Guest Contribution: “Immigration and US Shelter Prices: The Role of Geographical and Immigrant Heterogeneity”
Today we are pleased to present a guest contribution by James Cabral (University of Toronto) and Walter Steingress (University of Wisconsin). The views expressed are
The Leading Economic Index, The Term Spread, and Historical Correlations
I’ve updated the “regression camp” membership list. Assuming no recession shows up (hear Cam Harvey talk about the issue), what can we take from the
What Kind of Macro Model is the Heritage Foundation Using?
From Heritage: Every dollar the government spends must first be taken from the private sector. Whether the government pays for its spending through explicit taxation,
Nonsensical Graphs that People Post
Item 1: Source: Antoni. Item 2: Source: Antoni. Not that the data are “wrong” (I’m not a data conspiracy theorist). Just without context, it’s pretty
Why So Glum? Structural Break in Michigan Sentiment?
Ryan Cummings and Ernie Tedeschi have a very interesting article in BriefingBook today which casts new light on the disjuncture between measured sentiment and conventional
Nick Lardy on China’s Rise and Economic Conflict with the US
This Thursday 4:30 CT at UW: China GDP growth through Q3: BOFIT reviews the recent stimulus measures: My impression is that the failure
CatholicVote: “Two economists reported that after adjusting government statistics to more accurately measure inflation, it became clear that the country has been in a recession for the past two years under the Biden-Harris administration”
That’s the title of this article. Heritage Foundation Research Fellow EJ Antoni and Mises Institute Fellow Peter St Onge compiled the report for the Brownstone Institute for
Has GDP Growth Been Faster under Biden vs. than under Trump? Answer: Yes
I keep on hearing people like House Speaker Mike Johnson saying how growth under Trump was the fastest. Well, just comparing against the last three
The Gutting of the US Dollar, According to Vladimir Putin
From EJ Antoni and Peter St. Onge channel Vladimir Putin (Feb 2024): America’s political establishment has less respect for the U.S. dollar than our foreign
Federal Interest Payments: To the Public vs. To the Rest-of-Federal Government
Ode to an EJ Antoni graph (apologies to Keats). Total interest payments have risen substantially, and this shows up in a scary picture: Figure 1: