1. Thoughts on Soft vs. Hard Data
An argument that soft data can provide timely economic insights, contrasting with hard data that often lags behind significant economic events and policy changes.
2. How I learned to love the New York Knicks
The author shares a personal journey of becoming a Knicks fan, reflecting on the team's struggles and recent success, and the unique bond it creates among New Yorkers.
3. Two more examples of the nationalist’s dilemma
The post explores the contradictions of nationalism through examples from Romania and the U.S., highlighting the dilemmas faced by nationalist leaders in aligning with ethnic groups or authoritarian regimes.
4. Contradictions Can Be Revealing: A Current Example
The post examines contradictions in Trump's stance on foreign gifts and tariffs, arguing for the benefits of free trade despite government subsidies.
5. My Weekly Reading for May 18, 2025
David Henderson discusses various readings, including topics on free speech, job reallocation due to trade, and the impact of standout firms on national productivity.
6. Deindustrialization: Causes and Consequences
Paul Krugman discusses the unrealistic nostalgia for past manufacturing jobs and critiques the narrative linking deindustrialization to trade deficits and outsourcing.
7. Realtor.com Reports Most Actively "For Sale" Inventory since 2019
The post discusses the significant increase in housing inventory and new listings, while noting stagnant median list prices and buyer sentiment challenges.
8. So why *did* U.S. wages stagnate for 20 years?
An argument that U.S. wage stagnation from 1973 to 1994 was influenced by various economic factors, with globalization's impact being more complex than commonly perceived.
9. GDP on a Lower Trajectory – Survey of Professional Forecasters
An argument that GDP forecasts indicate a downward revision, reflecting a consensus among various economic surveys and projections for future growth.
10. Cardwell’s Cage and How to Break Free
Chelsea Follett explores Cardwell's Law and the cyclical nature of innovation in cities, examining historical examples and the conditions necessary for sustained creativity.
11. Saturday links
Scott Cunningham shares personal updates, discusses upcoming travels, and provides links to various topics, including productivity research and technology developments.
12. Tariffs: Now What?
Paul Krugman discusses the ongoing impact of tariffs, particularly those imposed during the Trump administration, and their implications for trade policy.
13. Schedule for Week of May 18, 2025
Bill McBride discusses the key economic reports and data releases scheduled for the week of May 18, 2025, focusing on housing and employment statistics.
14. Emergent Ventures India, 10th cohort
Tyler Cowen highlights the achievements and projects of the 10th cohort of Emergent Ventures India, showcasing innovative ideas from young entrepreneurs and researchers.
15. May 16th COVID Update: Weekly COVID Deaths Increased Slightly
Bill McBride discusses the slight increase in weekly COVID deaths and changes in hospital reporting requirements.
16. The 145% tariff already did its damage
An argument that the brief imposition of a 145% tariff on Chinese imports caused significant and lasting economic damage to affected companies and individuals.
17. Stablecoins and monetary policy
An argument that stablecoins do not significantly threaten monetary policy, as the Federal Reserve retains control over the monetary base and can adjust supply and demand effectively.
18. Economic Sentiment Continues to Fall as Inflation Expectations Climb Further
Menzie Chinn discusses declining economic sentiment and rising inflation expectations based on various confidence indices and survey data.
19. How Tariffs Built the World’s Worst Car that Only the Rich Could Have
An argument that tariffs hinder innovation and competition, exemplified by the poorly designed Hindustan Ambassador car, illustrating the long-term negative effects of protectionist policies.
20. The Import-So-That-They-Can-Export Firms
The post discusses the role of small firms in international trade, highlighting their dual function as major importers and exporters within global supply chains.
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