Cecil Bohanon & John Horowitz: Yes, printing money during COVID led to inflation
When the Treasury borrows to finance its excess spending, other borrowers cannot borrow those funds to finance their excess spending.
Cecil Bohanon
Articles
Bohanon and Horowitz: This Thanksgiving, there’s plenty to be grateful for
Anyone willing and able to work can likely find some kind of employment in today’s economy. And that is always good news.
Cecil Bohanon and John Horowitz: Fewer children partly attributed to pensions
The world population is now growing at the slowest rate since 1950.
Bohanon and Horowitz: Exact economic estimates merit your skepticism
Roberts writes that choosing what job to take, whom to marry, and whether to have children are wild problems. Federal Reserve monetary policy is also a series of wild problems.
Bohanon and Horowitz: Politics can’t be about what’s just right or wrong
When looking at political issues, economists consider alternatives and tradeoffs.
Bohanon and Horowitz: Data shows rich outpace poor in income growth
Rising inequality was primarily because the richest quintile’s incomes increased faster than households in other quintiles.
Bohanon and Horowitz: Most public-sector decisions are best left to lawmakers
Not much is newsworthy about a common-sense bill that passes with unanimous support.
Bohanon and Horowitz: Bernanke, other economists deserving of Nobel Prize
Specifically, the award to Bernanke “cited a 1983 publication establishing bank failures as key to the transformation of an economic recession into the most severe depression of the 20th century.”
Cecil Bohanon and John Horowitz: It’s unlikely we’re heading for another Great Depression
During the Great Depression, real price-adjusted Gross Domestic Product (GDP) fell every year, for four years, from 1929 to 1933 and by a cumulative 26.3%.
Cecil Bohanon and John Horowitz: Economist’s work provides insight into housing trend
Developers like the higher density, which increases profits, and homeowners like the increased amenities, like community clubhouses and playgrounds and control over the neighborhood
Bohanon and Horowitz: Gas prices don’t drive inflation
Inflation is not caused by rising prices of certain “key” items or “critical” inputs.
Cecil Bohanon and John Horowitz: Try viewing your work through the lens of duty
A satisfying job serves oneself and one’s family, the community and the larger society.
Cecil Bohanon and John Horowitz: Studies show, economics is a major that pays
We economics professors love our bragging rights. At Ball State, we advertise our economics major as “the major that pays.” Numerous studies back this up. Undergraduates majoring in economics earn more than those majoring in most other fields of study, the exception being engineering majors. Economics majors consistently earn more than other business school majors. […]
Cecil Bohanon and John Horowitz: Biden’s student loan plan is just a Band-Aid
These loans are a significant reason tuition is increasing.
Economic Analysis: Funding incentives encourage awarding higher grades
Perhaps the best bumper sticker for economics is: Incentives matter. This insight is vital in thinking about behavior, including how for-profit and not-for-profit firms operate.
Cecil Bohanon and John Horowitz: Higher taxes for the 1% won’t beat nation’s debt
Some suggest that only the “rich” should pay the increased tax revenue since they are not paying their “fair share.” Of course, what is a “fair share” is a matter of opinion.
Cecil Bohanon and John Horowitz: No corporation is going to pay new tax
Last week, the Senate passed a bill imposing a minimum alternative corporate income tax.
Cecil Bohanon and John Horowitz: Recession or not, the economy could be worse
We suspect inflation will eventually be conquered. We give even odds as to whether inflation has peaked.
Cecil Bohanon and John Horowitz: Welfare data doesn’t tell the full poverty story
When researchers try to include non-cash benefits, there are problems with the data.
Cecil Bohanon and John Horowitz: History repeats itself with theft of Ukrainian grain
History is sad, especially when it repeats itself nearly 90 years later.