What Does the Unemployment Rate Measure? Labor Market Slack or the Social Stress of Joblessness? Why Does it Matter?

What Does the Unemployment Rate Measure? Labor Market Slack or the Social Stress of Joblessness? Why Does it Matter?

photo: Rui Duarte The unemployment rate published monthly by the Bureau of Labor Statistics is one of the most widely watched of all economic indicators. But why? What does it really measure? The news media, politicians, and voters tend to see the unemployment rate as an index of the social stress of joblessness. There is ample […]

Promises of Corporate Tax Reform are Forgotten as Obama Wages War on Inversions

Promises of Corporate Tax Reform are Forgotten as Obama Wages War on Inversions

photo: London Summit The Obama administration has taken off the gloves in its war on runaway corporations. On April 4, the Treasury released a new set of rules designed to curb “inversions,” a strategy in which a US company cuts its corporate tax burden by merging with a foreign company and moving its official tax residence […]

Voters Are Angry About Free Trade. What Is the Right Policy Response?

Voters Are Angry About Free Trade. What Is the Right Policy Response?

photo: DonkeyHotey The two most watched candidates of this presidential election season, Donald Trump and Bernie Sanders, have put anger over the effects of free trade at the center of their campaigns. In doing so, they have won millions of votes. Many of the arguments they use in their stump speeches are overly simplistic, but the […]

Voters are Angry about Free Trade. What is the Right Policy Response?

The two most watched candidates of this presidential election season, Donald Trump and Bernie Sanders, have put anger over the effects of free trade at the center of their campaigns. In doing so, they have won millions of votes. Many of the arguments they use in their stump speeches are overly simplistic, but the anger […]

The Great Bipartisan War on Free Trade

The Great Bipartisan War on Free Trade

photo: Dirk Dallas Like most economists, I am strongly inclined toward free trade. I cringe to see the way free trade is under attack, from both parties, during this primary season. The two populist candidates are the worst offenders. Bernie Sanders, whom I support on many other issues [1] [2] [3], goes off the rails when it comes to […]

The Great Bipartisan War on Free Trade

Like most economists, I am strongly inclined toward free trade. I cringe to see the way free trade is under attack, from both parties, during this primary season. The two populist candidates are the worst offenders. Bernie Sanders, whom I support on many other issues [1] [2] [3], goes off the rails when it comes […]

Why Sanders Healthcare Plan Is on the Right Track

Why Sanders Healthcare Plan Is on the Right Track

photo: Phil Roeder Presidential candidate Bernie Sanders has reopened the healthcare debate by urging America to adopt a system more like that of other wealthy countries. “The United States is the only major country on earth that doesn’t guarantee health care to all people,” he says, “And we end up spending far, far more per capita on […]

1 2 3 28