Don't reason from a change in profit margins.
"are traditions that no one cares about worth preserving?"
Prices for used vehicles are no longer rational.
Alan Cole questions the logic of 95 year copyright protection.
Paul Krugman and David Beckworth on inflation.
The pandemic will leave long term behavioral effects.
Timothy Taylor highlights some points from an online draft of Olivier Blanchard's upcoming book on low interest rates and fiscal policy.
Perhaps the Fed isn't sufficiently worried about the labour force participation trend line.
Some basic elements for 1000 year structures.
"These places can recover." Edward Abbey would be relieved.
The labour shortage is real. And, the Fed is drifting away from what market monetarists had hoped for in terms of accurate NGDP targeting.
The deep state as a tool for redistribution.
Reflections from Adam Tooze on The Mushroom at the End of the World.
Scott Sumner explains his preferences to fiscal policy.
Solving the "duck curve" of renewables. And Noah Smith is optimistic about renewable electricity.
Noah Smith interviews Tyler Cowen.
It was once more difficult to determine whether a car might be a lemon.
Will NGDP stay close to the 4% growth trend that stabilized in 2010?
Why has book reading declined?
Builders are reaching a point where they can no longer pass cost increases on to consumers. My thought: Is it still possible to explain the ways we might reconfigure the nature of housing definition and composition?
The recent increase in goods demand is unprecedented.
"When should international boundary lines change?"
Cutting through the noise of inflation.
How to think about excess savings?
Some recommendations on books about GDP from Fivebooks.
18 charts that illustrate the U.S. economy.
Batch versus flow in production methods.
"Crypto and the politics of money"
So, what is left? "Dreams and kindness are all we have."
"holding AD constant, eliminating shortages with higher prices means reducing output."
In the UK, demand for healthcare has been outstripping resources even prior to COVID.
Housing is too important, for societies to leave its present market framing in such stagnant circumstance. I tried to write another post about housing this month. But after my Blogger format "swallowed" several days of efforts, I fortunately recalled this Works in Progress article which is definitely worth reading.
What is meant when we say something is inflationary? Part one and part two.
We are not experiencing inflation in a conventional macroeconomic sense.
Might a 2024 coup actually happen? Some weaknesses in our election system.
Old style monetarism was marginally successful in 2021.
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