Adam Smith on Those Who Wish to Dominate Others
One of my long-ago professors–not an economist, and not a political conservative– sometimes said that Adam Smith was just flat out deeper and...
*Not* Making the Planes Run on Time
What exactly has the current administration gotten us? Not lower prices (as was promised). For now, not apparently safer skies.
Source: Bloomberg via ClaimsJournal.
So,...
Snapshots about the Federal Workforce
I saw some mention that there has been a sharp rise in federal civilian employment in 2023 and 2024. When I tracked down...
Envisaging a 40% Decline in Long Beach Container Traffic
“LA County ports expect roughly 40% drop in traffic as Trump’s tariffs continue”:
Figure 1: Long Beach inbound TEUs by month (blue), and 40%...
Near Horizon Recession Probability | Econbrowser
I run a probit regression of a NBER peak-to-trough recession dummy on contemporaneous Michigan sentiment (FRED variable UMCSENT, and final reading for March)...
Kenneth Arrow on Health Care: It’s Not What You Think
As a health reform discussion lengthens, the probability that someone will cite Kenneth Arrow approaches 1. Close behind is the probability that this...
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