Fear of larger wars in East Africa
This is one of my major worries for 2026 and beyond. The ethnic and tribal conflict in Ethiopia is not
The share of factor income paid to computers
Via Kevin Bryan. The post The share of factor income paid to computers appeared first on Marginal REVOLUTION. Source link
Real Retail Sales and the Business Cycle
From X today: Nov retail sales came in hot at +0.6% M/M and +3.3% Y/Y, beating expectations and above inflation,
Six Measures of Nonfarm Payroll Employment: All Below Peak
From CES, CPS, QCEW, Philly Fed, and from ADP: Figure 1: Cumulative change in nonfarm payroll employment from BLS CES-official
The Tyranny of the Complainers
Some years ago, Dourado and Russell pointed out a stunning fact about airport noise complaints: A very large number come
Why Some US Indian Reservations Prosper While Others Struggle
Our colleague Thomas Stratmann writes about the political economy of Indian reservations in his excellent Substack Rules and Results. Across 123
The Year in Review, 2025: I wanted lower prices, and all I got is this lousy hole in the ground
Here are some of the most ridiculous (and tragic) events of 2025, in economic or economic policy terms.
J. M. W. Turner, financial arbitrageur
Abstract. J. M. W. Turner is famous for his achievements in graphic arts. What is not known is that he
Marginal Returns to Public Universities
From Jack Mountjoy, forthcoming in the QJE: This paper studies the returns to enrolling in American public universities by comparing
More on the GDP Release: Compare against “Core GDP” and GDO
Following up on Jim’s post yesterday, here are some additional thoughts on the “initial” (consolidated advance and 2nd) release: (1)