Are you teaching international economics in the spring? Or just want to learn more about the field? Consider adopting/purchasing this new textbook, by myself and Douglas Irwin (available now in digital format, January 31st in hardcopy from Cambridge University Press). Endorsements...
Heritage Foundation’s EJ Antoni shared this graph of the CPI level: Aside from including the pandemic era price level, I thought about what happened to real wages. These have risen faster post 2022M07. Figure 1: CPI deflated average hourly earnings (black),...
By Lambert Strether of Corrente. Patient readers, brunch ran disgracefully late today, and so I will try to deliver a not-disgracefully thin Water Cooler, but it won’t be immediately. In the meantime, talk amongst yourselves! –lambert Bird Song of the...
Yves here. Perhaps I will not be the only one to find the level of concern expressed in this article to be grossly inadequate compared to the hazards. Even though the author points out the risk of ruin, as in...
Because we are now in the midsts of what Lambert likes to call an overly dynamic situation, this post will be comparatively brief. As most of you know already, there was great excitement over the news of a ceasefire pact...
How a major bank cheated its customers out of $2 billion, according to a new federal lawsuit Popular Information Founder of muckraking financial information firm Hindenburg Research calls it quits AP The Governments That Survived Inflation Foreign Affairs The Bitter...
Yves here. Rajiv Sethi discusses how Bluesky subscribers are allowed not only allowed to mass ban followers of a member, but also a feature that amounts to more “guilty by association” ad hominem attacks if you are the sort that...
Headline up, core down. Figure 1: Instantaneous inflation per Eeckhout (2023) for CPI (blue) chained CPI (lilac), PCE deflator (green), PCE deflator market prices (brown), PPI (red) and HICP (pink). HICP adjusted by author using X-13. Source: BLS, BEA...
By Lambert Strether of Corrente. Bird Song of the Day Brown Thrasher, Parc de la Survivance, Les Maskoutains, Quebec, Canada. * * * In Case You Might Miss… Warren v. Hegseth, Ernst v. Hegseth. Biden-installed roadblocks to Schedule F. Democrat...
That is the new Agnes Callard book, very good, self-recommending. I would say my views on some of these issues are different. In my vision, Socrates is a weak interlocutor and Plato is the real genius. Plato also does not...
