Monday, May 30, 2022

Wrap Up for May 2022

Most housing markets are presently overvalued.

A lot of voters really aren't that happy with the culture wars.

Douglas Irwin reflects on global integration in the 1980s and 1990s.

Adam Tooze considers "China's growth prospects". But Noah Smith isn't as optimistic.

Are economists too nonchalant about the last quarter?

Central bankers have faced plenty of political pressure in recent years.

Britain is likely safe from a Roe vs Wade moment.

"Government Debt and Capital Accumulation in an Era of Low Interest Rates"

Why did the Fed fall behind in controlling inflation?

Peter Ireland suggests a multi-year target path for NGDP.

Recent wars on abortion are uncomfortably similar to the "War on Drugs".

Fortunately, some universities are determined to remain affordable.

Reflections from Matthew Klein on his recent review of Disorder by Helen Thompson.

Locals are cleaning up and rebuilding their cities, even as the war continues.

Business entry and exit during the pandemic.

The African "youth quake" needs to be taken seriously as a part of the economic whole.

It turns out that "regular old fiat money" is best suited for routine purchases after all.

At the very least, perhaps peak inflation has occurred.

Slowly but surely the housing shortage is being addressed.

"one in three American adults now believes in a version of replacement theory."

India is beginning to establish open prisons based on trust.

Thomas Sargent recounts "Learning from Lucas".

"is the way we are getting richer making our lives better?" In other words, could economic growth be linked to obvious improvements in the way we live? While there's a wide range of views in this regard, particularly re preferences for public/private provision, it's a conversation worth having.

Miles Kimball gets serious about how affordable housing could happen.

Backlogged ports were one contributor to confusing GDP statistics for Q4 2021 and Q1 2022.

The Fed response to economic conditions in 2022, will need to be more strategic than was the case in 2021.

Some recent evidence for monetary tightening.

What do student loan obligations in the U.S. actually consist of?

Racism impedes progress. It reduces what all of us might otherwise achieve as a society.

The idea of primitive communism has plenty of contradictory evidence. "Selective sharing is powerful."

Why did the Fed fall behind the curve? Scott Sumner provides additional explanation re Fed losses.

Russ Roberts and Diane Coyle discuss her recent book, Cogs and Monsters.

This year, a different kind of Davos.

Intangible capital is losing momentum. What can be done?

Rivers are finally flowing freely.

Millennials could be the unluckiest generation.

"a tale of two job markets."

Some "unwritten rules" for homelessness.

Will high labour wire harnesses "hasten the downfall of combustion cars"?