The hottest Economy Substack posts right now

And their main takeaways
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The Media's Mental Gymnastics Before Election Day

Erick Erickson's Confessions of a Political Junkie • 1159 implied HN points • 02 Nov 24
🇺🇸 U.S. Politics Media Elections Public Opinion Political Commentary Economy
  1. The media often interprets statements from public figures differently depending on their political stance. They might exaggerate comments from one side while downplaying those from another.
  2. There have been significant issues with job growth lately, with reports showing a very low number of jobs created. Most of the new jobs have been in government, which doesn't help the overall economy much.
  3. As the election approaches, media coverage tends to focus on distractions instead of important economic issues. This affects how voters perceive the situation.

VINDICATED! (sadly). The govt can no longer hide the decline in jobs

COVID Reason • 812 implied HN points • 01 Nov 24
🇺🇸 U.S. Politics Employment Economy Government Labor Market Public Policy
  1. Job losses in the private sector are alarming, with 28,000 jobs lost, especially in manufacturing and retail. This shows a real problem in the economy.
  2. Government jobs increased by 40,000, which may cover up serious issues in other job sectors. This is a sign the economy isn't as strong as it looks.
  3. The labor force is shrinking, with many not participating anymore and unemployment rising. This trend is not sustainable and needs urgent attention.

How Trump will actually turn America into the 'garbage can of the world'

The Signorile Report • 1478 implied HN points • 31 Oct 24
🇺🇸 U.S. Politics Elections Economy Policy Government Media
  1. If Trump wins, he may give Elon Musk the power to cut $2 trillion in federal spending, which could hurt many Americans by affecting key programs like Social Security and Medicare.
  2. Companies are getting ready to raise prices due to Trump's planned tariffs on foreign goods, which could add to inflation just as it starts to ease.
  3. Overall, Trump's policies might undo the strong economy built during Biden's presidency, potentially turning the U.S. into a less favorable place for everyday people.

Trump's economy is already in trouble

Noahpinion • 22765 implied HN points • 14 Feb 25
🇺🇸 U.S. Politics Economy Policy Debt Inflation Presidential politics
  1. The economy often struggles under Republican presidents, leading to a pattern where Democrats are elected to fix it. This cycle shows that economies tend to recover when Democrats take over.
  2. Trump's incoming policies might worsen inflation and not help the economy, despite some indicators suggesting the economy is strong. This could lead to significant economic disappointment.
  3. The national debt is becoming a serious concern again as interest rates rise. This makes paying off that debt much more expensive than before, impacting the government's finances.

In the Light of Victory, He Himself Shall Disappear

The Intrinsic Perspective • 11333 implied HN points • 05 Jun 25
🕹 Technology AI Employment Innovation Society Economy
  1. AI is changing the job landscape quickly. Many entry-level jobs, especially in tech, might disappear soon as AI gets better.
  2. Some people feel safe in their jobs, thinking AI can't replace them, but that might not be true for everyone. Many workers could end up feeling like outdated lamplighters.
  3. Progress often comes with loss. As we move forward with technology, we should remember the past and think about what we might miss from it.
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Trudeau was a poor steward of Canada's economy

Noahpinion • 22118 implied HN points • 08 Jan 25
🇺🇸 U.S. Politics Economy Government Leadership Immigration Public Policy
  1. Trudeau's government struggled to improve Canada's economy, especially with inflation and low business investments. Many Canadians felt disappointed as they saw little change during his leadership.
  2. There was a notable shift in public opinion about immigration in Canada under Trudeau, with concerns over housing and integration rising. As a result, many Canadians became less supportive of high immigration rates.
  3. Canada's economic growth didn't keep up with other countries, notably the U.S., since Trudeau took office. Many believe this issue stems from long-term problems with productivity and investment that were not effectively addressed by his administration.

Infographics: Centrally Cleared U.S. Treasury Market Flows

Concoda • 178 implied HN points • 13 Jun 25
💰 Finance Market Trends Trading Investments Economy Monetary Policy
  1. The U.S. Treasury market uses a central counterparty to manage trades. This helps ensure that transactions are processed smoothly and securely.
  2. Understanding the flow of money in the U.S. Treasury market is important for seeing how the economy functions. It gives insights into larger financial trends.
  3. Infographics can help simplify complex information about the Treasury market, making it easier to understand for everyone. Visuals often make learning about finance more accessible.

Why I still believe in HS2

Odds and Ends of History • 2278 implied HN points • 30 May 25
🇺🇸 U.S. Politics Infrastructure Transport Policy Economy Public Opinion
  1. HS2 is important for connecting cities quickly and improving transportation. Finishing the railway is seen as essential for the country's future.
  2. Even though the project has faced delays and rising costs, stopping it now would mean losing valuable benefits that HS2 could bring.
  3. Investing in HS2 will help relieve pressure on existing train lines, allowing for more local services and better freight transport, which is crucial for overall infrastructure.

The Mafia State

The Chris Hedges Report • 575 implied HN points • 15 Feb 25
🇺🇸 U.S. Politics Government Economy Corruption Environment Society
  1. The current economic system is leading to great inequality, where the rich get richer while many others suffer. This creates a 'mafia state' that prioritizes the wealthy and exploits the rest.
  2. The degradation of environmental and social protections is harmful to everyone. Decisions being made today are damaging the planet and the well-being of many people.
  3. Reforming this system is not enough; systemic change is needed. Collective action and new ideas for social structure can help address these deep-rooted issues.

The best-case scenario for Trump's second term

Noahpinion • 33706 implied HN points • 28 Nov 24
🇺🇸 U.S. Politics Elections Government Policies Trump Economy
  1. The economy could keep growing, leading to better wages for workers. If Trump doesn't interfere too much, this growth might continue.
  2. Political unrest may decrease, as many people seem tired of constant outrage. Americans might become more chill and tune out extreme movements on both sides.
  3. Trump might keep some successful policies from Biden while making adjustments. This could boost American industry without causing a lot of controversy.

The Lamplighter Problem

Jeff Giesea • 718 implied HN points • 22 Oct 24
🕹 Technology AI Automation Labor Economy Politics
  1. AI is likely to displace a huge number of jobs, similar to how lamplighters lost their roles when electric lights came in. We need to prepare for these changes now to help people transition to new work.
  2. The Lamplighter Problem shows us that job loss due to automation is not just an economic issue but also a political and social one. If we don’t address it, it could lead to bigger problems in society.
  3. There are different opinions on how to handle the rise of AI. Some people think we should slow down and reconsider, while others want to speed up its development. We need to find a balanced approach that helps everyone.

The Formula for the Future

Faster, Please! • 1096 implied HN points • 17 Feb 25
🇺🇸 U.S. Politics Regulation Innovation Economy Technology Progress
  1. America's future depends on three key things: strong information processing, abundant energy, and economic freedom. These elements can help society grow and innovate.
  2. Regulatory barriers often slow down progress and innovation. To keep moving forward, it's important to take calculated risks instead of playing it safe.
  3. Embracing technology and overcoming bureaucracy can create a cycle of improvement. More energy and innovation can lead to a better future for everyone.

DOGE and the budget audit of doom

bad cattitude • 462 implied HN points • 03 Feb 25
🇺🇸 U.S. Politics Government Policy Corruption Economy Public Spending
  1. The new players in Washington are determined to shake things up, working outside the old systems to create real change. Expect to see major shifts in government operation due to their influence.
  2. Government agencies are overwhelmed and struggling to maintain control as corruption and inefficiency are exposed. The push for more transparency means many hidden layers of mismanagement could be revealed.
  3. Without accountability for spending, many federal programs and jobs could be cut. The focus will shift to ensuring that taxpayer money is used properly, potentially cleaning up long-standing issues.

Power Is Shifting Rapidly to Indie Creators

The Honest Broker • 11037 implied HN points • 25 Nov 24
💼 Business Employment Entrepreneurship Creativity Economy Industry
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Top Links 638 The credit card racket. Why Trump wants Greenland. The cislunar economy & the age of the gas mask.

Chartbook • 529 implied HN points • 03 Feb 25
💰 Finance Credit Cards Economy Debt Interest Rates Global Trade
  1. Credit card interest rates in the US can be very high, over 22%, which can be a heavy burden for people carrying balances. It's important to be aware of these costs.
  2. There are discussions around various topics, like why Trump has an interest in Greenland, showing how geopolitics can be tied to business and resources.
  3. The emerging cislunar economy reflects the growing importance of space and its potential impact on our economy and society, underlining how innovation stretches beyond Earth.

Pretty Stable

The Transcript • 59 implied HN points • 28 Oct 24
💰 Finance Economy Consumer spending Monetary Policy Deficits Inflation
  1. The US economy is doing well with steady consumer spending and healthy household finances. People are still buying, even if the growth rate is slower than last year.
  2. There is a strong demand for jobs, especially for those with college degrees. Many companies are looking to hire, but the unemployment rate for skilled positions is still very low.
  3. The upcoming presidential election is creating some uncertainty in the markets. Once it's over, people expect a better outlook for economic policies.

Thinking about "temporary hardship"

Noahpinion • 12823 implied HN points • 31 Oct 24
🇺🇸 U.S. Politics Economy Deficits Government Public Policy
  1. The US economy is doing well, but the government has high borrowing and deficits that need to be addressed. People are worried about rising interest costs eating into the budget.
  2. Elon Musk is suggesting big cuts to federal spending to help reduce the deficit, which could lead to temporary economic hardship for many. This has raised questions about how much pain people might actually feel if these cuts happen.
  3. There's a debate over the best way to handle spending cuts and taxes. Some believe there are better methods to manage these changes without causing so much impact on everyday people, especially the poor and middle class.

TGIF: It All Comes Out

Common Sense with Bari Weiss • 4915 implied HN points • 13 Dec 24
🇺🇸 U.S. Politics Government Elections Economy Policy Media
  1. Melania Trump is promoting Christmas ornaments this year, showcasing her designs and emphasizing their patriotic theme. This may hint at a future where political events are paired with merchandise.
  2. Janet Yellen has acknowledged that the U.S. is facing a significant deficit, raising concerns about fiscal responsibility. She suggests that future spending needs to be more careful to manage this debt.
  3. There’s criticism regarding recent government spending, particularly on student loan forgiveness, which some believe primarily benefits wealthier individuals. This has sparked debate about fiscal sustainability.

Is Donald Trump Losing His Mojo?

Slack Tide by Matt Labash • 210 implied HN points • 30 May 25
🇺🇸 U.S. Politics Trump Politics Economy Trade Public Opinion
  1. People are noticing small wins lately since big achievements are hard to come by. It shows that sometimes you have to celebrate the little things.
  2. Trump is being linked to tacos in a funny way due to his trade decisions. This light-hearted connection has sparked some positive feelings about him.
  3. Many feel weary of bad trade ideas, fearing more economic strain. People want to avoid paying higher prices for things because of poor decisions.

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.

✨ The Age of AI, an update: A Quick Q&A with … economist Michael Strain

Faster, Please! • 456 implied HN points • 06 Feb 25
🕹 Technology AI Innovation Productivity Economy Workforce
  1. Generative AI has the potential to change how businesses work and boost productivity, but we are still in the early stages of using it in everyday jobs.
  2. It's important for workers, especially in white-collar jobs, to adapt by learning to use AI tools to enhance their productivity and value to employers.
  3. Instead of fearing job loss, workers should focus on developing new skills that complement AI, allowing them to stay relevant in their fields.

Undeclared

Doomberg • 7460 implied HN points • 05 Feb 25
🇺🇸 U.S. Politics Law Crime Drugs Immigration Economy
  1. The relationship between immigration and organized crime can be complex. Some immigration patterns have led to an increase in crime, but it’s important not to judge entire communities based on the actions of a few individuals.
  2. The fentanyl crisis in North America is serious, with both Canada and the US struggling with it. It's important for countries to work together to address the flow of illegal drugs across borders.
  3. Political decisions, like tariffs, can trigger strong reactions from countries involved. Canada felt threatened by the recent US tariffs, highlighting how deeply interconnected their economies and issues are.

Neolib Zombies

Magic + Loss • 417 implied HN points • 03 Oct 24
🇺🇸 U.S. Politics Policies Economy Identity Globalization Government
  1. Neoliberalism has changed how we see ourselves, turning us from citizens into consumers and investors. This shift impacts our values and priorities in society.
  2. Since Reagan's presidency, neoliberal ideas have focused more on market concerns instead of workers' rights or social programs. This change has affected how economic policies are shaped today.
  3. Even though neoliberalism seems to be struggling, it continues to influence our lives and policies significantly. Its effects are still visible in the world around us.

Defiant Trump takes on Davos: in first major speech of term two, POTUS unveils policy priorities

The Dossier • 446 implied HN points • 23 Jan 25
🇺🇸 U.S. Politics Elections Policy Government Economy Foreign Relations
  1. Trump plans to strengthen the U.S. economy by promising significant tax cuts and reducing foreign tariffs. He wants businesses to produce more in America by offering low taxes.
  2. He mocked climate change policies and aims to remove regulations that he believes hinder economic growth. Trump's focus is on promoting traditional energy sources like oil and gas.
  3. Trump wants to regain control over inflation and national debt while also pushing for international talks on oil prices and security issues like nuclear arms reduction.

DOGE Is What Happens When Trust In Government Hits Zero

QTR’s Fringe Finance • 62 implied HN points • 19 Feb 25
🇺🇸 U.S. Politics Government Economy Debt Taxation Public Opinion
  1. Trust in government is at a low point, leading to rising interest in unconventional solutions like DOGE. Many people feel frustrated watching how tax money is spent and wonder if their money is being used wisely.
  2. Americans are concerned about the growing national debt and fiscal mismanagement. This situation has made many people question value for money from the government.
  3. There is a feeling that after years of mishandled finances, radical changes like DOGE might be a necessary wake-up call. While its methods may be messy, it highlights the need for accountability and reform in government spending.

Britain's Chernobyl?

Wrong Side of History • 569 implied HN points • 13 Jan 25
🇺🇸 U.S. Politics Government Public Trust Political crisis Economy Cultural Issues
  1. The current Labour Government is losing popularity quickly after taking office, which raises concerns about their planning and leadership vision. People are feeling uncertain about the economy and the political situation, leading to a crisis-like atmosphere.
  2. There's growing public distrust in institutions like the police and government, especially after the controversies over how grooming gangs were handled. This has deepened people's suspicions about the system and those in charge.
  3. Some commentators compare the situation in Britain to the Chernobyl disaster, suggesting that like the Soviet Union, the country is facing serious systemic issues that go unaddressed. This comparison highlights the failures in accountability and safety within political and bureaucratic structures.

Weekly Top Picks #97

The Algorithmic Bridge • 191 implied HN points • 10 Feb 25
🕹 Technology AI Economy Marketing Software Innovation
  1. Google has released impressive AI models that are both high-quality and affordable. They are competing strongly in the AI space.
  2. OpenAI is developing new AI agents to assist programmers and sales teams, indicating a focus on practical business applications.
  3. Sam Altman highlighted that the intelligence in AI improves at a super-exponential rate, making its economic value increase rapidly.

Why You Shouldn't Worry about AI Taking Jobs

Richard Hanania's Newsletter • 3291 implied HN points • 09 Feb 25
🕹 Technology AI Labor Economy Growth Regulation
  1. Many jobs we have today are not really necessary and could be replaced by AI. This is because some jobs exist due to government rules or old systems that don't make much sense anymore.
  2. People generally prefer human interaction over machines, especially in industries like hospitality, art, and healthcare. Humans provide a unique value that machines can't replicate, making these jobs safer from replacement.
  3. Even if AI takes many jobs, our economy is expected to grow significantly, which can help support those out of work through wealth redistribution. Governments have the ability to provide for everyone, even if many people end up jobless.

Plentiful, high-paying jobs in the age of AI

Noahpinion • 20235 implied HN points • 17 Mar 24
🕹 Technology AI Jobs Economy Automation Opportunity Cost
  1. The concept of comparative advantage means that even in a world where AI outperforms humans in many tasks, humans can still find plentiful, high-paying jobs by focusing on what they do relatively better compared to other tasks.
  2. Wages have historically increased despite automation, suggesting that the job market continuously evolves and diversifies, creating new tasks for humans to perform.
  3. Concerns about AI causing human obsolescence and stagnant wages should be considered in the context of factors like energy constraints and the potential for increased inequality and adjustment challenges in the economy.

The Philippines

Wyclif's Dust • 1341 implied HN points • 02 Dec 24
🎭️ Culture Society Economy Family Tradition Language
  1. The Philippines is a developing country with many poor areas, but it's also growing quickly. Despite limited resources, people are adapting and using technology like Facebook for business and communication.
  2. Malls are really important in the Philippines. They provide a cool escape from the heat and are seen as a sign of progress, showing how shopping has become part of modern life.
  3. Family plays a huge role in Filipino culture. The extended family is very close-knit, with many children being looked after by relatives, and this sense of community helps young parents a lot.

The Art of Crypto Kayfabe

Altered States of Monetary Consciousness • 1076 implied HN points • 11 Dec 24
💰 Finance Investing Cryptocurrency Markets Economy Monetary Policy
  1. The investment world can be likened to a wrestling league where different assets compete for your money. Each asset has its own story or gimmick to attract investors, just like wrestlers have unique personas.
  2. Bitcoin is often seen as a rebellious fighter trying to challenge the dominance of the US dollar, but it also plays a tricky game of pretending to be both a currency and an investment asset. This duality creates confusion about its true value and purpose.
  3. Like wrestling matches, the market can be influenced by emotions and narratives. The way assets are portrayed and the stories built around them affect how people perceive their worth and make investment decisions.

Fear and Consolidation in the Oil Patch

BIG by Matt Stoller • 20856 implied HN points • 14 Feb 24
💼 Business Oil industry Mergers Finance Economy Competition
  1. The oil and gas industry is going through a significant wave of consolidation, with mega-mergers happening between major companies.
  2. The mergers and acquisitions in the industry are driven by challenges in increasing production, high finance strategies, and the desire to showcase access to reserves to investors.
  3. The consolidation will likely lead to squeezed suppliers, reduced innovation, and a shift of industry power from domestic firms to global entities.

Work sucks, I know

Philosophy bear • 436 implied HN points • 16 Jan 25
🇺🇸 U.S. Politics Conservatism Work Culture Economy Meritocracy Job Market
  1. Being clever doesn't guarantee a good job. Even smart people might struggle to find satisfying work.
  2. There are many reasons why people don't get the jobs they want, like luck and bad hiring practices. It's not always fair.
  3. To improve the work situation, we need to focus on making jobs better for everyone, not just competing for top positions.

Strikes and Bidenomics

BIG by Matt Stoller • 35524 implied HN points • 16 Sep 23
🇺🇸 U.S. Politics Economy Policy Government Labor Inflation
  1. Public dissatisfaction with the economy despite positive statistics like low unemployment and consumer spending
  2. The Biden administration lacks coherence in its policy approach and struggles to address issues like inflation and housing costs
  3. Judicial appointments and internal disagreements within the administration contribute to the challenges faced by Bidenomics in governing effectively

Young People Can't Get Jobs. Now What?

State of the Future • 228 implied HN points • 15 May 25
💼 Business Employment Economy Education Entrepreneurship Technology
  1. AI is causing entry-level jobs to disappear, especially for young graduates. Many of the roles that students are training for are fading away fast.
  2. Youth unemployment is increasing, with recent grads struggling to find work. The job market is looking worse for them compared to the overall workforce.
  3. We need new ideas and solutions to help young people find work. Programs that encourage entrepreneurship and skilled trades can help them build careers even as traditional job paths vanish.