You can make a career by always predicting an economic crisis. Peter Schiff and Steve Keen spew fear for profit. The formula works. Criticize "mainstream econ" and say a crisis will come. Watch the views roll in. What can we do about it?
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Gov Debt is a problem. Who caused it? Republican tax cuts? Unfunded boomer entitlements? With Social Security trust fund running out in less than 6 yrs, current Senate candidates will have to make unpopular decisions.
Inflation coming in hot! 1. Some is old news, gasoline prices may have peaked in mid May. 2. But Core PPI, which nets out gas prices is trending up. Still reason for concern.
Who would have guessed five years ago that Journalism (2.3%) would have a far lower unemployment rate than Computer Engineering (7.8%)? Economics is highest paid non-engineering major, but with generally better unemployment. An early career med wage of $72k w/ unemp of 3.5%.
EconChrisClarke
Some nice news this fine Friday!
Thank you to many who have helped me and gone out of their way. We're all a product of a community of support.
Will Mamdani's government grocery stores solve food deserts? Maybe there is a supply side market failure. Or maybe the nutritional inequality is caused by demand. The research has a clear answer.
#equality #economy #economics #data #newyorkcity
youtu.be/g5_ylYcrocw?...
Link to Paper:
digitaleconomy.stanford.edu/publication/...
"We haven't seen a 1%-month spike in inflation for years. Will the Fed respond by raising rates? Their tools focus on the demand side. Oil is an input to production; ie supply side. The Fed can't do much about that."
Full Interview Here @cgtnamerica.bsky.social
www.youtube.com/watch?v=JFeD...
EconChrisClarke
I think we now have real evidence that AI exposure is associated with job decline for age <25. The Canary in the Coalmine paper addresses a lot of concerns. While economic science takes time; now is the time to think about policy responses.
youtu.be/Q2qzjBlk_3w?...
Big worries in today's Inflation Report. While oil drives the bulk of the increase, we are seeing signs of broader inflation. As @Mike Konczal notes, tariffs affects are still present. Real wages wiped out year long gains in just 60 days.
#economy #gasprices #wallet #economics #data
