Great discussion of the “Messy Job” book by @lugaricano.bsky.social et al with @annastansbury.bsky.social and @adamposen.bsky.social. I loved the combination of elegant price theory (Garicano) and a labour-econ perspective on power (Stansbury). www.youtube.com/live/uqtSXxX...
This is a really super analysis of US wage trends since 1982, all in clear English and simple charts. Well worth a read by everyone. Very solid on the facts and I largely agree with the interpretations
open.substack.com/pub/agglomer...
NEW in @foreignaffairs.com
China Still Has What America Needs:
The Trump-Xi Summit Gives Washington a Chance to Buy Time
by @adamposen.bsky.social
Gift Link: www.foreignaffairs.com/guest-pass/r...
Last year’s Trump-Xi summit “taught a useful lesson: no amount of bilateral trade-related threats or exclusion from the U.S. economy would give the United States an easy win over China,” writes @adamposen.bsky.social. “Washington needs time to reduce its dependence on Beijing.”
This piece by my brilliant @piie.com colleage @adamposen.bsky.social may be the first time you have seen the United States described accurately as what its ruling regime has quickly made it: a "lesser power".
Thank you @joshbusby.bsky.social
This piece from @adamposen.bsky.social on how the US should try to use the Trump-Xi meeting to buy itself some time on derisking is smart. www.foreignaffairs.com/china/china-...
Looking forward to discussing @lugaricano.bsky.social fantastic book Messy Jobs tomorrow @piie.com with @adamposen.bsky.social
I think it’s one of the best frameworks we have to think about how AI is going to affect work. (And it’s superbly written, too).
Livestream:
Live webcast 1p ET with Luis Garicano and Anna Stansbury
Book discussion: Messy Jobs: The Work that AI Cannot Reach @piie.com
Live at 9a ET streaming event! Exciting and new!
The Trump-Xi summit and possible future of US-China economic relations
Me with Chad Bown, Yeling Tan, Marcus Noland
www.piie.com/events/2026/...
“The irony of the guy working for Soros and [Stanley] Druckenmiller who broke the Bank of England back in ’92 pretending that you can do FX intervention alone, and lastingly defend a currency, is just amazing.” - @adamposen.bsky.social www.ft.com/content/1be8...
Interesting: Adam Posen Thinks Things Could Get 'Messy' for the Fed | Odd Lots www.youtube.com/watch?v=8up4...
Particularly interesting is the discussion about "messy jobs" at 42:56. Think the "true" impact of AI, overestimation of the tech, etc.
@kansascityfed.bsky.social @adamposen.bsky.social
New podcast! Glad to be on Odd Lots again from Jackson Hole. Thanks Joe and Tracy!
We spoke about the Fed and its new Chair, US inflation, Treasuries and the US Treasury, AI impact on the macroeconomy, AI impact on economists, and what makes for dissent in central banks
youtube.com/playlist?lis...
Talking with Scott Tong (5 minutes) on what the G20 and Bessent have to do with higher interrest rates, and what it means for US households @npr.org @hereandnow.bsky.social
My latest interview @bloomberglp.bsky.social
Fed will hike in 2025H2 - unless Trump Admin overdoes tariffs and deportations to cause recession. More likely we get inflation from tax cuts, tariffs, and reduced migration.
Thanks @ferrotv.bsky.social @lisaabramowicz.bsky.social
x.com/bsurveillanc...
