The Bellows

Ryan Avent
Created 22 Oct 2019
  • Keep cool
    18 Nov 2021 • 10 min read
    I know, I know, I just said I wouldn’t write about inflation again for a while, but the discussion that’s unfolding online is driving me nuts. It seems to me that there’s a real lack of perspective an...
  • Inflation...
    11 Nov 2021 • 4 min read
    I don’t want this newsletter to be an all-inflation-all-the-time thing, and I feel reasonably sure that you don’t want this newsletter to be an all-inflation-all-the-time thing either, and so I will d...
  • Revenge of the robots
    20 Oct 2021 • 8 min read
    Back in 2016 a book of mine came out, titled The Wealth of Humans. It’s kind of a funny little book, a bit all over the place, but its main idea is that the economy doesn’t really work the way we want...
  • A Commonwealth of the Americas
    15 Oct 2021 • 9 min read
    Over the past few years, migration across America’s southern border has again become an extremely contentious political issue. Migration flows in the years prior to the pandemic mostly consisted of em...
  • Disco inferno
    13 Oct 2021 • 10 min read
    I wrote about stagflation last week—specifically, whether we’re in for some—and I didn’t quite get in all the things I wanted to say, so I thought I’d put some additional thoughts here. The question o...
  • What economists know about climate change
    28 Sep 2021 • 8 min read
    Back in 2019, Binyamin Appelbaum wrote a really excellent book called “The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society”. In it, Appelbaum explains how economic ideas ca...
  • The China risk
    21 Sep 2021 • 7 min read
    Stocks are wobbling this week on concerns that financial troubles at Evergrande, a Chinese property developer, could lead to broader financial havoc. Evergrande owes a lot of money—about $300bn—and is...
  • Two quick thoughts about Amazon
    14 Sep 2021 • 6 min read
    Amazon has been on a hiring binge right through the pandemic, for fairly obvious reasons. Globally, the Washington Post reports, Amazon payrolls have swelled by about 500,000 workers since the beginni...
  • Treatment of people as ethical animals
    09 Sep 2021 • 11 min read
    It is now part of the dimly remembered ephemera of the distant past, but only a few weeks ago Twitter was all abuzz about fabricated data in a paper by a key figure in cognitive psychology and behavio...
  • Mobs and justice
    01 Sep 2021 • 12 min read
    “A growing illiberalism, fueled by social media, is trampling democratic discourse,” reads the homepage tagline on a new essay in the Atlantic, by Anne Appelbaum. “The result is a chilling atmosphere ...
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