New episode! Bryan Cutsinger on the What the History of Growth Driven Deflation Can Teach us about a Potential AI Boom Bryan Cutsinger and David Beckworth respond to Ben Bernanke’s 2002 speech titled, Deflation: Making Sure IT Doesn’t Happen Here.

In case you missed it! Bryan Cutsinger explains to David Beckworth why the 1800s deflationary period is an important example of growth driven deflation.

More macro! Bryan Cutsinger and David Beckworth lay out why a nominal income target is so useful when it comes to distributing real gains in the economy.

"Historians of the Future" Terrific article by Carola Conces Binder! civitasoutlook.com/research/ludwi…

Always great getting to hang with terrific Romina Boccia!

Great question! I’d recommend 3 things. 1. Chicago Price Theory 2. Deirdre Nansen McCloskey’s old undergrad text for a bunch of examples to work through deirdremccloskey.com/docs/price.pdf 3. Any of Matthew E. Kahn’s lecture note books, again for examples of research questions amzn.to/3LxpCVC

Recently, the lovely people at Institute of Economic Affairs provided me an opportunity to share my latest thoughts on fertility and policy. As always, the writing process clarified my thinking. The report includes an argument for my preferred fertility statistic for policy debates (the gap

Come to the Sip

As the job market in economics begins, I'd like to point out my friend Jon Hartley of Stanford. He is more productive than I am. In a truly competitive market, he should take my spot. jonathanhartley.net/research

Landes: "[Coase] said he had gotten tired of antitrust because when the prices went up the judges said it was monopoly, when the prices went down, they said it was predatory pricing, and when they stayed the same, they said it was tacit collusion"

“Bomb damage or rent control?” Still sadly relevant: fraserinstitute.org/sites/default/…

Sometimes when a murder mystery has a simple solution, the reader revolts. I consider much criticism against the economic approach in a similar vein. Heterodox econs and many Austrian types just cannot stand that it explains so many phenomena in such a simple manner.

Bryan Cutsinger new Econlib post shows how Texas’s low-flow mandate raises costs, lifts prices, and leaves both plumbers and consumers worse off. When supply shifts more than demand, deadweight loss follows. loom.ly/I-5QqzQ

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New working paper in which I try to explain some common features of extortion practiced by Italian mafias.

I corrected this bullshit table. References below

The WSJ writes that the Fed is "getting used to 3% inflation," raising its de factoinflation target. It shouldn't. I review the reasons here: onlinelibrary.wiley.com/doi/full/10.10…

Think of the children.