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!