BOHANON & CUROTT: Viewing Ann Dancing through lens of a public good
The statue’s boosters are trying to raise $262,000 to ensure its permanent presence. Critics argue Ann has had her day and the funds could be better used elsewhere.
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BOHANON & STYRING: Economist honored by Trump is neither hero nor villain
The president just awarded 78-year-old economist Arthur Laffer the Presidential Medal of Freedom. Some call the namesake of the so-called Laffer curve a kook and a fake; others see him as a hero.
BOHANON & CUROTT: Overtime pay advocates, be careful what you wish for
Extending overtime pay to millions of Americans who aren’t currently eligible will burden millions of American businesses. But workers probably stand to lose the most.
BOHANON & CUROTT: June unemployment report helps explain crisis at border
Among the foreign-born residing in the United States, the labor-force participation rate is 65.8%. For the native-born population, the labor-force participation rate is lower: 62.9%.
BOHANON & CUROTT: Federal Reserve should not cave to political pressure
Investors now predict a 100% chance that the Federal Reserve will lower its interest rate target at its next meeting on July 31. The impending interest rate cut is a reversal of the Fed’s recent policy stance.
BOHANON & CUROTT: Income-redistribution schemes make for dubious public policy
With more than 20 candidates for president and perhaps more in the offing, lots of wacky policy proposals to redistribute income are bound to emerge.
BOHANON & CUROTT: Remember that increasing government benefits has a cost
Pick your poison: dysfunctional incentives for those who receive benefits or massive budget-busting programs.
BOHANON & CUROTT: Our spiraling debt will lead to crisis
The budget deal signed into law by President Trump spotlights the federal government’s fiscal irresponsibility.
BOHANON & CUROTT: Trade wars are not waged on level playing field
Any tariff the United States imposes on foreign imports can be offset by interventions in the currency market.
BOHANON AND CUROTT: Recession can’t be predicted by single indicator
Since at least the time of John Maynard Keynes, if not earlier, economic pundits have been looking for a “golden” economic signal that predicts economic downturns.
BOHANON & CUROTT: Trade-war cease fire would help economy—and Trump
Could President Trump’s decision to escalate trade tensions with China cost him re-election? If history is any guide, it probably will.
BOHANON & CUROTT: Manufacturing won’t revive Muncie—or any town
The future of older manufacturing towns is not in manufacturing. Economic development must be about more than attracting new smokestacks to old brownfields
BOHANON & CUROTT: A region where immigrants fulfill an economic need
Even the most horrendous human tragedies can have a silver lining—that is, if government policies don’t get in the way.
BOHANON & CUROTT: To serve shareholders, companies must also look out for stakeholders
Shareholders vs. stakeholders? A distinction without a difference?
BOHANON & CUROTT: Nordic countries aren’t actually socialist after all
The defining characteristic of socialism is collective ownership of property, particularly in productive resources of land, labor and capital.
BOHANON & CUROTT: The risk Bohanon would take to double his retirement
What if Bohanon had been allowed to invest his Social Security payments in common stocks?
BOHANON & CUROTT: Normal economic principles don’t jibe with NCAA rules
If a legally sanctioned private arrangement consistently relegates some “workers” to receive compensation that is much less than their marginal revenue product, expect major conflict.
BOHANON & CUROTT: Wealth-tax rates can be misleading
The distinction between stocks and flows is important in economic and business analysis.
BOHANON & CUROTT: Voters’ rational ignorance holds peril for all of us
In a national election, the odds of any one individual’s vote changing the outcome is close to nil.
BOHANON & CUROTT: Republicans once again preside over big jumps in debt, deficit
On Oct. 26, the Treasury Department announced the deficit for fiscal 2019 was $984 billion, a seven-year high and a 28% increase over 2018.