Cecil Bohanon and John Horowitz: No clear path to peace in Middle East conflict
The vicious circle of violence and revenge between France and Germany was ended by World War II, which killed 15 million soldiers and 38 million civilians.
John Horowitz
Articles
Cecil Bohanon and John Horowitz: Goldin’s work is worthy of Nobel economic prize
Claudia Goldin’s research found that childless men and women earn about the same, but having children reduces women’s earnings because they mainly bear the costs of combining work with family and have limited workplace flexibility.
Cecil Bohanon and John Horowitz: The Fed should keep interest rates where they are
The primary way the Fed tries to maintain low and stable inflation is through the target rate it sets for Fed Funds, which is the interest rate for overnight lending between U.S. banks.
Cecil Bohanon and John Horowitz: Indiana has seen more booms than it has busts
But 45 Indiana cities with a population over 10,000 but under 50,000 in 2020 had more residents than in 1970.
Economic analysis: What’s repugnant? Well, that changes over time.
We often look at past practices with disgust, but future generations will probably feel the same about some of our choices.
Bohanon and Horowitz: New York City can’t guarantee shelter for all oppressed
Economic reality is currently trumping political aspiration in New York City.
Cecil Bohanon and John Horowitz: Use valuable resources for valuable purposes
Of course, discerning eligibility and benefits for a firm or not-for-profit can be tricky, which is one reason consultants offer their services.
Cecil Bohanon & John Horowitz: A return of conscription anytime soon is unlikely
The Constitution’s framers feared large, permanent and professional armies. James Madison wrote, “Armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few.”
Cecil Bohanon and John Horowitz: China’s focus on building has left it at a crossroads
China’s economic growth over the last 40 years has been spectacular, making China the “workshop of the world.”
Cecil Bohanon and John Horowitz: Shareholder limited liability brings trade-offs
These stories remind us that modern corporations, where shareholders are granted limited liability, reflect a classic legal and economic trade-off.
Cecil Bohanon and John Horowitz: Partisan bickering undermines U.S. fiscal integrity
The top-line story is that the Fitch downgrade emerged from its perception that there “has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters” in the United States.
Cecil Bohanon and John Horowitz: No elite degree? High test scores matter more
Nevertheless, this and other studies find that attending an elite school has little to no effect on future earnings, as higher test scores alone predict higher earnings regardless of where one attends college.
Cecil Bohanon and John Horowitz: Constitutional reform needs to be taken seriously
Of course, people have different opinions about how hard constitutional change ought to be.
Cecil Bohanon and John Horowitz: Solving social problems requires trade-offs
Over 90% of the El Salvadoran public approves of the government led by Nayib Bukele, who calls himself the “world’s coolest dictator.”
Bohanon and Horowitz: Language, markets are organized spontaneously
Forty years ago, if you said, “Go Google it,” or, “Let’s meet up by Zoom,” the expressions would have been incomprehensible, and your friends might have wondered what was wrong with you. Yet today, they are commonly understood.
Bohanon and Horowitz: How your social network influences what you do
Economics considers individuals who cooperate with others through networks such as markets and institutions to achieve common goals.
Cecil Bohanon and John Horowitz: The tradeoff between innovation and safety
High-profile disasters focus attention on those dangers, and that focused attention makes people work to reduce those dangers.
Bohanon and Horowitz: The state of inflation, according to the TIPS spread
Invest $10,000 in a five-year TIPS today, and if the CPI rises 20% over the period, the bond’s payout at maturity will be $12,000.
Bohanon and Horowitz: Muncie has welcomed Afghan refugees in win-win
At latest count, some 38 households with 144 people from Afghanistan have settled in Muncie.
Cecil Bohanon and John Horowitz: Pollution drops as nations’ economies improve
In the United States, pollution emitted by manufacturers has steadily declined over the last several decades while output has increased.