ECONOMY

Trump Accounts are a Big Deal

Trump’s One Big Beautiful Bill Act was signed into law on July 4, 2025. It’s so big that many significant features have been little discussed.

ECONOMY

Amazon’s Robotic Revolution

Amazon now employs almost as many robots as humans leading to huge productivity improvements. From the second graph, “end-to-end” packages handled by Amazon rose from

ECONOMY

*Breakneck: China’s Quest to Engineer the Future*

By Dan Wang, a great book. Here is the book’s home page.  Here is the Amazon link. The post *Breakneck: China’s Quest to Engineer the

ECONOMY

Privatize Federal Land!

I’ve long advocated selling off some federal land—an idea that reliably causes mass fainting spells among the enlightened. How could we possibly part with our

ECONOMY

Flying on Frying Oil

The ever-excellent Matt Levine points us to the amusing economic policies that connect the international jet-set to Malaysian street hawkers of fried noodles. The EU

ECONOMY

Of Course We Should Privatize Some Federal Land (but probably won’t)

The Federal government controls a ridiculous amount of land in the West including more than half of Oregon, Utah, Nevada, Idaho and Alaska and nearly

ECONOMY

GDP Nowcasts as of 6/20

NY Fed, St. Louis Fed, GS tracking: Figure 1: GDP as reported (black), May Survey of Professional Forecasters (tan), GDPNow of 6/18 (light blue square),

ECONOMY

Some northern parts of Spain

Salamanca still feels part of the orbit of Madrid, but León does not.  Many of the faces are more Celtic, and the mood of the

ECONOMY

Has Trade Policy Uncertainty Decreased a Lot?

Yes, but only because it was so extremely high recently. Figure 1: Top panel – Economic Policy Uncertainty – trade category (blue); Bottom panel –

ECONOMY

Deport Dishwashers or Solve All Murders?

I understand being concerned about illegal immigration. I definitely understand being concerned about murder, rape, and robbery. What I don’t understand is being more concerned