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Price controls: Too early for a victory lap
Narrative-driven triumphalism does not make for sound policy.
18 hr ago
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Noah Smith
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Price controls: Too early for a victory lap
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The reverse OPEC maneuver
Pricing power in the oil industry is shifting, and will shift more.
Jun 8
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Noah Smith
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The reverse OPEC maneuver
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At least five interesting things to start your week (#2)
Useless student loans, the U.S. factory-building boom, middle-aged Millennials, opportunity for the poor, and limits to AI
Jun 6
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Noah Smith
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At least five interesting things to start your week (#2)
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In which David Sacks and Balaji raise a false alarm about the jobs numbers
The government numbers are not fake. They're just noisy.
Jun 5
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Noah Smith
195
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In which David Sacks and Balaji raise a false alarm about the jobs numbers
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Real estate is China's economic Achilles heel
It's the country's biggest engine of growth an employment, financial asset, and source of government revenue.
Jun 2
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Noah Smith
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Real estate is China's economic Achilles heel
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Where does libertarianism go from here?
Deregulation, state capacity, and growth-oriented centrism.
Jun 1
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Noah Smith
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Where does libertarianism go from here?
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May 2023
At least five interesting things to start your week
Nvidia's triumph, "greedflation", public housing, Atlanta vs. Los Angeles, and what the UK gets right
May 30
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Noah Smith
154
105
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At least five interesting things to start your week
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The debt ceiling deal: What was the whole point?
A manufactured crisis leads to an ineffectual "solution"
May 28
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Noah Smith
225
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The debt ceiling deal: What was the whole point?
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Is immigration raising rents in America?
No, but in a few big cities it might be.
May 26
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Noah Smith
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Is immigration raising rents in America?
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Where China is beating the world
On high-speed rail, EVs, and solar, China is doing truly amazing things.
May 25
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Noah Smith
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Where China is beating the world
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Degrowth: We can't let it happen here!
We won't help the environment or the poor by valorizing poverty and decline.
May 24
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Noah Smith
180
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Degrowth: We can't let it happen here!
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Decoupling is just going to happen
Chinese policy and geopolitical risk are doing a lot of the work here.
May 22
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Noah Smith
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Decoupling is just going to happen
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