Politicians in particular and the public in general should be careful about supporting policies based on one or two economic studies. Given the nature of social “sciences” such as economics, this is likely to be true for a long time.…
Reaction to proposed IRA cap is overblown
We live in an era given to rhetorical excess, but some of the reaction to a minor recommendation in the Obama administration’s 2014 budget proposal set records. The proposal was to cap tax-subsidized retirement accounts at $3 million per person.…
Yes, there are signs of hope
One swallow does not make a summer, but there is good news, locally and nationally, on residential construction, home sales and housing prices. Don’t take such news as evidence that the good times of 2001-2005 are going to roll again…
What tree planting tells us about ‘induced innovation’
There is a lot of economics to planting trees, particularly on the prairie where they don’t really want to grow. Doing so involves a lot of repetitive tasks that give one time to think, including musing over the economics of…