Wrap Up for October 2022

Three takeaways from the UK market meltdown.

Some observations on David Ricardo's letters.

Fiscal dominance, or financial dominance?

Considering the downsides of divisions of labour.

An explanation how QE communication broke down at the BoE.

Tim Harford explains what we keep getting wrong about inflation.

Roger Farmer reflects on the life of Axel Leijonhufvud.

How can the U.S. economy be worse and better at the same time?

NGDP would be a simpler way to do monetary policy.

When it comes to cutting the costs of expensive skill sets, some cutbacks are more dangerous than others.

This year's Nobel explains why banks exist in their present form.

Edible cities are planting fruit trees and vegetable gardens in their public places.

What if the Fed hasn't even tightened yet?

Scott Sumner reflects on Slouching Towards Utopia.

Ordinary workers hold little importance in the health and progress of today's economy.

Michael Mandel discusses productivity (and more) with James Pethokoukis.

The Fed's battle with inflation is far from over.

Where Britain led the U.S. is likely to follow.

Michael Spence notes a changing global equilibrium.

"We can't afford the state we want and voters don't want the alternative."

Some takeaways from the September CPI report.

Perhaps the Fed's FAIT framework could be salvaged.

Greg Mankiw thinks the fed might be overdoing monetary tightening.

"Classical liberalism vs. the New Right"

Many medications were reclassified as OTC because of the wealth of information consumers now have at their fingertips.

American debt-ceiling standoffs may become more risky now.

Wages have risen at the bottom in the last decade.

Some economics history book ideas for the holidays.

Noah Smith feels that a "critical point has been reached." And, Chris Blattman is worried about the chances of WWIII with China.

The global natural interest rate may have fallen from 1.9 percentage points between 1985 and 2015. Plus, it's the least tangible capital that tend to the lowest productivity levels.

Hospital policies should also "do no harm".

In some respects political violence is all too familiar.