Reprinted from the Cato Institute One of the least enjoyable aspects of working is the process of actually getting to work. For nearly 85 percent of Americans, that means driving…
Category:
Economy
The Federal Open Market Committee (FOMC) increased its federal funds rate target by 50 basis points on Wednesday, a smaller increase than in recent meetings. The target inflation range is…
Freedom is a complicated idea. Since we can talk about liberty in the positive and the negative, it’s also a contradictory idea. In our time, liberty has meant the ability…
On this day in 1947, three researchers at Bell Laboratories created the first transistor, the little components that act as switches in integrated circuits, controlling the flow of electricity through…
Total nominal retail sales and food-services spending fell 0.6 percent in November after increasing 1.3 percent in October. From a year ago, retail sales are up 6.5 percent and remain…
The December 13, 2022 Consumer Price Index report had few surprises, at the headline and core level. Disinflation is occurring, albeit slowly. The S&P futures markets responded positively, seeing a…
Initial claims for regular state unemployment insurance fell by 20,000 for the week ending December 10th, coming in at 211,000. The previous week’s 231,000 was revised up from the initial…
Total industrial production decreased by 0.2 percent in November after declining by 0.1 percent in October. Total industrial production is down in five of the last seven months. Over the…
Credit Bill MacAskill for a Big Think piece. It’s not every day, after all, that we’re asked to take a “million-year view” or to allow our imaginations to roam about…
Among the most satisfying of my professional duties as an economics educator is one that, when I got my first job at George Mason University, I did not anticipate performing.…