EconLog by Author and Letter

Scott Sumner

Why Scott Alexander is wrong

Property Rights May 1 2023

The cost of economic nationalism

Trade Barriers Apr 30 2023

The virtue of patience

Foreign Policy Apr 29 2023

Coasean economics in Irvine

Energy, Environment, Resources Apr 27 2023

Rising prices and falling output

Macroeconomics Apr 24 2023

Leftists and liars

Liberty Apr 23 2023

Millionaires prefer . . .

Cross-country Comparisons Apr 20 2023

The Fed as social psychologist

Macroeconomics Apr 18 2023

The cost of giving in to blackmail

Game Theory Apr 16 2023

Taiwan, the ROC, and Super Bowl XXXII

Politics and Economics Apr 13 2023

Greenspan on NGDP targeting

Macroeconomics Apr 12 2023

Profit margins and inflation

Macroeconomics Apr 10 2023

Alternative Approaches to Monetary Policy

Books: Reviews and Suggested Readings Apr 6 2023

FDIC and small banks

Finance Apr 4 2023

Am I a "liquidationist"?

Finance Apr 2 2023

Josh Hendrickson on the (other) alignment problem

Finance Mar 30 2023

The return of industrial policies

International Trade Mar 28 2023

Do banks create money?

Finance Mar 25 2023

A tale of two banks

Finance Mar 23 2023

The bigger bailout

Finance Mar 22 2023

Did the Fed cause the banking crisis?

Finance Mar 20 2023

Lyn Alden on Bank Safety

Finance Mar 18 2023

The wrong way to think about moral hazard

Finance Mar 15 2023

Time inconsistency in bank regulation

Finance Mar 13 2023

Promises, promises

Finance Mar 13 2023

"Bank management must be investigated"

Finance Mar 11 2023

Silver linings from inflation?

Macroeconomics Mar 9 2023

Strange rebels

Economic Philosophy Mar 7 2023

QE and low inflation are not alternatives

Macroeconomics Mar 5 2023

Fine for parking?

Economics of Crime Mar 2 2023

Uncomfortable truths

Cross-country Comparisons Feb 28 2023

The southwestern US has plenty of water

Energy, Environment, Resources Feb 26 2023

Poverty is crowded

Cross-country Comparisons Feb 24 2023

Some thoughts on progress, freedom, and happiness

Liberty Feb 22 2023

The internal contradictions of progressivism

Fiscal Policy Feb 20 2023

Arms are fungible

Trade Barriers Feb 19 2023

Do elections have consequences?

Politics and Economics Feb 16 2023

Correlation and causation

Behavioral Economics Feb 15 2023

Dutch housing shortage (TLDR)

Price Controls Feb 13 2023

Natural resources are overrated

Cross-country Comparisons Feb 11 2023

Nationalism is a negative sum game

Foreign Policy Feb 9 2023

Inconvenient views

Labor Mobility, Immigration, Outsourcing Feb 7 2023

A Chat on supply and demand

Economic Education Feb 5 2023

About that employment-population ratio

Labor Market Feb 3 2023

(Almost) nobody gets macro

Economic History Feb 2 2023

Fortunately, this isn't the Volcker disinflation

Labor Market Jan 31 2023

What if new housing does not reduce housing prices?

Free Markets Jan 30 2023

Update your priors

Economics of Crime Jan 28 2023

Time for Some Soul Searching

Macroeconomics Jan 26 2023

If things are going well

Macroeconomics Jan 25 2023

Feudalism in America

Property Rights Jan 23 2023

Zoning and "malinvestment"

Economic Growth Jan 22 2023

Should we become entangled with our adversaries?

International Trade Jan 21 2023

On reconsideration, Arthur Burns was still a bad Fed chair

Economic History Jan 18 2023

How to succeed without really trying

Politics and Economics Jan 16 2023

My 2021 mistake

Macroeconomics Jan 14 2023

Good news on inflation

Macroeconomics Jan 12 2023

The Decline of Growth

Economic Growth Jan 11 2023

Nationalism is Bad for Your Health

International Trade Jan 9 2023

Reputation Bubbles, Crime, and the EMH

Economics of Crime Jan 8 2023

Is Rapid Job Growth a Good Thing?

Labor Market Jan 6 2023

Garett Jones on Culture and Migration

Books: Reviews and Suggested Readings Jan 4 2023

Minor changes with major effects

Behavioral Economics Jan 2 2023

Bennett McCallum, RIP

Macroeconomics Jan 2 2023

Friedman as a critic of Keynesian economics

History of Economic Thought Jun 8 2021

The labor supply shock

Labor Market Jun 5 2021

Regulation can be painful

Economics of Health Care Jun 2 2021

How do deficits matter?

Fiscal Policy May 31 2021

A new model of the macroeconomy

Economic Education May 29 2021

That 1970s inflation

Finance May 27 2021

I'm still waiting

Efficient Markets Hypothesis May 25 2021

It's alright, Ma, change your lane

Liberty May 22 2021

Is digital currency a threat to banking?

Macroeconomics May 20 2021

Did a lab leak cause a global pandemic?

Public Health May 18 2021

What about bribery?

Economics of Crime May 16 2021

Ransom bleg

Economics of Crime May 14 2021

The problem with interest rate targeting

Macroeconomics May 12 2021

The real story

Economics of Health Care May 9 2021

A crazy idea: Tell the truth

Economics of Health Care May 8 2021

Fiscal policy and interest rates

Fiscal Policy May 5 2021

The Fed is not a passive observer

Macroeconomics May 3 2021

Capital gains nonsense, part 2

Cross-country Comparisons Apr 30 2021

Double taxation of coconuts

Economic Education Apr 29 2021

Lower property values? That's the point.

Energy, Environment, Resources Apr 28 2021

Capital gains nonsense

Taxation Apr 26 2021

Zoning, race, and ideology

Central Planning Apr 24 2021

What the wage data is telling us

Labor Market Apr 22 2021

Teenage employment has bounced back

Labor Market Apr 20 2021

You get what you pay for

Labor Market Apr 19 2021

The summer of 2021

Labor Market Apr 17 2021

What causes recessions?

Macroeconomics Apr 16 2021

Covid: The next issue

Economics of Health Care Apr 14 2021

The problem with environmental impact statements

Energy, Environment, Resources Apr 12 2021

Who are the experts?

Economics of Health Care Apr 11 2021

Why are economists losing prestige?

Energy, Environment, Resources Apr 10 2021

Which ideas are winning?

Moral Reasoning Apr 8 2021

The future belongs to the Squamish

Liberty Apr 6 2021

Robert Mundell, RIP

International Macroeconomics Apr 5 2021

No, the unemployment rate is not "meaningless"

Labor Market Apr 2 2021

How many people should we produce?

Moral Reasoning Mar 31 2021

The cultural impact of rent control

Price Controls Mar 29 2021

Cancel culture? Internet culture? Human culture?

Cross-country Comparisons Mar 27 2021

When to blame?

Incentives Mar 25 2021

Proactive and reactive COVID policies

Economics of Health Care Mar 23 2021

The professor vs. the markets

Macroeconomics Mar 22 2021

Will the Fed follow its rhetoric or its rule?

Macroeconomics Mar 21 2021

Did people eat two dinners in the 1970s?

Macroeconomics Mar 18 2021

How much should we borrow?

Fiscal Policy Mar 17 2021

Internal contradictions in progressivism

International Macroeconomics Mar 16 2021

Suggestions for the Reserve Bank of New Zealand?

Macroeconomics Mar 14 2021

Who gains under non-price rationing?

Free Markets Mar 12 2021

The old left and cancel culture

Liberty Mar 10 2021

Why is the UK doing so much better?

Cross-country Comparisons Mar 7 2021

Information, behavior, and frictions (short course on economics)

Economic Methods Mar 5 2021

Can economists be trusted?

Behavioral Economics Mar 4 2021

The COVID confidence man

Economics of Health Care Mar 2 2021

About those "bond vigilantes"

Macroeconomics Mar 1 2021

The two China policies

Economic Growth Feb 27 2021

One hundred years of solitude

Property Rights Feb 24 2021

The Mae West of energy sources

Energy, Environment, Resources Feb 24 2021

Correlation and causation

Family Economics Feb 22 2021

Dean Baker on wealth

Taxation Feb 21 2021

Promise to be irresponsible?

Macroeconomics Feb 18 2021

When is fiscal stimulus appropriate?

Fiscal Policy Feb 16 2021

The seen and the unseen

Politics and Economics Feb 14 2021

Free trade and free labor markets

International Trade Feb 12 2021

Hume, hockey sticks, and The Great Forgetting

Macroeconomics Feb 11 2021

What is this "monetary policy" that you refer to?

Income Distribution Feb 9 2021

Romney's child allowance proposal

Family Economics Feb 7 2021

Olivier Blanchard on monetary offset

Fiscal Policy Feb 6 2021

If it ain't broke . . .

Macroeconomics Feb 5 2021

The Covid election

Politics and Economics Feb 4 2021

Censorship is a two-edged sword

Liberty Feb 3 2021

My new article on MMT

Economic Education Feb 1 2021

Panda: Pandering to the public's ignorance

Economics of Health Care Jan 31 2021

The equity and efficiency of SALT cap repeal

Income Distribution Jan 29 2021

Nationalism, prejudice, and FDA regulation

Economics of Health Care Jan 28 2021

Selective outrage

Free Markets Jan 27 2021

Markets are good at allocating resources

Free Markets Jan 26 2021

Welfare states and the new (center) left

Economic Philosophy Jan 24 2021

Interest rates and housing affordability

Finance Jan 22 2021

Monetary Policy: AIT seems on target

Finance Jan 20 2021

Supply and aggregate supply are unrelated concepts

Labor Market Jan 19 2021

Regulation and Vaccines: It's much worse than you think

Economics of Health Care Jan 17 2021

The "mad scientist" problem

Economics of Health Care Jan 15 2021

China won the trade war

International Trade Jan 12 2021

Daniel Kaufmann on Swiss monetary policy

International Macroeconomics Jan 11 2021

There's no one behind the curtain

Economics of Health Care Jan 9 2021

Biden approves First Dose First!

Economics of Health Care Jan 8 2021

Why are stocks up today?

Politics and Economics Jan 7 2021

There are no non-Bayesians in a COVID foxhole

Economics of Health Care Jan 5 2021

Sadie Alexander: The First African-American Economist

Economic History Jan 4 2021

The costs of not maximizing aggregate utility

Economics of Health Care Jan 2 2021

Gold hoarding during the Great Depression

Economic History Jan 1 2021

Nice vaccine; pity there's no distribution mechanism

Economics of Health Care Dec 29 2020

Connect the dots

Incentives Dec 25 2020

The world is full of inflation

Macroeconomics Dec 23 2020

Praise and Blame: Meritocracy and Utilitarianism

Books: Reviews and Suggested Readings Dec 22 2020

It's not just housing

Free Markets Dec 20 2020

Understanding MMT

Macroeconomics Dec 19 2020

Whip ambiguity now!

Macroeconomics Dec 18 2020

The Swiss cost of living is too low

International Macroeconomics Dec 16 2020

No free lunch for government debt

Fiscal Policy Dec 15 2020

Death panels, euthanasia, and the conservative embrace of herd immunity

Economics of Health Care Dec 12 2020

That doesn't mean what you think it means

Macroeconomics Dec 11 2020

Simplifying the teaching of money

Economic Education Dec 10 2020

Krugman on the effect of increased money growth

Macroeconomics Dec 9 2020

When regulators engage in "white lies"

Politics and Economics Dec 5 2020

Relief, not stimulus

Fiscal Policy Dec 3 2020

Does Oklahoma have America's most pot-friendly regime?

Economics of Crime Dec 2 2020

Three MMT fallacies

Macroeconomics Nov 29 2020

A meta-theory of money/macro

Macroeconomics Nov 28 2020

Confusing claims regarding Mnuchin's recent Cares Act decision

Fiscal Policy Nov 27 2020

Further thoughts on MMT and net saving

Fiscal Policy Nov 25 2020

The importance of expectations

Finance Nov 24 2020

MMT bleg

Fiscal Policy Nov 23 2020

The relationship between identity and politics is complicated

Cross-country Comparisons Nov 21 2020

Postmodernism is not an inherently left wing ideology

Moral Reasoning Nov 20 2020

College grads and highly specialized societies

Politics and Economics Nov 18 2020

Conspiracy theories can cost lives

Economics of Health Care Nov 17 2020

Non-linearities in Covid outcomes

Cross-country Comparisons Nov 14 2020

Is Rand Paul actually wrong?

Economics of Health Care Nov 13 2020

There's nothing "WEIRD" about conspiracy theories

Nov 12 2020

The difficult politics of Covid

Economics of Health Care Nov 11 2020

The thing party vs. the idea party

Politics and Economics Nov 10 2020

About those Muslim immigrants to Germany

Economics of Health Care Nov 9 2020

Morning in America?

Labor Market Nov 6 2020

Some thoughts on polling

Moral Reasoning Nov 4 2020

A good night for libertarians

Liberty Nov 4 2020

How should we teach monetary policy?

Economic Education Nov 2 2020

The price of medical ethics (and fiscal stimulus)

Economics of Health Care Oct 30 2020

Arnold Kling on Modigliani-Miller and money

Macroeconomics Oct 28 2020

Parties become popular by taking unpopular stands

Politics and Economics Oct 28 2020

(Un)Orthodox economics

Politics and Economics Oct 26 2020

Look at money!

Macroeconomics Oct 25 2020

Two important and widely held views have been discredited

Efficient Markets Hypothesis Oct 23 2020

Is progressivism a scam?

International Trade Oct 22 2020

If you are not taxing consumption . . .

Tax Reform Oct 20 2020

Are rational people weird?

Liberty Oct 19 2020

All ideologies eventually (seem to) fail

Cross-country Comparisons Oct 18 2020

Vermont is a safe space

Cross-country Comparisons Oct 17 2020

When in doubt, don't imprison

Economics of Crime Oct 16 2020

Do politicians listen to economists?

Political Economy Oct 13 2020

Just how expansionary has the Fed actually been?

Monetary Policy Oct 11 2020

How soon we forget

Economic History Oct 10 2020

Trade deficit whack-a-mole

International Macroeconomics Oct 8 2020

Tim Duy on fiscal stimulus

Macroeconomics Oct 6 2020

Identifying monetary shocks

Labor Market Oct 6 2020

Special treatment for the powerful?

Moral Reasoning Oct 3 2020

This isn't a Keynesian business cycle

Fiscal Policy Oct 2 2020

The masquerading problem

Macroeconomics Sep 30 2020

Stephen Williamson on NGDP level targeting

Macroeconomics Sep 28 2020

Congress >>> economics profession

Macroeconomics Sep 25 2020

Taiwan's surprising boom

Cross-country Comparisons Sep 24 2020

The problem with court packing

Economic History Sep 22 2020

The lessons of Abenomics

Fiscal Policy Sep 21 2020

What do models tell us?

Economic Methods Sep 18 2020

The Fed can create money

Macroeconomics Sep 16 2020

Friends in high places

Public Choice Theory Sep 15 2020

The headline should match the article

Macroeconomics Sep 13 2020

Misinformation and foreign policy

Moral Reasoning Sep 11 2020

All Hail Lars Christensen!

Economic History Sep 9 2020

Fiscal stimulus also boosts inflation

Monetary Policy Sep 7 2020

Japan's new leader

Cross-country Comparisons Sep 5 2020

Something there is that doesn't love a wall

Liberty Sep 4 2020

Sweden and Taiwan revisited

Economics of Health Care Sep 2 2020

More men on the moon?

Public Goods Sep 1 2020

COVID-19 in the Western Hemisphere

Economics of Crime Aug 30 2020

How will we know if average inflation targeting is working?

Macroeconomics Aug 28 2020

A win for monetarism?

Macroeconomics Aug 27 2020

Philippe Lemoine on Covid-19 conspiracy theories

Economics of Health Care Aug 25 2020

What does the UK want from Brexit?

International Trade Aug 23 2020

Are the old opposed to progress?

Economic Growth Aug 21 2020

Herd immunity is not a number (part 2)

Economics of Health Care Aug 20 2020

What if the economy does not tank in August?

Fiscal Policy Aug 18 2020

No lion tamers at the Fed

Monetary Policy Aug 17 2020

The new McCarthyism

Liberty Aug 16 2020

Further thoughts on consumption and GDP

Macroeconomics Aug 15 2020

Consumption is not a part of GDP

Fiscal Policy Aug 14 2020

The wheel of ideology revisited

Economic Philosophy Aug 13 2020

Capitalists of the world unite!

Liberty Aug 12 2020

Conservatives and the mythical third way

International Macroeconomics Aug 11 2020

Sweden prediction

Labor Market Aug 9 2020

I've changed my mind on the Fed's mandate

Macroeconomics Aug 8 2020

The emerging war on thrift

International Macroeconomics Aug 6 2020

A Sword of Damocles for TikTok?

Game Theory Aug 5 2020

Rethinking the Great Recession

Economic History Aug 4 2020

How strong is the paternalist argument for drug regulations?

Economics of Health Care Aug 3 2020

Is utilitarianism WEIRD?

Moral Reasoning Aug 2 2020

Wasted ammunition?

Fiscal Policy Jul 30 2020

Should we root for second best policies?

Macroeconomics Jul 29 2020

The business cycle drives investment

Macroeconomics Jul 27 2020

'Profit' is a meaningless term

Tax Reform Jul 24 2020

Is stimulus costly?

Fiscal Policy Jul 22 2020

Free to build

Liberty Jul 20 2020

This is how it's supposed to work

Business Cycles Jul 18 2020

Herd immunity is not a number (it's a function)

Public Health Jul 16 2020

What we know about COVID-19

Public Health Jul 14 2020

Could it have been much worse?

Incentives Jul 12 2020

Progressivism goes off the rails

Moral Reasoning Jul 11 2020

Monetary economics: The three heresies

Economic Philosophy Jul 8 2020

2020 hindsight

Public Health Jul 6 2020

How is the US doing?

Public Health Jul 5 2020

Two countries, going in opposite directions

Economics of Health Care Jul 4 2020

The totalitarian temptation

Public Health Jul 3 2020

Reforming unemployment insurance

Labor Market Jun 30 2020

The Supreme Court is a follower, not a leader

Labor Mobility, Immigration, Outsourcing Jun 28 2020

Living on a one dimensional planet

Finance Jun 25 2020

Shooting ourselves in the foot

Regulation Jun 23 2020

Winter in Australia

Economics of Health Care Jun 21 2020

Keep government out of the media

Liberty Jun 18 2020

The Fed is unlikely to monetize the debt

Fiscal Policy Jun 17 2020

Should we trust elite opinion?

Politics and Economics Jun 15 2020

Stop asking the Fed about inequality (and start asking about inflation)

Income Distribution Jun 13 2020

Fewer laws, less police brutality

Economics of Crime Jun 12 2020

African-American lives matter

Moral Reasoning Jun 11 2020

Nationalism and tech

Politics and Economics Jun 8 2020

What does it mean to say a debt is "unsustainable"?

Fiscal Policy Jun 6 2020

Lockdowns are partly endogenous

Economics of Health Care Jun 4 2020

Herd immunity was never a feasible option

Economics of Health Care Jun 2 2020

A libertarian is a conservative who has been oppressed

Economics of Health Care Jun 1 2020

Highway 61 revisited

Politics and Economics May 31 2020

Kudos to the UK

Labor Mobility, Immigration, Outsourcing May 30 2020

Will we have a depression?

Economic History May 29 2020

Matt Yglesias on Hong Kong

Labor Mobility, Immigration, Outsourcing May 28 2020

Libertarianism, not libertarians

Economics of Health Care May 27 2020

When the personal becomes political

Politics and Economics May 25 2020

Richard Timberlake on the gold standard

Economic History May 24 2020

How should we evaluate policy?

Macroeconomics May 23 2020

A liberal world trading system: Who says no?

International Trade May 20 2020

Wrong headline

Moral Reasoning May 19 2020

Authoritarianism and lockdowns

Cross-country Comparisons May 18 2020

The pandemic and UBI

Incentives May 17 2020

Negative interest rates and negative IOER

Macroeconomics May 15 2020

Is health care discretionary?

Economics of Health Care May 13 2020

"Everyone has their reasons"

Economic Philosophy May 11 2020

Big government is not the solution; it's the problem

Economics of Health Care May 10 2020

The wrong debate

Cross-country Comparisons May 8 2020

There is no magic bullet

Cross-country Comparisons May 8 2020

Consumption shocks and debt

Fiscal Policy May 7 2020

Remember "Remember the Maine"?

Education May 6 2020

America has very high standards

Liberty May 5 2020

The main (economic) problem is social distancing, not lockdowns

Economics of Health Care May 4 2020

Trump's effusive praise of China's coronavirus response

Economics of Health Care May 3 2020

The good, the bad, and the ugly

Finance May 2 2020

The Fed is trying to solve the wrong problem

Macroeconomics Apr 30 2020

"national security reasons"

Liberty Apr 29 2020

Shouldn't the public decide?

Economics of Health Care Apr 28 2020

Further thoughts on the pandemic

Economics of Health Care Apr 27 2020

Update on flights from China

Moral Reasoning Apr 23 2020

The Financial Times on the internal contradictions of nationalism

Politics and Economics Apr 23 2020

Why the travel ban did not work

Economics of Health Care Apr 21 2020

Central banks can "magically" prevent disinflation

Macroeconomics Apr 20 2020

Typhoon

Books: Reviews and Suggested Readings Apr 17 2020

Distorted perceptions of risk

Behavioral Economics Apr 16 2020

Sweden is not the model (Taiwan is)

Cross-country Comparisons Apr 15 2020

The importance of federalism

Central Planning Apr 14 2020

Why did the markets miss it?

Efficient Markets Hypothesis Apr 13 2020

How do you say "deficits don't matter" in Italian?

Fiscal Policy Apr 10 2020

Don't regulate health and safety

Law and Economics Apr 8 2020

The least bad prediction of our post-coronavirus future

Efficient Markets Hypothesis Apr 6 2020

Multiplier misconceptions

Finance Apr 5 2020

Libertarianism dodged a bullet

Economics of Health Care Apr 4 2020

Our economy will likely reboot too slowly

Economics of Health Care Apr 3 2020

"This isn't the last such crisis we'll have"

Economics of Health Care Apr 2 2020

Hubris in the West

Cross-country Comparisons Mar 31 2020

The world is what it is

Behavioral Economics Mar 29 2020

Some misconceptions about wage stickiness

Free Markets Mar 28 2020

A battle fought on a million fronts

Austrian Economics Mar 26 2020

The white man's disease?

Cross-country Comparisons Mar 25 2020

Airlines frequently go bankrupt

Monetary Policy Mar 24 2020

Serendipity: California, the NBA, and the benefits of overreaction

Economics of Health Care Mar 23 2020

The fruits of nationalism

Economics of Health Care Mar 22 2020

Hope springs eternal

Fiscal Policy Mar 21 2020

The case for coercion is weaker than it looks

Economics of Health Care Mar 20 2020

The intuition behind the productivity norm

Monetary Policy Mar 19 2020

Scott Alexander on Herbert Hoover

Economic History Mar 18 2020

There's never been a worse time for fiscal stimulus

Fiscal Policy Mar 17 2020

The "d" word

Macroeconomics Mar 16 2020

The Fed didn't use even 10% of its "ammunition" today

Macroeconomics Mar 15 2020

Does anyone actually care about monetary and fiscal "ammunition"?

Fiscal Policy Mar 15 2020

Leaders are followers

Cross-country Comparisons Mar 14 2020

Why are markets so pessimistic?

Economics of Health Care Mar 12 2020

The answer: One week

Economics of Health Care Mar 11 2020

Dishonesty is a core nationalist value, perhaps the core nationalist value

Liberty Mar 10 2020

Only the Fed can do major "fiscal policy"

Fiscal Policy Mar 9 2020

Oh, so NOW you want our goods

Economics of Health Care Mar 7 2020

The Great Saving Shock of 2020?

Finance Mar 6 2020

State capacity in the US and Singapore

Economics of Health Care Mar 4 2020

The weird global coronavirus data

Economics of Health Care Mar 3 2020

Not all NGDP fluctuations are bad

Macroeconomics Mar 2 2020

Don't count on the government to protect you

Political Economy Mar 2 2020

Overheating forecast bleg

Macroeconomics Feb 28 2020

Fiscal stimulus doesn't require big government or budget deficits

Fiscal Policy Feb 27 2020

If we want things to stay as they are, things will have to change

Macroeconomics Feb 25 2020

Can monetary policy prevent an epidemic from hurting the economy?

Macroeconomics Feb 24 2020

Are the US and the UK political systems converging?

Cross-country Comparisons Feb 22 2020

Paul Romer's second critique of economics

Economic Methods Feb 20 2020

Is the US an outlier on health care spending?

Economics of Health Care Feb 19 2020

Currency Manipulation, Saving Manipulation, and the Current Account Balance

International Macroeconomics Feb 18 2020

We've seen this movie before

Fiscal Policy Feb 17 2020

Don't anthropomorphize the economy

Macroeconomics Feb 14 2020

Is Powell relying on help from fiscal policy?

Fiscal Policy Feb 12 2020

The Indian currency experiment

Macroeconomics Feb 11 2020

Be careful what you ask for

Regulation Feb 8 2020

Only incompetent central bankers control interest rates

Macroeconomics Feb 7 2020

Labor unions and the Electoral College

Labor Market Feb 5 2020

Marcus Nunes and Ryan Avent were right

Macroeconomics Feb 3 2020

No libertarian Brexit

International Trade Jan 30 2020

Authoritarian nationalism is bad for your health

Economics of Health Care Jan 30 2020

Trying to understand the Huawei threat

Foreign Policy Jan 29 2020

People are more consequentialist than they assume

Moral Reasoning Jan 28 2020

Doubts about education "reform"

Economics of Education Jan 26 2020

Capitalism is making the Chinese both better and happier

Economics and Culture Jan 25 2020

Yes, the system is rigged. But how?

Economic Growth Jan 22 2020

Which contentious issues are NOT partisan?

Politics and Economics Jan 21 2020

Identity cards also have costs

Liberty Jan 18 2020

NeoFisherism and QE pessimism

Macroeconomics Jan 15 2020

Black swans and eels

Macroeconomics Jan 13 2020

You can't have it both ways

Economics of Education Jan 10 2020

Monetary policy: Better to expect too much than too little

Labor Market Jan 7 2020

Do big cities help economic growth?

Politics and Economics Jan 5 2020

Bryan's 20-20 vision.

Labor Market Jan 2 2020

Price flexibility is stabilizing

Macroeconomics Jan 1 2020

David Siegel on pain medication

Economics of Health Care Dec 29 2019

Good news; Chinese defaults are rising rapidly

Finance Dec 26 2019

My 5 favorite books

Book Club Dec 25 2019

The new spending bill is a disaster

Economics of Health Care Dec 24 2019

Ryan Murphy's "Markets Against Modernity"

Behavioral Economics Dec 22 2019

Sunset, Earthrise

History of Economic Thought Dec 21 2019

Why so little home building?

Efficient Markets Hypothesis Dec 18 2019

Nationalism and corruption

Economics of Crime Dec 17 2019

Why trade wars don't work

International Trade Dec 14 2019

Good news for Trump

Cross-country Comparisons Dec 12 2019

Compared to what?

Economic History Dec 12 2019

Is the "War on Tech" just around the corner?

Industrial Organization Dec 10 2019

Paul Volcker's legacy

Macroeconomics Dec 9 2019

The business cycle is dying

Macroeconomics Dec 7 2019

Facts about life expectancy (true and false)

Economics of Health Care Dec 4 2019

Stress test the government?

Fiscal Policy Dec 2 2019

Don't expect too much from sanctions

International Trade Dec 1 2019

Another reason why income is misleading

Income Distribution Nov 30 2019

There is no Deep State

Politics and Economics Nov 28 2019

Bill Gates and Ohio auto parts factory workers

Information Goods, Intellectual Property Nov 25 2019

The return of "might makes right"

Violence and War Nov 24 2019

The best critiques are from within

Finance Nov 23 2019

Let's have more talk of "magic money trees"

Macroeconomics Nov 20 2019

About those Republican judges

Economics of Crime Nov 19 2019

Income tax rates are a misleading indicator

Income Distribution Nov 18 2019

Why has the natural rate of unemployment fallen to such a low level?

Labor Market Nov 16 2019

Putting the fun back into being a fungus

Incentives Nov 14 2019

Regulation creates concentration

Industrial Organization Nov 11 2019

The bubble in phony bubble calls

Efficient Markets Hypothesis Nov 10 2019

Why does Australia have mini-recessions?

Cross-country Comparisons Nov 7 2019

Pay attention to what people are not talking about

Fiscal Policy Nov 5 2019

The China (manipulation) shock and the (mostly) Trump fiscal shock

Fiscal Policy Nov 4 2019

Countries are not anecdotes

Cross-country Comparisons Nov 3 2019

Trump failed to save Big Coal; can Warren succeed?

Energy, Environment, Resources Nov 2 2019

Do spending caps work?

Fiscal Policy Oct 31 2019

Stall speed and mini-recessions

Macroeconomics Oct 29 2019

Duflo and Banerjee advocate bigger government

Cross-country Comparisons Oct 27 2019

Monetary offset is more mainstream than you think

Fiscal Policy Oct 25 2019

Can tariffs have a deflationary impact?

Economic Methods Oct 23 2019

Making Canada Great for the first time

Cross-country Comparisons Oct 22 2019

Will "soak the rich" make Democratic states feel blue?

Income Distribution Oct 21 2019

Theory and practice

Economic Methods Oct 19 2019

Is the UK about to become Canada?

Cross-country Comparisons Oct 16 2019

Credibility, predictability, consistency

Violence and War Oct 14 2019

Rational expectations isn't the problem; it's the solution.

Economic Methods Oct 12 2019

The complex roots of anti-Asian bigotry

Liberty Oct 10 2019

Killing two birds with one stone

Macroeconomics Oct 8 2019

Should presidents make policy?

Liberty Oct 7 2019

Do the "ends justify the means"?

Economics of Crime Oct 4 2019

What the Saudi oil shock tells us about monetary policy

Energy, Environment, Resources Oct 3 2019

Everyone's a monetarist (except when it comes to money)

Macroeconomics Oct 1 2019

Politics is the problem---trade is the answer

Economics and Culture Sep 30 2019

Are libertarians being purged?

Politics and Economics Sep 28 2019

What does the US want from China?

Free Markets Sep 27 2019

The curse of size

International Macroeconomics Sep 26 2019

Be careful what you wish for

Finance: stocks, options, etc. Sep 24 2019

So you don't believe in using PPP data?

Cross-country Comparisons Sep 23 2019

The Great Chinese Firewall

Liberty Sep 21 2019

Bubble mutual funds

Finance Sep 20 2019

Germany's real business cycle

Fiscal Policy Sep 19 2019

The market finds a way

Energy, Environment, Resources Sep 18 2019

Can innovation be sped up?

Economic Growth Sep 14 2019

The unsung success of Japan's recent fiscal policy

Fiscal Policy Sep 12 2019

The proper goal of education is utility, not learning

Economics of Education Sep 10 2019

Is Fed policy "premised importantly" on market monetarism being true?

Finance: stocks, options, etc. Sep 8 2019

Does price stickiness explain "lowflation"?

Macroeconomics Sep 6 2019

The coming technocracy

Liberty Sep 3 2019

A UBI will not eliminate poverty

Income Distribution Aug 31 2019

Using monetary policy as a political weapon

Macroeconomics Aug 29 2019

A trade war is not a carbon tax

Energy, Environment, Resources Aug 27 2019

Language trumps money

International Macroeconomics Aug 26 2019

There's no reason to go heterodox

Economic History Aug 24 2019

Not all pessimistic theories can be true

Microeconomics Aug 23 2019

How soon we forget

Finance Aug 22 2019

Industrial Policy: Shouldn't we actively encourage X, rather than just passively allow Y?

Central Planning Aug 20 2019

21st century problems

Education Aug 19 2019

How has Keynes's liquidity trap theory held up over time?

Economic History Aug 17 2019

What is the lesson from the East Asian miracle?

Economic Growth Aug 16 2019

Easy credit and tight money

Finance Aug 14 2019

The hardest problem in public policy

Labor Market Aug 12 2019

Should we discourage medical malpractice lawsuits?

Economics of Health Care Aug 10 2019

Blind faith in government

Economic History Aug 8 2019

Think of low interest rates as an outcome, not a tool

Macroeconomics Aug 6 2019

The laws of economics cannot be wished away

International Macroeconomics Aug 5 2019

Central banks should sell money, not give it away

Fiscal Policy Aug 2 2019

Beyond victims and villains

Economics and Culture Aug 1 2019

Eight claims about interest rates

Monetary Policy Jul 31 2019

Peter Thiel's pivot

International Macroeconomics Jul 30 2019

News from 2021

Law and Economics Jul 28 2019

Consumption and GDP

Income Distribution Jul 27 2019

Why the focus on non-residential investment?

Economic Growth Jul 25 2019

Recent studies of QE

Macroeconomics Jul 22 2019

The JEC report on the economy

Macroeconomics Jul 19 2019

Political issues of the 2020s

Regulation Jul 18 2019

Health care subsidies are almost impossible to reform

Economics of Health Care Jul 16 2019

Why both liberals and conservatives will lose on health care (in the short run)

Economics of Health Care Jul 16 2019

Good intentions are not enough

Economics of Crime Jul 14 2019

Public opinion regarding cash for kidneys

Liberty Jul 12 2019

Do longer expansions store up trouble for the future?

Macroeconomics Jul 10 2019

An epic example of wealth destruction

Energy, Environment, Resources Jul 9 2019

The market is the dog; the Fed is the tail

Finance Jul 8 2019

Appointing justices "such as Gorsuch and Kavanaugh"

Law and Economics Jul 7 2019

Don't ask the citizenship question

Politics and Economics Jul 5 2019

Two more widely held views

Labor Market Jul 5 2019

When doves fly

Macroeconomics Jul 3 2019

Two areas where I am out of step

Cross-country Comparisons Jul 1 2019

The greatness of Milton Friedman

Macroeconomics Jun 28 2019

Against political art

Economics and Culture Jun 26 2019

War by any other means

International Trade Jun 24 2019

Macro theory for all times and all places

Economic History Jun 22 2019

Does the Fed set monetary policy in Hong Kong?

Macroeconomics Jun 21 2019

The Trump administration's advice to Malaysia

International Macroeconomics Jun 20 2019

Poke out one of my eyes

International Macroeconomics Jun 18 2019

Freedom to travel

International Trade Jun 17 2019

What is the optimal NGDP growth rate?

Macroeconomics Jun 16 2019

Should the government step in?

Free Markets Jun 14 2019

Health care prices and quantities

Economics of Health Care Jun 12 2019

Annette Vissing-Jorgensen on Fed policy and interest rates

Macroeconomics Jun 11 2019

John Cochrane on currency manipulation in Germany and Italy

International Macroeconomics Jun 9 2019

Is the Fed inflating asset prices?

Finance: stocks, options, etc. Jun 7 2019

Advice to libertarians and progressives

Economic Growth Jun 5 2019

Five monetary policies

Macroeconomics Jun 3 2019

Lessons of 2008

Macroeconomics Jun 2 2019

The Fed's too slow

Central Planning May 31 2019

The China shock ended long ago

International Trade May 30 2019

More double standards

International Macroeconomics May 28 2019

Fiscal austerity in Japan

Fiscal Policy May 26 2019

The confusing terminology of monetary policy

Macroeconomics May 23 2019

"Things have changed"

Macroeconomics May 22 2019

George Warren, market monetarist

Finance May 21 2019

Virtue and vice signalling

Incentives May 20 2019

A little bit of knowledge is a dangerous thing

Economics of Health Care May 17 2019

The real wage myth

Labor Market May 15 2019

Who is most vulnerable in a trade war?

International Trade May 14 2019

Inflation is about monetary policy

Cross-country Comparisons May 13 2019

Save us from the (economic) puritans

Finance May 10 2019

How not to save for college

Fiscal Policy May 8 2019

Trillion $ Trump Tweets

International Trade May 6 2019

Sebastian Edwards on MMT and Latin American populism

Fiscal Policy May 3 2019

Individual truths, democratic truths, expert truths and market truths

Economic Methods May 1 2019

Backlash against whom?

Free Markets Apr 30 2019

Gérard Araud on the decline of neoliberalism

Free Markets Apr 28 2019

Changing places with Europe

Income Distribution Apr 26 2019

Does the Fed treat 2% inflation as a ceiling?

Macroeconomics Apr 24 2019

"The" output gap doesn't exist

Cross-country Comparisons Apr 22 2019

Don't use a snow shovel to sip a cup of soup

Moral Reasoning Apr 20 2019

Shoot to kill: Power, precision, sufficiency and the appropriate target

Macroeconomics Apr 18 2019

The sad decline of American democracy

Liberty Apr 17 2019

China's growth---what do we actually know?

Cross-country Comparisons Apr 16 2019

The strange endgame of protectionism

International Macroeconomics Apr 15 2019

How much has Brexit uncertainty slowed growth?

International Macroeconomics Apr 12 2019

The real MMT

Macroeconomics Apr 10 2019

Happiness pessimist, economic agnostic

Economic Methods Apr 9 2019

Reforming labor markets

Labor Market Apr 8 2019

Lucky to stabilize NGDP, not inflation

Cross-country Comparisons Apr 6 2019

Does MMT need a mathematical model? Or greater self-awareness?

Macroeconomics Apr 4 2019

Market mimicking monetary policy

Finance Apr 2 2019

The NGDP targeting boom

Macroeconomics Mar 31 2019

Spending must be paid for---but when?

Fiscal Policy Mar 28 2019

Inspector Clouseau is looking for clues

Macroeconomics Mar 26 2019

Good news on trade

International Trade Mar 24 2019

Change the culture

Economics and Culture Mar 23 2019

Cutting rates would not be reversing course

Macroeconomics Mar 22 2019

Steve Moore for the Fed?

Monetary Policy Mar 22 2019

Why is the public debt situation in Italy worse than in Japan?

Fiscal Policy Mar 21 2019

How to sell a new idea in macroeconomics

Macroeconomics Mar 19 2019

Who's afraid of taxing the rich?

Income Distribution Mar 18 2019

Why does the Fed oppose narrow banking?

Finance Mar 16 2019

Are economics textbooks too expensive?

Economic Education Mar 14 2019

Mankiw on teaching economics

Economic Education Mar 12 2019

Excessive debt doesn't cause inflation

Fiscal Policy Mar 9 2019

In search of monetary equilibrium

Macroeconomics Mar 9 2019

Three failures (MMT, statism, Keynesianism) and a (monetarist) success

Macroeconomics Mar 6 2019

America's increasingly incoherent trade policy

International Macroeconomics Mar 5 2019

Global factors don't determine US inflation

International Macroeconomics Mar 3 2019

More MMT follies (Sympathy for Krugman)

Macroeconomics Mar 1 2019

The wage decoupling mess

Income Distribution Feb 27 2019

Keynesianism, NeoFisherism, and MMT

Economic Philosophy Feb 26 2019

Alex Tabarrok on the kidney market

Economics of Health Care Feb 24 2019

About those "traditional models"

Macroeconomics Feb 23 2019

It's blackmail all the way down

Economics of Crime Feb 21 2019

Another big success for libertarianism

Economics of Crime Feb 20 2019

High-powered money (100 years of stability)

Macroeconomics Feb 18 2019

Lessons from the Golden State

Energy, Environment, Resources Feb 17 2019

Against blackmail

Law and Economics Feb 15 2019

When the shoe was on the other foot (A suggestion for Chinese trade negotiators)

Economic History Feb 14 2019

The European elite is playing a dangerous game

Macroeconomics Feb 11 2019

What does it mean to speculate that growth is faster than we think?

Growth: Consequences Feb 10 2019

How have US tariffs impacted China?

International Macroeconomics Feb 7 2019

The internal contradictions of liberalism and illiberalism

Economics and Culture Feb 5 2019

The US and China---more alike than you think

Information Goods, Intellectual Property Feb 4 2019

The gig economy, minimum wages, and unemployment

Labor Market Feb 2 2019

Outfoxed and conned, part 2

Regulation and Subsidies Jan 31 2019

If you don't want people to believe you will do X, then don't do X

International Macroeconomics Jan 30 2019

A brief intellectual biography

Economic Methods Jan 28 2019

MMT is wrong

Fiscal Policy Jan 25 2019

Do free markets create urban sprawl?

Energy, Environment, Resources Jan 24 2019

Lincicome on the China shock

International Trade Jan 21 2019

2% inflation changes everything

Macroeconomics Jan 19 2019

No exit?

Game Theory Jan 17 2019

Second thoughts on lead

Economics of Crime Jan 16 2019

What determines manufacturing jobs growth?

International Trade Jan 13 2019

Should governments invest more when rates are low?

Fiscal Policy Jan 11 2019

What sort of top income tax rate does the public favor?

Taxation Jan 10 2019

There is no such thing as public opinion, example #734

Taxation Jan 9 2019

Please abolish the Fed's balance sheet

Monetary Policy Jan 7 2019

The future of money

Monetary Policy Jan 6 2019

It's getting harder to influence the Fed

Macroeconomics Jan 3 2019

Alternative Money University

Economic Education Jan 2 2019

Government regulation: Even worse than we thought

Economics of Health Care Dec 31 2018

Let's not emphasize behavioral economics

Economic Education Dec 28 2018

Another neoliberal miracle

Cross-country Comparisons Dec 25 2018

Where are we overreacting today?

International Trade Dec 23 2018

The US is becoming more like Europe

Cross-country Comparisons Dec 21 2018

If I knew the answer to that question . . .

Finance Dec 19 2018

The many problems with public opinion

Politics and Economics Dec 18 2018

People, there's a whole world out there

International Trade Dec 16 2018

Just blow it all up?

International Trade Dec 14 2018

Regulation watch

Labor Mobility, Immigration, Outsourcing Dec 12 2018

Bitcoin is not a bubble

Finance Dec 11 2018

What should be regarded as property?

Information Goods, Intellectual Property Dec 10 2018

Parmesan cheese and Sunbucks Coffee

Information Goods, Intellectual Property Dec 9 2018

Monetary policy effectiveness: Regimes and instruments

Macroeconomics Dec 7 2018

Recession risk and the circularity problem

International Trade Dec 6 2018

How should we think about the theft of intellectual property?

Economics of Crime Dec 5 2018

Should the Fed purchase Treasuries only?

Macroeconomics Dec 5 2018

The politics of budget deficits

Fiscal Policy Dec 3 2018

The dog that isn't barking

Macroeconomics Dec 2 2018

Fun with life expectancies

Cross-country Comparisons Nov 30 2018

How should we think about Russian meddling in the 2016 election?

Moral Reasoning Nov 29 2018

Some thoughts on Powell's speech

Macroeconomics Nov 28 2018

Automation causes trade

International Trade Nov 26 2018

How important is economic growth? And can we do much about it?

Books: Reviews and Suggested Readings Nov 23 2018

Thanksgiving in Little Hill Village

Central Planning Nov 22 2018

Tonto's perspective

Moral Reasoning Nov 20 2018

Us and them

Economics of Crime Nov 18 2018

Extremism in the defense of subsidized liberty is a (conservative) vice

Macroeconomics Nov 16 2018

The Wizard of OZK

Finance Nov 14 2018

Teaching to the test

Regulation Nov 12 2018

Some thoughts on global warming

Energy, Environment, Resources Nov 10 2018

(Unconditional) prediction is overrated

Economic Growth Nov 8 2018

No more public mass transit infrastructure

Productivity Nov 6 2018

I don't find "monetary disequilibrium" to be a useful concept

Macroeconomics Nov 4 2018

Are workers paid their marginal product? Should they be?

Free Markets Nov 2 2018

The case for European health care

Economics of Health Care Oct 31 2018

Should the Fed pay attention to the stock market?

Finance: stocks, options, etc. Oct 29 2018

No equity/efficiency trade-off here

Public Choice Theory Oct 25 2018

Fed independence? Compared to what?

Monetary Policy Oct 25 2018

What wage mystery?

Labor Market Oct 24 2018

A not so happy ending

Price Controls Oct 23 2018

Two questions about commercial real estate lending

Finance Oct 21 2018

What's good for big tobacco . . .

Regulation Oct 18 2018

Pro-business but not pro-market

Politics and Economics Oct 16 2018

Why recessions are hard to predict

Macroeconomics Oct 14 2018

Decentralization and international affairs

Trade Barriers Oct 11 2018

Trade realism

International Macroeconomics Oct 9 2018

Nordhaus and Romer

Economic Growth Oct 8 2018

Expansions are getting longer, booms are not (plus Iran deal bonus)

Energy, Environment, Resources Oct 6 2018

The "cringe"

Law and Economics Oct 5 2018

Is maximizing "total wages" the right goal?

Labor Market Oct 4 2018

Why a federal minimum wage?

Labor Market Oct 3 2018

YIMBY!

Regulation Oct 2 2018

Fuzzy sets and the biggest scandal in economics

Monetary Policy Sep 30 2018

A Laffer Curve for government spending

Cross-country Comparisons Sep 29 2018

What can we learn from the Bank of England?

Monetary Policy Sep 27 2018

Reihan Salam on immigration

Labor Mobility, Immigration, Outsourcing Sep 25 2018

Micro vs. macro

Economics of Health Care Sep 22 2018

NIMBYism isn't just about housing

Property Rights Sep 22 2018

Rashomon in 2008

Macroeconomics Sep 19 2018

Are tariffs a big threat to China?

International Trade Sep 18 2018

Integrating immigrants

Labor Mobility, Immigration, Outsourcing Sep 16 2018

Bring back monetarism!

Macroeconomics Sep 14 2018

The new philanthropy

Economics and Culture Sep 13 2018

Did Lehman cause the Great Recession?

Macroeconomics Sep 11 2018

Who should be allowed to deposit money at the Fed?

Finance Sep 9 2018

Don't confuse accounting with causal relationships

International Macroeconomics Sep 7 2018

The Man Who Fell to Earth

Finance Sep 4 2018

Mugged by regulation

Regulation Sep 3 2018

Social democracy isn't socialism

Cross-country Comparisons Sep 2 2018

Tate Lacey sees hints of NGDP targeting in Powell's remarks

Macroeconomics Aug 31 2018

Who should pay for fixing externalities?

Law and Economics Aug 30 2018

Neoliberalism is not dead

International Trade Aug 27 2018

Why so little inflation?

Macroeconomics Aug 26 2018

The problem with sticky price models

Macroeconomics Aug 26 2018

How to judge a judge

Law and Economics Aug 23 2018

Italy: The real problem is real

Finance Aug 21 2018

Lots of axes to grind

Industrial Organization Aug 20 2018

Charter cities in China

History of Economic Thought Aug 18 2018

Interpreting public opinion

Politics and Economics Aug 14 2018

Be skeptical of surveys of public opinion, example #441

Economic History Aug 13 2018

The wisdom of Nick Rowe

Economic Education Aug 12 2018

The US will "lose" a currency war

International Macroeconomics Aug 11 2018

Let's transfer more technology to China

International Macroeconomics Aug 10 2018

Against the Electoral College (people, not cows)

Politics and Economics Aug 8 2018

Pro-market but not pro-business

Moral Reasoning Aug 7 2018

Keynesian fiscal policy is dead

Fiscal Policy Aug 4 2018

Post hoc ergo propter hoc

Macroeconomics Aug 3 2018

3 misconceptions about the yield spread

Finance Jul 30 2018

Inside Democrats, outside Republicans

Politics and Economics Jul 29 2018

How much value does the Chinese government place on freedom?

Family Economics Jul 27 2018

Ignorance is bliss (for the EU)

International Trade Jul 26 2018

Peter Navarro is losing

International Trade Jul 25 2018

State capitalism, part 2

International Trade Jul 24 2018

The moral hazard presidency?

Politics and Economics Jul 22 2018

Political Correctness in San Francisco

Economics and Culture Jul 20 2018

Is Fed policy too easy or too tight?

Macroeconomics Jul 17 2018

The chickens come home to roost

International Trade Jul 15 2018

Does immigration help the Dems?

Politics and Economics Jul 12 2018

If it walks like a duck . . .

Law and Economics Jul 11 2018

Are there any originalists?

Law and Economics Jul 8 2018

Process comes first

Law and Economics Jul 4 2018

Two articles on Fed policy

Macroeconomics Jul 2 2018

Is neoliberalism dead?

International Trade Jun 30 2018

The US and Turkey

Macroeconomics Jun 29 2018

Us and them

Economics and Culture Jun 27 2018

A stable cryptocurrency?

Macroeconomics Jun 25 2018

What causes recessions and "empressions"?

Macroeconomics Jun 23 2018

Is economic nationalism even possible?

International Trade Jun 21 2018

Do poverty programs reduce poverty?

Income Distribution Jun 19 2018

Out-foxed and conned?

Labor Market Jun 17 2018

What is the influence of wealth on demand?

Macroeconomics Jun 15 2018

Our New Design

Jun 13 2018

Why the Singapore summit might be a net plus

Foreign Policy Jun 12 2018

Good and bad nationalism

International Trade Jun 10 2018

Good and bad pardons

Liberty Jun 9 2018

FDR and George Warren

Economic History Jun 7 2018

Kevin Erdmann on the housing "bubble"

Efficient Markets Hypothesis Jun 5 2018

Neoliberalism is the worst system, except for all the others

Free Markets Jun 3 2018

Don't be afraid to catch a falling knife

Finance Jun 1 2018

What "austerity"?

Cross-country Comparisons May 29 2018

Should central banks become banks?

Macroeconomics May 28 2018

Moral responsibility

Economics of Crime May 27 2018

Cash for bonds

Macroeconomics May 24 2018

America bullies the world

International Trade May 22 2018

UBI vs. guaranteed jobs vs. wage subsidies

Income Distribution May 19 2018

Markets are inhuman (and that's a good thing)

Efficient Markets Hypothesis May 17 2018

Safe haven or tight money?

International Macroeconomics May 15 2018

Questions about Japan

Finance: stocks, options, etc. May 14 2018

How much idealism is ideal?

Labor Mobility, Immigration, Outsourcing May 12 2018

Monetary policy (mostly) determines nominal wage growth

Labor Market May 11 2018

Three contrarian opinions

International Macroeconomics May 10 2018

Leland Yeager, RIP

Economic History May 9 2018

A little bit of knowledge is a dangerous thing

Central Planning May 8 2018

Very bad news on housing

Regulation May 7 2018

Trade is not the problem

International Trade May 5 2018

Does the recognition lag give the Fed an alibi for 2008?

Macroeconomics May 2 2018

The monetary economics of the 2040s, today

Macroeconomics Apr 30 2018

Target the unbiased forecast

Macroeconomics Apr 28 2018

Macroprudential?

Finance Apr 26 2018

So you want my opinion?

Economic Education Apr 24 2018

Building more highways will reduce traffic congestion

Growth: Consequences Apr 22 2018

The US is unlikely to default

Fiscal Policy Apr 20 2018

Beware of macro survey questions

Economic Methods Apr 18 2018

Don't tax death

Tax Reform Apr 15 2018

It's that time of year again

Income Distribution Apr 13 2018

What empirical evidence should we trust?

Labor Market Apr 11 2018

When "deregulation" becomes crony capitalism

Politics and Economics Apr 7 2018

What happened in 2004?

Labor Mobility, Immigration, Outsourcing Apr 4 2018

FDR's immaculate inflation

Macroeconomics Apr 1 2018

Why stop at price level targeting?

Macroeconomics Mar 30 2018

From liberalism to illiberalism

Politics and Economics Mar 30 2018

How much leverage does America have in trade?

Game Theory Mar 27 2018

Getting out in front of the parade

Central Planning Mar 25 2018

What if Trump wins the China IP dispute?

Income Distribution Mar 22 2018

Forza Italia!

Mar 21 2018

The West was right about China

Cross-country Comparisons Mar 19 2018

Coase and Krugman

Economic History Mar 17 2018

Who are we?

History of Economic Thought Mar 16 2018

Functional capitalism

Free Markets Mar 14 2018

Norway's peculiar decision

Macroeconomics Mar 13 2018

Japan and market monetarism

Macroeconomics Mar 12 2018

The letter and the spirit of the law

Institutional Economics Mar 11 2018

You don't know what you've got till it's gone

Income Distribution Mar 9 2018

Two kinds of supply shocks

Macroeconomics Mar 7 2018

1973: Utopia or dystopia?

Energy, Environment, Resources Mar 5 2018

Imagine not knowing who the President is

Politics and Economics Mar 4 2018

The new fault lines

Politics and Economics Mar 3 2018

Trade war? What could go wrong?

International Macroeconomics Mar 2 2018

Don't give them anywhere to hide

Finance Feb 28 2018

Answering the wrong question

International Macroeconomics Feb 27 2018

Americans are richer and happier* than Europeans

Cross-country Comparisons Feb 26 2018

Bad news from China

Cross-country Comparisons Feb 25 2018

Don't use the Phillips Curve, destroy it

Macroeconomics Feb 24 2018

Will the Swiss adopt 100% reserve banking?

Finance Feb 23 2018

You get what you pay for

Income Distribution Feb 22 2018

Do deficits matter?

Fiscal Policy Feb 21 2018

There's no success like failure

Finance Feb 20 2018

Will Trump reverse Obama's H-4 program?

Feb 19 2018

Never reason from an interest rate spread

Finance Feb 18 2018

Please, don't experiment with monetary policy

Macroeconomics Feb 16 2018

Why are non-whites so libertarian?

Labor Mobility, Immigration, Outsourcing Feb 15 2018

Is Paul Krugman now too conservative for our textbooks?

Labor Market Feb 13 2018

Don't use monetary policy to boost wages

Feb 11 2018

What would a scientific cigarette policy look like?

Energy, Environment, Resources Feb 9 2018

Charlie Brown and the GOP

Fiscal Policy Feb 7 2018

Beckworth interviews Neel Kashkari

Macroeconomics Feb 6 2018

The National Review on Immigration

Labor Mobility, Immigration, Outsourcing Feb 4 2018

Monetary policy: The view from the markets

Macroeconomics Feb 2 2018

Further thoughts on Friedman's Presidential address

Fiscal Policy Feb 1 2018

A dilemma for libertarians: Should central banks be strong or weak?

Austrian Economics Jan 29 2018

Nebraskans are protected by the 4th amendment

Jan 28 2018

Bullseye!

Macroeconomics Jan 26 2018

Alternative Money University

Economic Education Jan 24 2018

Friedman's Presidential Address after 50 years

Labor Market Jan 22 2018

Just who are those "consumers"?

Cost-benefit Analysis Jan 20 2018

A tax by any other name . . .

Regulation and Subsidies Jan 18 2018

Whereof One Cannot Speak, Thereof One Must Be Silent

Economic Philosophy Jan 16 2018

Affirmative action for drug pushers? (I say yes)

Jan 15 2018

Squalor and immigration

Cross-country Comparisons Jan 13 2018

What do people believe about interest rates?

Macroeconomics Jan 11 2018

A blind spot at the New York Times

Liberty Jan 9 2018

Crime and civil liberties

Economics of Crime Jan 7 2018

Why I'm not a progressive

Cross-country Comparisons Jan 5 2018

We should focus on building "unaffordable" housing

Property Rights Jan 3 2018

Further thoughts on corporate income taxes

Dec 31 2017

Japan doesn't need easier money; the BOJ needs easier money

Macroeconomics Dec 29 2017

Much ado about very little

Regulation Dec 28 2017

Is QE effective? (Please don't ask)

Macroeconomics Dec 27 2017

I wish you a very neoliberal Christmas

Cross-country Comparisons Dec 25 2017

Is Portugal's drug policy a success?

Economics of Crime Dec 23 2017

Don't forget about opportunity cost

Cost-benefit Analysis Dec 22 2017

A penny for your thoughts

Money and Inflation Dec 20 2017

Some comments on tax incidence

Dec 18 2017

Three big natural experiments

Politics and Economics Dec 15 2017

Tyler Cowen and the Four Blind Men

Austrian Economics Dec 13 2017

What if I didn't favor NGDP targeting?

Macroeconomics Dec 10 2017

What's my core message?

Macroeconomics Dec 7 2017

What does it mean to say "The Fed did too much"?

Macroeconomics Dec 5 2017

Misconceptions about taxes

Income Distribution Dec 4 2017

House bill >>>>>>>>> Senate bill

Tax Reform Dec 2 2017

All hail Goushi Kataoka!

Macroeconomics Dec 1 2017

Powell's Senate testimony

Macroeconomics Nov 29 2017

Murder on the Orient Express

Macroeconomics Nov 28 2017

Old classical macro plus reallocation

Macroeconomics Nov 25 2017

Thanksgiving in Tesla Town

Nov 23 2017

Ryan Murphy on government effectiveness and growth

Cross-country Comparisons Nov 21 2017

How much do government workers cost?

Fiscal Policy Nov 19 2017

The third option

Macroeconomics Nov 18 2017

How should we evaluate Herbert Hoover?

Economic History Nov 16 2017

Do the right thing

Economics of Health Care Nov 14 2017

Should Fed bond holdings be restricted?

Macroeconomics Nov 12 2017

News flash: College students come from middle-aged parents

Income Distribution Nov 10 2017

David Beckworth interviews Doug Irwin

International Trade Nov 8 2017

Central banks should have listened to Eliezer Yudkowsky

Macroeconomics Nov 7 2017

Wait, did Bernie Sanders win the election?

Supply-side Economics Nov 4 2017

Jerome Powell as Fed chair

Macroeconomics Nov 2 2017

Better than expected, but will it survive?

Tax Reform Nov 2 2017

Bad policies lead to bad theory

Macroeconomics Oct 30 2017

Another Fed mistake from 2008

Macroeconomics Oct 29 2017

401k plans do not "subsidize saving"

Tax Reform Oct 27 2017

Do low taxes explain inequality?

Income Distribution Oct 26 2017

What can school choice accomplish?

Central Planning Oct 25 2017

The 1987 stock market crash

Finance: stocks, options, etc. Oct 23 2017

A breath of fresh air from John Cochrane

Macroeconomics Oct 21 2017

Voters don't hate inflation

Macroeconomics Oct 20 2017

Central bank infallibility is a core axiom of modern macro

Macroeconomics Oct 19 2017

Don't assume that irrationality is hard-wired into humans

Behavioral Economics Oct 18 2017

Rethinking Macroeconomics

Finance Oct 16 2017

1967 and 2008: Two botched policies

Macroeconomics Oct 14 2017

Bernanke proposes an inflation/price level hybrid target

Macroeconomics Oct 12 2017

Evidence for money non-neutrality

Macroeconomics Oct 11 2017

Congratulations to Richard Thaler

Behavioral Economics Oct 9 2017

Balance of trade data is not what you think

International Macroeconomics Oct 8 2017

Define "efficient"

Taxation Oct 6 2017

First as tragedy, then as farce

Central Planning Oct 5 2017

Roger Farmer on NGDP futures targeting

Macroeconomics Oct 4 2017

Milton Friedman wouldn't have been confused

Macroeconomics Oct 1 2017

Cultural Philistines and Marxism

Central Planning Sep 29 2017

Modern Art and Occam's Razor

Economics and Culture Sep 27 2017

The macroeconomic elite is definitely wrong about something

History of Economic Thought Sep 26 2017

America's middle class: 50 years of amazing progress

Wages and Salaries Sep 24 2017

Reply to Bryan on utilitarianism

Growth: Consequences Sep 23 2017

Don't change the forecast; change the policy

Macroeconomics Sep 20 2017

Beckworth interviews Summers

Macroeconomics Sep 19 2017

Does prosperity push us to the left?

Growth: Consequences Sep 17 2017

How should we encourage exports? (And should we?)

International Macroeconomics Sep 15 2017

How do we evaluate Robert Shiller's forecast?

Finance Sep 13 2017

Macro events (in big economies) don't have micro causes

Labor Market Sep 9 2017

Are most Americans radical libertarians?

Liberty Sep 6 2017

Larry Summers on the rise of monopoly power

Growth: Consequences Sep 4 2017

The labor market is not a reliable guide to policy

Labor Market Sep 2 2017

How deregulation can improve bank safety

Finance Aug 31 2017

The Real Problem was Nominal: Example #259

Finance Aug 30 2017

The root causes of natural disasters

Aug 28 2017

Precursors of NeoFisherism

Macroeconomics Aug 26 2017

The Fed can do what King Canute could not

Macroeconomics Aug 24 2017

Just how political is the Fed?

Macroeconomics Aug 23 2017

Never say never

Politics and Economics Aug 22 2017

All That Glitters Is Not Gold: A Parable

Aug 20 2017

Fifty years ago

Free Markets Aug 17 2017

Can the left and the right agree on a monetary reform plan?

Macroeconomics Aug 16 2017

Some thoughts on stock prices and risk of nuclear war

Finance: stocks, options, etc. Aug 13 2017

Neoliberalism is making the world much more equal

Cross-country Comparisons Aug 12 2017

More markets please

Free Markets Aug 11 2017

Don't be early in bubble predictions

Finance Aug 9 2017

I warned the Swiss that this would happen

International Macroeconomics Aug 7 2017

A note on the "natural" rate of interest

Aug 4 2017

Which bus would you take?

Macroeconomics Aug 3 2017

The economic news is not good

Politics and Economics Jul 29 2017

Do you really want to include capital gains?

Income Distribution Jul 25 2017

Germany is not the problem

International Macroeconomics Jul 19 2017

Sorry, I don't get the joke

Macroeconomics Jul 16 2017

What Bernanke was up against

Macroeconomics Jul 14 2017

Liu Xiaobo, RIP

Liberty Jul 13 2017

Gary Cohn as Fed chair?

Monetary Policy Jul 12 2017

David Beckworth interviews Steve Horwitz

Macroeconomics Jul 10 2017

Swift and Stevenson on economics

Books: Reviews and Suggested Readings Jul 9 2017

A correction on a previous post on Luddite theories

Labor Mobility, Immigration, Outsourcing Jul 8 2017

Confused by a price change

Jul 6 2017

The Phillips curve doesn't predict inflation

Labor Market Jul 5 2017

Lies, true lies, and statistics

Growth: Consequences Jul 4 2017

How long can the China boom continue?

Cross-country Comparisons Jul 3 2017

Free trade is on the march

International Trade Jul 2 2017

My views on monetary economics

Finance Jun 29 2017

How should we measure productivity?

Cross-country Comparisons Jun 26 2017

Nominal exchange rates, real exchange rates and protectionism

International Macroeconomics Jun 23 2017

What's causing the low inflation?

Macroeconomics Jun 21 2017

Immigration and growth

Labor Mobility, Immigration, Outsourcing Jun 19 2017

How much did poverty rise under Reagan?

Income Distribution Jun 17 2017

Larry Summers, market monetarist?

Central Planning Jun 15 2017

What monopsony power in the labor market looks like

Labor Market Jun 13 2017

The Fed needs a new "theory"

Macroeconomics Jun 12 2017

Does tribalism breed extremism?

Politics and Economics Jun 11 2017

The WSJ on the German trade surplus

International Macroeconomics Jun 9 2017

Should declining mobility impact monetary policy?

Labor Mobility, Immigration, Outsourcing Jun 7 2017

Real and nominal shocks

Macroeconomics Jun 5 2017

Two new picks for the Fed?

Finance Jun 3 2017

American banking: Socialism or laissez-faire?

Finance Jun 2 2017

Reasoning from a price change caused the Great Depression

History of Economic Thought May 31 2017

More Ginis please

Income Distribution May 29 2017

Saving, cost control, and infrastructure

Cross-country Comparisons May 27 2017

What if we had a financial crisis without tight money?

Finance May 25 2017

"Public opinion" is not what you think

Economics of Health Care May 24 2017

Prediction markets and loss aversion

Finance May 23 2017

The new Hypermind NGDP futures market

Finance May 22 2017

Wages are the key to the business cycle

Labor Market May 21 2017

Financial crisis or monetary policy failure?

Finance May 19 2017

Do robots reduce employment?

International Trade May 17 2017

What does Greece tell us about the AS/AD model?

Fiscal Policy May 15 2017

Good news on trade?

International Trade May 14 2017

Avik Roy on GOP health care reform.

Economics of Health Care May 12 2017

Is the Greek public debt actually "unpayable"?

Fiscal Policy May 10 2017

Is history cyclical?

Economic History May 8 2017

Policy needs to be symmetrical

Macroeconomics May 6 2017

Don't target unemployment

Labor Market May 5 2017

America: A dromedary, not a Bactrian camel

Income Distribution May 3 2017

Antiestablishmentarianism

Economics of Education May 1 2017

Generals fighting the last war

Fiscal Policy Apr 30 2017

How can there be a shortage of construction workers?

Labor Market Apr 28 2017

Ezra Klein on the Singapore health care miracle

Economics of Health Care Apr 26 2017

Trump and Le Pen

International Macroeconomics Apr 24 2017

Bretton Woods as a "guardrails" approach to monetary policy

International Macroeconomics Apr 24 2017

The "national defense" argument

International Trade Apr 21 2017

Let them eat quality?

Growth: Consequences Apr 19 2017

Does trade with China cost jobs?

International Macroeconomics Apr 16 2017

Avoid procyclical inflation

Macroeconomics Apr 14 2017

The public only thinks it likes low inflation

Macroeconomics Apr 13 2017

What housing supply glut?

Microeconomics Apr 12 2017

Murphy and Smith on NGDP and politics

Macroeconomics Apr 11 2017

Supply and demand both matter

Economic Growth Apr 9 2017

Might Trump actually end up promoting liberalism?

International Trade Apr 8 2017

A little bit of knowledge is a dangerous thing

Macroeconomics Apr 7 2017

What were the "costs and risks" of QE?

Macroeconomics Apr 5 2017

Heterodoxy at the AER

Economic History Apr 1 2017

Two Michigan cities

Mar 31 2017

The Great Recession, productivity and productivity growth

Economic Growth Mar 29 2017

Stocks did not crash this morning

Finance: stocks, options, etc. Mar 27 2017

Conservatives better hope that wages and prices are sticky

Economic Philosophy Mar 25 2017

Robert Frost and liberalism

Moral Reasoning Mar 23 2017

Interest on reserves and stock prices in 2008

Finance: stocks, options, etc. Mar 21 2017

Is a falling population contractionary?

Labor Market Mar 19 2017

Ricardo Reis on price level targeting

Macroeconomics Mar 17 2017

I'm becoming increasingly worried about AI

Terrorism Mar 14 2017

France's NIRA did just as poorly as America's

Labor Market Mar 13 2017

A dangerous myth about trade deficits

International Macroeconomics Mar 11 2017

Why I favor taxing subsidized goods

Regulation and Subsidies Mar 7 2017

Initial thoughts on Obamacare 2.0

Economics of Health Care Mar 7 2017

Why not both?

Central Planning Mar 5 2017

Do checks and balances reduce efficiency?

Economic Growth Mar 4 2017

Two popular views that can't both be right

International Macroeconomics Mar 2 2017

The (developed) world's 4th longest expansion

Labor Market Mar 1 2017

Don't appoint a bunch of business people to the Fed

Macroeconomics Feb 27 2017

Monetary offset in the UK?

Macroeconomics Feb 25 2017

What has Syria ever done for us?

Labor Mobility, Immigration, Outsourcing Feb 23 2017

A few predictions (Nothing will change)

International Trade Feb 22 2017

Whither the Ex-Im Bank?

International Trade Feb 21 2017

Beckworth interviews Eggertsson

Macroeconomics Feb 19 2017

The lump of labor fallacy

Labor Market Feb 17 2017

The problem is not tight money, it's unstable money

Macroeconomics Feb 16 2017

How to think about taxes

International Macroeconomics Feb 15 2017

Protectionism is not inflationary

International Macroeconomics Feb 13 2017

Are rising prices, interest rates and exchanges rates a good thing?

Feb 10 2017

The shocking truth about border tax adjustments

International Macroeconomics Feb 9 2017

Why do so many economists favor fiscal stimulus in Japan?

Fiscal Policy Feb 8 2017

Has President Obama changed the GOP?

Politics and Economics Feb 7 2017

How to identify shocks

Macroeconomics Feb 5 2017

Not all macroeconomic problems are recessions

International Trade Feb 4 2017

Macroeconomics makes progress, one dead prediction at a time

Economic Growth Feb 2 2017

Poverty is a far bigger problem than inequality

Income Distribution Jan 30 2017

The retaliation begins

Jan 28 2017

Puzzled by the border tax

Tax Reform Jan 28 2017

When does executive enforcement discretion spill over into lawmaking?

Law and Economics Jan 26 2017

How will the rise in nationalism impact the number of countries?

Jan 25 2017

Bernanke on monetary offset and monetary policy impotence

Macroeconomics Jan 23 2017

Arrival: Xi Jinping, Davos man

Liberty Jan 22 2017

AS/AD: Another suggested interpretation

Economic Education Jan 21 2017

Trumpism in China

Competition Jan 20 2017

China trade has been a boon to the US, China, and the world.

International Macroeconomics Jan 18 2017

The peculiar persistence of monetary policy denialism

Macroeconomics Jan 16 2017

Liquidity traps and stupidity traps

International Macroeconomics Jan 14 2017

Was Obamacare truly evil, or just a missed opportunity?

Economics of Health Care Jan 13 2017

Border tax bleg

International Macroeconomics Jan 12 2017

Monetary offset isn't really a choice, it's built in to policy

Fiscal Policy Jan 11 2017

Deficits always matter

Fiscal Policy Jan 10 2017

Spending on consumption vs. spending on investment

Macroeconomics Jan 8 2017

Utilitarianism: beyond victims and villains

Economic Philosophy Jan 4 2017