Economics

Why America Is Experiencing Two Very Different Economic Recoveries 0
- Economics
- October 19, 2020
Nations across the world are still reeling from the COVID-19 pandemic, which triggered a global recession following economic lockdowns enforced by most developed nations around the world. New estimates put the economic losses at more than $16 trillion, and the United States saw its GDP shrink 9.5 percent between April and June, its largest drop
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New Study Pegs COVID-19 Crisis Costs at $16 Trillion—So Far 0
- Economics
- October 15, 2020
Estimated costs of the coronavirus pandemic are in. The results are not pretty. A new study co-authored by Harvard economist David M. Cutler and former World Bank chief economist Lawrence H. Summers places the costs of the COVID-19 pandemic north of $16 trillion. “The estimated cumulative financial costs of the COVID-19 pandemic related to the
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Can California Be Saved From Its Politicians?0
- Economics
- October 8, 2020
It’s hard to choose one image, or juxtaposition of images, that best sums up the state of California at the end of summer, 2020. Is it the eight-year-old girl’s birthday party being broken up by a long line of police officers, or the lone paddleboarder arrested out in the ocean for violating social-distancing orders? While
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Socialist-Themed Vegan Meat Company Learns Marxism Works Better in Theory Than Practice 0
- Economics
- October 6, 2020
With products like Comrade Cluck (a plant meat, not actual chicken), No Evil Foods has had success casting itself as a “revolutionary” food company that embodies progressive values. But the company is learning marketing progressive ideas is easier than implementing socialist-style economics. For months, company leaders have been resisting a unionization effort by workers at
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Pre-Pandemic Economy Hit Unprecedented Heights for Black and Hispanic Americans 0
- Economics
- October 5, 2020
The grim and isolated life many Americans have adopted during the ongoing COVID-19 crisis is often referred to as the “new normal.” But when it comes to the economic side of the pandemic, we should all hope that this year’s business shutdowns, massive government interventions, runaway spending, and skyrocketing deficits are not here to stay.
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Car Seats as Contraceptives 0
- Economics
- October 5, 2020
Seat belts save lives. Child safety seats save lives. These statements seem blindingly obvious. But everything has a cost. Two American economists recently studied the social effects of mandating child safety seats from 1973. They concluded, counterintuitively, that the conventional wisdom is both right and wrong. They estimate that these popular laws prevented only 57
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