Side note: it’s a major symptom of “Too-Online Economist Brain” that my brain tried to process “Dr Long” as “DeLong”

This is the most exciting technological innovation I’ve read about since mRNA vaccines! We need a lot more of this. economist.com/science-and-te…

Btw Paul E Williams is a great follow - I hope his retweet is immortalized in the JEP article

Overall today’s macro data was roughly as expected. The economy is possibly a little less hot than it was (see wages slowing a little or inflation excluding housing). But still a 5% inflation economy—very far from where it should be. Maybe inching closer but lots of feet to go.

Are there any good pieces out there on the recent intellectual retconning of Milton Friedman into a centrist or even center-left avatar

Historians of economic thought will one day publish a journal article about this tweet

the best wfh argument yet

I have not seen a single version of the “I am a doctor of economics” meme that wasn’t amazing

Tweeting “I’m deleting this account soon” (whether true or false) will

2.6% annualized real GDP growth is a solid number for a given quarter, regardless of what inventories and trade did. The purpose of subtracting those categories out is to infer what might happen to GDP growth in the future, not to discount the current number.

What probabilities do you put on these four outcomes?

You're also welcome to object to the words but they're less important.

And the colors are surely wrong.

For reasons that aren't clear to me (declining hires? noise?), the 'breakeven level' for initial claims (where continuing claims are flat) has fallen in the past two months. So even though the increase in initial claims has been small, continuing claims are rising.