Friday, February 28, 2025

Wrap Up for February 2025

Substantial innovation in refrigeration and cooling could be on the horizon.

It certainly matters that Mexico is a major trading partner with Texas. More on the possible tariffs.

Expectations for future policy also contribute to unsustainable debt.

What are the more likely options of further power consolidation?

Exchange rates have a purpose that goes beyond "benefiting" buyers and sellers of goods.

A steadfast belief in freedom also functions as a way to prevent extremism.

Will the Department of Education be dismantled?

A closer look inside the interconnection queue for electric power.

Scott Sumner touches on 18 misconceptions regarding the Great Recession.

Arbitrary chaos erodes the economic coordination that makes prosperity possible.

Hopefully the tragic mid-air collision over Washington will serve as a wake-up call to finally restructure air traffic safety in the U.S.

Approval ratings for world leaders.

It turns out manufacturing jobs now have an image problem.

How will health insurance companies fare under the Trump administration?

Which countries subsidize fossil fuels the most?

Will the Trump administration realign the balance of power?

Idaho is a close second behind Utah in population growth.

A growing share of yearly federal spending has been borrowed, regardless of circumstance.

Automaker sales growth in 2024, plus a couple of losses.

Inflation remains a problem. Also, Even if Trump hadn't been elected, this likely would still have been the case.  Still, Trump's reversal in EV adoption adds to inflation. For one thing, the price of used vehicles (specifically gas powered) are going up, in part due to the emphasis on EV adoption having backfired. So  much expense toward that end, and the associated investment costs! And, it has to be disheartening for auto manufacturers to continue EV investment when money to create charging stations is no longer available. 

Some interesting facts about U.S. education.

Can we be selfish, yet care about everyone's welfare at the same time?

A visual for the fastest growing jobs in the U.S.

Some  companies don't make the profits one might expect, yet others fare much better.

Matthew Klein has a different take than Paul Krugman on current account realities.

It turns out lime clasts in Roman concrete had an important purpose.

Noah Smith takes issue with Jason Furman's denunciation of Biden's economic record.

How dependent are U.S. building and construction industries on imports?

Sustained high levels of government borrowing will eventually lead to a different reality for us all. Also, the Brookings report.

When excess AI usage leads to brain drain. And, another form of brain drain. Regarding the latter, broad overlapping systems not dependent on nations, governments or other large entities, are what I've hoped for via time arbitrage. Of course, starting this process hasn't been easy since it means transforming elite systems where knowledge use remains tightly controlled. Yet something needs to happen soon because things are changing quickly.

It's not as easy to cut back on Medicaid now, as it once may have been.

Have we reached "peak truck"?

VATs are not like tariffs. They function more like a sales tax, except their structure is built into the production of goods and services prior to the final product.

White Americans with no college education have become more likely to end up in prison.

It's difficult for pedestrians, bicyclists and cars to maneuver in the same spaces. 

People in many prosperous countries have largely forgotten what acid rain was like.

Useful tips from fifty years of travel.

Which states depend on a sizable portion of imports from the EU?

The use of pennies and nickels is already in decline.

How much authoritarian nationalism will the public ultimately tolerate?

When it comes to getting ahead, tests can help poor students stand out from the crowd.

The Fed is more concerned about inflation this time around.

It turns out consumers spent more in November and December, in anticipation of the coming tariffs. 

Ending the penny would not mean that more nickels are needed.

It's encouraging when people are able to take sufficient time to give materials a second life.

How long can one million dollars last in retirement? Much depends on where one lives.

Seriously, where is the economic gain of giving up the EU for Russia?

Are these firings really a surgical approach?

When are populations expected to peak around the world?

Eggs: Rising prices aren't the same thing as market power.

"Average Wages in OECD Countries."

How does one distinguish "hard times" from what is simply a moment of declining dynamism?

Some highlights from an interview with Alan Auerbach at the Fed.

The auto industry in the U.S. could especially pay the price, when it comes to tariffs.

Alas, even though Elon Musk makes plenty of mistakes, he is not incompetent.

Knowledge providers whose time use really matters for their monetary worth, are suspicious of AI.

"A different opinion" which nonetheless makes sense in terms of what's happening globally.

A visual for contributions to GDP by state. And, how does home affordability compare in OECD countries?

Trump's trade war is becoming more extensive than many imagined.

Congress is likely to stay consumed by a tax fight this year.

My thoughts exactly: "What money?"

The Republican healthcare problem, in a nutshell.

Sunday, February 2, 2025

Wrap Up for January 2025

It's time for healthcare in the U.S. to increase supply and enforce competition.

There are different ways to think about how many homes are needed.

To what extent does economics matter for public policy? And, who would have thought both Trump and Harris were undergraduate economics majors.

Many have already forgotten the horrors of war.

There's growing discussion regarding hyperlocal problem solving.

How can political parties get beyond the diploma divide? 

Reducing the trade deficit is no easy matter.

Which government agencies have the highest paid employees?

2025 as a year for Trump crosscurrents.

While economic conditions in the U.S. appear good on paper, it still helps to look beyond the headlines.

Which global corporations did the best in 2024?

What reform options are really left for healthcare?

Capitalism isn't the kind of well defined system it is sometimes made out to be.

Why was U.S. growth so strong in the postwar boom? (It's complicated.)

Purchasing power parity isn't a great measure for individual living standards, but what else is there?

It's not easy to keep up with the cost of house repairs (especially old houses) on a fixed income.

Some examples of greater productivity in the U.S.

Which U.S. counties have recently experienced growth gains?

The most stringent regulations affect the public sector the most. Supply-side progressivism inadvertently turned into demand-side stimulus - stimulus that wasn't even needed in this scenario.

Did Simon get lucky in his bet with Ehrlich?/

How formal and informal volunteering compares in different states. When I wrote extensively about time arbitrage, I envisioned the most important formal aspect as specific time commitments within given time frames, for smooth community interaction. Whereas informal aspects include one's choices for utilizing time with others. Informal choices are important for preserving personal autonomy, one's own interpretations regarding efficiencies, and decision making on one's own terms.

For instance: It's one thing to reduce inefficiencies, but don't do so to the point of lost resilience.

Considering the wear-and-tear they are responsible for, heavy trucks need to contribute more to road maintenance.

Which states own the most guns?

Alas, staying single and childless has become part of their survival strategy.

Congestion pricing seems like a win, but it does reduce demand for driving.

A visual for migration corridors.

There are important lessons to be learned from the LA fires. To the points Noah Smith made, I would add: we need to start establishing lots of local temporary housing for residents impacted by such tragic events. In advance, parcels of land could be set aside which serve as (at the very least) temporary locations where water and electricity are brought in for small home modules which can be easily put together and dismantled.

Which jobs are growing in the near future? Which jobs are declining?

There's an impasse between California and its insurance companies.

Technological disruption in the workplace has actually slowed since earlier periods. However the pace of disruption does show signs of accelerating.

China is repeating Japan's monetary mistakes.

What value might economists still find in Marx?

How do migrant remittances compare to foreign aid?

It's been a good year for food production.

AI increasingly matters for consumer decisions.

What makes TikTok so disconcerting?

CEOs still see risks but remain confident about good economic conditions.

A trillion dollar trade surplus isn't the positive it might once have seemed.

Which global companies are doing best in terms of profits?

A below average "misery index" for 2024.

Brookings has suggestions for Social Security reform that are worth consideration.

Should Scott Sumner steer clear of foreign policy recommendations? Or is Noah Smith closer to the truth in some areas in this regard?

The Middle East is in a good position for renewed growth.

Houston was really affordable when I was young, so it's hard to believe how much Houston has dropped in these rankings.

What constitutes a flow state and how is it achievable? These considerations are important for time arbitrage, in part because so many have daily responsibilities that get in the way of flow states which would otherwise be possible.

AI has become more useful by scaling up. My thoughts: Hopefully this will encourage additional security layers for knowledge preservation as well. Such layers aren't always possible when they include extensive monetary compensation for time based procedures.

A visual comparison of G7 economies versus BRICS economies.

Yet another reason time arbitrage systems are especially needed now.

Oddly, if a problem is widespread, people may take it less seriously.

It's important to understand why Trump is so popular.

Brian Potter takes a closer look at rising homeowners insurance costs.

What wages are required for a family of four?

Why not watermark AI?

"...the Trump tariffs of 2018 may even have led to a reduction in US manufacturing jobs."

Companies have been unwilling to give up the practice of fake job postings.

Industrial policy can be envisioned as a series of layers.

It only took 71 hours for Trump to pressure the Fed.

American workers are producing high quality products after all.

A visual for average annual expenditures.

Price markups also depend on how time is utilized in the consumption process.

Axios breaks down the market reaction to DeepSeek.

Both Democrats and Republicans fear technological change, but in different ways.

Has Japan really done so poorly since 1990? In particular, it helps to encourage consumption.

Germany has become a "cautionary tale". Marcus Nunes responds.

Chemical recycling is starting to take off in retail production.

Perhaps AI export control rules have backfired.

The only deflation that deserves to be feared, is caused by policy errors.

Is DeepSeek as important as it seems?