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Elon Musk vs. Jeff Bezos: Is the Moon Big Enough for Two Lunar Billionaires?

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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.

Carola Binder, Pascal Frank, Jane M. Ryngaert
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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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AI and the Future of Society and Economy

Large language and generative AI models like ChatGPT are the equivalent of the first automobiles: fun to play with, somewhat unreliable, and maybe a little dangerous. But over time, the lesson for will be clear: Who Learns Fastest, Wins.

Joel Kotkin, Marshall Toplansky
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Automated Detection of Emotion in Central Bank Communication: A Warning

Can LLMs help us better understand the role of emotion in central bank communication?

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Ignore 'Open Letters' From Economists

Don’t be swayed by “open” letters signed by well-known and well-respected scholars, experts, professors, and businessmen.

Charity-Joy Acchiardo, Dirk Mateer & Brian O'Roark
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Demystifying the New Deal

Carola Binder reviews False Dawn: The New Deal and the Promise of Recovery, 1933–1947 by George Selgin

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Why Is California Losing Good Jobs to Other States? It’s Not Rocket Science

The system that made California dynamic and prosperous for so long is now broken and backward-looking

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Trump’s Factory Revival Is Happening

Think what you will of President Trump’s chaotic-seeming tariff policies. The ostensible goal — the revitalization of US manufacturing — is of decisive importance for the success of the nation.

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Unlocking Housing Supply: Market-Driven Solutions for Growing Communities

Economic Dynamism
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Trump’s Tariff-for-Income-Tax Swap

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Why the Damage to Fed Independence May Have Already Been Done

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Richard Epstein: Law and Economics of Public Sector Unions

Economic Dynamism
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Can the U.S. Defense Industrial Base Meet Today’s Challenges?

Economic Dynamism
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Economic Dynamism
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Elon Musk vs. Jeff Bezos: Is the Moon Big Enough for Two Lunar Billionaires?

Jeff Bezos seems to have realized that Blue Origin must change how it does business and pick up the pace if it expects to keep pace with the frenetic Mr. Musk.

Richard Smith
Economic Dynamism
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Does the Market Economy Need a Moral Rebalancing?

Does the market economy need a new “moral architecture”?

John C. Pinheiro
Economic Dynamism
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The GAIN AI Bill Is an American Loss

This statute is yet another chapter in the protectionist regime that populist Republicans and Democrats alike are building.

Richard Epstein
Economic Dynamism
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The Fed’s Missing Independence

Pressures on the Fed are inevitable in an era of chronic deficits.

Veronique de Rugy
Economic Dynamism
Oct 29, 2025
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