No Planet Money! Not the Fake Graph! You can't compare mean productivity to median wages. When we do compare mean to mean, the gap disappears. Real median wages are not stagnating either. We need accurate data to solve today's very real problems. NPR's Planet Money

The Risk of Higher U.S. Inflation in 2026 In which Peter Orszag and I set out the reasons we are convinced that US inflation will be much higher this year than most forcasts. New analysis from Peterson Institute and Lazard linkedin.com/pulse/risk-hig…

A very important speech by Mark Carney (17 minutes well spent if you have the time to listen). Open eyed, with a concrete, positive, strategy for what he calls the "middle countries" in a world of hegemons. Feels good to hear.

Poland now has more gold than the European Central Bank. The Polish Central Bank has decided to increase its gold reserves from 550 to 700 tonnes, which would make Poland country with the 10th largest gold reserve in the world. 🇵🇱

too close to home :((

Remember, an economist is someone who can tell you tomorrow why the thing that he said yesterday will happen today didn't happen. Joking aside, predictions are actually very difficult. As always Olivier Blanchard makes an astute point, which improves our ability to be right next time

who could have thunk?

AI is Awesome. Made a song for all the #cryptobros suno.com/s/xmT3ryljzWBo…

Completely false from an Econ perspective. Added financial instruments don't destroy the underlying or its market. Obviously, can increase short term fluctuations but ultimately helps market long term. As far as price discovery, Crypto has always been & will always be guesswork.

Crypto fans starting to say things like "#Bitcoin is offensive; #Gold is defensive." Except, if BTC isn't defensive then it isn't offensive either.

BREAKING: Footage from Tucker Carlson’s ‘interrogation’ has emerged. - This is VIP security - He signs a document - Smiles - Hugs the airport security member - Smiles for a photo - Cracks a few jokes - Leaves within 5 seconds Tucker Carlson is a total fraud.

memento

The war will end Tuesday, except for Jerusalem and other walled cities, which will end the war on Wednesday.