The disjunction between economic fears and reality is astonishing. Have we just stopped talking about reality altogether?

Economics needs better critics.

Inflation is falling, and unemployment is near a fifty year low.

rainbow lorikeet

Lovely to see the Fed so engaged with the best and brightest minds of the time: Franco Modigliani, Jim Tobin, Milton Friedman, Paul Samuelson and so many others.

Always so much fun to talk econ with Molly Jong-Fast because she makes me speak English, not econom-ese.

Visiting Melbourne. Just learned what a Magic is. Would recommend. Strongly.
theage.com.au/national/victo…

Bosses can fire you and hire anyone in your industry as your replacement, but many insist their staff sign non-competes so workers can't fire bad bosses and look within their industry for a better boss.

This asymmetry explains why bosses are upset about limiting non-competes.

The Dobbs decision led to a sharp rise in women deciding that if they’re not allowed to control their fertility, they'll eliminate it. economist.com/graphic-detail…

Making shadow puppets with my son, and ended up taking a major detour to explain what an overhead projector is and what it's for.

Happy birthday FRED! Here's a chart of my love for you over time, on a 0 to 10 scale.

'Some 60% of retail employees leave their jobs each year. Staff turnover at Costco is just 8%.'
economist.com/business/2024/…

So much for 'The first generation that will be poorer than their parents'.

economist.com/finance-and-ec…

Happy Budget Day to my Canadian econ friends. My starting point on all things Canada is to check in on the thoughts of my good mate Kevin Milligan.

Young econs at brown bags with fellow grad students before they're allowed to present in the main seminar series.

From the Department of You Can't Make This Up:
‘The investigation found that the chapter, titled “Dishonesty Explained: What Leads Moral People to Act Immorally,” borrowed extensively from 10 other works, including academic papers and student theses.’ thecrimson.com/article/2024/4…