ECONOMY
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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,…
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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…
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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,…
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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…
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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…
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The convent where the Salamancans wrote their great works
Convent San Esteban. It is still there, you can just walk right in, though not between 2 and 4, when…
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Is American Consumption too High?
The Economist asks the question, and says — in part — yes. Rebalancing the global economy is Donald Trump’s defining…
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The Roller Coaster Ride Continues … EPU through 6/1
And it doesn’t seem like it will end soon, unless … Figure 1: EPU – trade (blue, left scale), EPU (red,…
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Why LLMs make certain mistakes
Via Nabeel Qureshi, from Claude 4 Sonnet, from this tweet. The post Why LLMs make certain mistakes appeared first on…
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You Can See the End of the Great Stagnation Everywhere but in the Productivity Statistics
Eli Dourado continues to keep his eye on the most important number in the world, total factor productivity. It continues…
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