One of my most important messages about high skilled immigration is that you have to do the policy right. And to do that, you have to accurately understand the economics of high skilled immigration and the practical realities and mechanism design of policy. Many truly do not.
One of the responses I got to my AI and the human touch piece was to claim it was absurd to imagine the government would redistribute more in the event of worse outcomes for some because the US is so...
How many years away are we from the third generation of auto bailouts being on the table?
I disagree, but I don't think David is alone in this. To me, the biggest risk of confusing a temporary labor supply shortage that drives up inflation with full employment was that it would undermine actual full employment. We are...
If you are interested in over 100 years of economic history and data on these geographic trends for this industry, I have some here for you: https://t.co/kayw0VoAML
How much economic growth will get from AI? This is massively speculative. However, in a new piece today @ngoldschlag and myself make the case we can learn something about this from an academic economics debate about whether "ideas are getting...
"Last year companies canceled $22 billion in planned investments in electric vehicle manufacturing, batteries or critical minerals in the United States...." Political sustainability limits industrial policy efficacy. https://t.co/RROrBFwACq
Its a warning shot to people who think tariffs are going to secure reindustrialization. Is it sustainable? Industrial policy can't be on and off and work.
Ford is going to try to make a go at batteries in its idled plant. I find it hard to be optimistic about that, but it's at least a growing market https://t.co/37Ns45bbLE

The problem with "give tariffs time" as a plan is that they have been implemented in a way that won't stand up to courts, there is not a bipartisan consensus supporting them, and voters hate them now because they have...