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Monday, December 14, 2015
World GDP is Falling--If Measured at Market Exchange Rates
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IMF statistics show that world GDP fell 4.9% from 2014 to 2015 which is almost as severe a drop as occurred from 2008-2009. Check out the bo...
Wednesday, December 9, 2015
New Rules for Workers in the Gig Economy?
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US labor law divides workers into "employees," who are entitled to the coverage of certain laws like those relating to workers’ co...
Tuesday, December 8, 2015
Globalization Pauses: Will It Resume?
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The volume of global trade rose more quickly that world economic growth during the 1980s, 1990s, and up to the global recession that started...
Friday, December 4, 2015
Homelessness in America: A Slow Decline
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Each year the US Department of Housing and Urban Development conducts a "point-in-time" survey in which it seeks to count the numb...
Fed Interest Rate Increases: Not When, But How
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It has seemed likely for about a year now that the Federal Reserve would raise interest rates in the later part of 2015. After all, back in ...
Wednesday, December 2, 2015
What if Government Paid Kidney Donors?
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When economists hear of a "shortage," they immediately ask whether a price mechanism is being allowed to adjust in a way that woul...
Tuesday, December 1, 2015
Cap and Trade: Lessons of Experience
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A key question for a number of policy-makers, especially those contemplating the current negotiations in Paris about climate change issues, ...
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