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Should We Worry About Global Imbalances?
On the significance of safe asset shortages
May 1
•
Josh Hendrickson
35
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Should We Worry About Global Imbalances?
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1
April 2025
When do rent controls help renters?
They lower price. But at what cost? Bulow and Klemperer provide the tools.
Apr 24
•
Brian Albrecht
72
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When do rent controls help renters?
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Is Dollar Dominance Good for the U.S.?
Thoughts on the U.S.'s so-called exorbitant privilege.
Apr 17
•
Josh Hendrickson
64
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Is Dollar Dominance Good for the U.S.?
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5
Will a recession raise productivity?
Probably not. But, historically, U.S. recessions often have.
Apr 10
•
Brian Albrecht
32
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Will a recession raise productivity?
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10
High tariffs didn't make the U.S. rich in the 19th century. They won't this time.
On tariffs and 19th century economic growth
Apr 7
•
Brian Albrecht
69
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High tariffs didn't make the U.S. rich in the 19th century. They won't this time.
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Can What We Know About Firms Help Us to Understand the Organization of Congress?
Congress, like the firm, is designed to minimize the costs associated with ensuring contractual performance and opportunistic behavior
Apr 3
•
Josh Hendrickson
21
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Can What We Know About Firms Help Us to Understand the Organization of Congress?
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March 2025
Stop saying a value-added tax is an export subsidy
It's not. No matter how many times people (even economists) say they are.
Mar 27
•
Brian Albrecht
117
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Stop saying a value-added tax is an export subsidy
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21
Do Lower Legal Interest Rates Actually Reduce Borrowing Costs?
The problem with maximum interest rates is that they increase the marginal cost of borrowing
Mar 20
•
Josh Hendrickson
28
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Do Lower Legal Interest Rates Actually Reduce Borrowing Costs?
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1
A British Conservative proposes the worst idea in competition policy yet
When you get the facts and the theory wrong, bad policy conclusions are likely to follow.
Mar 18
•
Brian Albrecht
45
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A British Conservative proposes the worst idea in competition policy yet
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2
What We Have Been Up To...
We've been busy. Here's what we have been doing.
Mar 13
•
Josh Hendrickson
and
Brian Albrecht
18
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What We Have Been Up To...
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Prices are signals (and politicians keep shooting the messenger)
Economic policy insight #1: A price is a signal wrapped in an incentive.
Mar 6
•
Brian Albrecht
133
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Prices are signals (and politicians keep shooting the messenger)
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19
GDP is a good measure. Don't mess with it for political reasons.
Removing government production from GDP Is a terrible idea
Mar 3
•
Brian Albrecht
140
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GDP is a good measure. Don't mess with it for political reasons.
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39
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