December inflation: real aggregate wages fall as real average wages rise due to compositional effects Consumer inflation typically rises as expansions continue, and declines once recessions start. Once a recovery…

…if people are selfish, there are desirable incentive effects of income taxation. As is often the case, the results of 50 year old theory turn out to depend on the…

On the effects of COVID vaccination, Israel is the bellwether  I’m beginning to see some clickbait reports of COVID diagnoses after two doses of the vaccine, together with breathless reporting…

…so it’s important to understand both the economic effects of past immigration and the likely effects of mass deportation and/or imprisonment. I include imprisonment because it looks increasingly likely that…

…been similar to historical spending for FFS beneficiaries with both Part A and Part B coverage. However, the effects of favorable selection (prior to any coding differences) consistently cause 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…

…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…