GDP growth and rates of unemployment would never be the reason to question the Phillips Curve. Simple logic indicates that there’s no link between growth and inflation, and there never has been.
Why would Texas politicians, and Texas Republicans in particular, risk their hard-won pro-business brand for political posturing that vandalizes basic economics?
Bringing it back to the Republicans and the right, the rich get that way by doing remarkable things that make the U.S. the envy of the world. The rich are brilliant. Why would Republicans and the…
Translated for Foroohar, worker productivity is a magnet for the very investment that pushes wages upward. All of this is and so much more is lost on Foroohar. America’s economy deserves better.
That Amazon would place all sorts of demands on its third-party vendors is logical, and once again obvious. Lina Khan may know she has no case, but if she doesn’t, she could find it through the Eras…
Barr’s Google attack was contradictory, which is a waste of words. Any argument suggesting impregnable monopoly is by its very description contradictory. Worse for GOP is that Barr bragged that the…
Keynesian theory says governments can grow the economy with spending, but that too much government spending causes inflation. Monetarism, a Keynesian variant, claims that increases in so-called…
Here’s the why behind The Parkview Institute. The goal will be to optimistically correct all the misunderstanding that pollutes the opinion pieces of the dominant ideologies.
Wrapping its thoughtless actions in “national security” sanctimony, the Biden administration will weaken a U.S. always and everywhere made stronger by imports, all the while reducing the cost of war…
When Kimbal (brother of Elon) Musk brought the idea of an online directory of businesses to the head of the Toronto Star, he was dismissed haughtily for believing with his brother that the internet…
History says the governmental incompetence that Jenkins so routinely and expertly reveals doesn’t stop at our borders. Maybe past government waste will finally bring with it an upside.
Another benefit of globalized LNG markets will be the quieting of country autocrats who merely threaten to cut off the flow commodities, along with the pundits who have a naïve tendency to believe…
In prosperous economies the surest sign of prosperity is relentless job destruction. In 2020, we saw job destruction of a different kind whereby panicky politicians decided economic contraction was…
Congress is widely loathed by Americans who continue to overwhelmingly re-elect their own representative. This paradox speaks to the importance of strict term limits.
The problem with government can’t be found in how the funds it wastes are extracted, rather the problem can be found in the extraction. Eventually deficit hawks will realize this truth, that the real…
Every time a government shutdown happens, or is threatened to happen, economics reporters find economists at Goldman Sachs and other prestige institutions willing to tell them how much GDP will…
Banks, like any business, never run out of money. They run out of investor trust. That’s why the only capital requirement for banks should be no capital requirement. They only succeed insofar as they…
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