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← High wages are both the effect and the natural sign of a nation growing richer
16 connected korrents · 14 moments from 9 Mar 1776 to 14 Sept 2026.
Everything filed under interest rates
interest rates
Everything filed under inflation
inflation
Everything filed under capitalism
capitalism
Everything filed under America
America
Everything filed under AI and jobs
AI and jobs
Everything filed under energy
energy
Everything filed under creativity
creativity
Everything filed under public debt
public debt Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: High wages are both the effect and the natural sign of a nation growing richer High wages are both the effect and the natural sign of a nation growing richer Last stated 251 years ago
9 Mar 1776
AS
Adam Smith — holds since 1776-03-09 — tap for who they are
Same subject: Higher real interest rates reflect a more optimistic collective view of future economic abundance. — tap to centre the map on it Higher real interest rates reflect a more optimistic collective view of future economic abundance. Last stated 3 weeks ago
12 Sept 2026
BH
Byrne Hobart — holds since 2026-09-12 — tap for who they are
Same subject: AI will raise capitalists' incomes and the capital share of income, increasing inequality. — tap to centre the map on it AI will raise capitalists' incomes and the capital share of income, increasing inequality. Last stated 3 weeks ago
14 Sept 2026
BM
Branko Milanovic — holds since 2026-09-14 — tap for who they are
Same subject: A huge positive shock to Intelligence increases marginal returns, employment, and real wages in the Polanyi knowledge sector. — tap to centre the map on it A huge positive shock to Intelligence increases marginal returns, employment, and real wages in the Polanyi knowledge sector. Last stated 3 weeks ago
13 Sept 2026
TC
Tyler Cowen — holds since 2026-09-13 — tap for who they are
Same subject: The labour market is in a resettlement of talent and of how work gets done. — tap to centre the map on it The labour market is in a resettlement of talent and of how work gets done. Last stated 2 months ago
9 Aug 2026
AW
Adam Ward — holds since 2026-08-09 — tap for who they are
Same subject: An economy running on muscle power has a hard and low ceiling on total production, because its only real input is land and the returns to more of it fall away fast. — tap to centre the map on it An economy running on muscle power has a hard and low ceiling on total production, because its only real input is land and the returns to more of it fall away fast. Last stated 4 years ago
26 Aug 2022
BD
Bret Devereaux — holds since 2022-08-26 — tap for who they are
Same subject: A market economy rewards putting land under campsites and horse liveries rather than under food, and that is the wrong thing to reward. — tap to centre the map on it A market economy rewards putting land under campsites and horse liveries rather than under food, and that is the wrong thing to reward. Last stated 3 years ago
9 Dec 2023
CS
Chris Smaje — holds since 2023-12-09 — tap for who they are
Same subject: In creative work there is a real benefit to not following the financial incentives, and to creating scarcity for the sake of quality rather than for its own sake. — tap to centre the map on it In creative work there is a real benefit to not following the financial incentives, and to creating scarcity for the sake of quality rather than for its own sake. Last stated 10 months ago
15 Dec 2025
ML
Michael Lewis — holds since 2025-12-15 — tap for who they are
Same subject: A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. — tap to centre the map on it A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated a month ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated a month ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. — tap to centre the map on it A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. Last stated 6 months ago
1 Apr 2026
TP
Thuan Pham — holds since 2026-04-01 — tap for who they are
Same subject: An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation. — tap to centre the map on it An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation. Last stated 7 months ago
11 Mar 2026
LA
Lyn Alden — holds since 2026-03-11 — tap for who they are
Same subject: Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. — tap to centre the map on it Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2022-07-25 — tap for who they are
At the centre
High wages are both the effect and the natural sign of a nation growing richer
Holds Read this korrent →
Higher real interest rates reflect a more optimistic collective view of future economic abundance.
Holds
AI will raise capitalists' incomes and the capital share of income, increasing inequality.
Holds
A huge positive shock to Intelligence increases marginal returns, employment, and real wages in the Polanyi knowledge sector.
Holds
The labour market is in a resettlement of talent and of how work gets done.
Holds
An economy running on muscle power has a hard and low ceiling on total production, because its only real input is land and the returns to more of it fall away fast.
Holds
A market economy rewards putting land under campsites and horse liveries rather than under food, and that is the wrong thing to reward.
Holds
In creative work there is a real benefit to not following the financial incentives, and to creating scarcity for the sake of quality rather than for its own sake.
Holds
A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output.
Holds
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds
A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
Holds
A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases.
Holds
A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost.
Holds
An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation.
Holds
Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022.
Holds