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Archie Hall

@archiehall.bsky.social
37K followers 968 following 827 posts

Writing for The Economist—mostly on the US economy, with occasional forays elsewhere. Recreational Britain-watcher. Previous lives in macro investing and polling. Substack at: notes.archie-hall.com

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Reposted by Archie Hall
Iain Mansfield @igmansfield.bsky.social · 02/10/2026
Friday Follow: Five Substacks that deserve to be better known. - notes.archie-hall.com - @archiehall.bsky.social - writing.ersatzben.com - Ben Johnson - soumayakeynes.substack.com - @soumayakeynes.ft.com - www.neilobrien.co.uk - Neil O'Brien - willorrewing.substack.com - Will Orr-Ewing
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Archie Hall @archiehall.bsky.social · 25/09/2026
New @economist.com leader from me on the perils of AI writing—and why readers, not writers, are the victims to worry most about. www.economist.com/leaders/2026...
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Archie Hall @archiehall.bsky.social · 24/09/2026
New @economist.com leader from me on housing markets, and the rate shock coming if bond yields stay high. Why house prices may be in trouble economist.com/leaders/2026...
economist.com
Why house prices may be in trouble
In a big serving of bad news, there are crumbs of comfort
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Reposted by Archie Hall
Matthew Holehouse @matthewholehouse.bsky.social · 23/09/2026
All the debate about MPs' "second jobs", and yet we don't really have consensus as to what the purpose of their first one is
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Archie Hall @archiehall.bsky.social · 23/09/2026
My latest for @economist.com: AI writing is taking over politics. 10% of what was is said in Parliament is now AI-drafted, per Pangram. Yet more in the House of Representatives, or in Australia and Canada. Link: www.economist.com/britain/202... And a 🧵 below, w/ some main offenders
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Archie Hall @archiehall.bsky.social · 10/09/2026
"Time to hike" New @economist.com leader on why Warsh should raise rates next week. The economic case is solid (high inflation, solid jobs market), but the institutional case clinches it—Warsh has the chance to put worries about his independence to bed. www.economist.com/leaders/202...
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Archie Hall @archiehall.bsky.social · 03/09/2026
New column reflecting on Jackson Hole and the state of central banking — Warsh did enough, surpassing low expectations — Rogoff was more interesting. He declared victory against "macro woke 1" (secular stagnation = low rates), warned of "macro woke 2" (AI fixes all) www.economist.com/finance-and-...
economist.com
Central banking has a forbidding future
But Kevin Warsh has bought himself time
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Archie Hall @archiehall.bsky.social · 28/08/2026
"Kevin Warsh tries being a normal central banker" A few initial Jackson Hole impressions, written w/ my colleague Alex Domash. Some quick notes in thread. But you can read our full piece here: www.economist.com/finance-and-...
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Archie Hall @archiehall.bsky.social · 26/08/2026
"America will regret Scott Bessent's bond-market misadventures" New @economist.com leader from me, on whether America has just taken a first, tentative step towards a politicised Treasury market and financial repression. You can read here: www.economist.com/leaders/2026...
economist.com
America will regret Scott Bessent’s bond-market misadventures
But expect them to continue, so long as government debt stays high
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Archie Hall @archiehall.bsky.social · 23/08/2026
Underrated story: the Trump admin seeming to use Fannie and Freddie to push mortgage spreads down. (Some of the recent decline also reflects falling bond vol, of course.) Discussed more here: www.economist.com/finance-and...
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Archie Hall @archiehall.bsky.social · 23/08/2026
Weekend read from me on the shenanigans on the Treasury market—and the problems Scott Bessent is dumping on Kevin Warsh Link: www.economist.com/finance-and-...
economist.com
Is Scott Bessent the Fed chair Donald Trump always wanted?
But his effort to talk bond yields lower is likely to fail
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Archie Hall @archiehall.bsky.social · 20/08/2026
BRITAIN WOULD BE BONKERS TO DITCH PALANTIR New @economist.com leader from me on Palantir. I most wanted to highlight its critics' troubling illiberalism—many seem far too blasé letting politics determine which businesses governments buy from. You can read it here: www.economist.com/leaders/202...
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Archie Hall @archiehall.bsky.social · 17/07/2026
How doomed are sovereign AI efforts? What can third countries do to escape total dependence on the US and China? My bid: diffusion, deregulation and data centres, as I lay out in a leader in this week's @economist.com. www.economist.com/leaders/2026...
economist.com
How to make AI safe—and lessen dependence on America and China
State-backed efforts to catch up with frontier models are doomed
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Archie Hall @archiehall.bsky.social · 09/07/2026
New leader from me in @economist.com—on Trump Accounts, which launched last weekend. $1,000 per baby won't solve America's inequality. Deficit-funded stock-buying is hardly sound fiscal policy. But... beneath all that gold is the seed of a good idea. www.economist.com/leaders/2026...
economist.com
Two cheers for Trump Accounts
The grubby scheme contains the seeds of a good idea
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Archie Hall @archiehall.bsky.social · 03/07/2026
IS THE ECONOMIST ALWAYS WRONG? Scandalously, in some circles @economist.com has a reputation as a contrarian indicator. This week we fessed up to getting a big call on oil prices wrong. But in general, how do we do? I threw LLMs at 7,000 leaders to find out: Link: www.economist.com/interactive...
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Archie Hall @archiehall.bsky.social · 03/07/2026
AMERICA SHOULD NOT IMPRISON FRONTIER AI I have a leader in @economist.com this week on the lessons from Fable, for America and everybody else. A few core ideas in a thread below, and you can read the full leader here: www.economist.com/leaders/2026...
economist.com
America should not imprison frontier AI
Fable is free. But the technology desperately needs better regulations
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Archie Hall @archiehall.bsky.social · 01/07/2026
This is great / thoughtful
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Reposted by Archie Hall
Ben Ansell @benansell.bsky.social · 01/07/2026
Another insightful post from @archiehall.bsky.social about when and why to use AI - separating out the different tasks one might use it for. notes.archie-hall.com/p/drawing-th...
notes.archie-hall.com
Drawing the line on AI writing, literally
A short visual follow-up to yesterday's post
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Reposted by Archie Hall
Iain Mansfield @igmansfield.bsky.social · 27/06/2026
Very much enjoyed and agreed with this pair of pieces by @archiehall.bsky.social. notes.archie-hall.com/p/am-i-a-wri...
notes.archie-hall.com
Am I a writing Luddite?
We should be ruder about AI prose
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Archie Hall @archiehall.bsky.social · 27/06/2026
A short follow-up post from me where I try, literally, to draw out where I think our boundaries for AI writing should be. I'd argue the two main dimensions that matter are: (a) how involved is AI, (b) is the writing mechanical or ideas-led? Read here: notes.archie-hall.com/p/drawing-th...
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Archie Hall @archiehall.bsky.social · 26/06/2026
What might a positive world full of AI writing look like? I had a go speculating in my (otherwise v negative) piece on the issue. — Infinitely nested, constantly-updating AI summaries — To lodge an idea in the discourse, persuade AI it's new Full piece: notes.archie-hall.com/p/am-i-a-wr...
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Ben Ansell @benansell.bsky.social · 26/06/2026
Great piece by @archiehall.bsky.social. Writing implies reading. Reading takes time and effort. Why should someone read content that they frankly could have asked an LLM to spit out themselves? notes.archie-hall.com/p/am-i-a-wri...
notes.archie-hall.com
Am I an AI Luddite?
We should be ruder about AI prose
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Archie Hall @archiehall.bsky.social · 26/06/2026
AM I A WRITING LUDDITE? New post from me about AI writing: why I think we should be ruder about it, and how I might be wrong. Read to the bottom for as clear-cut a case as I can make that the "Productive State" report was largely AI-written. notes.archie-hall.com/p/am-i-a-wr...
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Archie Hall @archiehall.bsky.social · 25/06/2026
ROBOTS, MEET VOTERS I wrote this week's cover leader for @TheEconomist on the politics of AI and how to navigate the coming backlash. Alongside our blood-curdling cover illustration, there were a few big ideas I wanted to get across. (🧵) www.economist.com/leaders/2026...
economist.com
The AI backlash is only getting started
Here is how to deal with it
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Archie Hall @archiehall.bsky.social · 18/06/2026
I took a swing at the grand transatlantic spat over GDP figures, and whether Europe really is falling behind America, in this week's @economist.com. Read on to see if I succeeded in sneaking in enough World Cup sugar to make the PPP-accounting medicine go down. www.economist.com/finance-and...
economist.com
Europe buys the future, America builds it
Does that matter? A high-stakes transatlantic spat has erupted over GDP figures
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Archie Hall @archiehall.bsky.social · 09/06/2026
Ahead of Kevin Warsh's first meeting as Fed chair, I argue in @economist.com that his case for dovishness has collapsed. At some point, he will need to deliver the bad news to the president. You can read my leader explaining why here: www.economist.com/leaders/202...
economist.com
The Federal Reserve must soon give Donald Trump bad news
Kevin Warsh, the unlucky new chairman, has seen his case for lower interest rates disintegrate
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Archie Hall @archiehall.bsky.social · 05/06/2026
Worth noting that if you take seriously--as I think one should--the idea that low net migration means the breakeven rate for payrolls in near zero, today's figures are even more stonking...
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Archie Hall @archiehall.bsky.social · 04/06/2026
I wrote this week's cover leader for @economist.com, on what we're calling Gen-Z socialism. We argue that the me-first interventionism the new crop of socialists are offering is novel and worth taking seriously. For now, market liberals are losing the argument. www.economist.com/leaders/2026...
economist.com
How to fight back against Gen-Z socialism
The me-first doctrine is a threat to prosperity
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Archie Hall @archiehall.bsky.social · 22/05/2026
Over the past year, American economic policy has been chaotic and self-destructive (think: tariffs, migration shutdown). Yet growth has been... fine. What gives? The answer, I argue in @economist.com, is that America could be doing even better. www.economist.com/leaders/202...
economist.com
American growth could be even better
MAGAnomics shows the world what not to do. But also what America keeps getting right
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Archie Hall @archiehall.bsky.social · 19/05/2026
America could have had a gangbusters 2025... were it not for a frenzy of bad policymaking. Careful work by my colleague Alex Domash recovering the "MAGA tax" on America's economy. He puts it at 0.7-0.8% of 2025 GDP growth. www.economist.com/finance-and-...
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Archie Hall @archiehall.bsky.social · 12/05/2026
A PRODUCTIVITY MIRACLE? Rich-world productivity growth was pronounced dead in the 2010s (or at least sleeping). But in America it has been decisively revived, I write in this week's @economist.com. Elsewhere in the world, rather less so. Link: www.economist.com/finance-and...
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Archie Hall @archiehall.bsky.social · 30/04/2026
Something of a Fed extravaganza in @economist.com this week. To start, my leader: "How Kevin Warsh could save the Federal Reserve". Warsh wasn't our chair pick. But one version of him may be just the man for this moment of political crisis for the Fed. www.economist.com/leaders/202...
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David Henig @davidheniguk.bsky.social · 22/04/2026
Lot of commentators are very miffed that global trade has resolutely failed to collapse several times in recent years. Governments even more so, not least the one in the US. A world they clearly don't understand if they think economies past were more resilient.
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Archie Hall @archiehall.bsky.social · 16/04/2026
My leader in this week's Economist, arguing that America's moment of bipartisan tax-cutting mania is an error: — Economically, it worsens the looming fiscal crunch — Politically, pulling voters out of the tax base kills incentives to care about good government www.economist.com/leaders/2026...
economist.com
America will come to regret its war on taxes
Lately, Democrats have joined the charge
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Reposted by Archie Hall
Iain Mansfield @igmansfield.bsky.social · 16/04/2026
Reminds me of when, in December 2022, we polled on what the Government had done well since being elected. At the time it was spending c. £10 billion a month subsidising everyone's energy bills, and yet:
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Archie Hall @archiehall.bsky.social · 16/04/2026
Have been waiting almost two years for the right article to smuggle this fact into. (From my leader on America's misguided war on taxes: economist.com/leaders/2026...)
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Archie Hall @archiehall.bsky.social · 15/04/2026
AMERICA'S TAX REVOLT Republicans and Democrats alike seem to be ditching the idea that most Americans ought to be paying very much in taxes at all. Increasingly, voters seem to agree. For Tax Day, I wrote about this troubling development for @economist.com. www.economist.com/united-stat...
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Archie Hall @archiehall.bsky.social · 02/04/2026
THE CRUELLEST YEAR Twelve months after "Liberation Day", I wrote for @economist.com on American manufacturers—supposedly the trade war's winners. Even they are sceptical: chaos, instability and paperwork have swamped the tariffs' competitiveness boost. www.economist.com/united-stat...
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Archie Hall @archiehall.bsky.social · 19/03/2026
UNITED PETROSTATES I look at how the oil shock will hit the US economy in @economist.com today—one that now exports 2/3 as much energy as Saudi Arabia. Growth will still sag, and the poorest get squeezed. But America is well-positioned to weather the hit www.economist.com/finance-and...
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Archie Hall @archiehall.bsky.social · 10/03/2026
NOT SO "K" America's "K-shaped" economy has become conventional wisdom—the idea that spending is booming for the rich and slumping for the rest, leaving growth top-heavy and precarious. Only one problem: as I write in @economist.com, it is probably wrong. 🔗: www.economist.com/finance-and...
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Iain Mansfield @igmansfield.bsky.social · 06/03/2026
First, AI kills the lawyers. Thoughtful, analytical and depressing piece from @archiehall.bsky.social. notes.archie-hall.com/p/britains-a...
notes.archie-hall.com
Britain's AI bear case
A handful of troublingly plausible ways the next decade could not go Britain's way
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Archie Hall @archiehall.bsky.social · 06/03/2026
BRITAIN'S AI BEAR CASE What happens, if AI takes off, to an economy that is... ... highly dependent on exporting professional services? ... Too energy-scarce to build many data centres? ... Less dynamic than ever? I work through those questions here: notes.archie-hall.com/p/britains-...
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Steven Mazie @stevenmazie.bsky.social · 20/02/2026
Now updated: an analysis of SCOTUS's decision blocking Trump's "emergency" tariffs, Trump's condemnation of the ruling and what comes next—from @archiehall.bsky.social and me www.economist.com/finance-and-...
economist.com
Donald Trump answers a Supreme Court rebuke with new tariff threats
The immediate economic impact will be more uncertainty
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Archie Hall @archiehall.bsky.social · 20/02/2026
Quick take on the tariffs news, from me and @stevenmazie.bsky.social: www.economist.com/finance-and-...
economist.com
The Supreme Court strikes down Donald Trump’s tariffs
His “emergency” levies are down, but not out
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Archie Hall @archiehall.bsky.social · 17/02/2026
The impact of Trump's attacks on the IRS, in two charts. From my latest for @economist.com. www.economist.com/finance-and...
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Archie Hall @archiehall.bsky.social · 05/02/2026
PEAK TARIFFS? As tariff rates surged in 2025, so did tariff revenues. But since the middle of last year, they have pretty much flatlined. Has America's tariff take peaked? I play with that idea for @economist.com this week. A few possible drivers there in a 🧵 below www.economist.com/finance-and-...
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Archie Hall @archiehall.bsky.social · 05/02/2026
WHAT IS WARSHONOMICS? Kevin Warsh's dovish pivot since Donald Trump won in 2024 is staggering. Over a 20+ year career, he has pretty much always been a hawk: until now. But on his real hobbyhorse, unwinding QE, Warsh remains remarkably consistent. My column: www.economist.com/finance-and-...
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Archie Hall @archiehall.bsky.social · 05/02/2026
Some reflections on Kevin Warsh as a prose stylist, from me in this week's "Money Talks" newsletter for @economist.com www.economist.com/newsletters/...
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Archie Hall @archiehall.bsky.social · 30/01/2026
Can a hawk change its feathers? A few thoughts on Kevin Warsh-- www.economist.com/finance-and-...
economist.com
What will Kevin Warsh’s Federal Reserve look like?
Donald Trump’s nominee was an inflation hawk—until he wasn’t
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Archie Hall @archiehall.bsky.social · 22/01/2026
AMERICA'S ABSENT BOND VIGILANTES Here's a remarkable fact: since last year, America's bond market has comfortably beaten all of its peers. Soaring deficits, attacks on the Fed, trade wars and Greenlandic aggression — all shrugged off. I look at why: www.economist.com/finance-and-...
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