Brad DeLong's Grasping Reality • 76 implied HN points • 25 Feb 24
- Branko Milanovic discusses visions of inequality, highlighting the importance of technological and business-model research and development in market economies.
- Shifting expectations of Federal Reserve rate cuts reflect a debate about the impact of maniacal bubbles and policy near-neutrality in a balanced economy.
- The need for individuals to stay focused on reality outside media perceptions and the impact of lags in economic understanding discussed by Jeffrey Frankel supporting the idea that perceptions lag behind reality.