Hoover Institution fellow John Taylor discusses his critique of the Fed, European Central Bank, and Bank of Japan policies.

It is especially painful for me, as an economist, to see that two small cities in northern California — San Mateo and Burlingame — have rent control proposals on the ballot this election year.

On Thursday I posted on the CEA's report on labor market monopsony. On Friday I posted Part II. Here is Part III. I analyze the report seriatim.

This month, the President's Council of Economic Advisers issued a 21-page report on labor market monopsony. It's titled "Labor Market Monopsony: Trends, Consequences, and Policy Responses." As with many reports issued by economists who are paid by government, it has a mix of good and bad ideas, and good and bad proposals.