Jumat, 07 Juni 2019

Futures forecasts

Torsten Slok at DB updates this lovely graph on occasion. Here's what it means. Fed fund futures are essentially bets on where the Feder...

Institutionalized nonsense

When, last week, the Treasury issued its currency manipulation report , I thought it was a joke. Treasury put Germany and Italy on its &qu...

Selasa, 28 Mei 2019

Cost divergence

Source: Marginal Revolution This lovely picture is from  Why are the prices so D*mn High ? by Eric Helland and Alex Tabarrok. (It's cove...

Selasa, 21 Mei 2019

Clemens on minimum wage

Jeff Clemens offers a "roadmap for navigating recent research" on minimum wages in a nice CATO policy analysis .  A review and a d...

Kamis, 16 Mei 2019

Two Videos

My Hoover colleague Russ Roberts just finished a nice video on inequality : Among other takeaways, he stresses that the people who were rich...

Selasa, 14 Mei 2019

Almost sane housing supply

California, despite being a one-party state, is actively debating SB50  that would over-ride local zoning laws and allow construction of apa...

Jumat, 10 Mei 2019

Financial Inflation?

Torsten Slok sends this lovely picture of the S&P500 and the price index for portfolio management and investment advice services. Torste...

Senin, 06 Mei 2019

Smith, MMT, and science in economics

Many blog readers have asked for my opinions of "Modern Monetary Theory." I haven't written yet, because I try to read about t...

Sabtu, 13 April 2019

Perpetually wrong forecasts

Torsten Slok of Deutsche Bank sends along the following fascinating graphs The titles seem a little off. Yes, the market is expecting rate c...

Selasa, 09 April 2019

Meer On Minimum Wage

David Henderson posts a thoughtful  draft op-ed by Jonathan Meer on minimum wages. Two talents of  great economists are to recognize that av...