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AI eating software developers' jobs?

It ain't so, @greg_ip writes:
"The ranks of software developers, widely assumed to be acutely vulnerable to AI, are up 5% in January from a year earlier, a pace largely consistent with the past 23 years"

wsj.com/economy/jobs/t…

At the SOTU, Trump mentioned tariffs could substantially replace income taxes. "Experts" doubt this can be achieved.

If we take politics out of this (right!), one way to raise substantial revenue would be with a national sales tax. If tariffs are viewed as a national sales tax,

"Kevin Warsh Isn’t Crazy, the Fed’s Big Balance Sheet Is"

The obvious path to shrink the Fed's balance sheet is to go back to a corridor system. It worked for over 100 years as @josephsternberg points out.

The problem: the establishment doesn't like it.
wsj.com/opinion/kevin-…

"Despite the macroeconomic community struggling to forecast 2-month-forward payroll growth..., the forward path of labor destruction can apparently be inferred with significant certainty from a hypothetical scenario posted on Substack...."
citadelsecurities.com/news-and-insig… x.com/nfergus/status…

Car sales slowing, used car prices dropping, delinquency rates rising. 🚗

Why did the Citrini 'doom report' painting an AI deflationary spiral scenario tank the market?

Maybe because if there's enough fearmongering, politicians will "come to the rescue." And with the government to help - I trust the doomsday predictions may well play out.

In the bucket of 'you can't make this stuff up' -- there's going to be "more competition" on credit scores, and mortgage brokers that offer government guararnteed mortgages (i.e. don't take risk themselves can choose which scores to use when underwriting.
wsj.com/opinion/washin…