BOHANON & CUROTT: Trade will remain robust after pandemic ends
What we call globalization is nothing new. Long-distance trade is as old as humankind.
What we call globalization is nothing new. Long-distance trade is as old as humankind.
Markets responded negatively to both Fed actions in March because the cuts themselves confirmed investors’ worst fears about the coronavirus’s impact on future profitability of American companies.
On March 3, the Federal Reserve cut its interest rate target by half a percentage point in a preemptive move to combat the economic risks caused by the coronavirus. Nevertheless, on March 9, the S&P 500 fell a stunning 7.6%.
Politicians often proclaim that certain goods and services such as health care, housing and internet service are human rights.
Trump’s proposal does little to address the rising tide of national debt.
On the surface, it seems an e-cigarette tax is a good idea. But upon further examination, it turns out the answer is tricky.
Good economic policies are predictable. Often, the predictability is more important than the particulars of the policy itself.
We economists do our best to measure changes in the cost-of-living over time. Yet we suspect that many components are difficult to capture in statistics.
The economic outlook for the United States this year isn’t pretty. But at least the situation looks better here than in most other major nations.
One of the biggest issues the Indiana Legislature will face in 2020 is what to do about K-12 teacher salaries.
Unlike government by despot or militia, institutions of collective choice prize discussion, deliberation, transparency, predictable process, compromise and accommodation.
Adjusting a 1902 college bill for inflation, the total comes to $5,954 in today’s dollars. However, another way of looking at college costs paints a somewhat different picture.
From wide perspective, decreasing fertility rates exacerbate the problem of slowing population growth. From the individual’s perspective, they reflect continued positive economic trends.
It seems to us that much of the conflict over teacher pay is the result of local districts running schools that the state pays for.
Under private property, if you sow and reap 100 bushels of corn—you keep 100 bushels. Under common property, it goes to communal warehouses and you’re lucky to get one bushel.
The cell phone replaced all its malefactors by giving consumers a better way of satisfying their wants. Good for consumers, but bad for the producers of outdated products.
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.
In a national election, the odds of any one individual’s vote changing the outcome is close to nil.
The distinction between stocks and flows is important in economic and business analysis.
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.