"Booms and busts affect low-wage workers the most."
Data finally show when people move from unemployment to self employment.
The placebo effect is apparently stronger in the U.S. than in other nations.
Despite recent appearances, migration remains historically low. "For three years running, the national migration rate has stood below 10%.
Net worth has soared in relation to actual economic growth.
China's lack of water could prove an unfortunate game changer for its manufacturing capacity.
China "doubles down" on its property sector.
Early on, healthcare was still responsive to deindustrialization. "In historical perspective, the process appears in close parallel to mass incarceration."
A book review of Grand Transitions by Vaclav Smil.
Are there ways to increase the cost of Nimbyism?
Low paid healthcare workers are in especially short supply now. And, why are physicians faced with such struggles?
The Biden administration is inexplicably raising the cost of building homes (NPR).
Alas, there's not much Christmas spirit in Washington this year.
"Drug lords would be horrified if we ended the drug war."
If only more communities had a monthly ritual like this.
There's an app that lets you lend your eyes to a blind person.
Noah Smith returns to techno-optimism.
The first year of the Great Depression was "100% tight money".
China doesn't really have a safe route forward.
There is increasing pressure on the Fed to take up what are populist goals.
What happens when everyone demands employment that's solely high skill human capital?
What makes a quarter point so important?
The new Medicare model keeps up to 40% of revenues for its own profit.
Another area of life which could benefit from time arbitrage: the lost art of listening to others.
The "Great Resignation" has been more of a Big Switch than a Big Quit.
Timothy Lee explains the "expectations channel" in easy to understand terms.
Inflation affects high income versus low income populations somewhat differently.
Democratic rights gains over time: First, the good news. However, democracy in the U.S. can no longer be taken for granted in the near future. Plus, a negative international trend towards lost freedoms, began in 2006.
When oil prices rise, the resulting inflation is only temporary.
A crisis of capitalism? On the contrary, its production methods remain both dominant and stable.
Not all flood proofing infrastructure has to be government planned. Also, creating drinkable water from the atmosphere.
Scott Sumner highlights some immigration issues.
Climate change responses include their own opportunity costs.
What made this recent supply chain problem so different?
An introduction to economic complexity.
What happens when producers simply "demand" their own goods?
David Andolfatto interviews David Beckworth in this end of year podcast.
There's not really a truck driver shortage, after all.
However, there is definitely a car shortage. And dealership expectations amplified the problem.
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