Tuesday, November 30, 2021

Wrap Up for November 2021

Did Baby Boomers really ruin it for everyone else?

30 percent of Republicans now believe violence may be warranted.

A different knowledge systems approach is needed for public health labs which sometimes require more education than can realistically be compensated.

How relevant are supply and demand for macro level inflation?

Could deglobalization also prove problematic for inflation?

When it comes to economic growth, governments sometimes imagine they are the ones in control.

Prior to the pandemic, Texas led every state in rural hospital closures.

Some capitalism basics from Miles Kimball.

"Is economics fit for the modern world?"

Algorithms could do a lot of good, but not if bias is built into their design.

The evidence has only grown that the Great Recession caused the housing crisis, not the other way around. "There was never a national housing glut."

Many traffic stops are really about increasing municipal revenue. One might even designate this as a "highway robbery" example of the Baumol effect.

Dementia is a major public policy challenge.

A closer look at supply side bottlenecks in U.S. healthcare.

Private insurance for aging needs is no longer a realistic option on a middle class income.

Medicare and Medicaid are subject to more billing uncertainties than private insurance.

This "inflation problem" is actually a lack of real GDP growth.

Disparities in state level health outcomes have grown in recent decades.

An update on economic conditions from Matthew Klein.

Is the U.S. well positioned for AI adaptation?

Difficulties in hiring are leading to further automation. Robots for "unpopular night shifts" sounds like a particularly good idea.

It doesn't take much for excess demand in manufactured goods to result in bottlenecks.

When it comes to politics, the adults have left the building. Will democracy survive?

The pandemic has left many healthcare workers worried about the future of medicine. Alex Tabarrok also highlights how many have left the profession.

A closer look at international convergence.

An in depth consideration of state capacity.

The China trade shock reached a plateau in 2010.

What construction innovation is actually getting utilized? And, "The assembly line was part of a long series of efforts to streamline the production process, all built on a foundation of interchangeable parts."

Will minerals for the renewable energy transition become accessible in the U.S.?

China's growth trajectory continues slowing down.

Childcare as an apt example of services needs: When the personal time of others is the product we're seeking, "You can't raise wages without raising costs." 

When, and how, is social mobility a positive outcome?

The likelihood of job loss due to automation, is also a factor in radicalization.

Recycling may come early to electric vehicle batteries.

Agriculture as an echo of technological progress in general.

Supply side circumstance aren't as simple as they sometimes appear.

Few people are taking on the role of distilling research.

Matthew Klein explains to David Beckworth why we shouldn't be worried about inflation right now.

Macroeconomics would be less confusing with a nominal spending/real output model.