Cecil Bohanon

Channeling physicist Enrico Fermi’s approach of breaking down complex problems with simple numbers, Horowitz asked, “What does the U.S. spend on defense?”

They saw this shift in purpose as the cause of the turmoil at the time.

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.

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.

Pope Leo affirmed that “every man has by nature the right to possess property as his own.”

Economists recognize that various rules and institutions typically emerge that establish incentives to deal with the problem.

The implicit assumption is that a trade deficit in goods with any country is evidence that foreign countries discriminate against American goods.

The U.S. income tax system is progressive, which means that when one earns more, the tax rate rises in steps.

The balance of payments is an accounting device used to track a nation’s financial/economic interactions with the rest of the world.

Of course, we have lived through technological revolutions before.

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.

The increase in price serves two vital functions.

In some ways, social media platforms are unlike traditional media platforms, such as radio and television. In other ways, they are very similar.

Of course, all economic data is flawed, so the CPI statistics might be a fluke.

Not raising rates, of course, enriches the banks.

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.

The wealthiest 20% of Americans pay most of the federal income taxes.