Substantial monetary tightening since mid-2023 even as real economic strength and more rapid inflation reduction than expected offset each other; Dani Rodrik in 2019 on Industrial Policy; very...
After all these years (My wife and I got married about the same time Nixon's people were breaking into the Watergate Dem HQ.) I seem to have developed a pattern recognition gestalt for right wing propaganda. One characteristic is projection, accusing others of what you do. But these days I don't even read past the first red flag.
Suggestion: Couldn't we train an LLM on Uri Berliner, David Brooks, Friedman, and Ross Don'tDoThat and their ilk's works to identify crap and built it into a browser extension. (I know it would generate too much white space, but that sacrifice seems worth it.)
I suppose that Dani means that some of the returns on the investments going into the "manufacturing renaissance," net of the returns on the investment diverted by the increase in the deficit that financing those investments [too bad they were not financed with a consumption tax], will go to workers employed in these projects (assuming that wages earned in those activities are greater than in their next best employment), but that these "excess" earnings will not be great.
Re: Steve Inskeep:
After all these years (My wife and I got married about the same time Nixon's people were breaking into the Watergate Dem HQ.) I seem to have developed a pattern recognition gestalt for right wing propaganda. One characteristic is projection, accusing others of what you do. But these days I don't even read past the first red flag.
Suggestion: Couldn't we train an LLM on Uri Berliner, David Brooks, Friedman, and Ross Don'tDoThat and their ilk's works to identify crap and built it into a browser extension. (I know it would generate too much white space, but that sacrifice seems worth it.)
I suppose that Dani means that some of the returns on the investments going into the "manufacturing renaissance," net of the returns on the investment diverted by the increase in the deficit that financing those investments [too bad they were not financed with a consumption tax], will go to workers employed in these projects (assuming that wages earned in those activities are greater than in their next best employment), but that these "excess" earnings will not be great.
I agree.