How to build almost 200,000 new affordable houses a year by returning the FHLB system to its original housing mission from what it’s become, profits for financial firms. My latest w/@chrishughes in @BrookingsEcon
https://t.co/RSOPuka3Un
More details on a low-cost way to quickly build ourselves out of the housing crisis. And no, it doesn't involve zoning reform. New report I co-authored with @Aarondklein from @BrookingsInst
https://t.co/AQjlMx4RCm
Love this piece by @chrishughes on leveraging the Federal Home Loan Banks to invest in housing construction, including affordable housing. @MikeFellman and J.W. Mason made the same case in their @Groundwork paper:
Fantastic must read article by @chrishughes in @nytimes laying out an aggressive, progressive vision to tackle housing and turn the FHLB from a source of bank profits to an engine powering homeownership for young Americans. My gift to you:
https://t.co/fpUoWWOF1B
AI systems are now writing code, diagnosing diseases, designing buildings, and even generating art. Tools like @ChatGPTapp, @claudeai, @GoogleDeepMind, and autonomous robots are reshaping industries once thought immune to automation. Will AI usher in a new era of prosperity and leisure or a future of unemployment and inequality?
Featured Debaters:
Dr. @ruchowdh, @chrishughes (@economicsecproj), Simon Johnson @baselinescene
(@MITshapingwork), and @AndrewYang. Moderated by @JohnDonvan.
This is the fifth debate of The Hopkins Forum series, co-presented by @snfagora of @johnshopkinsu and @opentodebateorg. Photo credit: Poll Bravo of @JHUBloombergCtr.
Watch now on YouTube, or listen on Spotify and Apple Podcasts.
Live Debate: @AndrewYang, @chrishughes, Simon Johnson (@baselinescene), and Rumma Chowdhury on AI & the Future of Work
Tools like ChatGPT, Claude, and autonomous robots are transforming industries once thought automation-proof — fueling fears of widespread job loss. Will AI Make Work Obsolete?
📅 Wednesday, February 25 | 6:45 PM
📍 @JHUBloombergCtr | Reception to follow
Presented by @SNFAgora and @opentodebateorg
Reserve your free tickets before they sell out: https://t.co/MpcIPyHj9M
How much value does the Fed's operating system create for commercial banks? In a new @BrookingsInst paper, Josh Younger and I quantify two channels of transfer from the public to the private sector under ample reserves, peaking as high as $200bn annually https://t.co/R7grkHLEO6
Bank regulation and monetary policy are inextricably intertwined. The Supreme Court should let both stay independent from the White House https://t.co/BHLKTTN5Ve
Cryptocurrency is an asset masquerading as a payment instrument. Congress did not see through this illusion and created a dangerous loophole allowing "rewards" for stablecoins that don't add up. If Congress doesn't close this loophole problems are coming.
https://t.co/Qchs0C6wRW
Congress just authorized a $200 billion foreign investment bank, and almost no one noticed. The Development Finance Corporation could reshape American statecraft. But under this WH it could also become a tool for corruption. My latest in @ForeignPolicy https://t.co/654CxiroGN
Facebook Co-Founder & Economic Security Project Co-Chair @chrishughes discusses President Trump's industrial policy & the government's role in data center investment: https://t.co/j6DC0fBUVN
Trump has positioned himself as a leader who rules by the art of the deal. But far from a master organizer of state capitalism, Trump’s deals with the private sector seem to lack any coherence. From @chrishughes:
https://t.co/uonYp2IaX3
We have some shutdown stuff coming, but I want to turn your attention to this great piece from @chrishughes , who has really done the best analysis on what Trump economics is: not industrial policy or right populism or America First. It's rule by deal.
https://t.co/G854zqFsxi
Graham Platner held his first town hall this evening in Ellsworth.
Over 850 people showed up.
We thought we’d get 200 people.
We are building something special in Maine.
We are fast becoming a banana republic, with two standards of justice. If you oppose the leader, you go to jail just for speech. If you're a loyalist, you get immunity for your crimes.
That's what happens in Iran - not the United States. This is a decision moment for America.
Job growth usually only weakens like this when we're headed for a recession
There may be reasons why this time is different (immigration, partial trade shock reversal), but the data is poor
Accounting for all the revisions, Reported 1-Quarter job growth is now just +37k/month