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It is always dangerous to try to get into Donald Trump’s head, and there probably is not much point to the exercise, but Trump says the purpose of...
Donald Trump doesn’t have much interest in numbers and the real world, but that is where the rest of us live so it is worth checking in...
Donald Trump’s decision to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics (BLS), brought his administration to a new...
As usual, the New York Times gets things exactly wrong in a piece headlined “Trump’s Tariffs are Making Money. That May Make Them Hard to Quit.”...
Donald Trump’s decision to fire Erika McEntarfer, the Commissioner of the Bureau of Labor Statistics (BLS), brings back memories of Richard...
I always caution not to make too much of a single report or single month’s data, but I think we can look at the July report and say it was...
The second quarter GDP report came in roughly in line with expectations. The surge in imports from the first quarter
I was listening to this NPR piece on the continuing rise in the stock market Sunday morning and was struck to hear
I was listening to this NPR piece on the continuing rise in the stock market Sunday morning and was struck to hear this: “Despite the concerns about...
Trump often makes allusions to card playing when discussing his negotiations on various issues, but in the case of trade,
Trump often makes allusions to card playing when discussing his negotiations on various issues, but in the case of trade, it seems he is the one...
It’s easy to look at the Trump administration and point to all the serious economic mistakes it is making. However, economic mistakes do not...
The Republicans in Congress, along with many Democrats, are rushing ahead with legislation to promote crypto currencies in various ways.
The Republicans in Congress, along with many Democrats, are rushing ahead with legislation to promote crypto currencies in various ways. Their...
Donald Trump is putting in place the largest tax increase in the country’s history with his big import taxes (tariffs).
Donald Trump is putting in place the largest tax increase in the country’s history with his big import taxes (tariffs). We won’t know the full...
Since we seem to again be in a tariff-crazy phase of Donald Trump’s presidency, it is worth explaining the meaning
Since we seem to again be in a tariff-crazy phase of Donald Trump’s presidency, it is worth explaining the meaning of a tariff so that even Treasury...
We all know and expect that a president’s top appointees are picked in large part because of their willingness to carry out a president’s agenda....
Drugs are almost invariably cheap to manufacture and distribute. It would be rare that a drug would sell for more than $30 per prescription without a...
Donald Trump may not be very good at running things, but when it comes to shifting blame, he is truly world class. As the magnitude of the disaster in...
There is a simple problem professors sometimes challenge their intermediate econ students with on the first day of class. Popular restaurants often...
Donald Trump seems to be doing everything possible to show his contempt for ordinary working people, many of whom voted
Donald Trump seems to be doing everything possible to show his contempt for ordinary working people, many of whom voted for him last fall. Just after...
It is infuriating to see the media and politicians, including Democratic ones, refer to some of Trump’s campaign promises as
It is infuriating to see the media and politicians, including Democratic ones, refer to some of Trump’s campaign promises as “populist” tax...
The Republicans’ big tax and spending bill has all sorts of gifts – almost all of them for the rich.
That’s the question Republicans in Congress will be debating as they struggle to put Donald Trump’s “Big Beautiful Bill (BBB)” in final form...
Sorry, I’ve been on the road, so not much time for writing. I did want to quickly mention a couple of points about the data on consumption for May...
The number of new unemployment insurance claims edged down last week to 236,000. This brought the four-week average to 245,000,
The number of new unemployment insurance claims edged down last week to 236,000. This brought the four-week average to 245,000, just over 4.0 percent...
Many of us have been following the inflation data closely for evidence of Trump’s tariffs. Along with most other economists
Just as we are waiting for more evidence on where the tariffs are hitting, we are also waiting for clearer evidence of the impact of Trump’s mass...
Many people might have seen the tweet from the person who posts under the name “ThePatriotOasis,” which claimed that Minnesota Governor Tim Walz...
The release of the 2025 Social Security Trustees Report led to lots of hyperventilating in the media as well as dire warnings about the program facing...
The New York Times gave us an analysis piece on Iran by Roger Cohen, a longtime reporter who covered Iran for the paper more than a decade ago. The...
While everyone is talking about the Republicans’ big tax cuts for Elon Musk and other billionaires, he also is hitting
Continuing claims have been on a modest upward path since last summer, but we just saw a big jump in
Continuing claims have been on a modest upward path since last summer, but we just saw a big jump in last week’s data. The levels are still not...
Elon Musk put his tail between his legs and apologized to Donald Trump. In a tweet on X, Musk said, “I regret some of my posts about President...
The World Bank came out with its updated projections for economic growth for 2025. They showed slower growth for pretty much the
The May jobs report indicated that the labor market is still solid, even if there are some concerning signs like
The May jobs report indicated that the labor market is still solid, even if there are some concerning signs like the rise in unemployment among Black...
Most coverage of the May jobs data said the picture was pretty good, an assessment with which I largely concurred. The
Most coverage of the May jobs data said the picture was pretty good, an assessment with which I largely concurred. The economy added 139,000 jobs and...
In the 22 years of the program’s existence it has saved tens of millions of lives. It also has also allowed for these countries to have some chance...