I was on Upfront on KPFA a couple days ago, talking about the latest GDP numbers and the Federal Reserve -- why demand remains strong despite the Fed's best efforts. https://podcasts.apple.com/us/podcast/kpfa-upfront/id563931407
J. W. Mason
@jwmason
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Associate professor of economics, John Jay College, City University of New York. Fellow at the Roosevelt Institute. Father of two. Brooklyn. jwmason.org.
Not surprisingly, this is very good. https://www.ineteconomics.org/perspectives/blog/the-quasi-inflation-of-2021-2022-a-case-of-bad-analysis-and-worse-response
Steve Randy Waldman“There are plenty of things that cannot go on forever but can, and should, go on for a while. Rapid wage gains might be one of them.” @jwmason https://jwmason.org/slackwire/at-barrons-how-the-feds-view-of-the-economy-matters-for-more-than-monetary-policy/
// great piece on how the Fed almost reflexively tilts against labor bargaining power and so income share
The thing about chatGPT - which I think people are figuring out - is that it is a *text generator*. It produces strings of words more or loess similar to what you might find on the internet in the vicinity of your prompt.
Arin DubeIf Chat GPT can't figure out the actual topic of a highly cited paper in the QJE, and just makes up a different, wrong, description each time, not sure this is going to work out well for helping summarize any literature.
I was on KPFA radio in the Bay Area a couple days ago, talking about the latest GDP numbers and the debt limit. https://kpfa.org/player/?audio=394866
This piece by Tim Barker on whether low interest rates exacerbate inequality is really great, and not just because I agree with his conclusion (they don't.) https://ourtime.substack.com/p/is-easy-money-an-engine-of-inequality
Where we are right now:
Inflation was (mostly) pandemic-driven and transitory, and is coming down on its own. At the same time, but unrelatedly, the Fed's hikes have substantially reduced the amount of new housing getting built
Should I switch to the econtwitter instance of Mastodon, given that that's where most folks I follow on twitter seem to be? Does it matter? Is it hard to do?
Just read @BuddyYakov and @nils_gilman in NOEMA on the revival of interest in industrial policy. Really excellent piece that pulls together a lot of strands of the conversation. I especially liked their typology of the (very diverse) supporters of public planning. https://www.noemamag.com/the-designer-economy/
