Economic Forces
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[Re-Post] The Treasury Standard
Thinking about the international monetary system
Aug 20
•
Josh Hendrickson
23
5
Hotelling doesn't say what you think it says
Hotelling can also generate complete differentiation
Aug 13
•
Brian Albrecht
84
4
8
Mr. Bessent and the Yen
Why is the U.S. intervening to boost the value of the yen?
Aug 11
•
Josh Hendrickson
30
1
Losers and Welfare
What is the relevant welfare criterion for economic analysis?
Aug 6
•
Josh Hendrickson
52
3
What will happen to Mamdani's grocery stores?
It's not a price control, but the usual transaction cost economics apply
Jul 30
•
Brian Albrecht
120
26
20
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Econ 101 is wrong about tariffs
Oct 31, 2024
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Brian Albrecht
582
4
105
You are not a horse
May 7
•
Brian Albrecht
592
1
106
High tariffs didn't make the U.S. rich in the 19th century. They won't this time.
Apr 7, 2025
•
Brian Albrecht
78
13
What Price Theory Is And Is Not
Nov 13, 2025
•
Josh Hendrickson
217
3
36
And the 2025 Economics Nobel Goes to...
Oct 13, 2025
•
Brian Albrecht
225
5
46
Prices are signals (and politicians keep shooting the messenger)
Mar 6, 2025
•
Brian Albrecht
195
22
40
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Discussions
GDP and Living Standards
Does GDP Capture Changes in Living Standards? Potential Implications for Our AI Future
Jul 23
•
Josh Hendrickson
66
6
[Re-Post] What (and who) in the world are we trying to tax when we tax corporate income?
Inside the wild world of corporate tax theory
Jul 16
•
Josh Hendrickson
39
4
Where the returns to AI go
The scarce resource earns the rents. So what remains scarce?
Jul 9
•
Brian Albrecht
136
11
AI Policy and National Defense
How should we think about national security concerns and AI?
Jul 2
•
Josh Hendrickson
29
2
2
Never Reason from an Accounting Identity, Redux
Economic confusion all around
Jun 18
•
Brian Albrecht
86
3
7
Externalities, Pigouvian Taxation, and Optimal Policy
Are Pigouvian Taxes Actually Optimal Solutions to Externalities?
Jun 11
•
Josh Hendrickson
53
6
9
A compute tax is a REALLY dumb idea
People are freaking out about AI. That doesn't mean a random tax is a good idea.
Jun 4
•
Brian Albrecht
117
13
19
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