The hottest Economic Policy Substack posts right now

And their main takeaways
Category
Top World Politics Topics

Would you rather have cheap energy, or stupid culture wars?

Noahpinion • 38588 implied HN points • 29 Jun 25
🇺🇸 U.S. Politics Energy Policy Economic Policy Trump administration Legislation Public Opinion
  1. The proposed budget bill includes new taxes on solar and wind energy, which could make energy more expensive for Americans. This might hurt the growth of renewable energy sources that could help reduce electricity costs.
  2. By raising taxes on clean energy technologies, the bill could lead to job losses in the rapidly growing renewable energy sector. This is particularly concerning for regions that have benefited economically from these industries.
  3. The bill reflects a broader cultural battle against non-fossil fuel energy. Its supporters seem more focused on ideological beliefs than on economic or environmental benefits, which could have long-term negative effects on energy prices and reliability.

How You Would Prepare for a Financial Collapse in The Near Term

OK Doomer • 176 implied HN points • 02 Mar 25
💰 Finance Investing Economic Policy Personal Finance Market Trends Crisis Management
  1. It's important to prepare for financial uncertainties because the economy can change quickly. Think about what you would need if you suddenly couldn't access your money.
  2. Many people can't just drop everything and move to the woods to escape problems. Most of us have jobs and families, so we need practical solutions for city life.
  3. Consider stocking up on essentials like food and water. Being ready for the unexpected can give you peace of mind in uncertain times.

Economic Collapse & the Post-American World

Glenn’s Substack • 2318 implied HN points • 02 Oct 24
🇺🇸 U.S. Politics Economic Policy International relations Debt crisis Military Strategy Global Trade
  1. The US faces a serious economic crisis due to high debt levels and declining fiscal responsibility. The country has been unable to effectively address these financial issues since the 2008 crisis.
  2. Efforts to boost US competitiveness, like subsidies and sanctions, often backfire and may harm the economy more. In contrast, countries like China are gaining strength by diversifying their economies and forming new partnerships.
  3. As the US struggles, other countries are building a new economic system that doesn't rely on America. This shift might create a world where multiple powers coexist, rather than one dominant force.

Announcing the Center for Land Economics

Progress and Poverty • 2655 implied HN points • 24 Feb 25
🇺🇸 U.S. Politics Housing policy Economic Policy Nonprofit Public Policy
  1. The Center for Land Economics is a new nonprofit formed to tackle the housing crisis using specific economic principles. They aim to provide data-driven solutions and policy analysis for better land management.
  2. There will now be a weekly blog post schedule to share updates on land value tax and housing policies. This blog will serve as a central place for discussions on these important topics.
  3. An open-source software library for land assessments will be released soon. This tool will help improve the accuracy of property valuations, making it easier for communities to work on land-related issues.

Reading List 05/24/25

Construction Physics • 7724 implied HN points • 24 May 25
💼 Business Remote work Infrastructure Technology Real Estate Economic Policy
  1. Tulsa is attracting remote workers by offering $10,000 to new residents, which helps local businesses and encourages tech company growth.
  2. A tornado in St. Louis caused massive damage, destroying thousands of buildings and resulting in multiple fatalities due to sirens not sounding.
  3. In Shenzhen, stolen iPhones from around the world are often broken down and sold for parts, highlighting a global issue of theft and recycling.
Get a weekly roundup of the best Substack posts, by hacker news affinity:

Gov. Gretchen Whitmer joins the boys and men party

Of Boys and Men • 465 implied HN points • 27 Feb 25
🇺🇸 U.S. Politics Governance Education Gender Issues Economic Policy
  1. Governors are starting to focus on the challenges young men face today. They are discussing issues like housing and education that especially impact young men.
  2. Gretchen Whitmer highlighted specific gender gaps in home buying and education in her recent speech. She plans to take action to help increase men's participation in higher education.
  3. This is a significant move from a female leader known for advocating women's rights. It shows that improving opportunities for both genders is important and not a competition.

Make America Gilded Again

Campaign Trails • 5064 implied HN points • 04 Oct 24
🇺🇸 U.S. Politics Political History Campaign strategies Economic Policy Social movements Populism
  1. Many people support Trump's idea of making America great again, but it's mostly based on nostalgic feelings about the past. They often don't really specify what that 'great' time is.
  2. Trump's idea seems to relate to the 1890s, a time known for wealth for a few and poverty for many. Most people were struggling to get by while a small number of rich people thrived.
  3. The 1890s also had serious issues with racism and restrictions on people's rights. For many, that period was quite harsh, showing that Trump's vision might not be good for everyone.

Goldman Sachs Thinks We Will Have A Decade-Long Bear Market — I Disagree With Them

The Pomp Letter • 839 implied HN points • 22 Oct 24
💰 Finance Investments Market Trends Economic Policy Debt Management Predictions
  1. Goldman Sachs predicts a long bear market for the next decade, but some believe we're actually in a bull market. Data suggests stocks could do well in the near future.
  2. The U.S. is facing a significant increase in national debt, which affects the economy. This surge in debt could lead to currency devaluation.
  3. Long-term, the impact of currency debasement will overshadow other economic factors, like stock valuations. It’s important to stay aware of these financial trends.

Supermarket Tycoon Warns He’ll Close Down Shops if Mamdani Wins

Common Sense with Bari Weiss • 1641 implied HN points • 18 Jun 25
🇺🇸 U.S. Politics Elections Governance Political Leaders Public Opinion Economic Policy
  1. Business leaders are concerned about the impact on the economy if Zohran Mamdani becomes mayor. They worry that losing wealthy individuals could harm the city's tax revenue.
  2. John Catsimatidis, a prominent businessman, indicated he might move his business out of New York if Mamdani wins. He feels that a change in leadership could make New York less favorable for business.
  3. Some business owners are seriously considering relocating to avoid the policies of a socialist mayor, suggesting that political decisions can greatly affect business operations and residents' livelihoods.

Trump starts to break things

Noahpinion • 74295 implied HN points • 02 Feb 25
🇺🇸 U.S. Politics Economic Policy Tariffs Trade Relations Political Analysis International relations
  1. Trump's new tariffs on Canada and Mexico could raise prices for American consumers. These tariffs might hurt people's wallets and lead to higher costs for everyday goods.
  2. The tariffs may disrupt American manufacturers' supply chains, making it harder for them to compete. This could lower the production efficiency of U.S. companies that rely on imports from these countries.
  3. There is uncertainty about the impact of these tariffs on trade relations. If Trump keeps them in place, it could harm relationships with allies and create economic instability.

The Secret Story of Nordic Prosperity

Erik Examines • 582 implied HN points • 27 Jun 25
🇺🇸 U.S. Politics Economic Policy Social Welfare Political Ideologies International relations
  1. Nordic countries became prosperous through a mix of free-market capitalism and strong government involvement. They focused on creating policies that combined economic efficiency with social benefits.
  2. Socialism has played a significant role in the Nordic model, fostering cooperation among citizens and promoting corporate democracy, which allows workers to have a say in how companies are run.
  3. While Nordic countries are often seen as similar to the U.S., they have unique characteristics, like government control over key resources and industrial planning, that differentiate their economic success from purely capitalist systems.

Bigger State Doesn’t Mean Bigger Bureaucracy

Erik Examines • 358 implied HN points • 30 Jun 25
🇺🇸 U.S. Politics Bureaucracy Public Services Economic Policy Welfare state
  1. A bigger government doesn't always mean more bureaucracy. Sometimes, more money just flows through the same systems without needing extra workers.
  2. Smaller governments can create more confusion by pushing tasks to local groups or private companies, leading to more regulations and complexity.
  3. Clear standards and smart designs in government can help manage complexity better than just trying to shrink the size of the state.

America is being sold out by its leaders

Noahpinion • 53471 implied HN points • 21 Feb 25
🇺🇸 U.S. Politics Foreign Policy Political alliances Economic Policy National Security
  1. There is a concern that America's leaders are making choices that could weaken the country, particularly in foreign relations. If the U.S. were to focus on itself and ignore global involvement, some believe it could hurt its standing in the world.
  2. Some political figures think their vision aligns better with countries like China and Russia than with traditional allies. This shift could lead to a more isolationist approach, where the U.S. limits its international influence.
  3. People worry that the U.S. might reduce military strength and abandon industrial policies, which could harm the economy. Cutting defense spending and focusing on raw materials rather than manufacturing could make the country rely more on other nations.

BRICS Develops a Multipolar Economic Architecture

Glenn’s Substack • 1099 implied HN points • 20 Sep 24
🌍 World Politics International relations Global Economy Geopolitics Economic Policy
  1. BRICS is working to create a new economic system that doesn't depend on the US. This means countries can trade and cooperate without worrying about US control.
  2. There is a strong desire among countries to join BRICS and work together to trade in their own currencies instead of the US dollar. This could help protect their economies from US influence.
  3. BRICS aims to foster connections between diverse nations, including rivals, to manage political issues through economic collaboration, rather than division. This could lead to a more cooperative global environment.

Tariffs, Chaos, & the G6: I Watch Adam Posen as an Eloquent Cassandra on the Economic Wages of Pluto-Populist Trade-Policy Folly

Brad DeLong's Grasping Reality • 269 implied HN points • 18 Jun 25
🇺🇸 U.S. Politics Trade policy Economic Policy Populism Tariffs International relations
  1. Tariffs can harm regular American families by increasing prices and creating uncertainty. They may seem like a good idea to support local industries, but they often backfire.
  2. The U.S. is becoming more isolated in global trade because of unpredictable policies. Other countries will easily find new trade partners, leaving the U.S. at a disadvantage.
  3. The chaos caused by tariffs leads to significant financial burdens on lower-income households. The overall economic impact will hurt many people, especially those with less money.

Discounting the Future: Financial Markets, Memory, & the Mirage of ‘Normal’

Brad DeLong's Grasping Reality • 192 implied HN points • 19 Jun 25
💰 Finance Market Trends Interest Rates Central Banking Economic Policy Investment Strategies
  1. Financial markets are uncertain right now, with discount rates showing anxiety about growth and policy directions. It's a confusing time that could lead to either growth or recession.
  2. The Federal Reserve is divided on its future rates, indicating a cautious approach as they wait for more data. Mixed opinions exist about how to respond to inflation and economic conditions.
  3. The concept of a 'normal' economy has changed significantly since the 1990s. Today, interest rates and inflation are at levels that do not align with past expectations, leading to a new financial landscape.

THE SHOW NOTES: Hurricane Milton, DeSantis Blasts Harris, & Kamala's Economic Problem

Erick Erickson's Confessions of a Political Junkie • 899 implied HN points • 10 Oct 24
🇺🇸 U.S. Politics Elections Political issues Economic Policy Public Opinion Disaster Management
  1. Hurricane Milton hit Florida and caused power outages for over 3 million people, but the damage was less severe than expected.
  2. The economy is the biggest concern for voters, with many preferring Donald Trump over Kamala Harris for handling economic issues.
  3. Inflation is rising, with food and shelter costs playing a big role, creating more challenges for Harris as the election approaches.

Manufacturing is a war now

Noahpinion • 45765 implied HN points • 04 Dec 24
🇺🇸 U.S. Politics Manufacturing Trade policy Defense Strategy International relations Economic Policy
  1. Manufacturing is becoming a major struggle between countries, especially between democracies and China. If a conflict arises, it could lead to serious consequences for those not producing enough weapons.
  2. China is rapidly increasing its production capabilities across various industries, including military manufacturing. As a result, other countries are facing challenges in competing against China.
  3. Both major political parties in the U.S. are not fully addressing the manufacturing threat from China. A more balanced strategy involving tariffs, industrial policies, and collaboration with allies is needed to tackle this issue.

Anti-anti-neoliberalism is also not enough

Noahpinion • 21059 implied HN points • 12 Feb 25
🇺🇸 U.S. Politics Economic Policy Democratic Party Progressivism Neoliberalism Elections
  1. The Democratic party is currently trying to find a strong message after a big election defeat. They need a clear economic policy to connect with voters.
  2. New progressive economics is gaining support, focusing on things like healthcare subsidies, strong union support, and taxes on wealthy individuals. However, it faces criticism for not being popular enough.
  3. Despite some successes, Biden's economic policies need adjustments. It's important to learn from his administration while also being open to new ideas outside of traditional economic approaches.

✨⏩ JD Vance offers an accelerationist AI vision in Paris

Faster, Please! • 548 implied HN points • 11 Feb 25
🇺🇸 U.S. Politics Populism Technology AI Policy Economic Policy International relations
  1. JD Vance spoke about how technology can empower workers instead of taking their jobs away. It's important to focus on how AI can help people do their jobs better.
  2. He emphasized the need for more support in areas that are less technologically advanced. Investing in the heartland can help create a balanced economy.
  3. Vance's speech addressed the idea of balancing innovation with careful development. It's crucial to ensure that the rapid growth of AI doesn’t lead to negative social impacts.

On the Political Economy of Mendacity in 21st Century America

Brad DeLong's Grasping Reality • 330 implied HN points • 10 Jun 25
🇺🇸 U.S. Politics Political Analysis Economic Policy Media Critique Immigration Policy Forecasting
  1. Economic analysis can sometimes feel like a performance rather than a serious discussion. People in media might act like they believe things that aren't true.
  2. Immigration can boost a country's economy, but some policies can slow down growth. If certain negative policies continue, economic growth could be very low.
  3. Even when people know the truth about economic issues, they still might not say it. This creates a situation where misleading information can seem credible.

Disinflation is here: But it's not the kind we want!

COVID Reason • 376 implied HN points • 14 Oct 24
💰 Finance Economics Inflation Federal Reserve Economic Policy
  1. Disinflation means prices are rising more slowly, but that doesn't always mean good news. If people aren't spending because they can't afford things, it can signal trouble in the economy.
  2. The Federal Reserve may lower interest rates in response to disinflation to try and encourage spending, but this might just be a way to show they are doing something without fixing the deeper issues.
  3. Sticky prices and disinflation can show that people are struggling financially. For a healthy economy, we need wages to rise so people can spend more, rather than just seeing temporary price drops.

Asking Rents Mostly Unchanged Year-over-year

CalculatedRisk Newsletter • 38 implied HN points • 02 Jul 25
💰 Finance Housing Market Economic Policy Real Estate
  1. Asking rents have mostly stayed the same over the past year. While there have been slight month-to-month increases, overall rent growth has slowed down.
  2. Different sources report varying trends in rents, with some noting recent decreases while others show modest increases. This suggests that the rental market is a bit mixed right now.
  3. Factors like increased supply of rental units and changing immigration policies are affecting rents. These influences may continue to shape the rental landscape throughout the year.

Strategic Funds

Points And Figures • 692 implied HN points • 05 Feb 25
💰 Finance Investment Economic Policy Taxation Cryptocurrency Government spending
  1. The idea of a Strategic Wealth Fund (SWF) and a Strategic Bitcoin Reserve (SBR) is seen as bad because they could go against individual freedoms and lead to misuse of taxpayer money.
  2. Government can't truly invest money; it can only spend what it collects from taxes or borrows. This means investments made by the government aren't genuine investments.
  3. Bitcoin is still mostly potential and hasn't proven its real-world value. Critics argue that despite years of development, it lacks practical uses in everyday life.

The Pettis Paradigm and the Second China Shock

Noahpinion • 16059 implied HN points • 16 Jan 25
💰 Finance International Trade Macroeconomics Economic Policy
  1. China has a large trade surplus, which is complex and not solely based on traditional economic theories. Many think its economy is getting help through government loans and subsidies.
  2. There are many opinions on how to deal with China's trade practices, especially the idea of using tariffs. Some believe that tariffs can help change China's focus from exporting to better domestic consumption.
  3. Economics is complicated, and experts often disagree on how to fix trade issues. Current solutions might not work as intended, and some past policies have not improved the situation as hoped.

The Trump EO on Grant Payments

Points And Figures • 959 implied HN points • 29 Jan 25
🇺🇸 U.S. Politics Executive orders Government spending Economic Policy
  1. Many states and cities are worried about funding due to Trump's Executive Order on grant payments. They are concerned about how they will manage their budgets.
  2. A lot of government money goes to projects that might not be necessary or useful. There's a big issue with wasteful spending, which affects those who genuinely need support.
  3. Startups, especially in the medical field, are worried about losing funding because of this order. It makes it harder for them to develop new treatments and grow their businesses.

Getting to the Fun Part

The Transcript • 139 implied HN points • 21 Oct 24
💰 Finance Market Trends Economic Policy Consumer behavior Investment Strategies Corporate Finance
  1. The economy is showing signs of resilience, with positive movements even though growth isn't super strong. People are feeling more optimistic about things improving.
  2. A drop in interest rates could lead to more business activity and investment. However, experts believe we might need more rate cuts for that to happen.
  3. Consumers are cautious but still spending. Overall, the job market remains steady, and many are waiting to see how upcoming events affect the economy.

Investing Update: Hedge Fund Buys & Holdings

Spilled Coffee • 36 implied HN points • 01 Mar 25
💰 Finance Investing Market Trends Stock Analysis Economic Policy Hedge Funds
  1. The stock market has seen a decline, with major indices like the S&P 500 and Nasdaq dropping significantly this week. This means investors have lost some of their gains for the year.
  2. Many big-name stocks have dropped more than 20% from their highs, indicating a possible bear market. This trend affects nearly a third of S&P 500 stocks.
  3. Despite recent volatility, it's common after elections, and the overall bull market isn't in danger. Companies are still reporting strong earnings, suggesting a slight pullback is normal.

Huang Frankenstein

Dana Blankenhorn: Facing the Future • 79 implied HN points • 24 Oct 24
🇺🇸 U.S. Politics Election Integrity Authoritarianism AI Ethics Political Ideologies Economic Policy
  1. Some technologists believe they can create a world where people aren't needed, which raises concerns about everyone's role in society.
  2. There is a mindset that defines a person's value mainly by their monetary contribution, ignoring the importance of art and idealism.
  3. Political and technological systems should serve people, ensuring their safety and happiness, rather than just focusing on control and profit.

Infographics: The Shadow Cash Market

Concoda • 313 implied HN points • 28 May 25
💰 Finance Investments Market Trends Economic Policy Financial Instruments Cash Flow
  1. The shadow cash market involves various types of private transactions that are not easily tracked or regulated. This means that a lot of money moves around without official oversight.
  2. Overall, the liquidity in this market can act like bonds, providing a kind of security and stability for those involved. It’s an alternative way to manage and access funds.
  3. Understanding this market is important as it has impacts on the economy. It helps people see how money flows in ways that aren’t always visible.

So... When Does The Economy Crash?

OK Doomer • 191 implied HN points • 17 Feb 25
💰 Finance Economy Market Trends Investments Economic Policy
  1. Many experts are predicting an economic crash, but no one knows exactly when it will happen. People are worried about the potential impact of technology and global events.
  2. A lot of individuals are tied to their investments, making it hard for them to react quickly to market changes. Most people can't just sell off their stocks easily because of employer-based retirement plans.
  3. There’s a mix of genuine concern and opportunism in the market around impending crashes, with some people genuinely preparing and others just trying to sell fear-based products.

Macroeconomics: The predator of foolish regimes

Noahpinion • 19353 implied HN points • 19 Dec 24
💰 Finance Macroeconomics Debt Management Economic Policy Socialism
  1. Bad economic decisions, like keeping currency overvalued or borrowing too much in foreign currency, can lead to big problems for any government. This can happen regardless of whether a country is socialist or capitalist.
  2. Countries often face different types of economic crises. For example, some might deal with inflation while others face deflation, and they need to respond differently to fix these situations.
  3. Leaders who think they can control the economy through micromanaging are usually getting it wrong. Big economic problems need big-picture solutions.

The True Jobs Numbers

COVID Reason • 495 implied HN points • 05 Oct 24
🇺🇸 U.S. Politics Economic Policy Job Market
  1. The Bureau of Labor Statistics (BLS) collects employment data from two main sources: one from employers about job numbers and another from households about overall employment. These two surveys can show different job growth trends.
  2. Recent job growth numbers claimed a large increase, but much of this was due to seasonal adjustments, masking significant job losses in the private sector.
  3. Most of the jobs added recently were actually government jobs. When looking at unadjusted data, there were a lot more government job increases than private sector jobs.

The US Is Not Broke

Doomberg • 6730 implied HN points • 13 Feb 25
💰 Finance Economic Policy Fiscal Responsibility Investment strategy Debt Management
  1. The US has a very high level of public debt, but the situation is not as hopeless as it sounds. There's still a lot of flexibility in managing this debt.
  2. Experts suggest the US might be in a state of 'fiscal dominance,' meaning traditional monetary policies might not work effectively anymore. This makes managing the economy tricky.
  3. The current administration has experience with managing debt and can take steps to improve the financial situation. The President has options to deal with the debt and is not completely stuck.

Everyone Is Wrong About the President's Economic Impact

Sumit's Investment Takes • 99 implied HN points • 22 Oct 24
🇺🇸 U.S. Politics Economic Policy Inflation Unemployment Policy Analysis
  1. There isn't just one number that shows how good or bad the economy is. You can look at things like unemployment, inflation, and GDP, but they all tell different stories.
  2. The president's actions don’t usually have an immediate effect on the economy. Many factors that affect the economy are outside their control, like market trends and global events.
  3. To really understand a president's impact on the economy, you should look at long-term policies instead of short-term data. Also, things like immigration and international relations can play a big role.

How does a 63% premium sound?

Alex's Personal Blog • 65 implied HN points • 24 Feb 25
💰 Finance Investments Market Trends Mergers & Acquisitions Corporate Finance Economic Policy
  1. Prosus is buying Just Eat for $4.3 billion, which is a huge 63% more than what it was worth before the deal. This shows a big jump in value but raises some questions among investors.
  2. Just Eat's growth has slowed down recently, with a slight drop in global revenue. This makes some people think the deal might not be a good bargain for Prosus.
  3. The Christian Democratic Union in Germany has won a recent election and plans to lower taxes and cut regulations. They're also focusing on energy policies and digital innovation, which could reshape Germany's economy.

What Trump gets wrong about US power

Nonzero Newsletter • 384 implied HN points • 07 Feb 25
🇺🇸 U.S. Politics Political strategy International relations Economic Policy Environmental Policy AI safety
  1. Trump's approach to tariffs risks damaging long-term US power. Countries are already looking to trade more with others instead of relying solely on the US.
  2. The era of American economic dominance is fading as other nations form stronger trade ties. This change means the US may lose influence if it doesn't adapt.
  3. Competition between AI companies may lead to less thorough testing of new models. This rush could create safety issues with powerful AI technologies becoming available too quickly.

Brace Yourselves: The Jobs Market Is Teetering on the Edge

COVID Reason • 475 implied HN points • 03 Oct 24
🇺🇸 U.S. Politics Labor Market Economic Policy Employment Trends Federal Reserve Consumer confidence
  1. Hiring is way down and fewer jobs are being created. This shows that companies are worried about the future.
  2. People are not leaving their jobs as much because they feel the job market is risky. They prefer to stay where they are to avoid unemployment.
  3. The Federal Reserve is taking actions like cutting rates, but these steps won't fix the deeper problems in the job market that stem from lower demand for goods and services.

Only Socialism Can Fix This (Gestures to The American Hellscape)

JoeWrote • 139 implied HN points • 18 Feb 25
🇺🇸 U.S. Politics Political theory Economic Policy Labor Rights Socialism Capitalism
  1. America needs more than just minor repairs; it needs a complete rethink of how power and wealth are distributed. Simple fixes won't stop the rise of aggressive capitalism.
  2. The New Deal helped many but didn't end the dangers of capitalism, which still threaten social programs like Medicare and Social Security.
  3. We must not only push for useful social policies but also ensure that the systems allowing wealth concentration are dismantled to protect those policies for the future.

Why targeted tariffs are more effective than broad tariffs

Noahpinion • 16882 implied HN points • 18 Nov 24
🇺🇸 U.S. Politics Trade policy Economic Policy Tariffs Supply Chains International relations
  1. Targeted tariffs focus on specific industries or products, helping to reduce dependence on foreign sources like China for critical goods, such as batteries.
  2. Broad tariffs can create problems by raising costs for American manufacturers, making them less competitive against foreign companies, which may worsen trade deficits.
  3. To effectively improve trade balances, policies should avoid broad tariffs and instead concentrate on targeted measures that do not negatively affect American industries.