Wrap Up for June 2023

Service sector companies are less likely to use tax cuts in ways that promote growth and investment capacity.

Can China transition from its local real estate patterns to more closely resemble developed countries?

Brian Potter highlights the "golden age of the power industry" (Part II).

Would a recovery of real wages pose problems for needed reductions in inflation?

Modern schooling was built to foster national identities, democratic civic engagement and economic development, rather than local community engagement and support.

Banking has adapted since the Silicon Valley Bank's demise.

Farmers are starting to return to the integration of forest and pastureland.

"You can't tell how much someone earns simply by looking at their home address."

Expectations play a more important role in inflation today, than was once the case.

The U.S. budget deficit has reached a point it is starting to reduce living standards.

The current mediocre GDP growth with its unusual component of labour scarcity, might be a result of two current trends: secondary market services sector dominance, in a historical moment when relatively more services sector labour is required due to a growing wave of retiring baby boomers. Which could also explain why some now expect a full-employment recession.

Oil producers are learning to avoid the boom and bust patterns of yesteryear.

The UK has recently faced declining living standards.

A 2023 map for economic freedom. Also, countries with good options for lithium production.

Homeschooling is becoming more diverse in the United States.

The productivity slowdown in Europe is different from what has transpired in the U.S. Also, part 2.

The constituency for smaller budget deficits is small indeed.

Inflation also involves grief processes which must be dealt with.

J.W. Mason responds to a paper by Daniela Gabor re industrial policy.

More on the electric power grid (part III). Part IV. And, grid reliability has been less of a problem in other countries.

Supply chains in the U.S. are starting to heal.

"Market" or "government" labels tend to be imprecise when it comes to actually getting things done.

Income inequality has increased within occupations.

Why does dollar strengthening cause problems for the global economy?

Consumer demand is causing inflation to rise, not corporate profits.

"Real manufacturing construction spending has doubled since the end of 2021."

How might weight gains compare to price gains?

The economy seems to be doing fine. So why aren't people "feeling" it? Plus, Canada has a strong immigration strategy. Now it just needs to build more housing.

The urban wage premium has declined.