Economic Forces
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[Re-Post] The Treasury Standard
Thinking about the international monetary system
Aug 20
•
Josh Hendrickson
22
5
Hotelling doesn't say what you think it says
Hotelling can also generate complete differentiation
Aug 13
•
Brian Albrecht
82
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
51
3
July 2026
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
GDP and Living Standards
Does GDP Capture Changes in Living Standards? Potential Implications for Our AI Future
Jul 23
•
Josh Hendrickson
65
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
June 2026
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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