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Title: Mainly macro
In this post I’m not going to speculate about whether the current boom in AI infrastructure (mainly data centres, mainly in the US) is a bubble or not, but rather ask what would happen if it was and, as bubbles do, it burst. [1] What kind of impact might this have on the world economy? There ar...
This is a follow-up to last week’s post. Occasionally I receive comments on social media that point me to academic analysis that I wasn’t aware of, particularly on an issue that is not macroeconomics. Last week was one of these occasions (thanks to @yusufimaadkhan.com)...
I never cease to be amazed at how bad Labour politicians are at politics. It may seem arrogant for an economist to say that, but it’s not just my view, but the view of so many of the political scientists or journalists that I follow. Take, for example, the recent fall in net migration numbers, from a high point of ne...
My posts come out on a Tuesday and Budgets are on a Wednesday. Not great timing, which is why in the past I’ve often done special posts one or two days after the budget. But so much of last Wednesday’s budget had been pre-announced that it didn’t seem worth doing this last week. So the question is whether there is an...
