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Categories World News

Playing Chicken with the Federal Budget: The Rational Stupidity of Shutdowns

October 17, 2025

“Chicken” is a game where two people, or two groups, want different things, in a context where “I win/you lose.”  That is,

Categories World News

Toxic Empathy Is Killing NYC’s Gifted Programs

October 17, 2025

Zohran Mamdani announced early this month that, should he win the New York City mayoral race, he intends to shut down New

Categories World News

Sow a Trade War, Harvest a Farm Crisis

October 16, 2025

Across the United States, harvesters are beginning to scythe their way through fields of crops. How well or badly the harvest goes

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Categories World News

How to Prove Economists Wrong About Tariffs: Never Do What You Threatened

October 16, 2025

On and shortly after Liberation Day, economists warned that tariffs would raise prices, snarl supply chains, and cut into economic growth. Prices

Categories World News

A Government Shutdown Is Less Scary Than Its Dysfunction-As-Usual

October 15, 2025

Government is presently “shut down” for failure of Congress to pass a budget for the start of the fiscal year. It is

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Categories World News

The Fed Cuts, but the Market Shrugs: Why Mortgage Rates Refuse to Fall

October 15, 2025

I wrote a few weeks ago about how Trump’s manipulation of the Federal Reserve would have to go much further to achieve

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Categories World News

The 2025 Nobel in Economics and the Roots of Enduring Growth

October 14, 2025

This year’s Nobel Prize in Economics recognizes groundbreaking work on how innovation, entrepreneurship, and creative destruction fuel sustained economic growth. The 2025

Categories World News

The Pandemic That Broke Our Faith in Modeling

October 14, 2025

Several incidents in the COVID pandemic’s first two years forced me to confront the uncomfortable reality that American society had cracked apart,

Categories World News

What Hamburger Helper Knows and GDP Misses

October 14, 2025

By every official measure, the economy seems to be doing well. Personal income, disposable income, and consumption expenditures all increased. GDP growth

Categories World News

Universal Childcare: Real Problem, Wrong Solution

October 13, 2025

Governor Michelle Lujan Grisham announced in September that New Mexico will become the first state in the nation to guarantee free childcare

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    Playing Chicken with the Federal Budget: The Rational Stupidity of Shutdowns

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    Sow a Trade War, Harvest a Farm Crisis

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