Blog Archives

Where the inflation may be hiding

When reality persistently challenges a deeply held belief, believers can get a little weird. Conservative economist Amity Shlaes, never the steadiest of heads in the best of times, recently joined the frustrated ranks of the inflation cranks with a bizarre

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Posted in Economics

Paul Ryan inches toward a basic income

Rep. Paul Ryan unveiled the latest stage in his personal evolution on poverty and welfare Wednesday in a speech at the American Enterprise Institute. Like Sen. Marco Rubio, Ryan is part of a small Republican minority still trying to engage

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Posted in Economics, Welfare State

Immigration, wages and the future of ‘dirty jobs’

Crab fishing in Alaska can be a six-figure job. Workers in fish processing factories there earn solid middle class wages. Processing workers who work on a ship often get the opportunity to earn a share in the profits of the

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Posted in Economics, Immigration

Which immigration problem do we want to solve?

Answers are only helpful if you know the question. That’s the problem with our efforts to build a sane, reasonable immigration scheme. Markets could provide us with solutions to our immigration challenges, but not until we decide exactly what problem

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Posted in Economics, Immigration

Are we richer than we think?

Where have you read this before: The physical economy is anemic, struggling, biased toward inflation, and shrinking in many developed countries. Almost everything we do in the physical economy is paid for with money. We use dollars to measure most

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Posted in Economics

Surprise: Slashing Governing Income Slashes Government Income

It wasn’t so long ago that Republicans were genuinely the party of fiscal responsibility. Ronald Reagan, who presumably now occupies a throne at the right hand of The Lord, raised taxes eleven times over the course of his Presidency. Why

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Posted in Economics, Taxes, Tea Party

Unions are not going to help workers now

Ask a Democrat what created the American Middle Class and many of them will answer: “Unions.” Organized labor gave factory workers badly needed leverage in negotiations with capital owners at a time when government refused to use its power to

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Posted in Economics

The changing economics of home ownership

Though home prices across much of the nation have recovered their pre-crash levels, the volume of transactions is still less than half what it was at the peak of the boom, and still well below historical norms. The number of

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Posted in Economics

The World is Getting Better…Much Better

Our attention is nearly always focused on what’s wrong with the world for good reason. Our problems, not our achievements, demand our most immediate attention. It pays sometimes to step back and look at what’s working. Things do get better.

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Posted in Economics

So where is all the growth?

Technology in our time is moving at a pace so fast it seems that only children have the time to stay current. This dizzying pace of progress is bringing wonder after wonder, so why is economic growth so sluggish? Economic

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Posted in Economics, The Second Machine Age
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