America’s great migration
The young and ambitious are fleeing the stagnant coastal states for the booming heartland.
‘For many states that were once great have now become small; and those that were great in my time were small formerly. Knowing therefore that human prosperity never continues in one stay.’ So wrote Herodotus in his Histories, in the fifth century BC. He reminds us that world history is not a morality tale between the ‘powerful’ and their victims. Rather, societies evolve, grow stronger and overcome weaker ones. People – and, more recently, capital – migrate to places that offer greater opportunities.
Economic Dynamism
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
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Why Can't the Middle Class Invest Like Mitt Romney?
Why can’t middle-income Americans pay effectively no taxes on investments like the wealthy do?
The Revenge of the Supply-Siders
Trump would do well to heed his supply-side advisers again and avoid the populist Keynesian shortcuts of stimulus checks or easy money.
