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.
Unless something is changed, it is also projected the trust fund will be depleted in 2035, when the system’s revenue will cover only about 80% of its promised benefits.
The framers increased the power of the national government compared to the Articles of Confederation so it could perform the functions of a national government.
Although a Gobstopper might be eternal, the tastes and preferences of consumers—even those with very little pocket money—are not.
One little heralded change was when the Fed moved in 2019 from a two percent inflation target to a two percent average inflation target.
Here are three simple tests for any claim: Does the claim sound plausible? Does the claim check out? Is there a cogent theory behind the claim?
With all due respect to our Keynesian colleagues, discouraging saving is bad policy.