NYT - Economy

Bloomberg View

Calculated Risk

  • !Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg
    Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 250 thousand initial claims, up from 261 thousand the previous week.• Also at 8:30 AM, Housing Starts for December. The consensus is…
    - 10 hours ago 17 Jan 18, 11:46pm -
  • !Fed's Beige Book: "Modest to moderate"expansion, "on-going labor market tightness"
    Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Atlanta based on information collected on or before January 8, 2018."Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late Nove…
    - 15 hours ago 17 Jan 18, 7:06pm -
  • !NAHB: Builder Confidence decreased to 72 in January
    The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 72 in January, down from 74 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.From NAHB: Builder Con…
    - 19 hours ago 17 Jan 18, 3:04pm -
  • !Industrial Production Increased 0.9% in December
    From the Fed: Industrial production and Capacity Utilization Industrial production rose 0.9 percent in December even though manufacturing output only edged up 0.1 percent. Revisions to mining and utilities altered the pattern of growth for October an…
    - 19 hours ago 17 Jan 18, 2:26pm -
  • !MBA: Mortgage Applications Increase in Latest Weekly Survey
    From the MBA: Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the w…
    - 22 hours ago 17 Jan 18, 12:00pm -

The Undercover Economist

  • How To Think, in eight easy steps
    I enjoyed reading Alan Jacobs’s How To Think (US) (UK). Jacobs could have worked through a list of logical fallacies, or even of cognitive biases (well-covered in David McRaney’s engaging You Are Not So Smart (US) (UK)). Instead, he’s parti…
    - 10 days ago 8 Jan 18, 1:35pm -
  • William Golding explains Brexit
    For educational reading, the British political establishment might pick up something by William Golding, winner of the Nobel Prize for literature in 1983. Lord of the Flies (UK) (US) is his most famous work, with its grim suggestion that the line bet…
    - 13 days ago 5 Jan 18, 1:07pm -
  • Help with your New Year’s Resolutions is at hand!
    If your resolution is to get more done, I recommend Cal Newport’s remarkable book Deep Work. (US) (UK) Newport argues that success in the world of work is dependent on the amount of time we can devote to serious, deep thinking. An observation tha…
    - 18 days ago 31 Dec 17, 6:07pm -
  • Could we run the economy with an app?
    The control room is hexagonal, containing a circle of white fibreglass swivel-chairs with red-brown cushions and inbuilt push-button panels. The room is reminiscent of Star Trek, but it is no film set. Project Cybersyn was an attempt in the early 197…
    - 20 days ago 29 Dec 17, 1:06pm -
  • Economicky words are just plain icky
    Why can’t economists just speak plainly and clearly? The dismal science has had an image problem for a long time — long enough for most people to forget that the “dismal science” insult was hurled by the despicably eloquent racist Thomas Carl…
    - 27 days ago 22 Dec 17, 12:38pm -

Marginal Revolution

  • !Rule of law implies a somewhat slack enforcement of immigration restrictions
    That is the topic of my latest Bloomberg article, here is one bit: What is striking about immigration, and immigration policy, is the very simple but oft neglected fact that it concerns human bodies. Any exercise of immigration law thus requires som…
    - 3 hours ago 18 Jan 18, 6:47am -
  • !Average is over, NYC private school edition
    Compensation for the heads of some elite private K-12 schools in New York City is nearing $1 million. Much in the city’s private school world can seem beyond the norm: the tuition and fees (topping $50,000 a year), the kindergarten application pro…
    - 4 hours ago 18 Jan 18, 5:53am -
  • !Wednesday assorted links
    1. Why the most interesting man in the world isn’t so interesting any more. 2. Facebook killed the news media three times. 3. What chess trash talking looks like. 4. Peter Coy reviews Bryan Caplan. 5. AEA Ad Hoc committee statement on a code of pro…
    - 14 hours ago 17 Jan 18, 7:40pm -
  • !My Conversation with Ross Douthat
    I think Ross, along with Steven Pinker, received the hardest (though never hostile) questions from me, but of course that is a measure of respect.  Plus serious questions about God are difficult by their nature.  Here is how the summarizers descri…
    - 18 hours ago 17 Jan 18, 4:10pm -
  • !Dear Canada: Don’t Ban Paid Blood Plasma Donation
    The United States has been called the OPEC of blood plasma because it exports hundreds of millions of dollars worth to other countries. Why does the US dominate the blood plasma industry? Because in the U.S. it’s legal to pay donors which increases…
    - 21 hours ago 17 Jan 18, 12:25pm -

Beat The Press

Liberty Street Economics

  • !Did Import Competition Boost Household Debt Demand?
    In the years preceding the Great Recession, the United States experienced a dramatic rise in household debt and an unprecedented increase in import competition. In a recent staff report, we outline a link between these two seemingly unrelated phenome…
    - 22 hours ago 17 Jan 18, 12:00pm -
  • What about Spending on Consumer Goods?
    In a recent Liberty Street Economics post, I showed that one major category of consumer spending—spending on discretionary services such as recreation, transportation, and household utilities—behaved very differently in the 2007-09 recession and…
    - 2 days ago 16 Jan 18, 12:00pm -
  • Beginning to Gauge Maria’s Effect on Puerto Rico’s Economy
    Just two weeks after most of Puerto Rico dodged the proverbial bullet, missing the brunt of Hurricane Irma, the island was devastated by Maria—one of the ten strongest Atlantic hurricanes on record. Making landfall on September 20, 2017, the storm…
    - 6 days ago 12 Jan 18, 12:00pm -
  • The ‘Banking Desert’ Mirage
    Donald P. Morgan, Maxim Pinkovskiy, and Davy Perlman Unbanked households are often imagined to live in urban neighborhoods devoid of banks, but is that really...
    - 8 days ago 10 Jan 18, 12:00pm -
  • Fiscal Implications of the Federal Reserve’s Balance Sheet Normalization
    In the wake of the global financial crisis, the Federal Reserve dramatically increased the size of its balance sheet—from about $900 billion at the end of 2007 to about $4.5 trillion today. At its September 2017 meeting, the Federal Open Market Com…
    - 9 days ago 9 Jan 18, 12:00pm -


  • Should We Really Behave Like Economists Say We Do? (Rebroadcast)
    Season 7, Episode 12  You have perhaps come across the phrase homo economicus, which describes a model for human behavior as seen through the lens of economics. In this hour, you’ll hear Freakonomics Radio producer Greg Rosalsky embark on a long a…
    - 55 days ago 23 Nov 17, 11:00pm -
  • Is America Ready for a “No-Lose Lottery”? (Update)
    Most people don’t enjoy the simple, boring act of putting money in a savings account. But we do love to play the lottery. So what if you combine the two, creating a new kind of savings account with a lottery payout? The post Is America Ready for a…
    - 56 days ago 23 Nov 17, 4:00am -
  • An Astronaut, a Catalan, and Two Linguists Walk Into a Bar…: TMSIDK Episode 36
    Why New York has skinny skyscrapers, how to weaponize water, and what astronauts talk about in space. John McWhorter is co-host; Bari Weiss is live fact-checker.The post An Astronaut, a Catalan, and Two Linguists Walk Into a Bar…: TMSIDK Episode 3…
    - 59 days ago 20 Nov 17, 1:00am -
  • Why Doesn’t Everyone Get the Flu Vaccine?
    Season 7, Episode 11 This week on Freakonomics Radio: what if there were a small step you could take that would prevent you from getting sick, stop you from missing work, and help ensure you won’t play a part in killing babies, the sick, and the e…
    - 62 days ago 16 Nov 17, 11:00pm -
  • Nurses to the Rescue!
    They are the most-trusted profession in America (and with good reason). They are critical to patient outcomes (especially in primary care). Could the growing army of nurse practitioners be an answer to the doctor shortage? The data say yes but — b…
    - 63 days ago 16 Nov 17, 4:55am -

Conversable Economist

  • !Snapshots of Economic Inequality Around the World
    Compiling data on economic inequality from countries all around the world is a hefty task, which has been shouldered by a group of more than 100 researchers around the world who contribute to the efforts of the World Inequality Lab and the World Weal…
    - 19 hours ago 17 Jan 18, 3:16pm -
  • Some Economics for Martin Luther King Day
    On November 2, 1983, President Ronald Reagan signed a law establishing a federal holiday for the birthday of Martin Luther King Jr., to be celebrated each year on the third Monday in January. As the legislation that passed Congress said: "such holida…
    - 3 days ago 15 Jan 18, 4:01pm -
  • The Problem of Questionable Patents
    The theoretical case for patents is clear enough: if you want people and companies to have an incentive for investing money and time in seeking innovations, you need to offer them some assurance that others won't immediately copy any successful disco…
    - 6 days ago 12 Jan 18, 3:21pm -
  • Does Retirement Raise the Risk of Death?
    I know a few too many examples from my own life of men who retired--and then promptly died. Maria D. Fitzpatrick and Timothy J. Moore provide some systematic evidence on this connection in "The Mortality Effects of Retirement: Evidence from Socia…
    - 7 days ago 11 Jan 18, 5:43pm -
  • Measuring the "Free" Digital Economy
    The digital economy provides a number of services for which the marginal price (given an internet connection) is zero: games like Candy Crush, email, web searches, access to information and entertainment, and many more. Because users are not paying a…
    - 8 days ago 10 Jan 18, 2:00pm -

The Economist

VOX - CEPR's Policy Portal

  • !Reconsidering the ‘China shock’ in trade
    International trade has become a focus of political debates in the US and around the world, but while previous studies focus on the job-reducing effect of the surging imports from China or other low-wage countries on the US employment, the job-creati…
    - 10 hours ago 18 Jan 18, 12:00am -
  • !How the barcode changed retailing
    ICT fuelled rapid growth in US retail during the 1990s and 2000s. This column maps the adoption of universal product codes and scanners to show that the barcode was one of the main drivers of this growth. Companies adopting barcodes employed 10% more…
    - 10 hours ago 18 Jan 18, 12:00am -
  • How to reconcile risk sharing and market discipline in the euro area
    The euro area continues to suffer from critical weaknesses that are the result of a poorly designed fiscal and financial architecture, but its members are divided on how to address the problems. This column proposes six reforms which, if delivered as…
    - 1 day ago 17 Jan 18, 12:00am -
  • Measuring the local economy with Yelp data
    Economic and policy research can often suffer from a scarcity of up-to-date data sources. This column explores the potential for digital data to supplement official government statistics by providing more up-to-date snapshots of the economy. A compar…
    - 1 day ago 17 Jan 18, 12:00am -
  • The price of cyber (in)security
    Cyber attacks are becoming more frequent and increasingly costly. This column discusses some of the challenges involved in measuring the economic damage caused by these attacks, including a lack of agreement on how to assess damage, an asymmetrical d…
    - 1 day ago 17 Jan 18, 12:00am -


  • !Carillion and the reputation of privatisations, by Alberto Mingardi
    "Privatisations" were done to make again room for the private sector, and for government officials to stop managing a particular business. In reality, of course, the boundaries may be blurred... Instances of classical liberal-leaning (critics would…
    - 15 hours ago 17 Jan 18, 6:19pm -
  • For a Free Market in Plasma, by David Henderson
    Ottawa, Ontario and Washington, D.C. - A group of professional ethicists and economists published an open letter urging provincial governments to reconsider proposals to ban compensation for blood plasma donations. The letter is signed by 26 ethicist…
    - 1 day ago 17 Jan 18, 3:07am -
  • Whereof One Cannot Speak, Thereof One Must Be Silent, by Scott Sumner
    We talk too much. I probably talk way too much. Humans like to explain everything, even things that cannot be explained. Over at TheMoneyIllusion I did a post trying to rebut the bubble view of NASDAQ, circa 1999-2000. Lots of people bought tech s…
    - 1 day ago 16 Jan 18, 11:17pm -
  • For Individual Liberty, Size Does Not Matter - or So It Seems, by Contributing Guest
    by Pierre Lemieux"... let's have a look at the empirical evidence. Do available data show a correlation between individual liberty and the size of a country? A positive or a negative one?" In a recent Econlog post, Alberto Mingardi provided an in…
    - 2 days ago 16 Jan 18, 8:55pm -
  • The Case Against Education vs. Libertarian Education Reform, by Bryan Caplan
    Libertarian education reformers have long argued that education is great, but education plus market reforms is even better.  The Case Against Education in contrast, argues that the education industry is more like government-sponsored football stadiu…
    - 2 days ago 16 Jan 18, 6:32pm -

Paul Krugman

Economists View

  • FRBSF FedViews: Current Economy and the Outlook
    From Vasco Curdia of the SF Fed: Vasco Curdia, research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of January 11, 2018. Real GDP grew at an annual...
    - 2 days ago 16 Jan 18, 8:46pm -
  • Paul Krugman: Know-Nothings for the 21st Century
    "So will our modern know-nothings prevail?": Know-Nothings for the 21st Century, by Paul Krugman, NY Times: These days calling someone a “know-nothing” could mean one of two things..., you might be comparing that person to a member of the Know...
    - 2 days ago 16 Jan 18, 5:40pm -
  • Links for 01-15-18
    Some Economics for Martin Luther King Day - Tim Taylor Dollars, Cents and Republican Sadism - Paul Krugman The effects of offshoring on domestic employment - VoxEU ‘Metrics Monday: Useless Hausman Tests - Marc F. Bellemare Milton Friedman and the..…
    - 3 days ago 15 Jan 18, 6:04pm -
  • Links for 01-13-18
    The search for the next president of the NY Fed is a big deal - Josh Bivens Tight money is not the answer to weak productivity growth - Obstfeld and Duval Does Retirement Raise the Risk of Death? - Tim...
    - 5 days ago 13 Jan 18, 6:27pm -
  • Shitholes-R-Us
    We have a shithead president. That is all.
    - 6 days ago 12 Jan 18, 9:13pm -

Naked Capitalism