Glenn Loury and John McWhorter are at their best when they disagree, and I enjoyed their discussion about the disastrous exchange between Trump, Vance, and Zelensky at the White House. Both agree that the U.S. is right to push for a negotiated settlement, which involves pressuring Ukraine to acknowledge its precarious position. However, they diverge on how this pressure was communicated and its potential repercussions. Glenn argues that Trump and the vice president rightly prioritized American interests by applying pressure on Zelensky, while John takes the opposite stance, framing his argument within a broader critique of the U.S. president and his administration.
Read MoreNoah Smith, an American columnist and Substacker, and historian Niall Ferguson both made the mistake last week of attempting to rationalise the Trump administration’s fumbling attempts to get Ukrainian peace talks underway.
Niall Ferguson appears to be making a completely reasonable point—one echoed by numerous other observers last week—that it was a mistake for the U.S. to publicly acknowledge that Ukraine can never become a full member of NATO and that the country must cede territory to Russia as part of any peace deal, even if both positions are widely accepted on the Western and Ukrainian sides of the negotiations. This, of course, was before Mr. Trump went on one of his ill-advised social media rampages, effectively accusing Ukraine of starting the war and labeling its sitting president a dictator.
Read MoreMillennials, according to the internet, are people born between 1981 and 1996. That's a bit of a gap, so it will be useful to narrow down the definition of our protagonist somewhat. This is a story about a relatively old Millennial, born in 1984. It is not at all inconceivable that this person will have a different perspective from a namesake born in the middle of the 1990s. This is a bias that we must accept such as it is. Even more specifically, this is a story about European millennial, born in Denmark, who has ended up in the United Kingdom. He is married to a Canadian woman of Guyanese, and ultimately Indian, descent, who is now a naturalised English citizen. The melting pot is real, and millennials are sizzling in its cauldron.
Read MoreI hope you’re enjoying the 2023 Chat-GPT advent calendar even if it is quite a deviation from the content normally posted here. Fret not, I will pepper the flow of advent stories with some economics, and a lookahead to markets next year.
I really enjoyed @EconTalker's conversation with @tylercowen, the founder of the most widely read economics blog out there, reminding us that there is still value in reading the grand old masters of economics. I enjoyed re-reading most of Keynes’ the General Theory for my essay on fiscal policy, and it was also fun to remind myself about Milton Friedman’s permanent-income-hypothesis for the essay on the life cycle hypothesis. But in reality, I fall foul of Tyler’s accusation of an economist who is probably not as well acquainted with the classics as I should be. I have read very little of Smith for example, I find Hayek very difficult to read, and as an economist interested in demographics, I also regret to say that I have only read few parts of Malthus in the primary versions. Fortunately for me and others, Tyler has made his new his new book—"GOAT" of economics—freely available, and I am looking forward to dig in over Christmas.
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