…to overstate how central the unjustified label of “fiscal conservative” is to the Ryan brand and the GOP’s strategy. As Clinton understood in the 1990s, “fiscal responsibility” is a values…

Last Spring, some Democrats and liberals (Ed Schultz and Bernie Sanders spring readily to mind) who have somehow resisted the enlightenment of unfettered free markets suggested that high oil prices…

by Rebecca Wilder ECB Rates Policy is Clogged in Key Periphery Markets How the Euro area (EA) will grow, according to Mario Draghi: The outlook for economic activity should be…

…are (n-1)n/2 markets where 2 goods are exchanged; and in a monetary economy there are (n-1) markets where 2 goods are exchanged, one of which is money.” Cross-posted at Asymptosis….

By Rebecca Wilder European Policy Makers Don’t Understand But Markets Do So here we are: the Italian yield curve is flat at above 7%; the government institution is in question;…

…markets. The financial sector is assumed. Different financial possibilities are not allowed. Cocrane’s argument against restrictions on new financial instruments is based on the assumption that markets are complete. Such…

…For example, a paper that I just finished reading by Antonio Merino and Alvaro Ortiz (“Explaining the so-called ‘price premium’ in oil markets“) calculated that fundamental changes in supply and…

…of looking at this data is at the level of local (i.e. metropolitan area) markets. The following two charts present a sampling of house prices in some major metropolitan markets…

…Mr. Brooks would spend less time lecturing liberal economists on whether we trust markets (we do) and spend at least a little time trying to learn how markets actually work….

Political Markets I’ve referred to the Iowa Electronic Markets on political futures in past posts. The exchange creates contracts that pay either $0 or $1, depending on what happens. For…