Dec 22, 2022The Promise of Nuclear Fusionby Lars Jaeger| December 19th, 2022 This month, the world was treated to news of a breathtaking scientific and engineering achievement. Scientists at the National Ignition Facility (NIF) at Lawrence Livermore National Laboratory in Northern California had apparently demonstrated, for the first time in history, the possibility of generating more…Nuclear5 min readNuclear5 min read
Published inJackson Hole Economics·Dec 22, 2022What We Learned in 2022by Larry Hatheway & Alex Friedman| December 19th, 2022 The past year has been one of surprise and tumult. Events not seen in a generation or longer, including resurgent inflation and an unprovoked military invasion of a European nation, sent economic, political, and financial shocks reverberating around the world. The…2022 Economic Growth7 min read2022 Economic Growth7 min read
Dec 13, 2022Humility and Economicsby Larry Hatheway | December 14th, 2022 A few years ago, I left the corporate world for a set of new endeavors. I co-founded this non-profit (Jackson Hole Economics), started my own business, and resumed teaching economics at university. This transition was not always easy, but with change comes the…4 min read4 min read
Published inJackson Hole Economics·Nov 29, 2022Tangled Up in Blueby Alex Friedman| November 29th, 2022 Last month, scientists at Trinity College Dublin published research that the human brain may be a kind of quantum computer, rather than a classical one. This is a big, big deal. Good science requires cautious and critical thinking. So it is no surprise that…6 min read6 min read
Published inJackson Hole Economics·Nov 29, 2022FTX and When Foxes Guard Hen Housesby Larry Hatheway | November 28th, 2022 A great deal has been written about the demise of FTX, the cryptocurrency exchange run by Sam Bankman-Fried (SBF). Many of the post-mortems have focused on potential fraud, drawing comparisons to Enron’s collapse in the early 2000s. …Ftx5 min readFtx5 min read
Published inJackson Hole Economics·Nov 23, 2022Turkey for Thanksgiving?by Larry Hatheway | November 21st, 2022 This coming Thursday, Americans celebrate Thanksgiving. Thanksgiving is a family gathering, thankfully without the obligation of gift-giving. It is a holiday to reflect on that for which we are grateful. Turkey is the mainstay of the traditional Thanksgiving dinner. A turkey is an…4 min read4 min read
Sep 26, 2022Straws and Camels’ Backsby Larry Hatheway | September 26th, 2022 Casual observers of economics and financial markets often make a simple, if understandable, mistake. They assume continuity. …5 min read5 min read
Sep 12, 2022Are Markets Headed Down?by Larry Hatheway | September 12th, 2022 The passing of Queen Elizabeth this past week was a symbolic if mournful, reminder that much our world is changing. During her reign as the UK’s longest-serving monarch, Elizabeth witnessed the most rapid and broadest increases in global living standards in history. …4 min read4 min read
Published inJackson Hole Economics·Aug 22, 2022Jackson Whole?by Larry Hatheway | August 22nd, 2022 On August 25, the Federal Reserve’s annual conclave kicks off in Jackson Hole, Wyoming. All eyes will be on Fed Chairman Powell’s remarks on Friday, August 26. Following the recent strong rebound in global equity markets, investors will be keen to hear Powell’s…Economic Power6 min readEconomic Power6 min read
Published inJackson Hole Economics·Aug 9, 2022The Productivity Paradoxby Larry Hatheway | August 8th, 2022 This week, the Bureau of Labor Statistics (BLS) releases its estimate of second quarter non-farm business productivity in the US. It is likely to be abysmal, with output per hour worked expected to fall at an annualized rate of nearly 5%. That’s because…Economics5 min readEconomics5 min read
