your daily dose of economic commentary
High government salaries in poorer countries lead to talent misallocation, reduced productivity, and increased unemployment, as educated individuals pursue public sector jobs over private sector opportunities.
Paul Krugman discusses Donald Trump's threats against Lisa Cook, highlighting the political intimidation tactics used by the administration and their potential economic implications.
Jadrian Wooten discusses how the Focus Friend app helps improve focus by using a commitment device that engages users through a cute knitting bean character.
Nate Silver discusses Democrats' strategies to counter Republican redistricting efforts, highlighting public support for Gavin Newsom's initiative to regain control over California's redistricting process.
Bill McBride discusses July's new home sales data, noting a slight decline from June and a comparison to previous years, along with supply metrics.
Active single-family housing inventory increased slightly week-over-week but remains significantly lower than 2019 levels, indicating a notable trend in market dynamics.
Robert Vienneau discusses Sraffa's appreciation of Marx's concepts, particularly surplus value, and critiques neo-Ricardian interpretations of exploitation in capitalism.
Noah Smith shares his cultural observations from events in NYC, expressing his dislike for TikTok and discussing modern content consumption habits.
Anthony Kuhn discusses the upcoming summit between the U.S. and South Korean presidents, focusing on their alliance and a recent trade deal.
Menzie Chinn critiques the unequal treatment of Dr. Lisa Cook's qualifications for the Fed compared to other nominees, highlighting biases in political appointments.
David Henderson discusses various articles on economic data quality, collectivism, police protests, remittance regulations, and local government issues affecting businesses.
Tyler Cowen discusses potential questions for John Amaechi, highlighting his background as a psychologist and former NBA player, and his upcoming book on leadership skills.
An argument that stagflation's implications, historical context, and current economic conditions are explored, particularly regarding inflation and the Federal Reserve's responses.
The post discusses the anticipated increase in new vehicle sales, driven by factors like expiring EV credits and seasonal trends affecting consumer behavior.
The post examines the challenges of nationalization in America, highlighting constitutional barriers, the influence of corporate interests, and the complexities of federalism on regulatory practices.
Menzie Chinn critiques Steve Cortez's claims about Antoni's economic qualifications, highlighting inconsistencies and connections to partisan organizations.
Camila Domonoske discusses how new customs regulations are causing European shippers to delay U.S.-bound shipments until systems are updated.
The post discusses personal experiences, reflections on AI economics, and the impact of new technologies on labor and productivity, alongside casual observations about local events and activities.
The post discusses the Trump administration's decision to halt progress on a nearly completed wind farm project in Rhode Island and Connecticut.
A discussion on military analysis of the Ukraine war, criticizing flawed perceptions and emphasizing the importance of understanding strategic air warfare over ground advances.