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Robert Hughes

Retail Sales Growth Rebounded in October While Initial Claims Ticked Up

Retail sales and initial claims data show the economy remains generally healthy. However, uncertainty around U.S. economic policies and broadening global economic risks have the potential to negatively impact the economic expansion.


Antony Mueller

Economic Systems and the Fate of Civilization

Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.


Brian C. Albrecht

The WWI Agriculture Boom and Bust

A new NBER working paper uses bank-level financial and county-level agricultural data to show how risky lending might amplify the boom and bust.



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