Sunday, June 30, 2024

Wrap Up for June 2024

Does Henry George's argument to tax only land, still hold relevance today?

Robin Brooks notes price resets and disinflation in the U.S.

There's a difference between reported disasters and the true number of disaster events. Some impacts remain difficult to quantify as well.

Some historical context for U.S. border crossings.

It takes more than being a tourist to get to know a country.

Perhaps it shouldn't be surprising that interest rate targeting can lead to a "lack of confidence".

When naming something becomes a form of propaganda. I highlighted this article because of the long term budgetary problems which derive in part from not for profits - not just at local but also state and national levels. Still, the article seems to have its own identity issues! It's misleading to attribute misspent money problems to progressive or even libertarian tendencies, as if conservative leadership is somehow immune from the process. Even now, conservatives take advantage of similar strategies to divert taxpayer funding away from public schools for both profit and not for profit educational alternatives. 

The latest example of a commitment device.

If jobs and income reduce property crimes, why don't they reduce violent crimes?

Some political possibilities of an abundance agenda.

Are there more sustainable models for desirable retail?

International trade is becoming increasingly geopolitical.

Some zombie companies are struggling as they wait for lower interest rates.

Advance market commitments as a market shaping tool.

Political unrest here, is just one more thing Canada needs to be concerned about.

Who really has societal permission to write? How has this changed?

How is federal debt currently held by the public?

In 2023, France had the most tourists.

Lower income levels bear the most burden from tariffs, which makes them regressive.

How important is a political perspective for positive structural change? What's striking to me about this article is the author's belief that important ideas can be successfully associated with political beliefs. Given the political polarization of the present, I believe it's best to separate many ideas from political activities, particularly when it comes to rebuilding viable markets in rural areas. For one, despite temptations to rely on political alignments in such efforts, only consider the damage later on, when productive economic strategies are abandoned primarily because they are aligned with the "wrong" political party.

Where are immigrants especially needed in the U.S.?

A human chain made this bookstore moving job easy!

Medicaid expansion has resulted in more positive mental outcomes, than positive physical outcomes.

Don't ignore the signals that are being sent by NGDP.

Not sure if this is an optimal use of taxpayer dollars. Plus, a billionaire's model?

Like Ben Southwood, I believe economic interventions could help with the fertility problem.

U.S. health spending may resume its upward trajectory in the coming years, but it's difficult to determine exactly why.

From the department of "oh well!" Price transparency didn't lower costs as hoped.

Demographics in China shouldn't pose problems until at least mid-century.

Teen mental health has declined more in English speaking countries.

Lars Christensen talks with David Beckworth about the impact of AI on monetary policy and economics in general.

The Boston Fed notes how housing still poses problems for inflation levels. Axios provides further clarification.

The welfare effects of demand and supply side inflation aren't the same at all. And I agree that NGDP targeting should not be that difficult for much of the public to understand.

Five book recommendations for GDP.

Some debt math calculations for Trump and Biden.

Linking homeschooling to abuse was a mistake.

How much does ideology actually explain about political differences?

State income differences in the U.S.

Online information has made used car buying less risky than was once the case.

There's not many new macro ideas that are "being explained in non-technical papers for the layman".

Even if politicians appear mostly unconcerned about the budget deficit, the average consumer isn't so sanguine.

Societies without markets sometimes had more violence than it may have seemed in retrospect. Plus an earlier example.

Industrial production is the wealth that sustains us.

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