David Henderson is a research fellow with the Hoover Institution and an economics professor at the Graduate School of Business and Public Policy, Naval Postgraduate School, Monterey, California. He is editor of The Concise Encyclopedia of Economics (Liberty Fund) and blogs at econlib.org.
We often picture some companies producing for export but using as inputs almost entirely domestically produced items. Wrong! If the feds raise the tariff on imports, the cost of producing many exports will rise too.
Earlier this month, we found out that our favorite cat, Joey, has small cell lymphoma. That's the bad news. The good news is that they now have chemotherapy for cats. We inject a pill 3 times a week. All things considered, the pills are not expensive. The very existence of chemo for cats is due to both the medical and the economic progress we have made in recent years.
As someone who has, to put it mildly, not been a fan of Donald Trump, I've been pleasantly surprised by many of his picks for cabinet positions. Looking at them I conclude, at least for the present, that they are on average better than Ronald Reagan's picks. Here are what I currently regard as the best picks, alongside the ones Reagan chose for that position.
A new study (by a key architect of Obamacare, no less) shows that while some who were enrolled in Medicaid as a result of Obamacare would lose their insurance, an even a greater number would not.
Many people have already done obits and reminiscences of Robert Tollison, a 73-year-old economist who died in his sleep on Monday. My experience of Bob was very different than others'.
Think about how little you know about the politics, race, gender, or even nationality of the person who makes the bread you buy. You don't know because you don't care. What you care about is getting the best deal on bread.
I would love to write that pro-Obamacare piece, but...
Employers are not sitting targets: when one form of compensation is forced up, others will be reduced.
The law will have devastating consequences, particularly for immigrants, minorities, and the less educated.
"The historical result of economic illiteracy has often been ethnic and class violence."
Trade with China has effectively reduced inequality by lowering the prices poor people pay for goods relative to the prices the rich pay.
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