Are there any three words more often confused in the media? … This article will introduce basic – very basic – concepts. Frankly, no U.S. citizen should be allowed to vote unless they understand this stuff. Continue Reading →
Periodically, some politician decides that we need a shiny new minimum wage. Yes, their proposals always move in the same direction: higher. Continue Reading →
I know the Fed has to change their policies based on the most recent economic data. But doesn’t this seem a little fast and furious to you? Continue Reading →
Those two facts explain the Fed’s decision to cut the target Federal Funds rate by 25 basis points to a range of 3 1/2 to 3 3/4 percent. Continue Reading →
An “upheaval” at the Fed. On July 30, Vice Chair Michelle W. Bowman dissented from the FOMC’s July decision to not change interest rates. Continue Reading →
Erik Kaiser spent $1 million developing a factory in China. He offers some advice to those trying to manage trade with that country. Continue Reading →
The White House made 6 claims supporting tariffs. Erica York has evaluated them. The White House does not emerge unscathed. Continue Reading →
OBBB is “One Big Beautiful Bill.” TCJA is the 2017 “Tax Cuts and Jobs Act,” the very stimulative tax cuts of President Trump’s first term. Continue Reading →
There is a potential Supreme Court case regarding the Fed’s independence. The Federal Reserve is about to enter perilous waters. Continue Reading →
Here, I want to propose a new mandate for economic policymakers: first, do no harm. How should policymakers respond to adverse supply shocks? Continue Reading →