Gut Microbes Fuel the Production of Regulatory T-Cells →

Evidence continues to mount that the gut microbiome mediates many important physiological functions. See the article linked above in this post’s title, for one example. In turn, two things are known to mess up the gut microbiome: antibiotics—which therefore should be used sparingly, only when really needed—and eating sugar (which can also be described as eating processed food, since sugar and processed food are so highly correlated).

The bottom line is that many things that otherwise wouldn’t sound like possible mechanisms are possible when the gut microbiome is part of the causal pathway. Watch out!

Placebos Can Work Even When People Know They Are Placebos

The “placebo effect” is the psychological effect of fake pills or other treatments that seem at first glance like they shouldn’t do much of anything. The placebo effect is quite important statistically, as an alternate pathway of effect that doesn’t depend on the chemical composition of a drug or what seem like the substantive elements in another type of treatment.

For practical purposes, the reason the placebo effect is so important is that it shows what curative effect one can get without the side effects that many other treatments have. Why use a real pill if it is no better than a fake pill, and has worse side effects or is more expensive than a fake pill? The same goes for other treatments that have side effects worse than a corresponding placebo treatment.

However, placebos as usually done involve deception, and deception has bad side effects. So it is useful to know about evidence that placebos can work even when they are above board. In a study led by Basel University Clinical Psyche PhD student Dilan Sezer, experimental subjects were first asked to write about an incident that made them feel guilty. Then, in Susan Pinker’s words in her February 16, 2023 Wall Street Journal article “Placebos Can Have a Real Effect on Guilty Feelings,”

… participants were randomly assigned to one of three groups. The first was given a “deceptive” placebo: It contained no medicinal ingredients, but participants were told it contained herbs and essential oils that had been “shown to reduce guilt feelings.” The second group was given an “open” placebo and were told that it “does not contain any medicinal ingredients.” The third was a control group that received no intervention at all.

… Both placebo groups showed a significant drop in guilt compared to those in the no-treatment control group. What’s more, '“the difference between placebo groups was statistically indistinguishable,” …

The brain has a big effect on the rest of the body through many channels, most of them not fully conscious. Let’s not assume that deception is needed for a given effect until that is proven.

My Grandfather Spencer W. Kimball's Journals are Now Available Online →

My grandfather, Spencer W. Kimball, was the head of the Mormon Church from 1973 to 1985. His journals are now available online (though with some redaction). My Dad, Edward L. Kimball, wrote two volumes of biography of my grandfather (the first coauthored with my cousin Andrew Kimball) and believed in openness for historical documents.

Miles, Brad DeLong and Noah Smith: Hexapodia Podcast #1 →

Here are my links as I sent them to Brad:

Ruchir Agarwal and Miles Kimball's 3-Part Series "The Future of Inflation" in Finance & Development:

https://blog.supplysideliberal.com/post/2022/4/7/the-future-of-inflationruchir-agarwal-and-miles-kimball

"Ruchir Agarwal and Miles Kimball on Negative Interest Rates and Inflation—IMF Podcasts"

https://blog.supplysideliberal.com/post/2022/4/14/imf-podcast-ruchir-agarwal-and-miles-kimball-on-negative-interest-rates-and-inflation

Bibliographic Post on Negative Interest Rate Policy: "How and Why to Eliminate the Zero Lower Bound: A Reader’s Guide"

https://blog.supplysideliberal.com/emoney

"How a Toolkit Lacking a Full Strength Negative Interest Rate Option Led to the Current Inflationary Surge"

https://blog.supplysideliberal.com/post/2022/9/5/how-a-toolkit-lacking-a-full-strength-negative-interest-rate-option-led-to-the-current-inflationary-surge

"How Having Negative Interest Rate Policy in Its Toolkit Would Make the Fed Braver in Confronting Inflation with Needed Rate Hikes—A Tweetstorm"

https://blog.supplysideliberal.com/post/2022/12/28/how-having-negative-interest-rate-policy-in-its-toolkit-would-make-the-fed-braver-in-confronting-inflation-with-needed-rate-hikesa-tweetstorm

"Brad DeLong Confirms that Not Having Negative Interest Rate Policy in the Monetary Policy Toolkit Makes People Afraid of Vigorous Rate Hikes to Control Inflation"

https://blog.supplysideliberal.com/post/2022/10/1/brad-delong-confirms-that-not-having-negative-interest-rate-policy-in-the-monetary-policy-toolkit-makes-people-afraid-of-vigorous-rate-hikes-to-control-inflation

2 other relevant tweets:

Serious silliness: “There are re­ally good rea­sons for them to slow down if they can..I think they want to avoid paus­ing only to have to re-hike later, and get­ting down to 25 ba­sis points al­lows them the best chance of avoid­ing that pos­si­bil­ity”

https://twitter.com/mileskimball/status/1606107538772090880

On the Fed’s 3/4% hikes this year: “‘What’s im­pressed me to no end is it hasn’t bro­ken any­thing. For all the talk of crash­ing the econ­omy & break­ing the fi­nan­cial mar­kets, it hasn’t done that,’ said Fed gov­er­nor Christo­pher Waller last month”

https://twitter.com/mileskimball/status/1606107963407667200

"Next Generation Monetary Policy":

https://blog.supplysideliberal.com/post/2017/2/1/next-generation-monetary-policy

Durable Goods and Monetary Policy

I'm trying to get a link from Chris House directly on this. 

The Barsky, House, Kimball paper, "Sticky-Price Models and Durable Goods," is relevant to how bad an idea it is to ignore durables in models where monetary policy matters:

https://www.aeaweb.org/articles?id=10.1257/aer.97.3.984

"The Government and the Mob" (in the beginning of which which I am groping in 2013 toward what Acemoglu and Robinson say more clearly in The Narrow Corridor). 

"Miles's Tweetstorm of Favorite Passages from Noah Smith's Review of Brad DeLong's book ‘Slouching Towards Utopia’"

https://blog.supplysideliberal.com/post/2022/12/12/miless-tweetstorm-of-favorite-passages-from-noah-smiths-review-of-brad-delongs-book-slouching-towards-utopia

The Age of Em by Robin Hanson

https://en.wikipedia.org/wiki/The_Age_of_Em

Blog Posts Miles has Written Referencing The Age of Em:

"On Being a Copy of Someone's Mind"

https://blog.supplysideliberal.com/post/2019/8/18/on-being-a-copy-of-someones-mind

"Will Your Uploaded Mind Still Be You? —Michael Graziano"

https://blog.supplysideliberal.com/post/2019/9/29/will-your-uploaded-mind-still-be-youmichael-graziano

"Interstellar Travel and Uploaded Humans"

https://blog.supplysideliberal.com/post/2020/7/5/space-travel-and-uploaded-humans

"Consensual, Non-Solipsistic Experience Machines"

https://blog.supplysideliberal.com/post/2020/8/2/consensual-non-solipsistic-experience-machines

"Embodiment"

https://blog.supplysideliberal.com/post/2020/9/13/embodiment

Other Blog Posts Miles has Written on Consciousness (which are relevant to my using the phrase "digital humans" instead of "brain emulations")

"The Mystery of Consciousness" (My Unitarian-Universalist sermon on this topic)

https://blog.supplysideliberal.com/post/94309255267/the-mystery-of-consciousness

"On the Effability of the Ineffable"

https://blog.supplysideliberal.com/post/2019/8/4/on-the-effability-of-the-ineffable

"Christof Koch: Will Machines Ever Become Conscious?"

https://blog.supplysideliberal.com/post/2019/12/22/christof-koch-will-machines-ever-become-conscious

"Cyborgian Immortality" (the Ship of Theseus argument) 

https://blog.supplysideliberal.com/post/39212472423/cyborgian-immortality

Are We Already in a Simulated World?

"Frank Wilczek: Are We Living in a Simulated World?"

https://blog.supplysideliberal.com/post/2020/2/2/frank-wilczek-are-we-living-in-a-simulated-world

"The Virtual Reality Theory of Dualism"

https://blog.supplysideliberal.com/post/2019/10/27/the-virtuality-reality-theory-of-dualism

Looking Backward by Edward Bellamy: (as an example of what economics bloggers should each contribute toward a "Concrete Economics": a description of the world in 2075-2100 if 80% or so of one's recommendations were adopted)

https://en.wikipedia.org/wiki/Looking_Backward

"The Decline of Drudgery and the Paradox of Hard Work" (Keynes probably would be right in "...Grandchildren" that we'd be working less now if jobs were as unpleasant as they used to be. Also, if jobs getting more pleasant has a big effect on hours, it is hard for it to not have a really big effect on welfare. The broader context was that after food, shelter, clothing and consumer durables, people want enjoyable, meaningful jobs and then happiness of the sort that meditation helps with)

https://www.nber.org/papers/w29041

"Podcast: Miles Kimball on the Potential of a National Well-Being Index"

https://blog.supplysideliberal.com/post/2021/12/16/podcast-miles-kimball-on-the-potential-of-a-national-well-being-index

"Judging the Nations: Wealth and Happiness are Not Enough" (on a national well-being index)

https://blog.supplysideliberal.com/post/47017089094/quartz-8-judging-the-nations-wealth-and

"My Experiences with Gary Becker" (mostly on my research on happiness and well-being)

https://blog.supplysideliberal.com/post/84824118992/my-experiences-with-gary-becker


"Pushing aside GDP for a measure of human well-being turns out to be very, very difficult. Ask Dan Benjamin"

https://anderson-review.ucla.edu/the-unhappy-quest-for-a-happiness-index/

"Benjamin Franklin's Strategy to Make the US a Superpower Worked Once, Why Not Try It Again?" (on the national security case for more immigration, prompted by the question of what GDP is good for)

https://blog.supplysideliberal.com/post/60999482427/quartz-28-benjamin-franklins-strategy-to-make

"Why GDP Can Grow Forever" (on how weird GDP is as a welfare measure)

https://blog.supplysideliberal.com/post/2017/7/10/why-gdp-can-grow-forever

"How Economists Can Enhance Their Scientific Creativity, Engagement and Impact"  (Miles as one of the few economists who is a certified professional life coach offering free "Positive Intelligence" training to raise productivity and happiness, for example through taming one's inner critic)

https://blog.supplysideliberal.com/post/2020/9/10/how-economists-can-enhance-their-scientific-creativity-impact-and-engagement

Experiences of other economists in this program:

https://blog.supplysideliberal.com/post/2020/10/19/testimonials-for-positive-intelligence-1 

"Odious Wealth: The Outrage is Not So Much Over Inequality but All the Dubious Ways the Rich Got Richer" (related to the idea of dividing the economy up into about 20 sectors and solving a design problem of aligning the interests of business people with the common weal in each of those sectors)

https://blog.supplysideliberal.com/post/93469513195/quartz-50-odious-wealth-the-outrage-is-not-so

"Oren Cass on the Value of Work" (my endorsement of Morgan Warstler's EITC on steroids, which he argues for with right-wing rhetoric, along with the argument that work is good for the soul, which is why I am against universal basic income. However, I view child-rearing as real work, so I see a child tax credit as a much better policy than universal basic income.)

https://blog.supplysideliberal.com/post/2018/12/6/oren-cass-on-the-value-of-work-2

"Janet Yellen is Hardly a Dove—She Knows the US Economy Needs Some Unemployment" (I also talked about Morgan Warstler's proposal in the context of discussing efficiency wage theory in this Quartz column)

https://blog.supplysideliberal.com/post/63725670856/janet-yellen-is-hardly-a-dove-she-knows-the-us

"How and Why to Expand the Nonprofit Sector as a Partial Alternative to Government: A Reader’s Guide" (Bibliographic post on my proposal for raising taxes with all of them avoidable through a 100% charitable deduction up to that maximum (with more strict rules on what it's used for than the current charitable deduction). 

https://blog.supplysideliberal.com/post/133246182760/how-and-why-to-expand-the-nonprofit-sector-as-a

"Miles Kimball on John Locke's Second Treatise" (links to all my blog posts blogging through John Locke's 2d Treatise)

https://blog.supplysideliberal.com/post/2019/10/20/miles-kimball-on-john-lockes-second-treatise