.

If the nation defaults on debt payments, what are the consequence? How to respond?

When it comes to supply chains for electric vehicles, there's plenty of work to be done.

Jason Furman considers why recent productivity is higher in the U.S.

"A Critique of Interest Rate-Oriented Monetary Economics" Also, "The Princeton School and the Zero Lower Bound"

Ryan Avent suggests a "Commonwealth of the Americas".

What does meaningful work consist of?

Taking proactive steps for climate change.

Hopefully the Fed will not overreact to higher inflation.

States benefited in the 1850s when they slaughtered special interests.

Community ownership has reduced deforestation.

Without fiscal assistance, the economic effects of the pandemic could have been worse than the Great Depression.

Which will prevail, robots or full employment? 

Are sugar subsidies here to stay?

States are waking up to the fact non-compete agreements create unnecessary burdens.

Services are evolving. But how will they contribute to productivity gains?

The labour market has changed in unexpected ways.

"The Rise of Pass-Throughs and the Decline of the Labor Share" When it comes to tax avoidance, plenty of undeclared high skill self employment hours remain hidden.

Diane Coyle reviews Radical Uncertainty.

Extreme political polarization makes the U.S. an unreliable geopolitical partner.

Lessons learned from the Great Recession helped the Fed respond to the pandemic. Also, a closer look at recent progress.

Unique circumstances led to the creation of GDP as an economic measure.

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