961. Tuesday's Assorted Links
The post discusses various economic stories, including consumer behavior, unemployment rates, Fed Chair candidates, credit card spending trends, and student loan misconceptions.
962. Freedom as a Loophole
An argument that the abolition of the de minimis customs exemption restricts consumer freedom while benefiting certain domestic producers, highlighting the complexities of trade and government intervention.
963. Air Canada flights slowly resume after flight attendants agree to end their strike
The Associated Press reports that Air Canada will resume flights after settling a strike with flight attendants, impacting many travelers' plans.
964. China Versus the US in the Competition for Global Talent
An argument that compares the US and China's strategies for attracting global talent, highlighting the US's declining openness and potential consequences for its global standing.
965. What Happens If AI Hits An Energy Wall?
Paul Krugman discusses the environmental and economic implications of AI development, particularly focusing on the risks of unsustainable investment and potential recession.
966. Housing Starts Increased to 1.428 million Annual Rate in July
The post discusses the increase in housing starts and building permits in July, highlighting significant month-over-month and year-over-year changes in the housing market.
967. Day in a life of me on my first day in boston
Scott Cunningham shares his experiences on his first day in Boston, detailing his activities at Harvard and MIT, including meetings and personal reflections.
968. Businesses face 'chaos' as EPA aims to repeal its authority over climate pollution
Michael Copley discusses how businesses prefer EPA oversight on climate regulations for legal protection and investment stability.
969. *Capitalism: A Global History*, by Sven Beckert
Tyler Cowen critiques Sven Beckert's book for its lack of coherence and understanding of capitalism, questioning its historical analysis and conclusions.
970. How algorithms are changing the way we speak
Julia Ritchey discusses how social media platforms like TikTok and Instagram are influencing language and communication through engagement metrics and viral trends.
971. EJ Antoni in August: “…an increasing number of indicators say the recession has arrived in the broader economy.”
An argument that rising debt levels and collapsing consumer credit indicate an impending recession, challenging perceptions of economic growth.
972. “Reserves, Sanctions and Tariffs in a Time of Uncertainty”
Menzie Chinn analyzes the impact of sanctions, tariffs, and political factors on central bank reserve holdings of currencies and gold from 1999 to 2022.
973. Miles's Custom AI Summarizes His Proposal for a Public Contribution Program
Miles Kimball proposes a public contribution program to expand the nonprofit sector, arguing it can effectively substitute for government spending while addressing national debt concerns.
974. Framing up the next move in monetary policy: Powell at Jackson Hole
The post discusses Powell's upcoming speech at Jackson Hole, focusing on the Fed's monetary policy framework review amid challenges of inflation and employment.
975. WSJ Op-Ed on Implications of EJ Antoni’s Views on Inflation
Menzie Chinn discusses EJ Antoni's views on inflation and their potential implications for tax thresholds and economic measurements.
976. Federal Reserve Independence: Not Just a Good Idea, It’s the Law
Timothy Taylor discusses the legal and historical basis for the Federal Reserve's independence from political influence, emphasizing its importance for effective monetary policy.
977. LA Ports: Imports Up, Exports Down in July
Container traffic data reveals an increase in imports and a decrease in exports at LA ports, indicating trends in trade activity and seasonal patterns.
978. 'SNL' castmember Bowen Yang shares a piece of 'cultural contraband' from his youth
The post discusses Bowen Yang's childhood experiences with pop culture and his rise to fame as an Emmy-nominated cast member of a popular sketch show.
979. 3rd Look at Local Housing Markets in July
Bill McBride discusses the July housing market trends in Houston, highlighting increased home sales and record-high inventory leading to price declines.
980. How many seats will Texas redistricting cost Democrats?
The post analyzes Texas redistricting's impact on Democratic representation, highlighting potential seat losses and the political strategies behind the Republican-led map changes.