Price controls are worse than you think

Markets, diff-in-diff, and "The Missing Intercept" problem

On the meaning of price discrimination

Only through a process do markets become competitive

Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank in defiance of calls for her resignation by President Donald Trump over allegations of mortgage fraud.

Supply and demand invariably overcome any effort to defy or outsmart them.

Some principles of taxation

Some principles of taxation

The real "cautionary tale" is that the old taxi cartels were bad

Research suggests not.

Economic policy insight #1: A price is a signal wrapped in an incentive.

Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.

Pondering price theory, past and present. A weekly newsletter covering all things economics. Click to read Economic Forces, a Substack publication with tens of thousands of subscribers.

I'll take the win for supply and demand. But is it a good policy?

It's not much.

We document the effects of a comprehensive set of US retail mergers. On average, prices increase by 1.5% and quantities decrease by 2.3%, with significant heter