Thursday, August 31, 2023

Wrap Up for August 2023

Daron Acemoglu discusses Power and Progress with Russ Roberts.

California farmers are thinking differently re harnessing flood waters for aquifer management.

What makes level targeting better than growth rate targeting?

Part of the inspiration for Nikola Tesla's lifelong work with electricity, came from his pet cat.

Recommendations for five books on fiscal policy.

Doctors are dealing with moral distress.

What happened to small dollar mortgages?

Which states have the most job openings for workers?

Brink Lindsey argues for economic independence.

The actual Phillips curve relationship was between wage inflation and unemployment, not price inflation and unemployment.

Chances are the Fitch downgrade was overdue.

For central bankers, the low R star view of the world prevailed for too long.

In recent years, a flight of taxable income from large urban areas.

AI is proving effective for antibody treatments.

The real risk identified by Fitch, stems from politics. And Greg Ip explains why he thinks the downgrade shouldn't be ignored.

Once you add money to a barter economy, inflation is possible.

There are ways to make better use of the electrical grid we already have.

Unemployment is associated with inflation but it is not a causal factor.

Why were slaves treated more harshly in richer societies?

China: "Authoritarian impasse" or "structural dead end"?

For healthcare, electronic payments turned out to be a ruse.

How strong is lock-in from low rate mortgages, really?

Chronic absenteeism in U.S. public schools has nearly doubled recently.

Banks no longer expand lending in response to base money increases.

When gross output is taken into consideration, consumption assumes a more rational one third approximate for total economic activity.

What if the recent assessment regarding China's slowdown is wrong?

Bill McBride notes the evidence for a rising natural rate of interest.

It's Martin Wolf's musings in the introduction that make this five books recommendation worthwhile.

Liberty Street Economics looks at possibilities for the natural rate of interest in the near future.

How useful is central bank balance sheet expansion, really?

Some musings from Kevin Erdmann on Jackson Hole.

"Did the U.S. Really Grow Out of Its World War II Debt?"

Fixed rate mortgages have created quite a conundrum for U.S. central bankers. Meanwhile, inflation in the U.K. still has its own problems.

Some recent economic trends are unfortunate.

Jeanna Smialek sums up the latest Jackson Hole meeting. Here's the Arslanalp/Eichengreen report on higher public debt.  Axios touches on their paper and Timothy Taylor highlights it alongside other examples.

The stress of coping too much.

A thought provoking discussion on cancer screening.

There are growing labour shortages in what are vital disciplines.

How can home prices still be going up?

There's an upsurge in business formation.

Christine Lagarde at Jackson Hole: "Policymaking in an age of shifts and breaks"

From the Richmond Fed: "The Pandemic's Effects on Children's Education"

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