Workers’ greater freedom to choose where to work suggests that downtown Indianapolis’ future depends on its ability to attract people as a place to live more than as a place to work.
If you look at the wrong things, such as how many enemy soldiers are killed, measures such as “cost-effectiveness” can become misleading.
Egg prices increased nearly 13 times faster than food prices in 2022 because a deadly poultry virus killed over 40 million hens.
The major differences between economists and non-economists are their assumptions about the goals of individual investors.
Staying the course is similar to patients continuing their treatment and taking their medications.
The growth of e-commerce is similar to the growth of mail-order firms in the late 1800s when transportation and mail-delivery improvements made it possible for firms to lower the costs of selling directly to customers.
If public funds were allocated to another public use or returned to the taxpayer, they would produce jobs in other sectors. Six of one, half a dozen of the other.
We love economics, but it is good for economists to get out of our bubble now and then.
The economics of the illegal markets makes such a war hard to win.
We want a military strong enough to defend us, but we also don’t want it to trample on our personal freedom.
When the Treasury borrows to finance its excess spending, other borrowers cannot borrow those funds to finance their excess spending.
Anyone willing and able to work can likely find some kind of employment in today’s economy. And that is always good news.
The world population is now growing at the slowest rate since 1950.
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.
The annual Business Outlook forecast from Indiana University Kelley School of Business, released Thursday, says predictions are tougher than usual to make due to aggressive increasing of interest rates by the Federal Reserve.
When looking at political issues, economists consider alternatives and tradeoffs.
Rising inequality was primarily because the richest quintile’s incomes increased faster than households in other quintiles.
Not much is newsworthy about a common-sense bill that passes with unanimous support.
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.”
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%.
