“Economics Roundup #3” by Zvi

I am posting this now largely because it is the right place to get in discussion of unrealized capital gains taxes and other campaign proposals, but also there is always plenty of other stuff going on. As always, remember that there are plenty of really stupid proposals always coming from all sides. I’m not spending as much time talking about why it's awful to for example impose gigantic tariffs on everything, because if you are reading this I presume you already know.

The Biggest Economics Problem

The problem, perhaps, in a nutshell:

Tess: like 10% of people understand how markets work and about 10% deeply desire and believe in a future that's drastically better than the present but you need both of these to do anything useful and they’re extremely anticorrelated so we’re probably all fucked.

In my world the two are correlated. If you [...]

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Outline:

(00:31) The Biggest Economics Problem

(02:30) No Good Very Bad Capital Gains Tax Proposals

(14:13) Hot Tip

(17:11) Gouging at the Grocer

(20:08) Noncompetes Nonenforcement Cannot Compete With Courts

(20:42) We Used to Be Poor

(25:13) Everywhere But in the Productivity Statistics

(26:32) They Don’t Make ‘Em Like They Used To

(30:29) Disclosure of Wages Causes Lower Wages

(32:30) In Other Economic News

(36:50) The Efficient Market Hypothesis is (Even More) False

The original text contained 4 images which were described by AI.

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First published:
September 10th, 2024

Source:
https://www.lesswrong.com/posts/cc9fXQLzAc52kMBHx/economics-roundup-3

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Narrated by TYPE III AUDIO.

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