U.S. Economy

Displaying 61 - 70 of 1559

The Real Estate Boom in Vegas Is More Frenzied Than Ever

U.S. Economy

Blog05/17/2021

In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions. 

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Yes, Paul Krugman, Booms Are Unsustainable

U.S. EconomyU.S. History

Blog05/15/2021

Austrians do not question booms because they don’t like prosperity or because they have character defects. Rather, Austrians understand that booms involve lines of investment in areas of production that cannot be sustained.

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Biden's Family Leave Is Yet Another Attack on the Family

Bureaucracy and RegulationU.S. Economy

Blog05/11/2021

Only a bureaucrat would assume that putting a small child in public school is just as effective as keeping the child at home with a parent. Unfortunately for Biden, the research isn’t on his side.

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Why Is Economic Journalism So Bad?

Economic PolicyFinancial MarketsU.S. EconomyMonetary TheoryMoney and Banking

Blog03/16/2021

The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.

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What the Shipping Container Shortage Reveals about US-China Trade

Protectionism and Free TradeU.S. Economy

Blog03/16/2021

In a normal world, American spending would have sharply declined during the past year. But a flood of newly printed money has juiced spending and imports. 

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Commercial Real Estate: Too Much Debt, Not Enough Assets

Financial MarketsU.S. Economy

Blog03/13/2021

It’s possible the pandemic will fizzle, someone will snap their fingers, and everything will revert to the precovid economy. But indications are that commercial real estate will take lumps, some that will be fatal. 

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The New New Deal Has Already Arrived. Thank the Covid Panic.

U.S. EconomyU.S. History

Blog03/13/2021

The new covid relief bill signals that whatever restraint on public spending existed before 2020 is now all but gone. And the bill represents the beginning of a new era: an era that can be likened to that of the New Deal. 

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The V-Shaped Recovery Never Happened

U.S. Economy

Blog03/06/2021

Some may remember all that talk about a "V-shaped recovery" last year. That was back when we were being assured that just a few weeks of lockdowns was going to bring the economy roaring back. Clearly, that never happened. 

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American Households Made Economic Gains before Covid, but This Progress Can Be Lost

U.S. EconomyU.S. History

Blog02/26/2021

Before 2020, there were growing signs of increasing economic prosperity for a wide variety of income groups in America. Whether or not this prosperity survives covid lockdowns and ever higher levels of government regulations remains to be seen.

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The High Cost of Using the Minimum Wage as a Form of Welfare

Labor and WagesTaxes and SpendingU.S. Economy

Blog02/19/2021

Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.

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