Econ Blog

your daily dose of economic commentary

The Surprising Economics of Love Island

2281. The Surprising Economics of Love Island

The post explores the economic principles behind the reality show Love Island, particularly focusing on the stable marriage problem and its implications for pairing participants.

Have Appliances Declined in Durability?

2282. Have Appliances Declined in Durability?

Alex Tabarrok discusses the modest decline in appliance durability, attributing it to consumer preferences, regulatory changes, and economic factors rather than corporate negligence.

Home sales just posted their slowest May in 16 years

2283. Home sales just posted their slowest May in 16 years

Laurel Wamsley discusses the decline in home sales in May, despite an increase in available homes, due to high mortgage rates and economic uncertainty.

MAGA Will Devastate Rural America

2284. MAGA Will Devastate Rural America

The post highlights how Trump's policies, particularly cuts to social programs, will disproportionately harm rural Americans who largely supported him, undermining their economic stability.

NAR: Existing-Home Sales Increased to 4.03 million SAAR in May; Down 0.7% YoY

2285. NAR: Existing-Home Sales Increased to 4.03 million SAAR in May; Down 0.7% YoY

Bill McBride discusses the NAR's report on existing-home sales, noting a slight monthly increase but a year-over-year decline in sales figures.

Housing June 23rd Weekly Update: Inventory up 0.4% Week-over-week, Up 30.7% Year-over-year

2286. Housing June 23rd Weekly Update: Inventory up 0.4% Week-over-week, Up 30.7% Year-over-year

Bill McBride discusses the increase in active single-family housing inventory, noting significant year-over-year growth and comparisons to previous years' data.

An AI video ad is making a splash. Is it the future of advertising?

2287. An AI video ad is making a splash. Is it the future of advertising?

Bill Chappell explores an AI-generated video ad's impact and its potential implications for the future of advertising.

Chantilly destination achieved, the Limbourg brothers are amazing

2288. Chantilly destination achieved, the Limbourg brothers are amazing

The post highlights an exhibition of the Très Riches Heures, emphasizing its artistic significance and the historical context of the Limbourg brothers' work.

You told us how tariffs are affecting you

2289. You told us how tariffs are affecting you

The discussion focuses on how consumer spending habits in the U.S. have changed due to economic uncertainty.

My Weekly Reading for June 22, 2025

2290. My Weekly Reading for June 22, 2025

David Henderson discusses the impact of foreign students on the U.S. economy and innovation, highlighting their contributions to startups and economic success.

Small Government in Somalia

2291. Small Government in Somalia

An argument that Somalia's lack of government has led to unexpected benefits, particularly in telecommunications and community support systems, despite ongoing insecurity and weak state capacity.

Inequality, Part IV: Oligarchs

2292. Inequality, Part IV: Oligarchs

Paul Krugman discusses the rise of extreme wealth concentration in America and its implications for democracy, referencing historical and contemporary political figures.

Update: Lumber Prices Up 36% YoY

2293. Update: Lumber Prices Up 36% YoY

Bill McBride discusses the recent increase in lumber prices, noting changes in futures contracts and factors influencing price fluctuations.

The economic consequences of a war with Iran

2294. The economic consequences of a war with Iran

Noah Smith discusses the potential economic impacts of military actions against Iran, particularly focusing on oil prices and global supply concerns.

What separates the ultrarich from the just-plain-rich? The gigayacht.

2295. What separates the ultrarich from the just-plain-rich? The gigayacht.

The post explores the distinction between ultrarich individuals and the wealthy, focusing on the luxury of gigayachts as a symbol of extreme wealth.

Miles Discusses Trinitarianism with ChatGPT

2296. Miles Discusses Trinitarianism with ChatGPT

The discussion explores the theological differences between traditional Christianity and Mormonism, particularly regarding the nature of God, the Trinity, and salvation.

Of Course We Should Privatize Some Federal Land (but probably won’t)

2297. Of Course We Should Privatize Some Federal Land (but probably won’t)

Alex Tabarrok argues for the privatization of federal land to improve efficiency and raise funds, criticizing political restrictions that hinder this process.

Will the Midterms Be a Blowout?

2298. Will the Midterms Be a Blowout?

Paul Krugman discusses special elections with David Nir and G. Elliott Morris, highlighting their implications for the upcoming midterms and the political landscape.

Schedule for Week of June 22, 2025

2299. Schedule for Week of June 22, 2025

Key economic reports and events for the week include home sales, GDP estimates, and Federal Reserve testimonies, highlighting trends in housing and manufacturing sectors.

2300. Howard Fast Leaves The Communist Party Of The USA After Khrushchev's Secret Speech

Robert Vienneau discusses Howard Fast's departure from the Communist Party after Khrushchev's secret speech and its impact on his beliefs and values.