Cecil Bohanon & Nick Curott: Russian war could change dollar’s status
When the U.S. government “weaponizes” the dollar, the certainty of dollar redeemability is eroded, as is its desirability as a currency.
Economic Analysis
Articles
Cecil Bohanon & Nick Curott: Don’t believe everything you read on the internet
Here are three simple tests for any claim: Does the claim sound plausible? Does the claim check out? Is there a cogent theory behind the claim?
Cecil Bohanon & Nick Curott: Spread’s rise is bad news for saving, the economy
With all due respect to our Keynesian colleagues, discouraging saving is bad policy.
Cecil Bohanon & Nick Curott: Higher government spending has fueled inflation
When the money supply increases faster than the output of goods and services, people spend the excess money. This causes prices to rise and the value of money to fall.
Cecil Bohanon & Nick Curott: Are sanctions enough to end Russia’s war?
There are two ways a country can obtain a good or service. Both require it to use its scarce domestic resources—notably its land, labor and capital—to that end.
Bohanon & Curott: Pondering Ukraine and concept of self-determination
The great economist Walter Williams said the primary economic justification for government is to protect its citizens from thugs, both foreign and domestic.
Bohanon & Curott: The response to Russia could lead to upheaval
After Vietnam, Iraq and Afghanistan, the USA hasn’t the political will to engage in another war.
Economic analysis: Supply chain crisis could spawn productive innovation
One of the marvelous attributes of a profit-driven system of free enterprise is that a crisis often spawns productive innovation.
Bohanon & Curott: Policymakers now need to rein in economic stimulus
The best way to assess how our policymakers have performed is by gauging how well they have kept the dollar value of income in the economy—what economists call nominal gross domestic product (NGDP)—growing on its expected path.
Bohanon & Curott: Local decisions are best for education matters
But what if a majority of voters or their legislative representatives think universities, or, for that matter, K-12 schools, should or should not teach certain ideas?
Bohanon & Curott: What’s good for the household is good for government, too
A major contribution Milton Friedman made to economics was his observation that most people don’t spend as much out of their windfall gains as they do out of increases in income that are more permanent.
Economic Analysis: We’re all hurt—and so is the market—by restrictive laws
Rules that restrict people from engaging in market exchanges are not only unjust—they also reduce wealth.
Bohanon & Curott: Early-retirement offer is great example of marginal analysis
It is no accident Ball State is targeting older, longer-tenured and higher-paid employees to reduce its costs.
Bohanon & Curott: Here’s why price ceilings are self-defeating
Price ceilings are self-defeating because they short-circuit the very process that mitigates the initial supply disruption.
Cecil Bohanon & Nick Curott: The optimist’s and pessimist’s view of our pesky inflation situation
Businesses are always greedy. Sometimes, greed causes businesses to lower prices; other times, to raise prices.
Bohanon & Curott: American’s billionaires are neither Scrooge nor Santa Claus
The primary way billionaires contribute to our well-being is not through their charity or beneficence. Rather, it is by the innovations they typically introduce.
Bohanon & Curott: Biden’s reappointment of Powell is right move
We are very pleased that President Biden plans to reappoint Jerome Powell as chairman of the Federal Reserve Bank. With all the economic uncertainty from the COVID omicron variant, rising inflation, supply-chain struggles and fiscal imbalances, this is not the time to rock the boat at the Fed with a new and untried leader.
Bohanon & Curott: Dual-family income to single income is not ‘bad’ outcome
The economic principle of revealed preference comes into play: what people do reveals their preferences. In the family’s own estimation, they are better off!
Economist: Pandemic recession has ended, but disruptions linger
Fifth Third Bank’s Chief Investment Strategist Jeff Korzenik told an Indianapolis audience Wednesday that the workforce crunch and sudden glut in downtown office space remain vexing problems, but Indiana is in solid position to take advantage of the return of manufacturing from overseas.
Cecil Bohanon & Nick Curott: Strong labor market gives workers chance to skill up
Another benefit of a robust labor market is that it gives employees, even those with few skills, the luxury of moving from one job to another, picking up new skills along the way and likely enhancing their lifetime productivity.