Bernanke was too focused on interest rates to keep monetary policy on a truly stable path.
Natural disasters have greater effects on mortality than is immediately obvious. In some instances there can be "a decade of hardship on tap".
Encouraging data for business dynamism.
Neither party is ready to deal with the current realities of Social Security.
Where is traffic the worst in the world?
The equation which still leads to confusion.
When critics and supporters alike envision AI primarily as a human remover, that's a problem.
Scott Sumner provides highlights re the recent Cowen/Tabarrok inflation debate.
Would U.S. ports benefit from further automation? It's complicated.
A visual reminder that damage costs from hurricanes are not always about wind speeds.
State rankings for healthcare access.
Jonathon Hazell and David Beckworth talk inflation and the Phillips Curve.
Our time use decisions include daily priorities. And the specific activities we focus on, affect our long term memory.
Axios highlights the current rise in employer healthcare costs.
The Republican relationship with welfare recipients has changed. Plus, EIG tracks the rise in reliance on government income. Small wonder the federal deficit has been missing from political discussions this year.
Public school enrollment continues to decline across the board.
"even though the U.S. controls its own currency, its debt would become unsustainable as it approaches 175% of GDP." Given this reality, despite political inclinations towards fiscal dominance (over monetary dominance), fiscal dominance would certainly be a temporary phase.
Acemoglu, Johnson and Robinson: Brian Albrecht's thoughts on the 2024 economics Nobel. Alex Tabarrok provides examples of their work over the years. Timothy Taylor reflects on their contributions to institutional frameworks. However, Noah Smith feels the Nobel prize has become too much of a popularity contest. Yet Scott Sumner notes how there are times when anecdotes matter. Also, an earlier critique.
What makes Wisconsin a different kind of state?
When it comes to our time use options, what if we've been too focused on constant productivity?
The most likely scenario if there were a Trump sweep.
Late-career entrepreneurs create more innovation than is generally realized.
Many older adults live alone in spite of cognitive impairments.
Despite fears about AI taking jobs, in some instances it is actually making jobs more pleasant.
Adam Tooze "comes clean" about his cognitive dissonance on inflation.
Growing fiscal debt realities nonetheless clash with growing fiscal needs - not just in the U.S. but around the world. Healthcare, military needs and the green transition are all on the line. And fiscal tightening has also become politically unfeasible.
Where do people feel safe enough to walk outdoors at night?
Mapping tech talent hubs across North America.
Research and development spending in the U.S. is still quite strong.
New tenant rent remains somewhat elevated. Axios explains how this could pose problems till 2026.
Monetary circumstance can also lead to disequilibrium.
Timothy Taylor considers ways to improve the healthcare system in the U.S.
A quick summary regarding global economic stability.
Some home price to income ratios for large cities.
Reflecting on Covid-era inflation and how this could affect possible revisions in the Fed framework.
In many instances, simple solutions are best.
Economists have learned some important lessons about real shocks and recessions.
What are the risks of Trump's proposed economic policies?
The "triple pivot" isn't easy.
Tim Harford frames the Baumol effect as a good-news story.
When problems are complex, complex policy regimes are still not the answer.
Some differences between Republican and Democratic platforms regarding the Fed.
From the heyday of the secretary, to the office of tomorrow.
The economics profession is apparently the first loser of this election.
An eighth grade test from 1912 offers a fascinating comparison to today's educational expectations.
Physical strength is still required for a wide range of work.
Density zones as a national approach to housing access and affordability.
The U.S. continues to pull ahead of other advanced economies.
How do people in the U.S. feel about Generative Artificial Intelligence?
Given current institutional constraints, is it feasible for either party to really make a difference in healthcare right now? That said, there's one important caveat: circumstances regarding abortion related issues are likely to change.
Post-Helene, solar-powered generators came to the rescue in North Carolina. Indeed, as anyone who has been without power for more than a couple days knows, it's one heck of a relief when noisy gas generators finally go silent. Not to mention, gas for those generators can run thousands of dollars a month.
Tariffs are even worse than we thought.
Austerity will become necessary sooner rather than later. But what forms might it assume?
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