Nobel Laureate Edmund Phelps on What Makes Nations Prosper
These remarks were delivered on May 8, 2024 at The Austin Symposium.
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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.
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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.
Ignore 'Open Letters' From Economists
Don’t be swayed by “open” letters signed by well-known and well-respected scholars, experts, professors, and businessmen.
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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The Betrayed Consumer
Public skepticism of “capitalism” will diminish only when citizens see large firms being disciplined through entry, exit, and consumer choice rather than political ties.
Obamacare Needs Life-Altering Surgery
If you think healthcare is expensive now, P.J. O’Rourke once quipped, just wait until it’s free.
