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Thursday, September 11, 2014

What Was the Federal Reserve Thinking in Summer 2008?

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The Great Recession didn't officially start until December 2007 , but the warning signs came months earlier. Stephen G. Cecchetti expla...
Wednesday, September 10, 2014

Foreign-Controlled Domestic Corporations in the United States

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U.S. companies turning into foreign-controlled U.S. companies are  the news: for example, Burger King and the Canadian coffee-and-doughnuts ...
Tuesday, September 9, 2014

Stuck on Economics

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I have lamented in the past that when your brain is stuck on economics, it can be hard to escape from your obsession. For example, I explain...
Monday, September 8, 2014

19th Century Fencing and Information Technology

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It's no surprise that US investment is disproportionately focused on information technology. The broad category of information processin...
Friday, September 5, 2014

Shaping the Direction of Health Care Innovation

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My hope would be that the health care innovations of the future focus on two goals: how to attain improvements in health across the populati...
Thursday, September 4, 2014

And Here Come the Interest Payments

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The federal government has been on a borrowing binge since the start of the Great Recession. I've argued that i n the short-run, the pat...
Wednesday, September 3, 2014

Competition as a Form of Cooperation

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Like most economists, I find myself from time to time confronting the complaint that economics is all about competition, when we should be e...