I don't foresee a fiscal crisis from elevated defense spending. I worry about a national security crisis from a failure to defend your country.
"Companies must recognize that, in reality, labor is a critical resource for productivity growth."
Research from Daron Acemoglu, Simon Johnson, Danielle Li, and Mert Demirer is referenced in this article about the effects of AI on workers.
"There's nothing necessary or essential about the mega banks at the JPMorgan scale."
Simon Johnson says there are hundreds of urban areas in 36 states where 80 million people live that could become development hubs.
"For such a large, economically important commodity, we have surprisingly low visibility into the prices that are paid."
“Sanctions against Russian oligarchs push in the right direction, but are not enough,”
"They built up these reserves, I think, thinking they would give them a buffer that would allow them to behave in a more reckless manner."
"The Russians are quite closely aligned with the Iranians ... It would make sense that Iran would not want the Houthis to attack the Russians."
"Democracies around the world face two major threats: a crisis of legitimacy, and increasingly aggressive authoritarian regimes."
