…He measured what’s called total welfare, which is a combination of what’s good for networks, consumers, and merchants. Wang’s model assumes customers have multiple cards from which to choose. Merchants…

…that foreign sellers absorbed about 40 percent of the tariffs in 2018-2019, offsetting a significant portion of the burden on domestic buyers.   Before considering broader welfare effects, the paper’s partial-equilibrium accounting implies that…

…the nation of its ideology. They do it with what are best described as mottoes. Their focus on the Democratic Party being the enemy and labeling any action by the…

…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…

…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label…

…ridiculous. But it does have the advantage of carrying with it the Madisonian Freedom/Liberty tag, a label that the Koch right confers upon anything it wishes, because that surely will…

…political debates, is a disagreement about how far to turn the knobs when adjusting policy; it does not seem to call for a separate ideological label. That said, Mr. Konczal…

…that: think twice about calling it “income” — even with the Haig-Simons tag attached. I’ve received almost-universal pushback on the “comprehensive income” label, even from the most enlightened (and progressive)…

…From Calhoun, incredibly inaccurately labeled a “libertarian,” through the Agrarian Populist literary movement that was popular at Vanderbilt where Jim wanted to go but did not (he went to Middle…

…opponents of mechanization or advocates of short-time working, a reasoning they label as a misconception and which we know today under the label ‘lump of labor’ fallacy ‘. But the…