As we give thanks this week, it may seem to some that we don’t have as much to be thankful for as in prior years. Our nation — indeed, the whole world — faces difficult economic times. More households have…
This one unlikely to be an “average” recession
An economist got lost in the woods during a blizzard. He found a tiny hut with firewood and started a blaze to warm up. The hut was so small his head stuck out the window while the fire was charring…
Media miss interest rate-money supply link
Few things are more humbling for an economics professor than reading media stories about the economy. Somehow, a lot of people must get through our classes while missing the basics. Nowhere is this more true than in reporting on monetary…
Revisit those rosy memories of presidential finances
History often consists of what people want to believe happened rather than what actually happened. Nowhere is this truer than in the rosy views political partisans entertain about their favorite president. Consider two examples I came across this week. In…