Econ Blog

your daily dose of economic commentary

Business Cycle Indicators as Reported at May’s End

2561. Business Cycle Indicators as Reported at May’s End

Menzie Chinn discusses revisions in consumption and income levels, along with indicators of economic growth through April, based on various data sources.

May 30th COVID Update: Weekly COVID Deaths at New Pandemic Low

2562. May 30th COVID Update: Weekly COVID Deaths at New Pandemic Low

The post discusses the recent decline in weekly COVID deaths, highlighting metrics and goals related to pandemic data reporting and wastewater analysis.

The U.S.-China trade war, according to game theory

2563. The U.S.-China trade war, according to game theory

An argument that the U.S.-China trade war can be analyzed through game theory, exploring strategic decisions and potential outcomes of the involved leaders.

PBS and Minnesota public TV station sue Trump White House

2564. PBS and Minnesota public TV station sue Trump White House

A lawsuit is filed against the Trump administration over an executive order threatening funding for public television networks.

Life is Made of Trade

2565. Life is Made of Trade

Ryan Young discusses the fundamental role of trade in the evolution of life, illustrating how specialization and exchange led to complex organisms.

2566. Will the Courts Save Trump from His Tariffs?

Timothy Taylor discusses the legal challenges to Trump's tariffs, focusing on the authority of the President and the implications for Congress's powers.

Q2 GDP Tracking: Wide Range due to Trade "Distortions"

2567. Q2 GDP Tracking: Wide Range due to Trade "Distortions"

The post discusses GDP tracking estimates influenced by trade deficits, import-export fluctuations, and measurement challenges due to tariff impacts on economic growth.

How America Built the World’s Most Successful Market for Generic Drugs

2568. How America Built the World’s Most Successful Market for Generic Drugs

Alex Tabarrok discusses how U.S. policies, particularly the Hatch-Waxman Act, have created a successful and competitive market for generic drugs, leading to lower prices.

Wrapping up CodeChella second edition

2569. Wrapping up CodeChella second edition

Scott Cunningham reflects on the successful second edition of CodeChella, a workshop in Madrid focused on research methodologies and cultural experiences.

Digital Corruption Takes Over DC

2570. Digital Corruption Takes Over DC

Paul Krugman discusses the influence of cryptocurrency on U.S. policy and its ties to corruption in politics, particularly regarding the proposed GENIUS Act.

PCE Measure of Shelter Decreases to 4.2% YoY in April

2571. PCE Measure of Shelter Decreases to 4.2% YoY in April

Bill McBride discusses the year-over-year changes in shelter costs as measured by CPI and PCE, highlighting trends and implications for future rent increases.

Personal Income increased 0.8% in April; Spending increased 0.2%

2572. Personal Income increased 0.8% in April; Spending increased 0.2%

Personal income and spending data for April 2025 show increases in both metrics, with inflation rates slightly below expectations, indicating economic growth trends.

Service costs aren't exploding anymore

2573. Service costs aren't exploding anymore

Noah Smith discusses the changing narratives around wage stagnation and service costs in the U.S. economy, highlighting misconceptions from the past decade.

Trump to celebrate U.S. Steel deal with Japan. And, what's next for DOGE

2574. Trump to celebrate U.S. Steel deal with Japan. And, what's next for DOGE

Brittney Melton discusses Trump's celebration of the U.S. Steel deal with Japan and speculates on the future of DOGE following Elon Musk's departure.

Stephen Moore Critiques the CBO

2575. Stephen Moore Critiques the CBO

Menzie Chinn critiques Stephen Moore's allegations against the CBO's economic predictions and highlights the importance of accurate forecasting in policy-making.

Oil companies face a wrongful death suit tied to climate change

2576. Oil companies face a wrongful death suit tied to climate change

A lawsuit alleges that oil companies' misrepresentations about climate change contributed to a woman's death during an extreme heat event.

Sellers of dog leashes and mom gear hope court rulings lead to tariff relief

2577. Sellers of dog leashes and mom gear hope court rulings lead to tariff relief

Alina Selyukh discusses the potential impact of court rulings on Trump's tariffs and the uncertainty faced by American importers regarding refunds.

Anyone can use AI chatbots to 'vibe code.' Could that put programmers out of a job?

2578. Anyone can use AI chatbots to 'vibe code.' Could that put programmers out of a job?

John Ruwitch discusses how AI-driven "vibe coding" allows anyone to create software without programming skills, raising concerns about job security for programmers.

Exodus of USDA veterinarians and others drives fears that U.S. farms are at risk

2579. Exodus of USDA veterinarians and others drives fears that U.S. farms are at risk

Andrea Hsu discusses the impact of federal workforce reductions on American agriculture and pest control under President Trump's administration.

2580. Permitting Reform: The Supreme Court Weighs In

Timothy Taylor discusses the Supreme Court's ruling on NEPA and its implications for permitting reform in infrastructure projects, particularly regarding environmental impact assessments.