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Wednesday, December 11, 2013

Falling Unemployment and Falling Labor Force Participation

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The U.S. unemployment rate has been dropping, from its peak of 10% in October 2009 to 7% in November 2013. But the labor force participation...
Tuesday, December 10, 2013

A Decline in Homelessness

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Homelessness in America has apparently declined in the last few years despite the effects of the Great Recession. This unexpectedly welcome ...
Monday, December 9, 2013

International Portfolio Investment in 2012

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International portfolio investment is sometimes called "hot money." In contrast with foreign direct investment, where a foreign in...
Friday, December 6, 2013

Barack Obama, Adam Smith, and the Minimum Wage

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In a speech earlier this week on economic mobility , President Barack Obama quoted Adam Smith in support of a higher minimum wage. Given th...
Thursday, December 5, 2013

Distribution of US Federal Taxes

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For those who like some facts to go with their arguments over redistribution and tax policy, the Congressional Budget Office has just publis...
Wednesday, December 4, 2013

Ultra-Low Interest Rates: Who Wins? Who Loses?

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Most of the commentary on the ultra-low interest rate policies that have been pursued over the last five years or so by the Federal Reserve ...
Tuesday, December 3, 2013

The Virtues of Market Behavior

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A standard line in economics, which I've certainly emphasized often enough, is the remarkable ability of the social institution of marke...