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Consumer confidence remained high in February, supported by a positive outlook for the economy and labor market. However, persistently rising home prices are weighing on housing activity.
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A new profile of Berkeley economists Emmanuel Saez and Gabriel Zucman in the New York Times contained a fascinating revelation about the ongoing academic reception of their work. Late last year, Zucman was being courted for a faculty appointment by Har …
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Former President Obama tweeted in honor of the anniversary of signing the American Recovery and Reinvestment Act of 2009. Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more …
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We should take a sober, dispassionate look at forces acting upon the U.S. financial markets. Headlines indicating a “panic” are vastly overwrought.
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Several superb books, monographs, and papers are available to introduce non-economists to the positive economics of trade and to the normative case for a policy of unilateral free trade. And it’s a good thing. Today’s increasing eagerness of people acr …
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Besides the certainty, as they say, of death and taxes, one other highly likely event will be an end to the general “good times” of relatively low price inflation and low unemployment in America. In other words, the United States will eventually experi …
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Many Western states allow citizens to initiate legislation but California is by far the most important and the ripest for reform.
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What constitutes a great president? Every presidential election, pundits and commentators opine on the characteristics of presidents that made them great. Starting in 1948, at the impulse of Arthur Schlesinger Sr. of Harvard University, historians have …
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It may be time to reconsider some of the foundations of economic theory. When we do, Arrow’s prominent role in the history of economics should be reconsidered too.
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Socialism is a movement not of the working classes but of the elites, born of arrogance, snobbery, and preposterous pretense, kept alive not from lived experience but the astonishing capacity of an ideologically soaked brain to live in denial of reality.
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Existing-home sales fell 1.3 percent in January and remain in a broad flat trend. Housing activity is unlikely to move significantly higher in the coming months.
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It is highly doubtful that having a central bank selectively buy outstanding debt with green labels would in any meaningful way contribute to a greening of the economy.
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