1961. The anti-economists have overreached
An argument that critiques the oversimplification of economics by some commentators, emphasizing the importance of understanding economic theories and methods before making broad claims.
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An argument that critiques the oversimplification of economics by some commentators, emphasizing the importance of understanding economic theories and methods before making broad claims.
Bill McBride outlines the key economic reports scheduled for the week of June 1, 2025, including employment and manufacturing data.
Scott Cunningham discusses the rapid evolution and citation surge of continuous diff-in-diff methods in economics, highlighting recent developments and personal applications in causal inference.
Menzie Chinn discusses the concept of "core" GDP and its implications for economic momentum and growth forecasts in 2025Q2.
Concerns arise over Meta's automation strategy, which may enable AI to make critical decisions regarding privacy and societal risks associated with its applications.
Menzie Chinn discusses Trump's growth predictions, comparing them to past promises and analyzing GDP data related to those forecasts.
Menzie Chinn discusses the updated Michigan survey figures, highlighting improvements in economic sentiment despite previously negative expectations.
An argument that the burden of tariffs primarily falls on consumers or producers depends on the elasticities of demand and supply, not merely on who pays the tariffs.
Menzie Chinn discusses revisions in consumption and income levels, along with indicators of economic growth through April, based on various data sources.
The post discusses the recent decline in weekly COVID deaths, highlighting metrics and goals related to pandemic data reporting and wastewater analysis.
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.
A lawsuit is filed against the Trump administration over an executive order threatening funding for public television networks.
Ryan Young discusses the fundamental role of trade in the evolution of life, illustrating how specialization and exchange led to complex organisms.
Timothy Taylor discusses the legal challenges to Trump's tariffs, focusing on the authority of the President and the implications for Congress's powers.
The post discusses GDP tracking estimates influenced by trade deficits, import-export fluctuations, and measurement challenges due to tariff impacts on economic growth.
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.
Scott Cunningham reflects on the successful second edition of CodeChella, a workshop in Madrid focused on research methodologies and cultural experiences.
Paul Krugman discusses the influence of cryptocurrency on U.S. policy and its ties to corruption in politics, particularly regarding the proposed GENIUS Act.
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 and spending data for April 2025 show increases in both metrics, with inflation rates slightly below expectations, indicating economic growth trends.