Hacker News with Generative AI: Economics

Javier Milei: President of Argentina – Freedom, Economics, and Corruption (lexfridman.com)
Javier Milei is the President of Argentina. This episode is available in both English and Spanish.
Javier Milei: President of Argentina – Freedom, Economics, and Corruption [video] (youtube.com)
Britain is building one of the world’s most expensive railways (cnn.com)
The End of China's Rise and the Future of World Order│Michael Beckley [video] (youtube.com)
Why is European productivity so poor and how can it be improved? (europa.eu)
"We Will Pass Those Tariff Costs Back to the Consumer," Says CEO of AutoZone (yahoo.com)
President-elect Donald Trump’s proposed tariffs have already begun to upend businesses in several industries and many are taking action to safeguard their profits.
The World Grid and New Geographies of Cooperation (centerforneweconomics.org)
“People have lived and died, businesses have prospered and failed, and nations have risen to world power and declined, all over energy challenges.”
The Stone Soup Theory of Billionaires (asomo.co)
In recent years there’s been a strong outbreak of the Great Man Theory of History. This is the idea that single powerful or inspired men - literally men - create history and should be adored, or, on the flip side, reviled.
Restart of Three Mile Island tests US appetite for nuclear revival (ft.com)
The decline and fall of the British economy (2022) (worksinprogress.co)
When America’s economy overtook Britain’s a century ago, it remade the world order. How it happened is still debated.
Japan's GDP grows for second successive quarter (nhk.or.jp)
New government data show Japan's GDP grew for the second consecutive quarter in the three months through September.
The price of shutting down coal power, and what would be gained (economist.com)
In 1882, at 57 Holborn Viaduct in London, the Edison Electric Light Company started using a coal-fired steam engine to generate electricity for the first time.
Analysis of economic and productivity losses caused by cookie banners in Europe (legiscope.com)
Europeans Spend 575 Million Hours Clicking Cookie Banners Every Year
UK shrinkflation hits an absurd milestone (ycombinator.com)
Shrinkflation e.g. your favourite chocolate bar price is unchanged but weight sneakily reduced by 10%.<p>Now... underpants. H&M Cotton-rich short trunks Large were 33in at waist and are now (on the sample I bought today) 30in.<p>And unlike the chocolate bar which is marked e.g. "25g", the shorts' packaging lacks any figure to reveal the reduction in the number of inches you are getting.<p>What next? 11-inch rulers? :)
Russian Food Prices Skyrocket in Growing Concern for Kremlin (bloomberg.com)
Russians are facing a surge in food prices, creating a headache for President Vladimir Putin as he tries to balance the Kremlin’s military ambitions with a need for domestic stability.
Europe's Stocks Lag Behind US Rally by Most Since 1995 (bloomberg.com)
Europe’s stock market is lagging behind the US by the most in nearly 30 years — a trend that’s likely to worsen as the election of Donald Trump drives a global preference for US assets.
Too Good to Lose: America's Stake in Intel (csis.org)
In 2022, Congress enacted the bipartisan CHIPS and Science Act (CHIPS Act), a pivotal initiative which seeks to ensure U.S. leadership in semiconductor technology—the backbone of everything from cars to household appliances to defense systems.
South Korea faces kimchi shortage as cabbage prices soar (nikkei.com)
The price of Chinese cabbage, the main ingredient in perhaps the best-known Korean dish, kimchi, has soared to 2.6 times its normal price in South Korea due to plant diseases brought on by abnormal weather.
Yes, inflation made the median voter poorer (jzmazlish.substack.com)
I began writing this post the morning of Wednesday November 6th 2024 — the morning after the US election, where Donald Trump won a reasonably close yet nonetheless resounding victory over Kamala Harris. Why did more than half of the US (voting) populace reject the Biden administration and vote for someone as manifestly unpopular as Trump?
Does anyone know how much VC firms contributes to wealth inequality? (ycombinator.com)
Does anyone know how much VC firms contributes to wealth inequality?
Are groceries more expensive than last year? (usafacts.org)
Grocery store food prices increased 1.3% from September 2023 to September 2024, and increased 11% from 2021 to 2022 – the largest annual increase in 40 years.
Tariffs Won't Work, Just as McKinley's Didn't (bloomberg.com)
Donald Trump’s return to the White House means that one of his signature issues will soon return to the center of Washington’s economic policy agenda: tariffs.
Climate breakdown will hit global growth by a third, say central banks (theguardian.com)
The physical shocks caused by climate breakdown will hit global economic growth by a third, according to a risk assessment by a network of central banks.
Robots crush career opportunities for low-skilled workers (theregister.com)
Robots are devaluing and derailing workers' careers in both manufacturing and other jobs tied to regional economics, according to a recent study.
How Will Trump's Universal and China Tariffs Impact the Economy? (taxfoundation.org)
President-elect Trump has promised to impose steep new taxes on trade, including a 10-20 percent tariff on all imports, at least a 60 percent tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. on Chinese imports, and a 25-100 percent tariff on Mexican imports.
Average rate on a 30-year mortgage in the US rises for 6th straight week (apnews.com)
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.
Why Is Fertility Collapsing, Globally? (ggd.world)
Something dramatic is happening everywhere all at once: fertility is plummeting, with major implications for economic growth and social stability. Yet public discourse is seriously weird, crudely:
Federal Reserve cuts rates by a quarter point (federalreserve.gov)
Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated.
The return of Trumponomics excites markets but frightens the world (economist.com)
The return of Trumponomics excites markets but frightens the world
US Bond Yields Surge as Trump Win Stokes Inflation Expectations (bloomberg.com)
Treasury yields surged as investors piled back into bets that Donald Trump’s return to the White House will boost inflation.