Cecil Bohanon and John Horowitz: Fed faces tough decision as inflation hovers higher than desired
We agree with our Texas Tech colleague Professor Alex Salter: “I would not want to be a central banker right now.”
Cecil Bohanon
Articles
Cecil Bohanon and John Horowitz: Politicians face paradox on trade deficit and federal debt
Channeling physicist Enrico Fermi’s approach of breaking down complex problems with simple numbers, Horowitz asked, “What does the U.S. spend on defense?”
Cecil Bohanon and John Horowitz: As universities shift, they hinder freedom of inquiry
They saw this shift in purpose as the cause of the turmoil at the time.
Cecil Bohanon and John Horowitz: Is the US footing the bill for pharmaceutical innovation?
Price discrimination often enables greater access to essential products and services, especially for low-income buyers, while providing companies with the revenue needed for future innovation.
Cecil Bohanon and John Horowitz: If you don’t want to increase the price, shrink the package
The Consumer Price Index is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Cecil Bohanon and John Horowitz: Will Pope Leo XIV build on economic principles from Leo XIII?
Pope Leo affirmed that “every man has by nature the right to possess property as his own.”
Cecil Bohanon and John Horowitz: Commissions are good incentives, but they come with trade-offs
Economists recognize that various rules and institutions typically emerge that establish incentives to deal with the problem.
Cecil Bohanon and John Horowitz: Trump’s policy on international trade shares principles with DEI
The implicit assumption is that a trade deficit in goods with any country is evidence that foreign countries discriminate against American goods.
Cecil Bohanon and John Horowitz: Mo’ money, mo’ taxes—but the rate rises in steps
The U.S. income tax system is progressive, which means that when one earns more, the tax rate rises in steps.
Cecil Bohanon and John Horowitz: If the trade policy ain’t broke, don’t fix it
That U.S. manufacturing capacity and output have declined is fake news.
Cecil Bohanon and John Horowitz: World trade is an ever-shifting balance
The balance of payments is an accounting device used to track a nation’s financial/economic interactions with the rest of the world.
Cecil Bohanon and John Horowitz: Artificial intelligence has downsides, but be open to its benefits, as well
Of course, we have lived through technological revolutions before.
Cecil Bohanon and John Horowitz: Trump’s creation of bitcoin reserve gives currency validation
The White House crypto-czar reports that the federal government currently owns about 200,000 bitcoins.
Cecil Bohanon and John Horowitz: Arguments supporting tariffs fail to account for what happens next
The government does not add to prosperity, upward mobility and economic security by forcing citizens to buy high-cost domestic goods instead of low-cost foreign goods.
Cecil Bohanon and John Horowitz: Egg prices show market is working
The increase in price serves two vital functions.
Cecil Bohanon and John Horowitz: The value proposition for social media is its users
In some ways, social media platforms are unlike traditional media platforms, such as radio and television. In other ways, they are very similar.
Cecil Bohanon and John Horowitz: Climbing rate of inflation suggests interest rates cuts in 2025 unlikely
Of course, all economic data is flawed, so the CPI statistics might be a fluke.
Cecil Bohanon and John Horowitz: The secret to better communication is agreeing on what you’re talking about
Conversations about our identities and relationships are about who we are, how we view others and how they see us.
Cecil Bohanon and John Horowitz: Yields on savings are up, but you need to act
Not raising rates, of course, enriches the banks.
Cecil Bohanon and John Horowitz: Study shows HB-1 visas also aid native workers
Randomly determining which firms win the visas is the gold standard for what economists call a “natural experiment” on the impact of H1-B visas on economic outcomes.