What were they thinking of, signing this? Wasn't Kevin Hassett's behavior since 100% predictable? Letter in Support of the Nomination of Kevin Hassett to be Chairman of the Council of Economic…: "Alan J. Auerbach... Martin N. Baily... Dean Baker... (TRUMP)
Olivier Blanchard and Lawrence Summers: Rethinking macro stabilization: Back to the future: "Lessons from past crises... (ECONOMICS)
Simon Wren-Lewis: The lesson monetary policy needs to learn: "The main problem with monetary policy... (MACRO)
Karl Smith: Pax Sinica: What Is To Be done?: "Tyler Cowen reminds me of an issue I used to think a lot about... (STRATEGY)
Jay Shambaugh et al.: Thirteen Facts About Wage Growth: "Economic and policy changes are both important for the division of economic gains... http://www.hamiltonproject.org/assets/files/thirteen_facts_wage_growth.pdf (LABOR)
Ben Thompson: Netflix’s Earnings, Netflix’s Price Raise, Additional Netflix Notes: "Netflix has a completely orthogonal strategy: content is only valuable if it is evergreen... (INTERNET)
Melissa S. Kearney: How Should Governments Address Inequality?: "Putting Piketty Into Practice... (MORAL PHILOSOPHY)
Raymond Fisman, Keith Gladston, Ilyana Kuziemko, and Suresh Naidu: Do Americans want to tax capital? Evidence from online surveys: "We provide, to our knowledge, the first investigation of individuals’ preferences over jointly taxing income and wealth... (PUBLIC FINANCE)
@delong @pseudoerasmus @leahboustan: On Twitter: What high skilled jobs did the domestication of the horse eliminate?: "@leah_boustan: @pseudoerasmus @de1ong To me, robot has connotation of 'artificial intelligence' so CNC would be robot-like but assembly line would not be... (ROBOTS)
Ryan Hagemann: The Coming Age of Genetic Modification: "Shoukhrat Mitalipov and a team of researchers at Oregon Health and Science University announced they had successfully altered human embryos with a mutation of the MYBPC3 gene... (HEALTH)
Some Fairly-Recent Links:
Clive Cookson: DeepMind computer teaches itself to become world’s best Go player: "Google unit sees AI pass milestone as AlphaGo Zero dispenses with human wisdom..."
Julia Belluz: Dark chocolate is now a health food. Here’s how that happened. - Vox: "The Mars company has sponsored hundreds of scientific studies to show cocoa is good for you..."
Reinvent: Distributing Wealth and Mitigating Inequality in Our 21st Century Digital Economy: "UC Berkeley Political Science Professor John Zysman and UC Davis Community and Regional Development Professor Martin Kenney published the paper 'The Rise of the Platform Economy'..."
Gene Sperling: Expand the EITC to Include Childless Workers - The Atlantic: "The Earned Income Tax Credit is one of the country’s most effective anti-poverty policies, but it mostly leaves out a huge segment of workers: those without children..."
Joseph E. Stiglitz, Dean Baker and Arjun Jayadev: Intellectual Property for the Twenty-First-Century Economy: "Developing countries are increasingly pushing back against the intellectual property regime foisted on them by the advanced economies over the last 30 years. They are right to do so, because what matters is not only the production of knowledge, but also that it is used in ways that put the health and wellbeing of people ahead of corporate profits..."
Martin Wolf: Why climate change puts the poorest most at risk: "IMF data show low-income nations suffer from events for which they bear no blame..."
Jim O'Neill: What’s Really at Stake at the CCP Congress? by Jim O'Neill - Project Syndicate: "Whenever the Chinese Communist Party holds its quinquennial National Congress, pundits revel in speculating about the behind-the-scenes political dynamics driving what is invariably a carefully choreographed event. But they should really be focusing on whether China's leaders will signal continuity or change regarding the country's economic and trade policies..."
David Anderson: Morning thoughts on Alexander-Murray: "I would vote for this bill if I were in the Senate..."
- Edward Luce: Donald Trump’s poisoning of global trade: "The suspicion is that the president never wanted to make deals in the first place..."
Shawn Donnan: Bitter differences over Nafta break into the open: "Bitter differences over how to update the North American Free Trade Agreement have broken into the open, as Donald Trump’s trade tsar accused Canada and Mexico of resisting the need for major change and warned US companies they would need to make sacrifices..."