Vol. II · No. 156
Established 2025

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Friday, June 5, 2026
160 writers in the library
Economics · 1 shelves
Economics

The Slack Wire.

J.W. Mason on economics, policy, and political economy.

Recent essays

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Talking about Against Money

Against Money is now out. It’s been spotted in a number of bookstores, including the Union Square Barnes and Noble, where it turns out to be shelved next to Marx’s Capital in the Business section. As my friend Suresh said to me the other day, as writers we sho…

Investment, Animal Spirits and Algae

Arjun and I did a webinar recently on our book Against Money, organized by Merijn Knibbe. We’re very grateful to him for putting it together, and should have video to share soon. Even in a friendly setting like this, it can be a challenge to explain what the r…

At the New School: Against Money

This is the edited transcript of a talk I delivered on March 5 at the Heilbroner Center for the Study of Capitalism at the New School for Social Research in New York, at the invitation of Julia Ott. The talk is an attempt to explain what Against Money (my fort…

After the Rent Freeze

(This piece was originally published at Phenomenal World, in cooperation with the New York Policy Project.) With the failure of Eric Adams’s last-ditch effort to stack the Rent Guidelines Board (RGB), Mayor Zohran Mamdani is now in a position to fulfill his pr…

2025 Books, Part 1

Every year, I try to write a post about books that I’ve read in the past year. This time, I found myself writing so much about some of the books, that the post was getting unmanageably large. So I’ve split it in two. This is part one; part two will follow. Geo…

Dear Mother: Poems by Laura Tanenbaum

Readers of this blog know I have a book coming out later this spring — Against Money, officially out on May 7. Plenty of money-related content coming between now and then. But today I’m writing about a different book: Dear Mother, a collection of poems by Laur…

What Kind of Housing Is Being Built in New York?

Along with Zohran Mamdani’s historic victory in last month’s elections, New York City also approved three housing-related ballot proposal. Together, these will make it somewhat easier to adjust land-use rules to allow for new housing development, by reducing t…

Sri Lanka’s Interest Rate Trap

This piece was coauthored with Arjun Jayadev and Ahilan Kardirgamar. It was first published in Project Syndicate, and republished in The Daily FT in Sri Lanka. Sri Lanka is currently undergoing its worst economic crisis since Independence. The austerity measur…

A Note on Stall Speed

After publishing the previous post, I received the following email from Christoffer Stjernlöf, which I thought was worth sharing: I enjoyed your latest article on the September Jobs Report – these statistics come with interesting connections and assumptions wh…

At Groundwork: Lessons from the September Jobs Report

(This was originally posted on the website of the Groundwork Collaborative, where I am a senior fellow. I’m hoping to be doing these more regularly in the future, so if there’s anything that would make them more useful or interesting, please let me know.) The…

Talking about Zohran

As you certainly know, Zohran Mamdani was elected mayor of New York last Tuesday. Indeed, if your life is like mine, you may feel you’ve been hearing about little else. The other day, as I was biking my younger kid to school, a young guy pulled up next to us w…

Actual Intelligence

I wanted to put down some thoughts on Large Language Models (LLMs), or so-called artificial intelligence. I apologize that this post is not going to include any links or quotes or data. It’s just an effort to work something out in my own head – something that…

Some Thoughts on the Labor Market

Last week, I did a couple of interviews with Brian Edwards-Tiekert of KPFA: one about what the latest BLS employment data is telling us, and one about the Fed’s decision to lower interest rates by a quarter point – in part in response to that data. Having give…

At The International Economy: A Future of Open Borders?

(I am an occasional contributor to roundtables of economists in the magazine The International Economy. The latest roundtable invited contributors to imagine some unexpected development we might see over the next decade – “an outside-the-box speculation on mat…