Saturday , June 6 2020
Home / T. Cowen: Marginal Revolution / World 2.0 — “There are decades where nothing happens, and weeks where decades happen”

World 2.0 — “There are decades where nothing happens, and weeks where decades happen”

Summary:
This is from a very able and perceptive correspondent: World 1.0 World 2.0 110 successive months of job growth 10 million jobless claims in 2 weeks 10 year bull market across sectors Winners and losers with extreme outcome inequality Full employment 30% unemployment Base rate thinking First principles thinking Physical Digital Office by default Remote by default Office for work Office for connection, community, ecosystem, makerspaces Suit, tie, wristwatch, business card Good lighting, microphone, webcam, home office background Commute + traffic jams Home + family Last mile Only mile Restaurants Groceries + delivery toast Sourdough starter Walkscore Speedtest Cities Internet 0k for college Not paying 0k for a webinar City Countryside YIMBY

Topics:
Tyler Cowen considers the following as important: , ,

This could be interesting, too:

Tyler Cowen writes Solve for the equilibrium

Tyler Cowen writes Thursday assorted links

Tyler Cowen writes That was then, this is now, *Mayday 1971* edition

Tyler Cowen writes Chesapeake travel notes

This is from a very able and perceptive correspondent:

World 1.0 World 2.0
110 successive months of job growth 10 million jobless claims in 2 weeks
10 year bull market across sectors Winners and losers with extreme outcome inequality
Full employment 30% unemployment
Base rate thinking First principles thinking
Physical Digital
Office by default Remote by default
Office for work Office for connection, community, ecosystem, makerspaces
Suit, tie, wristwatch, business card Good lighting, microphone, webcam, home office background
Commute + traffic jams Home + family
Last mile Only mile
Restaurants Groceries + delivery
$4 toast Sourdough starter
Walkscore Speedtest
Cities Internet
$100k for college Not paying $100k for a webinar
City Countryside
YIMBY NIMBY
Internal issues Exogenous shock
Lots of little problems One big problem
Stupid bullshit Actual issues
Too much technology Too little technology
Complacency Action
Years Days
Policy Capacity
Ideology Competence
Assume some government competence Assume zero government competence
Institutions Ghost ships
WHO Who?
Trusted institutions Trusted people
Globalization Decoupling
Just-in-time Stockpile
Tail risk is kooky Tail risk is mainstream
NATO Asia
Boomers most powerful Boomers most vulnerable
Productivity growth collapse Economic collapse
Social services Democrat UBI Communist
Propaganda Propaganda
Deficit hawks MMT
Corporate debt Government debt
Techlash Tech a pillar of civilization and lifeline to billions
Break up Amazon Don’t break up Amazon!!!
Avoiding social issues Avoiding layoffs
Sports Esports
Phone is a cigarette Phone is oxygen
Resource depletion $20 oil, $0.75 watt solar, <$100/kwh batteries
Stasis Change
Low volatility High volatility
Design Logistics
Extrovert Introvert
Open Closed
20th century 21st century

The post World 2.0 — “There are decades where nothing happens, and weeks where decades happen” appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

Leave a Reply

Your email address will not be published. Required fields are marked *