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JW Mason

JWMason1

Those lumber prices, huh? $1,600 per 1000 board-feet, up from $400 a year ago. Why? This story mentions a mills closing prior to the pandemic, reducing supply; not a lot

The last few years have seen renewed interest in hysteresis - the idea that shifts in demand can have persistent effects on GDP, well beyond the period of the "shock"

This Jacobin interview making the case for a herd-immunity approach to the coronavirus is really distressingly bad.https://jacobinmag.com/2020/09/covid-19-pandemic-economy-us-response-inequality Weird for a socialist magazine to ignore the

Just to clarify some of the stakes from yesterday's debate/discussion on fiancial flows and international trade. (Thanks again, @jainfamilyinst!) Here's the position I was arguning for. I think @NathanTankus and

This is a very interesting conversation. The more I think about it, more I think Nathan is right. The claim of direct link between current account and (distinct set of)

Predictions of rapid bounceback in output & employment after social distancing lifted, depend on no one having lost income in the meantime. If loss of income during quarantine period leads