Books Review: “Little Economists” Volumes 1-5
Are you parenting a Banker, Business owner, Day trader, Venture capitalist, and/or Economist? These books are for you. Continue Reading →
Category Archives: Economic basics
Fixing GDP Problems Created in Washington DC
The answer is the mismanagement of information by the Trump administration. I’m going to discuss fixing GDP problems created in Washington DC. Continue Reading →
Economic Illiteracy and the Chattering Class
VDH got out over his skis on the Megyn Kelly show July 29. VDH is talking about Fed Chair Powell’s refusal to lower interest rates. Continue Reading →
Why the GDP Equation Subtracts Imports
GDP is gross domestic product. It measures total production, the total output of an economy. We use national income accounting to add up GDP. Continue Reading →
In Favor of High Drug Prices
Pres. Trump announced price controls on prescription drugs today. US prices are not too high. Other countries’ prices are too low. Continue Reading →
Wojtek Kopczuk on Tariffs
Prof. Kopzuk teaches international economics and policy at Columbia. Way back in November, he published a long Twitter thread on tariffs. Like any economist worthy of the title, he does Continue Reading →
December 2024 Inflation
Month-over-month December 2024 inflation was +0.39%, a 4.82% annual rate. Despite this, the Fed cut their target interest rate at their Dec. 17-18 meeting. Continue Reading →
Erica York Summarizes Tariff Impacts
Erica York put together the single best summary of tariff impacts on an economy. Another win for her. Read it here. Continue Reading →
What populists don’t understand about tariffs (but economists do)
“What populists don’t understand about tariffs (but economists do)” is a very readable essay by Kimberly Clausing and Maurice Obstfeld. Continue Reading →
Kamala Never Took an Economics Course
Kamala never took an economics course. She promises to reign in inflation by imposing price ceilings, ignorant of supply and demand. Continue Reading →