Memories of economic policymaking during the Carter administration; from goods-focused engineering to human capital as the primary urban growth engine; the rise in the 10-Yr Treasury rate...
Wanna point out that universities do more than create directly productive human capital. They create social capital as well: music, bookstores, restaurants, etc.. People with a lot of human capital and mobility prefer to live in university towns if they can. Prosperous retirement communities are often built around colleges.
MY: "Public Reason: Matt Yglesias: Slow Boring's fourth year: ‘Most red states have liberal cities, and you’d like to see at least some mayors of those liberal cities be viable candidates for statewide office. But for that to work, the mayor in question can’t be a dyed-in-the-wool progressive who spends his time catering to the national constituency of progressive nonprofits."
Notably lacking: examples. After almost 30 years of this "I'm the real sensible centerist in the room and you lefties need to follow my [conservative] preferences or DOOM" do they really think that we don't see through them? MY should just take that job on the No Labels campaign, then from there join the Wall Street Journal editorial staff after the election.
Greedflation: Price setting power by firms is just one more asymptomatic rigidity in relative prices that the Fed should take account of/should have taken account of, requiring a little more average inflation to maximize real income than if it did not exist. Why does it get its name in lights on the marquee?
Wanna point out that universities do more than create directly productive human capital. They create social capital as well: music, bookstores, restaurants, etc.. People with a lot of human capital and mobility prefer to live in university towns if they can. Prosperous retirement communities are often built around colleges.
MY: "Public Reason: Matt Yglesias: Slow Boring's fourth year: ‘Most red states have liberal cities, and you’d like to see at least some mayors of those liberal cities be viable candidates for statewide office. But for that to work, the mayor in question can’t be a dyed-in-the-wool progressive who spends his time catering to the national constituency of progressive nonprofits."
Notably lacking: examples. After almost 30 years of this "I'm the real sensible centerist in the room and you lefties need to follow my [conservative] preferences or DOOM" do they really think that we don't see through them? MY should just take that job on the No Labels campaign, then from there join the Wall Street Journal editorial staff after the election.
Greedflation: Price setting power by firms is just one more asymptomatic rigidity in relative prices that the Fed should take account of/should have taken account of, requiring a little more average inflation to maximize real income than if it did not exist. Why does it get its name in lights on the marquee?
Thanks for the link!
I loved the interview and would never have seen it if Brad hadn't surfaced it.
That’s great! Good to know you!
Hand picking successors sure worked well for Henry II. :)
:-)