President Trump is a renegade for a number of reasons, including wishing the haters and losers a Happy Thanksgiving on Twitter. But he has been shockingly consistent throughout his life in his opposition to trade. It’s not that he’s opposed to free trade, he says, but that he wants “fair” trade. He wants to bring American jobs back. Continue reading “Why We Trade What We Trade”
Shohei Ohtani is a twenty-three year old Japanese baseball player. He possesses a fastball that tops 100 MPH and hitting power that promises home runs in bunches. He signed this winter with the Los Angeles Angels after four years of wild success playing as both a pitcher and hitter in Japan. Continue reading “Will the Supposed “Next Babe Ruth” Shohei Ohtani Defy Economics? Probably not.”
During the height of the Democratic primary season in 2016, Senator Bernie Sanders made news by lamenting “You don’t necessarily need the choice of 23 underarm spray deodorants or 18 different pairs of sneakers when children are hungry in this county.” Bernie asks an interesting economic question – why do we have so many choices between products that are essentially the same thing? Paul Krugman won the Nobel Prize in 2008 in part for answering this question. Continue reading “Bernie Sanders is Angry About Deodorant and Sneakers”
The Consumer Financial Protection Bureau’s (CFPB) payday lending rule goes into effect next week.
Depending on whom you ask, the tax bill recently passed by Congress will either be the driver of amazing prosperity or the worst bill the country has never seen. No matter the philosophical merits or faults of lower tax rates, history suggests that the correlation between tax cuts and economic growth is a bit muddied. Keep on reading!