Category: Macroeconomics
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This Is Bad Stock Market News
When stock prices go up, is that good? And when they go down, it’s bad? That apparently is what many financial reporters assume, and they keep reminding us of it. Below are examples of stock market news headlines from some major U.S. sources. What they all have in common: when the market went up, they…
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This Is the World’s Other Existential Crisis (Why Isn’t It In the News?)
Climate change is an “existential” crisis facing the world — at least according to news headlines. But there’s another looming crisis of the existential variety, that few reporters ever cover. This is unfortunate. If you are a news reporter, or a communicator about public policy in almost any capacity, you should should be giving this…
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Elizabeth Warren, Libertarian
U.S. progressives have lionized Senator Elizabeth Warren as champion of the 99 percent against the powers of Wall Street. But how many have looked up her views on education? They should, because she is equally right on that subject. Progressives take note: Elizabeth Warren wants school choice, in other words vouchers, for 100% of American…
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Who Is An Economist?
Can someone be an economist, without a Ph.D. degree in the subject? The unwritten rule in USA is: No. This can get awkward. The chairman of the Federal Reserve Board is, in effect, the country’s economist-in-chief. But when Jerome Powell was appointed to this position in 2017, the press widely called him “not an economist”…