Saturday, November 30, 2024

Wrap Up for November 2024

There are surprising similarities between China's recent development, and that of the nineteenth century U.S.

What happens when government assistance is phased out as low incomes rise?

A visual for public perceptions of safety around the world.

For many such as myself, the long inflation of the seventies wasn't near as unsettling as the (hopefully) brief inflation of our time

Vacancy rates as an indicator of housing shortages.

By no means is insurance availability a guarantee of healthcare access.

Oral traditions matter for economic outcomes.

American households have changed a lot since 1960.

More job reallocation has occurred in areas where human capital was already high.

Some thoughts on an era of nationalism and fiscal excess. Plus, it was a bad year for incumbent parties.

Which countries have the greatest diversity of natural resources in considerable amounts?

What makes quartz from Spruce Pine, so important for semiconductor manufacture?

Robots have turned out to be useful for some tasks in nursing homes.

Economic considerations regarding the election.

The percentage of the population suffering from long Covid is larger than expected.

The professional class is out of touch with everyone else.

Jason Furman recommends five books on economic policy.

What is the accuracy of immigration data?

USA Facts highlights the government budget deficit.

It helps that low-carbon tech doesn't need as many resources as before.

A different take on the Trump identity.

Might the election have turned out differently, if the Fed was more careful about curbing inflation?

A visual for fiscal receipts versus fiscal outlays.

What might current diminishing returns tell us about the future of AI?

Why is there less room to cut interest rates?

Carola Binder explains "Where inflation comes from".

Even though politics has changed, economic principles haven't.

Zero sum thinking helps to explain the nature of political divides.

How the other ten percent lives: People who don't drive cars.

Perhaps we shouldn't be too worried about near future energy demand.

If tariffs really must be increased, at least make them specific in nature.

Wind turbine service technicians in particular, should find it easy to get work.

Some birth and fertility statistics. 

People without college degrees remain too fragmented and isolated from one another to function like the working classes of earlier eras. Some want Democrats to "win" these voters back. However, as long time readers may recall, I believe these groups would fare better with new institutional frameworks which specifically serve them. In particular, institutions which aim to create good deflation in a wide range of domestic economic activity.

Runs on otherwise healthy banks, aren't really that common.

Even though college is no longer always seen as a viable option, apprenticeship opportunities are growing.

Brian Potter takes a closer look at road quality.

Congestion pricing has worked well for other nations.

A visual for businesses most likely to survive in the last decade.

Further speculation on potential economic effects from Trump's policies.

Nominal GDP is not given enough consideration, to determine whether inflation is supply or demand driven.

The race to procure trade goods before the tariffs hit, could skew economic data for a while.

Finance was important for the emergence of both numeracy and literacy.

A visual for the world's largest goods exporters.

Different generations have different ideas as to what financial success consists of.

Texas may have to look far and wide for construction help, if many of its migrant workers are deported. A suggestion from this Texan: why not create more productive frameworks for building components in localized factory settings, frameworks which could appeal to a far wider range of workers than is presently the case? Such settings could also provide better employment stability, not to mention more reliable building component options for consumers.

There has been too little symmetry in the Fed's inflation target, in recent years.

Humanity is shrinking. Chances are, we have to make life a lot more affordable, if this reality is to be reversed.

America's recent productivity gains: But how much is as real as it seems?

Economics lends a different perspective to the degree things really matter.

How realistic is Scott Bessent's 3/3/3/ strategy?

Middle income trap issues are also relevant for the U.S.

Matthew Klein interviews Austan Goolsbee.

The opportunity cost of wanting both higher energy production and greater manufacturing capacity.

What if politics isn't actually the central component of history?

Middlemen add to grocery costs, but what makes them necessary for the supply chain in the first place?

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