Everything net
Everything relevant to the thought
... Will Jason Furman say "OK, the Fed is following my recommendations?" Will Larry S make a big deal over 3 rate hikes instead of 4? 4/ Planning to devote tomorrow's newsletter to the question of what happens if the Fed is wrong 5/ ...
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... But it isn't 3/ For the most part, taming inflation is now up to the Fed, and there's no hint that this administration (unlike Trump's!) will try to deter the Fed from raising rates if it chooses. ...
... Supply-chain measures may also help, and are continuing 4/ Nor is there any indication that anyone in the admin is considering Nixon-style price controls. ...
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... The use of "owner's equivalent rent" to measure housing costs is easily the CPI component that gets the most attention from skeptics of official inflation statistics. ...
... This @JosephPolitano writeup is invaluable for understanding how this works. https://t.co/mmlaHCOVYW https://t.co/xtCyVhGzZl The use of OER to measure housing costs strikes a lot of people as goofy when they first hear about it. ...
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... If their price is shooting up here it's shooting up elsewhere too. In Europe for example. https://t.co/f6ov0RhQB1 This means we can't blame inflation entirely on Congress or the Fed. If we'd gotten less stimulus, strong demand from other countries would still be making this stuff more expensive. ...
... The same is true of gasoline, which is also shooting up in price. Another implication is that inflation is likely to moderate over the next couple of years. Once a household has bought a dishwasher or a couch, they probably won't buy another one for several years. ...
... It takes a year or two to spin up the capacity, but it's not rocket science. These are also largely global industries, so they won't be constrained by US labor supply. ...
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... temporary controls to break a wage-price spiral that is persisting despite a weak economy — although making that work is so hard that it would be a strategy of last resort 3/ But we don't have a weak economy; we have inflation because we have a booming economy, with supply chains having trouble keeping up ...
... Price controls would just screw up that adjustment. Not all bad ideas come from the right 5/ ...
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... Wage and salary growth still running high, but not *that* high and pace seems to be slowing 1/ https://t.co/1a4025hPpu Couple this with expectations data: expected inflation up a lot for next year but not so much over next 5 years, suggesting consumers expect shock to be temporary 2/ https://t.co/JGj8kRXLhI ...
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... There's a widespread view in inflation hawk circles that the BLS came under political pressure (in the 1990s and maybe before) to modify the CPI to reduced the measured inflation rate and hence reduce how much the government would have to pay in Social Security benefits. ...
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... We've also made a small amount syndicating content to @Slate Prior to launching Full Stack Economics, I did some media consulting work for @shortwave, an email startup run by my brother, and earned $2,400. I offered to do this work for free but he said it was better to pay for legal reasons. ...
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... The mind net is about connecting thoughts and ideas within and between minds. Through these connections and visualizations of them, the mind net aims to unlock new possibilities of human understanding and innovation. ...
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... The mind net aim to make such links bi-directional. ...
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... [The net view](https://www.themind.net/mapItems/Hypothesis/348E44hASHa7AvgODCLkyg/net/?netViewMode=FormalGraph) ...
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... More specifically, a network of ideas, thoughts, propositions, observations, things that live in our minds. Imagine we can connect things in our minds with things in other people's minds. ...
... As explained by the book "Where Good Ideas Come From: The Natural History of Innovation", being able to make connections between ideas in different minds has been critical for human innovations. ...
... Imagine if we have a medium that is specifically designed to facilitate connections between ideas in different minds. This medium is structured but allows easy divergence, multilateral and asynchronous. ...
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... On average, each employee spends at least 1-2 hours a day engaging in meta-thinking: reflecting on their own thinking as well as providing "radically transparent feedbacks" to other people's thinking (including external people visiting the company). ...
... The company provides a suite of software developed by a dedicated team (lead the formal lead of Waston from IBM) and an iPad to everyone just for the purpose of providing feedbacks on each other's thinking. ...
... Feedbacks are recorded real-time during meetings, so all participant can immediately review the feedbacks from their coworkers on how their thinking was during the meeting. ...
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... Alternative: a dedicated user page where other users can search for content authored by that user. ...
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... This is a parallel between what the mind net is trying to achieve - a place that contains factor graphs of thoughts. ...
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