1+ hour, 38+ min ago  (333+ words) My university recently hosted a guest speaker. Among their content, they included some nominal macroeconomic values from pre-2020, back in the era when inflation was very low. That roughly includes the years 2012-2019. Truly, inflation stayed below 2% through February of 2021, but…...

10+ hour, 14+ min ago  (272+ words) Next week the Fed will almost certainly hold interest rates steady. Stephen Miran will probably dissent saying the Fed should be cutting rates. Kevin Warsh, Trump's nominee for Fed Chair, would also like to see cuts. But other prominent voices…...

10+ hour, 14+ min ago  (272+ words) Next week the Fed will almost certainly hold interest rates steady. Stephen Miran will probably dissent saying the Fed should be cutting rates. Kevin Warsh, Trump's nominee for Fed Chair, would also like to see cuts. But other prominent voices…...

1+ day, 14+ hour ago  (159+ words) Scott Winship and I wrote a detailed critique of the COTI, which I summarized in a previous blog post. Our critique comes from several angles, including correcting several major errors in COTI, as well as arguing that standard inflation adjustments…...

3+ week, 1+ day ago  (271+ words) A recent viral Tweet shares a political cartoon from 1894, which shows a worker being squeezed by high rents and low wages. The Tweet claims "the problem has only gotten worse." Can this be true? Are workers today actually worse off…...

3+ week, 3+ day ago  (227+ words) There is a steady flow of takes on the impact of AI on academic economics research, whether its the example of someone writing an ostensibly legitimate, if somewhat trite, research paper with only a few hours effort to the implication…...

4+ week, 22+ hour ago  (266+ words) Agricultural credit'Economist Writing Every Day In 2014 India required banks to offer no-cost accounts. This led hundreds of millions of people to open bank accounts for the first time, and more than doubled the number of Indian women who had a…...

4+ week, 22+ hour ago  (268+ words) Backward bending labor supply'Economist Writing Every Day In 2014 India required banks to offer no-cost accounts. This led hundreds of millions of people to open bank accounts for the first time, and more than doubled the number of Indian women who…...

1+ mon, 6+ day ago  (403+ words) Negative headlines tend to get more attention than bland positive titles. We have seen a lot of angst in the past few months over the massive capex spend by big tech companies, with questions over whether there will be adequate…...

1+ mon, 2+ week ago  (338+ words) Assumption 2) appears patently absurd on its face. I certainly cannot borrow at the same interest rate that the US Treasury can. QED. Do not pass go, do not collect $200. The yield on 1-year US treasuries is 3. 58%. I can't borrow at…...