I obviously cover many economical things in the ordinary course of business, but I try to reserve the sufficiently out of place or in the weeds stuff that is not time sensitive for updates like this one.
Trade is Bad Good
We love trade now, so maybe it’ll all turn out great?
John Burn-Murdoch: Negative partisanship is a helluva drug:
Up until a few months ago, liberal and conservative Americans held pretty much the same views on free trade.
Now, not so much…
Yet another explanation that says ‘the China shock killed particular jobs but had large diffuse benefits and left us all much better off.’
In other trade is good news, Argentina under the crazy libertarian Melei is now growing at 5.8%, faster than China.
The Laffer Curve
Alex Recouso: The recent capital gains tax increase in the UK [...]
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Outline:
(00:20) Trade is Bad Good
(01:16) The Laffer Curve
(02:06) Surge Pricing
(03:29) Important Safety Tip
(06:35) An Orgy of Tax Evasion
(06:55) Work It
(07:14) Labor Share of Productivity Gains
(08:09) Paycheck to Paycheck
(10:40) Buy, Borrow, Die
(11:17) The Sacred Revenue Number
(11:38) Fool Me Once
(12:11) To Their Credit
(13:19) Incentives of Real Estate Agents
(16:16) Price Discrimination
(18:09) Capitalism With Chinese Characteristics
(21:31) Minimum Wage
(22:57) The Cost Of Minimally Living
(24:56) Buy My Business
(27:21) GDP Should Count All The Spending
(28:21) Where We Are Going With All This
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First published:
September 26th, 2025
Source:
https://www.lesswrong.com/posts/9HaoJfTerhkae7Sbo/economics-roundup-6
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Narrated by TYPE III AUDIO.
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Images from the article:
Subheading: "Revenue falls 18 per cent in 2023-24 to £12.1bn as the UK's efforts to increase revenues from the levy backfire"" style="max-width: 100%;" />
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