Econ Blog

your daily dose of economic commentary

3461. Why I’m Not Very Worried about the 2032 Asteroid

David Henderson discusses the low probability of the 2032 asteroid causing significant harm, emphasizing its likely impact on sparsely populated areas rather than global catastrophe.

Consumer Expectations Crash, 1 Year Ahead Inflation Expectations Soar as 5 Year Ahead Hits Record

3462. Consumer Expectations Crash, 1 Year Ahead Inflation Expectations Soar as 5 Year Ahead Hits Record

Menzie Chinn discusses consumer expectations and inflation trends, highlighting significant changes in sentiment and potential implications for economic stability.

A Blueprint for Freedom: The Classical Liberal Path to Prosperity

3463. A Blueprint for Freedom: The Classical Liberal Path to Prosperity

Vance Ginn discusses the importance of limited government, economic freedom, and individual rights as essential for prosperity and liberty in society.

3464. Interview with Alan Auerbach: Federal Debt and Social Security

David A. Price interviews Alan Auerbach about the U.S. federal debt, Social Security, and the impact of inflation on fiscal policies and benefits.

NAR: Existing-Home Sales Decreased to 4.08 million SAAR in January

3465. NAR: Existing-Home Sales Decreased to 4.08 million SAAR in January

Bill McBride discusses the decrease in existing-home sales in January, highlighting regional trends and year-over-year improvements in inventory and sales rates.

When MAGA Meets Minsky

3466. When MAGA Meets Minsky

Paul Krugman discusses the detrimental effects of the Musk/Trump administration's policies on financial regulation and the potential for a future financial crisis.

3467. Why Is Marginalist Economics Wrong?

Robert Vienneau critiques marginalist economics, particularly its treatment of capital and inconsistencies in equilibrium models, advocating for a modernized classical political economy instead.

America is being sold out by its leaders

3468. America is being sold out by its leaders

Noah Smith discusses how America's leadership under Trump is compromising national security through withdrawal, disarmament, and deindustrialization, drawing parallels to historical concessions after major conflicts.

The King of New York

3469. The King of New York

Scott Sumner discusses the political implications of Trump's actions regarding New York City's congestion pricing and critiques the performance art aspect of modern policymaking.

Bringing Prices Down: A Progress Report

3470. Bringing Prices Down: A Progress Report

Menzie Chinn evaluates price trends and indices related to consumer goods during the early days of Trump's second term, highlighting public dissatisfaction with price reductions.

Why Trump killed congestion pricing

3471. Why Trump killed congestion pricing

Nate Silver discusses the implications of New York City's congestion pricing, highlighting its benefits for commuters and the political backlash against it from figures like Trump.

Realtor.com Reports Active Inventory Up 27.6% YoY

3472. Realtor.com Reports Active Inventory Up 27.6% YoY

Bill McBride discusses the significant increase in active home inventory reported by Realtor.com, highlighting trends in new listings and market conditions.

3473. The Benefits of Free Trade Are at Risk

David Henderson discusses the importance of comparative advantage and the risks to free trade due to rising protectionist sentiments.

3474. Re-Interpreting US Law for Environmental Permitting

Conversable Economist discusses the evolving interpretation of NEPA and its implications for environmental permitting and infrastructure projects under recent presidential actions.

LA Ports: Record Inbound Traffic for January

3475. LA Ports: Record Inbound Traffic for January

Bill McBride discusses record inbound traffic at LA ports in January, highlighting its implications for trade and economic trends.

3476. What Makes International Trade Unique: Politics

Jon Murphy discusses how politics significantly influences international trade, affecting trade patterns and economic analysis despite the fundamental similarities with domestic trade.

An Explosion of Lies

3477. An Explosion of Lies

Paul Krugman discusses the lies propagated by Elon Musk and Donald Trump, highlighting their incompetence and the consequences of their actions in government efficiency.

Revealed preference as an analytical tool

3478. Revealed preference as an analytical tool

Scott Sumner discusses revealed preference as a method to analyze political behavior, particularly in relation to Donald Trump's foreign policy and his stance on Russia and Ukraine.

AIA: Architecture Billings "Billings remain soft to start the new year"

3479. AIA: Architecture Billings "Billings remain soft to start the new year"

Bill McBride discusses the softening of architecture firm billings and its implications for commercial real estate investment in early 2025.

Europe’s Internal Trade Barriers: A Long Way From a Single Market

3480. Europe’s Internal Trade Barriers: A Long Way From a Single Market

Timothy Taylor discusses the challenges Europe faces in achieving a true single market, highlighting internal trade barriers that hinder economic growth and integration.