Worþy Reads: For 2021-09-24 Fr: Worthy Reads from Equitable Growth:
1) It is very difficult to take over a running organization and then to strike the right note in one’s initial communications—neither anodyne platitudes, nor too great a shock to the organization, nor... 1/
1) It is very difficult to take over a running organization and then to strike the right note in one’s initial communications—neither anodyne platitudes, nor too great a shock to the organization, nor... 1/
...submerging one’s own agenda. I think incoming Equitable Growth President Michelle Holder managed this very well: Michelle Holder <equitablegrowth.org/equitable-grow…>... 2/
...2) Back in the real old days, large family sizes meant that the economies-of-scale in child care were captured for the most part within the family, and certainly within the extended family. In our time of nuclear families and low fertility a great deal of this... 3/
... essential work and life is done at a much greater societal resource load per child than a better organized society would do: Sam Abbott: The Child Care Economy <equitablegrowth.org/research-paper…>... 4/
...3) given the current structure of the US Senate, making legislative progress on promoting equitable growth requires the huge and enthusiastic cooperation and endorsement of at least a dozen Republican senators in the long run. And those who are interested in good... 5/
... public policy for the nation’s sake are likely to listen to the Niskanen Institute, where Steve Teles works. If the game is to have a chance of legislative progress via normal order—or, indeed, of legislative progress that is not reversed in short order—people like... 6/
... those at the Niskanen Institute need to be strongly on board: Steve Teles, Noah Smith, & Brad DeLong: PODCAST: True, Neo-, and Illiberalism <braddelong.substack.com/p/podcast-hexa…>... 7/
...4) This, I think, was the best session at last week’s Equitable Growth conference: Hakeem Jeffries & Kate Bahn: How Do We Build a Just & Competitive Economy? <
https://twitter.com/equitablegrowth/status/1440400526684815370>... 8/
Worthy Reads from Elsewhere:
1) This Martin wolf column seem to me to be very good… up until its end. He seems to be heading for the Hobsonian position that central banks face an impossible task without a major, major equalization of incomes. But where I expected to... 8/
1) This Martin wolf column seem to me to be very good… up until its end. He seems to be heading for the Hobsonian position that central banks face an impossible task without a major, major equalization of incomes. But where I expected to... 8/
... see a call for in the short-run a 4%/year inflation target or a massive increase in infrastructure investment and in investment tax credit incentives both to rebalance savings and investment and to alleviate bottlenecks, I find, instead… a call for increasing... 9/
... interest rates “a little”. I am not sure that that is wise, given the fiscal contraction that is entrained here in the United States. And I cannot quite follow the logic: Martin Wolf: Inequality Is Behind Central Bank Dilemma <ft.com/content/1b65d2…>... 10/
...2) I think these are, for the most part, exactly the right people whom the Hamilton Project has put on this panel. I do, however, question Doug Holtz-Eakin and Paul Ryan. Holtz-Eakin did his best to try to get Ben Bernanke to slow the pace of recovery for reasons that... 11/
... made no technical macroeconomic sense, and has never satisfactorily explained why. At the very least, his judgment seems to me to be very poor <hoover.org/research/open-…>. And as for former Speaker of the House Paul Ryan…. There are lots of younger, smarter Republicans... 12/
... and conservatives who would talk sense and add intellectual value to a conversation. And I do not see either Holtz-Eakin or Ryan as having any utility in actually getting legislators into any supporting coalition. I might be wrong, but I do want to raise the... 13/
... question: Hamilton Project: Resilience After Recession: The Emerging Landscape for American Workers & Families <hamiltonproject.org/events/resilie…>... 14/
...3) There is a very large fiscal contraction coming down the tracks, targeted at America’s non-rich. It is not at all clear that macroeconomic forecasters optimistic about production and employment are taking full and proper account of it: Asha Banerjee & Ben Zipperer... 15/
...: All Pain & No Gain: Unemployment Benefit Cuts Will Lower Annual Incomes By $144.3 Billion And Consumer Spending By $79.2 Billion <epi.org/blog/all-pain-…>... 16/
...4) No. The American economy was not supply-constrained by “lavish” government benefits. By chip and other shortages, yes. By fear of plague and death, yes. But not by “lavish” government benefits:
Colby Smith & Christine Zhang: End of US’s Extra Unemployment Benefits... 17/
Colby Smith & Christine Zhang: End of US’s Extra Unemployment Benefits... 17/
... Gives Little Boost to Labour Market <ft.com/content/d13b20…>... 18/
...
5) Behind the Republican belief that Black people just happen to make bad choices is blame: either of the culture, or (more often) of the genes—although that is mostly whispered in polite society. Until we can convince the overwhelming majority of Americans that... 19/
5) Behind the Republican belief that Black people just happen to make bad choices is blame: either of the culture, or (more often) of the genes—although that is mostly whispered in polite society. Until we can convince the overwhelming majority of Americans that... 19/
... people are, at bottom, the same, and that groups where “bad choices” are more common arise from structural causes, equitable growth will be a nearly impossible task: Alberto Alesina, Matteo F. Ferroni, & Stefanie Stantcheva: Perceptions of Racial Gaps, Their Causes... 20/
..., & Ways to Reduce Them <scholar.harvard.edu/files/stantche…>... 21/
...6) Very important: a successful movement needs to learn from, listen to, and communicate with the people whom it wants to have as its base—not fund itself via spam: Nelson Minar: ’Just look at this deceptive fundraising spam I got from BOLD Dems <
https://twitter.com/nelson/status/1441441982283272195... 22/
7) The middle-income trap comes for China, specifically for the one billion people in the interior who have the living standards of Peru. “Dual circulation” will require that they make something of value that the rich coastal provinces are willing to pay handsomely for... 23/
... But what could that be?: Scott Rozelle: Invisible China: How the Urban-Rural Divide Threatens China’s Rise <chinatalk.substack.com/p/invisible-ch…>... 24/
...8) Outside my wheelhouse, but this is very, very important indeed. If you have the power to enforce it, the form of words is unimportant save as it reacts back upon your power. But that back-reaction is very, very weak indeed: after the fact, there are lots of people,,, 25/
...who will agree with the form of words used—or who say that they agree with the form of words used—whatever it happens to be:
Ezra Klein: ’There’s a lot of laughing about how implausible this is but coups are ultimately about power. You need something to say, and then... 26/
Ezra Klein: ’There’s a lot of laughing about how implausible this is but coups are ultimately about power. You need something to say, and then... 26/
...you need the power to enforce that reality. This was just the “something to say.” If Trump had the power to enforce it, he would’ve tried it <
https://twitter.com/ezraklein/status/1440088104065372173> 27/END
• • •
Missing some Tweet in this thread? You can try to
force a refresh
