Cents and Non-Cents about Inflation

No, it isn’t Biden’s fault.

Yes, inflation is back—only 6 percent as of October, which is nothing like the 13.5 percent that brought down Jimmy Carter in the election of 1980. The exact numbers don’t really matter. Rising prices, especially gasoline prices, are always bad news for the party in power. We must remember, and keep ...
Read More
Cents and Non-Cents about Inflation

Krugman vs. Sanders

Scarcely a day goes by without Paul Krugman hammering away at Bernie Sanders. And the message is always clear. Change is difficult. It requires compromise. You can’t try to do too much. People like Sanders are ridiculous. They think all a President needs to do is snap her fingers and ...
Read More
Placeholder

America as a Lottery

In a series of recent works on the rise of inequality in the United States and other countries, economists have proposed a number of policies that might help reverse current trends. But critics of Joseph Stiglitz, Paul Krugman and Thomas Piketty also often complain that their proposals aren’t feasible ...

Read More
America as a Lottery