I now credit Paul Krugman on the Ezra Klein show for the jump; American income distribution 1979-2019; Scott Aaronson finds Chat-GPT so amazing he cannot understand how anyone can anyone stop being...
Deese: Lots of nice sounding words like "resiliency" but It is very hard to see exactly what policies he has in mind that are different from just promoting growth.
Krugman gave a good reason for paying more attention to wages than just any old collection of P*Q equaling the same V.
Still I thought he failed to explaining inflation as a necessary mechanism to allow relative prices to adjust when some (especially but not exclusively wages) adjust up and down asymmetrically. This left him to appear to justify an inflation target as mechanism to allow central banks to avoid the ZLB for short-erm interest rates. Inflation needs to be managed as an income-maximizing tool for keeping the economic resources fully employed in the face of supply and demand side shocks.
Century Foundation. So far so good. What it leaves out is the need for policies to promote rapid growth and to pay for the suggested transfers:
1) Higher immigration of skilled professionals/recent graduates and accelerated licensing/certification to allow then to apply their skills more quickly.
2) Freer trade with non-sanctioned economies,
3) Lower deficits through greater progressivity of taxation AND switching from wage taxes to a VAT for funding SS, Child Tax Credit, health insurance, paid leave (not an unfunded mandate of employers), and unemployment insurance that provides a generous % of lost income.
4) Reform of land use regulation and building codes to reduce the cost of investment in housing, especially in high-income areas that offer the most opportunity.
Also omitted was a tax on net CO2 emissions to reduce the cost of meeting CO2 concentration goals.
The uplift in book sales from making an appearance on other sites is not surprising.
Here is something that is: A former newspaper editor asked if I had any ideas for two nature guys who had a podcast on nature. I suggested they do live event at the local zoo, and have the zoo publicize it along with the podcast info and their email address for questions so they could harvest the email list for later use.
They had several live programs at the zoo, and audience increased.
At one of the shows, someone from the audience asked: Can you do your show at the local Dick Sporting Good store.
They did: And, they got a totally different audience, and their audience increased. Gun owners like nature also. It was a different audience.
And, they got Dicks Sporting Goods as a sponsor for their podcast.
So, you might want to appear before a Southern Civil War historians group to discuss late 19th century economic history, join a discussion with right wing economists on their podcast, and appear on Tucker Carlson to discuss the 1930 Nazi economic miracle.
Deese: Lots of nice sounding words like "resiliency" but It is very hard to see exactly what policies he has in mind that are different from just promoting growth.
Krugman gave a good reason for paying more attention to wages than just any old collection of P*Q equaling the same V.
Still I thought he failed to explaining inflation as a necessary mechanism to allow relative prices to adjust when some (especially but not exclusively wages) adjust up and down asymmetrically. This left him to appear to justify an inflation target as mechanism to allow central banks to avoid the ZLB for short-erm interest rates. Inflation needs to be managed as an income-maximizing tool for keeping the economic resources fully employed in the face of supply and demand side shocks.
Century Foundation. So far so good. What it leaves out is the need for policies to promote rapid growth and to pay for the suggested transfers:
1) Higher immigration of skilled professionals/recent graduates and accelerated licensing/certification to allow then to apply their skills more quickly.
2) Freer trade with non-sanctioned economies,
3) Lower deficits through greater progressivity of taxation AND switching from wage taxes to a VAT for funding SS, Child Tax Credit, health insurance, paid leave (not an unfunded mandate of employers), and unemployment insurance that provides a generous % of lost income.
4) Reform of land use regulation and building codes to reduce the cost of investment in housing, especially in high-income areas that offer the most opportunity.
Also omitted was a tax on net CO2 emissions to reduce the cost of meeting CO2 concentration goals.
The uplift in book sales from making an appearance on other sites is not surprising.
Here is something that is: A former newspaper editor asked if I had any ideas for two nature guys who had a podcast on nature. I suggested they do live event at the local zoo, and have the zoo publicize it along with the podcast info and their email address for questions so they could harvest the email list for later use.
They had several live programs at the zoo, and audience increased.
At one of the shows, someone from the audience asked: Can you do your show at the local Dick Sporting Good store.
They did: And, they got a totally different audience, and their audience increased. Gun owners like nature also. It was a different audience.
And, they got Dicks Sporting Goods as a sponsor for their podcast.
So, you might want to appear before a Southern Civil War historians group to discuss late 19th century economic history, join a discussion with right wing economists on their podcast, and appear on Tucker Carlson to discuss the 1930 Nazi economic miracle.