A new WSJ piece describes the current financial landscape for a bunch of people, including myself! We are in tons of debt. Though being in debt is nothing new, the type of debt has changed quite a bit. Most of the debt normal Americans would take on in the past was attributed to housing. But … Continue reading ICYMI: We Are Buying More Than We Can Afford
Clearly Ambiguous — Institutions
A central question of economics is to understand how in the heck social coordination is able to exist in such a crazy world. With all our differences in beliefs, resources, abilities, and more, it is remarkable people can work together long enough to produce a Big Mac pretty much anywhere in the world. Economists will … Continue reading Clearly Ambiguous — Institutions
Testimony at Omaha City Council
Kevin D. Gomez testifies at Omaha City Council, May 21, 2019.
Trump’s Tariffs: Does America Win?
By Will Hanafan (Creighton University) When President Donald Trump came crashing through the doors of the White House back in 2016, he brought with him a completely new attitude and set of ideas. At the heart of this new attitude towards the country came his notorious mantra, “Make America Great Again”. His campaign and slogan focused … Continue reading Trump’s Tariffs: Does America Win?
In a World of Stupid People, Profits Will Still Exist
One might ask, “But how? Aren’t profits the result of shrewd business deals and wise choices by [greedy] CEOs and shareholders?” “Maybe, but probably not.” Economics is claimed to be married to the principle that people are “profit-maximizing”. I admit that I am guilty of furthering this notion. What I mean is that they behave … Continue reading In a World of Stupid People, Profits Will Still Exist