Browsing: Economy
Models are indispensable. Reality is insanely complex. Mapping every possible interaction would be computationally impossible and utterly useless for understanding…
Research in economics often carries direct political implications, with findings supporting either right-wing or left-wing perspectives. But what happens when…
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To stabilize the debt-to-GDP ratio through productivity growth, we’d need to grow at an unrealistically fast rate. If productivity growth was…
Don Boudreaux reminds us that this is Adam Smith’s birthday or, at least, the birthday announced on his tombstone. For…
30-year yields down 25bps since the House passed One Big Beautiful Bill. It’s weird to me how this isn’t the…
I recently came across two interesting articles that got me thinking about trade balances. The first was written by Christopher…
That is the title of my latest Free Press essay. Here is one relevant excerpt: The suburbs of Toronto are…
Fittingly enough after writing an extended review about a book about the pitfalls of rules that don’t allow for exceptions,…
In our textbook, Modern Principles, Tyler and I contrast basic U.S. labor law, at-will employment—where employers may terminate workers for…