A comparison: Figure 1: GDP (bold black), WSJ January survey mean (red), CBO January projection (light blue), Biden administration (light green), IMF WEO January forecast (blue triangle), all in billion Ch.2017$ SAAR. Source: BEA, WSJ, CBO, IMF, Economic Report of...
Yves here. Michael Hudson describes how if Trump delivers on his trade and immigration threats (which are also economic threats) to Mexico, Mexico will either suffer a severe economic crisis or default on its dollar debt. Mexico has form here,...
This Is Why You Can’t Hula Hoop, According to Science ScienceAlert (Chuck L) New evidence pushes back arrival of early hominins in Europe ScienceDaily (Kevin W) The Oldest Beer Receipt (Circa 2050 BC) Open Culture (Micael T) Africa’s Oldest Written...
In our paper on online education, Tyler and I wrote: One model of a future course is a super-textbook: lectures, exercises, quizzes, and grading all available on a tablet with artificial intelligence routines guiding students to lectures and exercises designed...
Yves here. Of course, one looming question regarding efficiency is efficient for whom? If we look at a private sector example, lousy insurance claims processing is efficient by lowering costs (staffing levels) and pushing costs onto policy holders, with the...
Bird Song of the Day Brown Thrasher, Langford Creek Road, Tompkins, New York, United States. * * * In Case You Might Miss… Hegseth advances to floor vote. Smile Nazis in action. Snow in the South. * * * Look...
Started teaching on Wednesday. Here’re some graphs in the intro lecture on macro policy (now that content is gated, and only accessible to students). Where we are: GDP Where we are: inflation Where we are: Implications of the...
Trump is adept at using his willingness to be wildly inconsistent to destabilize opponents. But he is unduly fond of using blunt instruments like tariffs that he can impose unilaterally, with insufficient consideration of whether they will work all that...
“In our countries, no one can walk the streets with a mask on their face,” and “yet we allow people to roam freely on the Internet without linking their profiles to a real identity.” Spanish President Pedro Sánchez was uncharacteristically...
Elephants can’t sue to leave the zoo, court rules WaPo California Burning Batteries (Not) Included The Brockovich Report Nonstop Wildfires Are Straining the Global Arsenal to Fight Them Bloomberg Climate Brave scientists on ‘hurricane hunting’ plane used to study the...
