ECONOMY

Groceries Rose 9% m/m (annualized) in December

Reported hits the September USDA Economic Research Service forecast. Figure 1 displays the food-at-home component of the CPI, along with

ECONOMY

Change in Federal Debt Held by the Public, Trump 1.0, 2.0, and Biden

The graph says it all. Figure 1: Federal debt held by the public, trn $, end-of-period (blue, left log scale),

ECONOMY

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

ECONOMY

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

ECONOMY

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.    

ECONOMY

The PRC’s Intimidation Campaign | Econbrowser

Chinese forces are conducting a massive military exercise in the areas surrounding Taiwan — a major economic power and supplier

ECONOMY

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

ECONOMY

Good news from the GDP report

The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 4.3% annual rate in

ECONOMY

Rent Control Creates Ghost Apartments

Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult.

ECONOMY

A Conjectured Sahm Index for November [corrected]

The November unemployment rate came in at 4.6% v. 4.5% Bloomberg consensus. What does the Sahm rule say about whether