December 28, 2018

The current government shutdown will persist, though not indefinitely as Republicans will ultimately blink.

December 27, 2018

Before we rush to the Fed's defense, this excerpt searches for a plausible reason to side with Trump against Powell. I still find the Fed to be correct and Trump wrong on interest rates.

July 7, 2018

The Unemployment Rate is a lagging economic indicator, however it could convey important information when it suddenly rises and it should not be dismissed summarily.

June 1, 2018

Historically low unemployment rates and no marked inflation! What to make of the so called short run inverse relationship between unemployment and inflation?

May 24, 2018

Constituent politics is often the enemy of what is good for us in the aggregate, but the problem is, we don't seem to notice, or care. Here is one possible instance.

May 24, 2018

The political business cycle phenomenon may be behind the decision by the Fed to keep interest rates unchanged in May. Here is a cursory look.

May 15, 2018

Regulating Big Pharma is a necessity even for a market economy. The presence of niche production means we have monopoly power and this is reinforced by the patent system.

April 30, 2018

The proposed merger between T-Mobile and Sprint will make the wireless service industry an Ugligopoly. My phrase for an oligopoly industry with greater incentives toward tacit collusion than competition. Here is why.

April 7, 2018

Satire can be extreme, but it can also be insightful... We start from the simple satire and work up to the complex reality and still end up with the same outcome- tariffs are bad.

March 10, 2018

An alignment of policies, actions, circumstances and rhetoric sees the Trump tariffs looking more like a winnable war of attrition.

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