At a time when consumers are paying high prices for gasoline, the federal government is refilling stocks. While the recent filling of the U.S. Strategic Petroleum Reserve has not become a major national issue yet, it is stirring controversy. Consumers…
Over time, economic rules will trump overtime rules
Economists have failed dismally to convince the public of the benefits of trade. Perhaps we should admit that and start from scratch. Labor Day speeches brought attention to the Bush administration’s proposed changes to rules implementing the Fair Labor Standards…
Population counts when analyzing economic issues
Population change affects societies in powerful ways, but even the most insightful economists frequently overlook this variable when they analyze economic issues. The size of a nation’s population and the rate and direction of population change are critical because labor…
Gas prices spark call for action
Economists have failed dismally to convince the public of the benefits of trade. Perhaps we should admit that and start from scratch. We need some serious discussions about energy policies. U.S. gasoline prices took their highest two-week jump in 50…