your daily dose of economic commentary
An argument that contemporary elites adopt victimhood narratives for social status, contrasting past values of resilience and personal confrontation with a culture that incentivizes perceived fragility.
An argument that the Federal Open Market Committee faces challenging tradeoffs between managing inflation and unemployment, highlighting risks from tariffs and economic conditions.
An argument that counterfactuals in trade discussions can be justified through evidence, demonstrating that trade has generally led to positive economic outcomes despite claims of negative impacts.
Scott Horsley discusses President Trump's demand for the resignation of Fed governor Lisa Cook following accusations of her making false statements.
Business at architecture firms remains weak, with declining billings and challenges in converting inquiries into contracts, although there are slight signs of improvement in some sectors.
The author shares personal experiences about moving to Boston, using the train, and updates on academic work, while reflecting on various topics including media and gratitude.
Paul Krugman discusses the implications of Trump's immigration policies on civil liberties and the U.S. economy, emphasizing the potential negative economic impact of deportations.
Mortgage applications fell by 1.4% in the latest survey, influenced by rising rates, while year-over-year comparisons show some resilience in purchase activity.
A discussion on the shift from cobalt-based to cobalt-free batteries in electric vehicles, highlighting the implications for the Chinese market compared to the US.
A recall of frozen shrimp due to potential radioactive contamination is discussed, highlighting the low risk associated with cesium-137 exposure.
Jon Hartley discusses Richard Epstein's insights on property rights, law, economics, and their implications for constitutional interpretation and public policy.
Timothy Taylor reflects on Voltaire's insights about markets fostering cooperation among diverse people and the nature of money in society.
An argument that recent interest rates and monetary policy are influencing the labor market, with a focus on inflation and the effects of the AI boom on employment.
A decline in residential investment is analyzed, highlighting policy uncertainty and comparing recent data against forecasts and historical interest rates.
The post discusses Home Depot's response to immigration raids and its historical relationship with day laborers amid ongoing immigration enforcement.
The post discusses various economic stories, including consumer behavior, unemployment rates, Fed Chair candidates, credit card spending trends, and student loan misconceptions.
An argument that the abolition of the de minimis customs exemption restricts consumer freedom while benefiting certain domestic producers, highlighting the complexities of trade and government intervention.
The Associated Press reports that Air Canada will resume flights after settling a strike with flight attendants, impacting many travelers' plans.
An argument that compares the US and China's strategies for attracting global talent, highlighting the US's declining openness and potential consequences for its global standing.
Paul Krugman discusses the environmental and economic implications of AI development, particularly focusing on the risks of unsustainable investment and potential recession.