Daily Picks
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Economics & Policy, picked daily

Macro, jobs, trade, housing, energy and public policy — how a society allocates, and how it is governed.

Conversable Economist
Secular Stagnation and Wealth Inequality: Antecedents and LessonsThe advice to tax the rich to boost growth and reduce inequality dates back to the 18th century, but it may be a one-size-fits-all cure for every economic ailment.
Conversable Economist
Is US Government Debt Getting Riskier?Global investors are treating US Treasury debt as a risky asset, as seen in borrowing costs, market hedging behavior, and who holds the debt.
Works in Progress
The everything theory of mass transitPublic transit has been loaded with side missions it was never meant to solve, which weakens its core job of moving people and hurts the poor, who depend on it most.
The Conversation
Why the US-Canada trade war could change how American farmers grow their crops for yearsIf the US-Canada trade war escalates, American farmers may cut back on fertilizer due to rising potash costs, which won't show immediately but will reduce yields for years, eventually pushing up food prices.
The Conversation
Why Trump’s plan to rescind the Roadless Rule protecting national forests will struggle in courtThe Trump administration's bid to scrap the Roadless Rule protecting national forests will face tough legal battles due to strong precedent and public support for the 2001 policy.
acx
Re: Re: Re: Pritchard On Liberal HappinessEven if income affects happiness, the effect is smaller than intuition suggests, but that doesn't mean income is irrelevant.
Rest of World
America’s immigration policy is driving away future AI leadersBy tightening immigration, the U.S. is pushing top AI talent toward competitors like China, and the resulting brain drain will erode its AI leadership.
ChinaTalk
How AI Becomes a Political CrisisEven a 1% rise in unemployment could trigger a political crisis if it hits a specific region or profession, because AI is breaking the career pipeline for young white-collar workers.
Noahpinion
Are we watching the U.S. go bankrupt?The small rise in long-term U.S. Treasury yields is not a sign of a bond market collapse, but the huge national debt and unwise policies still warrant caution.
Net Interest
Great ScottUS Treasury Secretary Bessent calls himself the nation's top bond salesman, but recent auction yields have surged to multi-year highs, suggesting his sales performance is slipping.
Conversable Economist
Even Sand Isn’t InfiniteSand is not infinite; surging global demand has turned it into a pressing crisis.
Noahpinion
Economists should be worried about birth ratesAcemoglu's new paper claims low fertility raises living standards through automation, but the author argues the evidence is weak and contradicts Acemoglu's own research.

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