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Economist Adam Smith Knew A Creep When He Saw One

by Henry I. Miller
Wednesday, July 27, 2016

It is remarkable to see broad and bipartisan majorities in both the House and Senate come together to pass this GMO disclosure legislation.

Featured

Growth In A Time Of Disruption

by Michael Spencevia Project Syndicate
Wednesday, July 27, 2016

Developing countries are facing major obstacles – many of which they have little to no control over – to achieving sustained high growth. 

In the News

Does California Really Have The '6th Largest Economy On Planet Earth?'

quoting Carson Brunovia Politifact
Tuesday, July 26, 2016

State Senate leader Kevin de León spotlighted California’s economic and social achievements during his speech this week at the Democratic National Convention in Philadelphia.

In the News

Worry About Lack Of New Banks, Not 'Record Profits'

quoting Stephen Haber, Charles Calomirisvia The Hill
Tuesday, July 26, 2016

The House Committee on Oversight and Government Reform just had a hearing about the Federal Deposit Insurance Corporation's (FDIC) application process for de novo (new) banks. The purpose of the hearing was to uncover why we have so few new banks of late: Is it the slow economy and low interest rates, the regulations or something else driving away new applicants? 

Blank Section (Placeholder)Analysis and Commentary

Argentina Redux?

by Charles I. Plosservia Defining Ideas
Tuesday, July 26, 2016

Congress is undermining the Federal Reserve’s independence by using it as a piggy bank.

Analysis and Commentary

A Cheap Economist Buys Lunch

by David R. Hendersonvia EconLog
Tuesday, July 26, 2016

"These Are The Mind Tricks Restaurants Use To Make You Spend More Money." So reads the title of a recent article warning people about the various psychological tricks restaurants use to cause you to spend more.

Incentives Matter for Politicians Too

by David R. Henderson
Monday, July 25, 2016

In a Facebook comment on my recent post on Peter Thiel and Donald Trump's foreign policy views, my friend Stephen M. Jones wrote (I quote with his permission): Tyler Cowen had an important post linking this article about Trump and Putin.

In the News

Secrets And Agents

quoting Michael Spencevia Economist
Saturday, July 23, 2016

In 2007 the state of Washington introduced a new rule aimed at making the labor market fairer: firms were banned from checking job applicants’ credit scores. Campaigners celebrated the new law as a step towards equality—an applicant with a low credit score is much more likely to be poor, black or young. 

Interest Rates
Featured

The Fed Missed Its Chance. Now What?

by Edward Paul Lazearvia Wall Street Journal
Thursday, July 21, 2016

The business cycle is peaking, with no interest-rate increase. The central bank has blown it. Still, better late than never.

Analysis and Commentary

A Badly Misleading Title

by David R. Hendersonvia EconLog
Wednesday, July 20, 2016

I'm back from my 18-day trip to my cottage in Canada and so, once again, I will be posting almost daily. I hate many things: one of them is price controls and another is badly misleading titles.

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Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple