Bohanon and Horowitz: New York City can’t guarantee shelter for all oppressed
Economic reality is currently trumping political aspiration in New York City.
Economic Analysis
Articles
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.”
Global inflation pressures could become harder to manage in coming years, research suggests
Rising trade barriers, aging populations and broad transition to renewable energy are trends that could make it harder for the Federal Reserve and other central banks to meet their inflation targets.
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.
U.S. consumer confidence jumps to highest level since early 2022
The Conference Board said that consumers’ fears of a recession declined in June, with 69.3% of respondents saying a recession is somewhat or very likely in the next 12 months, down from 73.2% in May.
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.
U.S. factory output nearly stalls as sector struggles for traction
The latest federal report suggests manufacturers are growing cautious in the face of tepid global demand and equipment spending.
Bohanon and Horowitz: Debt-limit bill shows compromise still exists
While the recent debt-limit bill did not solve the United States’ long-running fiscal problem, its process gives us a glimmer of hope.
Cecil Bohanon and John Horowitz: Is subsidizing a necessary evil? Maybe so.
A nation is ill-advised to depend on a potential military adversary for its entire supply of military-related goods.