The Federal Reserve System attempts to mimic the balance of powers that is present in our three branches of federal government, and the unique short and long-term interests are analogous to the US …

Depending on who I tell, I’m given both congratulations and condolences. Generally, at my university there is an expectation that department faculty ‘take turns’ being chair. So, we’re expected to …

The OP laments poor policy in Massachusetts. But compared to some other nearby states, MA is doing just fine economically. This is not the same as saying that the OP is wrong about poor policies. R…

New data from a Phase 3 trial show that the daily anti-obesity pill may be as safe and effective as drugs like Mounjaro and Ozempic for weight loss and lowering blood sugar.

Who ends up benefiting from the deduction? The short answer is people who 1) itemize & 2) have heavy state and local tax bills. Who is that? Rich people of course! They have high incomes and lo…

If you want to enjoy $500 of real, after-tax monthly income once you hit age 65, then you can start your modest $100 monthly contributions by the time your about 36 years old – assuming you only pl…

Even after the pandemic policies have settled down, we are still SO MUCH RICHER – and even richer than we were with all of the pandemic-related stimulus. The worst consumption category since the pa…

ut sometimes the field-to-general language translation doesn’t work because readers don’t have an adequate grasp of either language. It isn’t necessarily that readers are generally illiterate. It m…

They were at an impasse. The department award winner is usually no contest. The person who excels in one area tends to also excel in the others. This year, the decision was so unclear and the facul…

The only good news in the income growth chart is for illiterate individuals. Those individuals had faster income growth when they were operatives, but it was still 0.5pp slower than the baseline po…

The beauty is that people who are smarter than me have shown that this process is convergent. That is, we’ll get a distribution of posterior image probabilities for each smoothing parameter.

They couldn’t really ask the coworkers what their WTP is. People are social creatures and have many reasons to lie, mislead, signal, and to simply not know. Since someone’s WTP reflects…

Desktop computers display the entire menu of Fn keys as if to invite you to ask ChatGPT about them. Laptops, however, make us just a tiny bit stupider by default. The function keys share space with…

Myself and a student coauthor worked hard on our article that is now published in Social Science History. It’s the first modern statistical analysis of the historical deaf population. We bring an e…

Online shopping is convenient and even the norm for many items. Going to the store sounds like a time-consuming labor or an exceptional outing. My family, for example, lives in a suburban location …

Economists are pretty united against tariffs. There are lots of complicated arguments. Keeping things simple, one reason is that they are bad for welfare. President-elect Trump seems to imply that …

Excel is an attractive tool for those who consider themselves ‘not a math person’.  In particular, it visually organizes information and has many built-in functions that can make your life eas…

I’ve written about proteins twice before. Once concerning protein content generally and then another concerning amino acid content of animal proteins. The reason that I stuck to animal proteins ini…

I wrote about the protein content of different foods previously. I summarized how much beef versus pea and wheat flour one would need to eat in order to consumer the recommended daily intake (RDI) …

People used to talk about higher gasoline prices all the time, but never discussed with the same enthusiasm when prices fell. The same is true for lumber. We heard hysterical stories of record high…