Featured
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The Airline Guide to Subjective Value
A full refund may balance an airline’s books, but it doesn’t make a stranded passenger whole. The difference illustrates one of economics’ most important insights: value is subjective.
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America Can’t Outgrow $40 Trillion in Debt
Stabilizing the federal debt through growth alone would require 7.3 percent annual real GDP growth. Nothing in our history suggests that’s remotely plausible.
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Univ. of Michigan’s Hidden Grades Will Backfire on Students
Hiding student grades may sound compassionate, but it will weaken an important signal of merit and push employers toward less transparent ways of sorting applicants.
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The Nixon Shock 55 Years Later: Three Impossible Promises
Nixon promised jobs, stable prices, and protection for the dollar. His “fixes” helped usher in a new era of inflation, debt, and monetary instability.
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When Paris Went Hungry Under Government Food Controls
During the French Revolution, authorities in Paris turned to “a series of ventures in price-fixing and food control” to ensure people did not go hungry. It didn’t work as planned.
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America Can’t Revive Manufacturing by Shunning Robots
America won’t outcompete China by restricting imports on robots. It will win by becoming the best place in the world to build and deploy them.
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The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.
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Don’t Let Washington Pick the Next Apple
BlackBerry’s collapse shows why consumers, not Washington, should decide which AI company wins the next technological revolution.
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Why Economists Leave Government Spending Out of Inflation Measures
The CPI captures the rising cost of private consumption while leaving the rising cost of government consumption out of the equation.
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Can Antitrust Regulators Learn to Trust Consumers?
Antitrust enforcement should preserve competition and respect consumer choice, not restrict both in pursuit of vague political goals.
-
•
The Airline Guide to Subjective Value
A full refund may balance an airline’s books, but it doesn’t make a stranded passenger whole. The difference illustrates one of economics’ most important insights: value is subjective.
-
•
America Can’t Outgrow $40 Trillion in Debt
Stabilizing the federal debt through growth alone would require 7.3 percent annual real GDP growth. Nothing in our history suggests that’s remotely plausible.
-
•
Univ. of Michigan’s Hidden Grades Will Backfire on Students
Hiding student grades may sound compassionate, but it will weaken an important signal of merit and push employers toward less transparent ways of sorting applicants.
-
•
The Nixon Shock 55 Years Later: Three Impossible Promises
Nixon promised jobs, stable prices, and protection for the dollar. His “fixes” helped usher in a new era of inflation, debt, and monetary instability.
-
•
When Paris Went Hungry Under Government Food Controls
During the French Revolution, authorities in Paris turned to “a series of ventures in price-fixing and food control” to ensure people did not go hungry. It didn’t work as planned.
-
•
America Can’t Revive Manufacturing by Shunning Robots
America won’t outcompete China by restricting imports on robots. It will win by becoming the best place in the world to build and deploy them.
-
•
The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.
-
•
Don’t Let Washington Pick the Next Apple
BlackBerry’s collapse shows why consumers, not Washington, should decide which AI company wins the next technological revolution.
-
•
Why Economists Leave Government Spending Out of Inflation Measures
The CPI captures the rising cost of private consumption while leaving the rising cost of government consumption out of the equation.
-
•
Can Antitrust Regulators Learn to Trust Consumers?
Antitrust enforcement should preserve competition and respect consumer choice, not restrict both in pursuit of vague political goals.