When the Treasury borrows to finance its excess spending, other borrowers cannot borrow those funds to finance their excess spending.
Anyone willing and able to work can likely find some kind of employment in today’s economy. And that is always good news.
The world population is now growing at the slowest rate since 1950.
Roberts writes that choosing what job to take, whom to marry, and whether to have children are wild problems. Federal Reserve monetary policy is also a series of wild problems.
When looking at political issues, economists consider alternatives and tradeoffs.
Rising inequality was primarily because the richest quintile’s incomes increased faster than households in other quintiles.
Not much is newsworthy about a common-sense bill that passes with unanimous support.
Specifically, the award to Bernanke “cited a 1983 publication establishing bank failures as key to the transformation of an economic recession into the most severe depression of the 20th century.”
During the Great Depression, real price-adjusted Gross Domestic Product (GDP) fell every year, for four years, from 1929 to 1933 and by a cumulative 26.3%.
Developers like the higher density, which increases profits, and homeowners like the increased amenities, like community clubhouses and playgrounds and control over the neighborhood
Inflation is not caused by rising prices of certain “key” items or “critical” inputs.
A satisfying job serves oneself and one’s family, the community and the larger society.
We economics professors love our bragging rights. At Ball State, we advertise our economics major as “the major that pays.” Numerous studies back this up. Undergraduates majoring in economics earn more than those majoring in most other fields of study, the exception being engineering majors. Economics majors consistently earn more than other business school majors. […]
These loans are a significant reason tuition is increasing.
Perhaps the best bumper sticker for economics is: Incentives matter. This insight is vital in thinking about behavior, including how for-profit and not-for-profit firms operate.
Some suggest that only the “rich” should pay the increased tax revenue since they are not paying their “fair share.” Of course, what is a “fair share” is a matter of opinion.
Last week, the Senate passed a bill imposing a minimum alternative corporate income tax.
We suspect inflation will eventually be conquered. We give even odds as to whether inflation has peaked.
When researchers try to include non-cash benefits, there are problems with the data.
History is sad, especially when it repeats itself nearly 90 years later.