Wednesday, April 3rd, 2019

There are some clear advantages to the gig economy, for both workers who have specialized skills and for companies trying to remain small and nimble.

Friday, March 8th, 2019

Economist John Miller of Wheaton College wrote a sharp critique this week of my work on the job guarantee. I was pleased to see it. In nearly five months, Miller is the first economist on the left to respond on the basis of economics rather than retreating to blanket declarations that job-guarantee opponents are either nefarious or uninformed.

Wednesday, February 20th, 2019

The data alone tell the story no one wants to hear. Continued economic growth does not so much allow as require the inclusion – indeed the expansion – of the number of undocumented immigrants on American employment rolls.

Tuesday, January 29th, 2019

Mission making turns economic decision-making into a political conflict of interest groups possessing bargaining power in the halls of government to determine what gets done, in what ways, and for whose benefit.

Monday, November 26th, 2018

Politicians and activists who blithely maintain that public support for lofty climate change projects is both bottomless and selfless are either obtuse or tacitly agitating for tyranny.

Monday, October 29th, 2018

There are ways to not just create jobs but empower people to do work of greater value.

Thursday, October 18th, 2018

A federal job guarantee would be monumentally expensive, return only limited value from the participants’ work, entail administrative challenges nearly impossible to solve, and be potentially disastrous for economic growth and the private labor market.

Tuesday, September 25th, 2018

The minimum wage is only the most visible portion of what quickly amounts to a vast array of considerable, often unseen costs. 

Friday, June 1st, 2018

Some Keynesians argue that today’s combination of low inflation and unemployment contradicts the natural-rate hypothesis. But is the labor market really as robust as they claim?

Friday, May 4th, 2018

The federal jobs guarantee, as spelled out in Democratic policy circles, would arguably be the largest public intervention in the economy in American history.

Thursday, January 11th, 2018

Is the American economy’s creation of fewer traditional full-time jobs a sign of weakness, or just changing times?

Friday, May 11th, 2012
Reuters reports that employers cut back on hiring, again, in the month of April. Certainly this is a very important outcome in an election year.
Tuesday, May 24th, 2011
"'Stagflation" is an ugly word for an ugly situation: persistent high inflation combined with high unemployment and stagnant demand in a country's economy. The term was coined by British politician Iain Mcleod in a speech to Parliament in 1965.
Thursday, May 19th, 2011
"William Niskanen (2002) estimated a Phillips curve for the United States using annual 1960–2000 data. By adding one-year lagged terms in unemployment and infl ation, he was able to show that this familiar equation is misspecified.
Wednesday, March 30th, 2011
"We have learned much about the unemployment-inflation trade-off and about monetary policy during the last 25 years.
Wednesday, March 16th, 2011
"By 2020, public debt in the United States is set to reach 90 percent of GDP, a line that many economists demarcate as when accumulated debt pushes an economy to the precipice of fiscal demise.
Tuesday, March 15th, 2011
"When the Federal Reserve's interest-rate-setting committee meets on Tuesday to consider whether to change its monetary policy, it will likely be forced to alter the way it views the economy.