Josh Hendrickson argues that an ideal price index should include asset prices. I am not going to address that issue, as I’m not sure what an ideal price index is. But it’s a good post—worth...
https://www.themoneyillusion.com/price-indices-constant-utility-or-constant-quantity/
My basement recently flooded, and I was forced to knock out some drywall to prevent mold. At one point, I discovered a secret compartment that was completely walled in. It contained several boxe...
I saw the following headline in the National Review: What It Took for Republicans to Break with Trump The article discussed the overwhelming vote to force a TikTok sale, which Trump “opposes”...
In recent years, I’ve been bemoaning a new “dark age of macroeconomics”. I know less about current trends in micro, and thus was interested in these comments by Steven Levitt (from an inter...
There is evidence that nominal wages in Japan are finally starting to rise: Toyota Motor Corp. met its labor union’s demands for increases in salary and bonuses in full for the fourth straight...
1. This confused me: Renewed efforts by Congress to force TikTok to sell or face a ban in the US have the backing of the White House, even as President Joe Biden’s reelection campaign has start...
Here’s The Economist: The economists who had warned that excessive stimulus and overheating demand, rather than production snarls, would make inflation a more serious problem seemed prescient. ...
Some of the populists that infest my comment section have challenged my claim that the economy is doing well, despite 51% of the public rating it as “poor”. They suggest that I am arrogant to...
https://www.themoneyillusion.com/how-dare-i-disagree-with-the-public/
Yesterday, I saw Dune 2 in a huge theater (with only one other patron.) Before the feature presentation, I was subjected to 35 minutes of torture. First a series of ads, then one preview after an...
https://www.themoneyillusion.com/loud-salty-and-stupid-give-em-what-they-want/
There are times when the claims of bubble proponents becomes so far-fetched that you wonder if it’s all just a spoof. Bloomberg provides a recent example: Nvidia Corp.’s rise is captivating...
https://www.themoneyillusion.com/about-that-2017-tesla-bubble/