Estimates of the private-sector costs of civil litigation top out at about 2 percent of our gross domestic product, so for every $50 spent in the United States, $1 goes to support legal costs and settlements.
The holiday season in the United States has morphed into a time of concentrated purchases.
As you will learn in any good high school economics class, everyone values the future less than the present.
Fixing schools won’t be easy, but it begins with an honest realization of the problem—not mendacious malarkey.
I’ve noticed a growing number of experts who are confused and confounded by the rising stock market. They refuse to believe what their eyes are telling them…
Federal legislation dating from the Truman administration compels the Fed to try to achieve the lowest possible levels of unemployment and inflation. Unfortunately, minimizing both is not possible.
I think it is an idea that separates those who make decisions from those who want to talk about them and, in application, is an idea that distinguishes serious from unserious people.
The failure of the American Recovery and Reinvestment Act to deliver us from high unemployment will provide research grist for economists for decades to come.
He had been previously licensed to drive an M1 Tank and various smaller-tracked and -wheeled vehicles. Obtaining an Indiana license, he thought, would be easy. It was not.
From what I have seen and read, this documentary is destined to change radically our perception of schools, and those who stand in the way of fixing them.
It is good to look back on the recession and think about where we’ve been and how this recession stacked up against others.
The problem is that the reasons for business-location decisions change from time to time.
The expiration of the Bush tax cuts this January will further slow the economy, perhaps deeply.
For labor unions to survive, they must follow the path of their more successful brethren in trade unions.
If you’d like to satiate your interest in the domestic automobile market, may I recommend three fine books?
While the economy continues to recover, the pace is agonizingly slow. The reasons for this are becoming clear.
There are economic lessons here. The most important is that the value of things is necessarily determined by what is known in econo-jargon as utility.
Wartime familiarity should make us more tolerant of our differences and care more for one another’s children.
It begs the question, just what should economists be expected to know and how should we explain it?
The stimulus and array of bailouts have thus far done little to boost the economy. Neither is there good evidence they kept
things from getting worse.
