[Re-Post] The Treasury Standard
Thinking about the international monetary system
Economic Forces
Pondering price theory, past and present. A weekly newsletter covering all things economics.
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Hotelling doesn't say what you think it says
“Why do gas stations locate across the street from each other?” Hotelling.
Mr. Bessent and the Yen
Why is the U.S. intervening to boost the value of the yen?
Losers and Welfare
What is the relevant welfare criterion for economic analysis?
What will happen to Mamdani's grocery stores?
We finally have some more details on what NYC’s Mayor Zohran Mamdani has in mind for his government grocery.
GDP and Living Standards
Does GDP Capture Changes in Living Standards? Potential Implications for Our AI Future
[Re-Post] What (and who) in the world are we trying to tax when we tax corporate income?
Inside the wild world of corporate tax theory
Where the returns to AI go
The scarce return earns the rents. So what remains scarce?
AI Policy and National Defense
How should we think about national security concerns and AI?
Never Reason from an Accounting Identity, Redux
Economic confusion all around