Noah Smith

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America Is Pumping Out Too Many Ph.D.s

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The academic jobs they're accustomed to pursuing have been drying up.

A Rising Deficit Isn't The U.S. Economy's Worst Problem

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Theory and evidence both come down strongly against cutting spending in a downturn.

The Late '10s Were Better For Incomes Than The '90s

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An overhaul of the economy might not be as necessary as more radical reformers believe, writes Noah Smith.

Here's How We Beat The Virus And Save the Economy This Fall

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America now has all the tools it needs, but does it have the will to use them?

Alternative Data Offers A Lot. Just Be Careful.

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Standard data can’t always keep up in the pandemic. Private information sources are fast, but they lack the test of time.

The Wealthy And Privileged Can Revolt, Too

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Competition among the 1% could be a destabilizing force.

The Covid Surge Will Slam Southern States’ Economies

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Leaders in some states failed to take the pandemic seriously. Their economies will experience the consequences.

Fear Of Infection Hurt The Economy More Than Lockdowns

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There is a middle way—lockdown lite—that allows most activity to continue without snuffing out business.

If Zombie Companies Don't Die, We'll Pay A Price

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Monetary policy is keeping afloat businesses that perhaps should have been allowed to fail.

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