…the Treasury officials lacked a vision for a banking system for the 21st century that was materially different that the one we have now. The flip side is if they…

…a very odd example to illustrate his ignorance of basic economic theory. He wrote [Obama’s] economic logic regarding the public option is hard to follow. Consumer choice and honest competition…

…deprive that colleague of his license of if a, strictly temporary, this is the 21st century, bit of physical restraint for his own good was needed. I might be wrong….

…depreciation program began in October 1933, even though all economic historians agree in began in mid-April 1933, when the exchange rate for the dollar began declining (against gold and against…

…very bad economic theory, is the notion that there was some sort of big economic boom at the end of World War 2. Case in point: Tyler Cowen links to…

by Mike Kimel This post appeared in the Presimetrics blog. Presidents, the Tax Burden and Corruption – Explaining Economic Growth One of the topics we cover in Presimetrics is the…

…always prevents war is an equally great illusion.” Economic rationality is an assumption. And it’s an assumption that is only approximately correct if you have a large set of economic…

…in 2022. Policymakers had allowed key economic relief measures to expire that helped families absorb the shock of the pandemic. Native American children have historically been painfully exposed to economic…

…that the new wave of Chinese firms expanding overseas in fact aligns with the trends of global economic development, and that they must make new breakthroughs if they are to…

A multi-level failure of the Summary of Economic Projections (which includes the dot plot) was partly to blame. People came looking for clarity. They got even more uncertainty and the…