your daily dose of economic commentary
Menzie Chinn discusses EJ Antoni's recommendations for improving BLS transparency and methodology, while critiquing his qualifications and past political actions.
The post discusses the rise of unconventional NFL scores, termed Scorigami, and how scoring patterns have evolved in the league over time.
The upcoming release of September's job gains and unemployment rate is delayed due to the government shutdown, highlighting the impact on economic reporting.
Jeff Brady discusses job cuts at a public station in Western Alaska due to the loss of federal funding after Typhoon Halong's impact on local villages.
Timothy Taylor discusses the importance of prioritizing economic growth in the EU to avoid stagnation and maintain social welfare.
The Associated Press reports on a federal judge's decision to approve Purdue Pharma's settlement deal concerning opioid lawsuits and compensation for victims.
Scott Cunningham announces new workshops on causal inference and shares details about his upcoming paper presentation at Brandeis University.
The post discusses the Heritage Foundation's decline, highlighting its history of promoting regressive policies and its recent embrace of extremist views within the American right.
An argument that strong claims in economics require robust evidence, emphasizing the law of demand and the benefits of international trade while critiquing unsupported assertions against established theories.
Andrea Hsu discusses Jenna Norton’s criticism of Trump’s funding cuts and her subsequent leave after the government shutdown.
The BBC apologized to Trump for editing his speech but declined to offer compensation amid his threat of a $1 billion lawsuit.
Tyler Cowen recounts his first trip to Tokyo, sharing experiences of the city’s culture, food, and transportation while reflecting on its unique charm and vibrancy.
Tamara Keith discusses how President Trump's economic promises during his campaign are now challenged by rising affordability issues for Americans.
Noah Smith discusses the misconceptions Europeans have about America, emphasizing the need to address their own issues rather than comparing themselves negatively to the U.S.
An argument that effective teaching separates rules from strategy, emphasizing the importance of mastering foundational knowledge before developing strategic thinking in statistics and causal inference.
Bryan Cutsinger discusses the economic implications of plumbing regulations, highlighting how they affect supply, demand, and the welfare of plumbers and customers.
Bill McBride discusses the increase in hotel occupancy rates and the impact of seasonal travel patterns on the U.S. hotel industry.
An argument that Republicans misunderstand health insurance's necessity, promoting harmful policies while ignoring the financial risks of lacking coverage and the benefits of insurance for overall health.
An argument that models combining fixed capital and extensive rent may lack desirable properties found in simpler models, particularly regarding the choice of technique and wage curves.
An overview of the housing market highlights increased inventory, declining sales, and pressure on prices, alongside trends in house prices and mortgage rates.