Wednesday, May 31, 2023

Wrap Up for May 2023

ChatGPT was actually more accurate and empathetic than the doctors.

I was interested in the sixth chapter of this eBook as it explores issues surrounding rural healthcare markets.

It's not yet clear how AI can benefit healthcare at a basic level.

A debate on the $250,000 deposit insurance ceiling.

Imagine if rural communities in the U.S. had viable non formal learning centers such as this. Instead, taxpayers are still expected to support local educational institutions which - although they hold value, don't emphasize practical survival methods or local social connections.

What makes industrial policy today different from the past?

"Are banks inherently fragile?"

Immigration has proved a lifesaver for rural citizens who otherwise struggle to access local physicians.

"Austerity" doesn't have to be a dirty word this time.

Recession? The most important monthly indicators remain strong.

Rising interest rates are still being confused with monetary tightening.

What work is most exposed to ChatGPT?

There are still risks in the banking system.

Brink Lindsay begins to explore definite positive actions.

Two factors particularly account for the possibility of long term inflation.

The economics profession has a class problem.

Debt default would erode dollar dominance.

Diane Coyle reviews Seven Crashes by Harold James.

Encouraging "doing business" is not the same thing as economic reform.

Has progress slowed, or does it just manifest differently now?

Brink Lindsey considers ways that life could ultimately be made more affordable.

Robert Lucas: His greatest strength was asking good questions, which in turn motivated people to find solutions. Timothy Taylor highlights some of his thoughts on economic growth. In particular, he made people think about general equilibrium differently. Plus, Thomas Sargent highlights recollections of time spent with Lucas.

The productivity potential of AI.

A larger framing for fiscal burdens.

Jeanna Smialek has written a new book on the recent evolution of the Federal Reserve.

There's a resurgence in manufacturing across the U.S.

Martin Wolf recommends five books on the world economy.

What if no debt ceiling crisis actually exists?

Might low inflation return? It's certainly a possibility.

What may transpire this time instead of a recession.

Decoupling is inevitable. What will be changed? Also, an interview with Dan Wang.

David Beckworth highlights a paper re 400 years of central bank balances.

Dan McDowell details the international backlash against the dollar in a new book.

There's a 1949 electrical transmission grid map in this Construction Physics post. What especially stood out to me was an area in East Texas which didn't yet have lines. Many relatives from both sides of my family were - at the time - living here.

"Furman and Bernanke on NGDP as an indicator."

The geography of remote work is still evolving.

If globalization is "dead", what happens to productivity?

Michael Strain on the debt ceiling debacle.

How effective is current macro data for real GDP and productivity measurement?

Markets as knowledge ecosystems.

Women hold many of the jobs which could be affected by AI.

Full-reserve banking is not a good option to address banking failures.

R** and financial stability.

Kevin Erdmann highlights his recent papers.

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