To the Great Depression and the Great Recession, we can now add coronavirus stimulus spending as examples of John Maynard Keynes’s philosophy.
What We Can Learn From a Happiness Curve
Whether looking at great apes or humans, there is evidence that all of us experience a dip in our happiness curves at a similar stage of the life cycle.
The Connection Between Traffic Jams and Jobs
As the downside of low unemployment, traffic congestion can have an invisible cost that relates to time, gas, and aggravation.
The $4 Trillion Question
Although quantitative easing flooded the banking system with trillions of dollars, we are still debating how much it lifted the economy.
How to Measure Our Misery
The economic way to demonstrate sadness is to look at misery indexes that use macro data to measure changes in our emotions.
A Tale of a New Shopper and an Old Brand
The retail unemployment caused by the decline of J. Crew and other beloved mall stores relates to a structural change in their industry.
Weekly Roundup: From Smart Cars to Dumb Laws
This week’s economic news summary includes work week tradeoffs in France, new labor laws for the gig economy, and why price tags are disappearing.
The Fed’s Inflation Mystery
Usually Federal Reserve interest rate hikes should control inflation but now it is mysteriously missing, even with low unemployment.