Latin America: A Lost Century for Catch-up Growth
It is common in talking about 1980s to refer to it as a “lost decade” for economic growth, when many developing economies around...
When “Liberation Day” Replaces “Infrastructure Week” Replaces “Groundhog Day” ™…
Trump on TruthSocial (Bloomberg):
“TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will...
How Much Will AI Increase Productivity?
It seems plausible that the developing AI technologies will improve productivity. I have friends and family who tell me how it is already...
Business Fixed Investment ex-IIP and Policy Uncertainty
A picture (or two) is worth a thousand words:
Figure 1: Sum of nonresidential equipment and structures investment, bn.Ch.2017$ SAAR (blue, left scale), and...
Roger Scruton’s Conservatism and Adam Smith
English philosopher Roger Scruton was knighted in 2016 for his contributions to philosophy, teaching, and public education. A conservative thinker, he drew on...
Losing Affection for GDP – Econlib
The more research I have done on economic statistics, appreciating the practical challenges, the less certain I am that we know anything solid...
