The Effect of Russian Embargoes on the War in Ukraine

Russia’s peculiar economic war with the West.

#economic-conditions-and-trends, #economics-theory-and-philosophy, #embargoes-and-sanctions, #internal-sub-only-nl, #international-relations, #international-trade-and-world-market, #natural-gas, #russian-invasion-of-ukraine-2022, #united-states-international-relations, #war-and-armed-conflicts

Supply-Side Economics Isn’t Just for Republicans Anymore

Democrats are shaping their own version.

#democratic-party, #economics-theory-and-philosophy, #federal-aid-us, #inflation-economics, #inflation-reduction-act-of-2022, #internal-sub-only-nl, #production, #united-states-economy, #united-states-politics-and-government

How Do Workers’ Wages Relate to Inflation?

Why workers’ pay has become central to inflation debates.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

Is the U.S. Economy Growing or Not?

One economic measure had it flailing. The other had it doing just fine.

#economics-theory-and-philosophy, #gross-domestic-product, #internal-sub-only-nl, #recession-and-depression, #united-states-economy

Is the U.S. Entering a Recession? Here’s Why It’s Hard to Say.

The U.S. may register a second straight quarter of economic contraction, one benchmark of a recession. But that won’t be the last word.

#consumer-confidence-economic-indicator, #economics-theory-and-philosophy, #gross-domestic-product, #hall-robert-e, #layoffs-and-job-reductions, #national-bureau-of-economic-research, #recession-and-depression, #united-states-economy

Wonking Out: What’s the Matter With Italy?

The caricatures are faulty, but the crisis is real.

#banking-and-financial-institutions, #draghi-mario, #economics-theory-and-philosophy, #european-central-bank, #internal-sub-only-nl, #international-trade-and-world-market, #italy, #lagarde-christine

Paul Krugman: I Was Wrong About Inflation

Some economists warned that the American Rescue Plan would be inflationary. Others, like me, were fairly relaxed.

#american-rescue-plan-2021, #economics-theory-and-philosophy, #gross-domestic-product, #inflation-economics, #keynes-john-maynard, #summers-lawrence-h, #united-states-economy

How to Make a Decision When There’s No ‘Right’ One

Life’s biggest problems are hard to tame with rationality.

#content-type-service, #darwin-charles-robert, #decision-making, #economics-theory-and-philosophy, #marriages, #rationality, #wild-problems-a-guide-to-the-decisions-that-define-us-book

Inflation: A Revolution of Falling Expectations

Surprising hints that this may turn out OK.

#economics-theory-and-philosophy, #federal-reserve-bank-of-new-york, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #university-of-michigan

There’s a Better Way to Measure Economic Inequality

Differences in wealth or income are not good gauges.

#auerbach-alan-j, #economics-theory-and-philosophy, #income, #income-inequality, #internal-sub-only-nl, #kotlikoff-laurence-j, #united-states-economy

The New York Times Is Reimagining Sunday Review

“By renaming the section Sunday Opinion, we’re recognizing the role it plays and making that clearer to readers.”

#economics-theory-and-philosophy, #internal-sub-only-nl

Wonking Out: The Meaning of the Plunging Euro

This time, a weak currency does reflect a weak economy.

#currency, #economics-theory-and-philosophy, #euro-currency, #european-central-bank, #federal-reserve-system, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency

The Humbug Economy

Different data are telling different stories.

#bureau-of-labor-statistics, #economics-theory-and-philosophy, #federal-reserve-system, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #recession-and-depression, #united-states-economy, #wages-and-salaries

Wonking Out: Rockets, Feathers and Prices at the Pump

Yes, market power can worsen inflation.

#biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates

Wonking Out: Taking the ‘Flation’ Out of Stagflation

The trench seems to have recovered its anchor, or something.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #powell-jerome-h, #recession-and-depression, #united-states-economy

Is the Era of Cheap Money Over?

The fundamentals behind low interest rates haven’t gone away.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #mencken-h-l

Wonking Out: Wasn’t Bitcoin Supposed to Be a Hedge Against Inflation?

Another crypto myth bites the dust.

#bitcoin-currency, #economics-theory-and-philosophy, #federal-reserve-system, #gold, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency, #virtual-currency

How America Lost Its Edge

Are we forgetting how to be a society?

#economics-theory-and-philosophy, #europe, #internal-sub-only-nl, #international-trade-and-world-market, #politics-and-government, #portugal, #traffic-accidents-and-safety, #united-states, #urban-areas

Wonking Out: Why Monetary Policy Has Gotten So Hard

If you aren’t taking risks, you aren’t doing your job.

#economics-theory-and-philosophy, #european-central-bank, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #lagarde-christine, #powell-jerome-h, #united-states-economy

Elon Musk, Mars and the Modern Economy

What space fantasies can tell us about terrestrial trade.

#economics-theory-and-philosophy, #internal-sub-only-nl, #international-trade-and-world-market, #mars-planet, #musk-elon, #space-exploration-technologies-corp, #tesla-motors-inc, #twitter

Thomas Piketty’s Radical Plan for a More Equal World

The economist makes his case for universal inheritance, worker ownership and ‘participatory socialism.’

#audio-neutral-informative, #corporate-taxes, #economic-conditions-and-trends, #economics-theory-and-philosophy, #income-inequality, #inflation-economics, #inheritance-and-estate-taxes, #socialism-theory-and-philosophy, #taxation, #united-states-economy, #wages-and-salaries

Wonking Out: How Low Must Inflation Go?

The peculiarity of the 2 percent target.

#blanchard-olivier-j, #economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #new-zealand

Is ‘Greedflation’ Rewriting Economics, or Do Old Rules Still Apply?

Economists and politicians are debating whether monopolistic companies are fueling inflation in ways that confound longstanding theory.

#coronavirus-2019-ncov, #economics-theory-and-philosophy, #inflation-economics, #prices-fares-fees-and-rates, #shortages, #stimulus-economic, #supply-chain, #united-states-economy

How Economists Get People to Do What They Want Them to

Welcome to the world of Bayesian persuasion.

#bayes-thomas, #economics-theory-and-philosophy, #internal-sub-only-nl, #statistics

The Heat Is Already On

And the scope of catastrophe is getting clearer.

#economics-theory-and-philosophy, #global-warming, #heat-and-heat-waves, #hsbc-holdings-plc, #india, #internal-sub-only-nl, #international-trade-and-world-market, #weather

Biden’s Curious Talking Point: Lower Deficits Offer Inflation Relief

The administration says federal spending trends are helping rein in price increases, but the economic calculus may be more complicated.

#biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-budget-us, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

Crashing Crypto: Is This Time Different?

Celebrity endorsements may signal the end of an era.

#adams-eric-l, #banking-and-financial-institutions, #bitcoin-currency, #economics-theory-and-philosophy, #el-salvador, #internal-sub-only-nl, #international-trade-and-world-market, #virtual-currency

From Voodoo to MAGA to Buffalo

How the paranoid style took over the G.O.P.

#conservatism-us-politics, #conspiracy-theories, #economics-theory-and-philosophy, #immigration-and-emigration, #mass-shootings, #republican-party, #right-wing-extremism-and-alt-right, #taxation, #united-states-politics-and-government

Courage Seemed to be Dead. Then Came Zelensky.

Can economics make sense of heroism?

#capitalism-theory-and-philosophy, #economics-theory-and-philosophy, #evolution-biology, #internal-sub-only-nl, #philosophy, #zelensky-volodymyr

Japan Has Long Sought More Inflation and a Weak Yen. But Not Like This.

Rapidly rising food and energy costs, coupled with a plunging yen that has hit a 20-year low against the dollar, are weighing on a Japanese economy struggling to emerge from the pandemic.

#bank-of-japan, #economic-conditions-and-trends, #economics-theory-and-philosophy, #interest-rates, #japan, #kishida-fumio, #kuroda-haruhiko, #russian-invasion-of-ukraine-2022, #yen-currency

‘If Economists Are So Smart, Why Ain’t They Rich?’

Here are five theories.

#economics-theory-and-philosophy, #high-net-worth-individuals, #internal-sub-only-nl

Student Loans Don’t Need to Be Tied to False Promises

College debtors aren’t a privileged class.

#colleges-and-universities, #economics-theory-and-philosophy, #education-k-12, #income-inequality, #internal-sub-only-nl, #international-trade-and-world-market, #student-loans, #united-states-economy, #wages-and-salaries

What’s Fueling the Global Food Crisis?

Surprise: Old-style globalization is bearing the brunt of this crisis.

#agriculture-and-farming, #economic-conditions-and-trends, #economics-theory-and-philosophy, #food, #internal-sub-only-nl, #international-trade-and-world-market, #prices-fares-fees-and-rates, #supply-chain, #united-states-economy

How a Recession Might — and Might Not — Happen

Goldilocks and the macroeconomic bears.

#coronavirus-2019-ncov, #economics-theory-and-philosophy, #inflation-economics, #internal-sub-only, #united-states-economy

Inflation’s Impact on Housing in America

Hike we must, but build we should.

#banking-and-financial-institutions, #economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #mortgages, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states-economy

Wonking Out: Why the Dollar Dominates

There still aren’t any plausible rival currencies.

#currency, #economics-theory-and-philosophy, #euro-currency, #internal-sub-only, #united-states-economy, #us-dollar-currency

Prices Are High, but Inflation Is Dropping. (Don’t Get Too Excited.)

The bullwhip is flicking back.

#consumer-price-index, #economics-theory-and-philosophy, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #prices-fares-fees-and-rates, #supply-chain, #united-states-economy, #wages-and-salaries

Paul Krugman on Why the Economy Is Doing Better Than We Think

The economist and Times Opinion columnist discusses inflation, unemployment and the supply chain crisis.

#economics-theory-and-philosophy, #supply-chain, #unemployment, #united-states, #united-states-economy

Wonking Out: Russian Gas, Acid Rain and Industrial Scaremongers

Why you can’t trust economic advice from big business.

#acid-rain, #clean-air-act, #corporations, #economics-theory-and-philosophy, #embargoes-and-sanctions, #germany, #internal-sub-only-nl, #oil-petroleum-and-gasoline, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states

The Great Resignation is Coming to an End, Statistics Show

The past few months of data have pretty much destroyed this employment narrative.

#economics-theory-and-philosophy, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #united-states-economy

‘Meatspace’? Technology Does Funny Things to Language

Our words reveal a lot about changes in society.

#economics-theory-and-philosophy, #english-language, #internal-sub-only-nl, #language-and-languages

Why Russia Is Defending the Ruble

Why has Russia gone all out to defend its currency?

#banking-and-financial-institutions, #economics-theory-and-philosophy, #internal-sub-only-nl, #international-trade-and-world-market, #ruble-currency, #russia, #russian-invasion-of-ukraine-2022, #stocks-and-bonds

How Rising Prices Are Affecting America’s Boom

The Fed, fiscal policy and food prices are putting the brakes on America’s boom.

#american-rescue-plan-2021, #economics-theory-and-philosophy, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #prices-fares-fees-and-rates, #united-states-economy

This Economist Really Loves Free Markets

Clifford Winston is a big fan of deregulation.

#economics-theory-and-philosophy, #internal-sub-only-nl, #regulation-and-deregulation-of-industry

Why the Burst Shale Bubble Is Now Helping Putin

The aftermath of the fracking bubble is helping Putin.

#alternative-and-renewable-energy, #economics-theory-and-philosophy, #internal-sub-only-nl, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #putin-vladimir-v, #russia, #ukraine

Odessa’s Role in the Historic Rise of Ukraine

How history cut off the rise of a great city.

#agriculture-and-farming, #economics-theory-and-philosophy, #internal-sub-only-nl, #international-trade-and-world-market, #odessa-ukraine, #putin-vladimir-v, #russian-invasion-of-ukraine-2022, #war-and-armed-conflicts

German Gas Prices’ Fate With Russia’s War in Ukraine

When a small import threatens to become a big problem.

#economic-conditions-and-trends, #economics-theory-and-philosophy, #embargoes-and-sanctions, #internal-sub-only-nl, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #politics-and-government, #prices-fares-fees-and-rates, #putin-vladimir-v, #rationing-and-allocation-of-resources, #russian-invasion-of-ukraine-2022

Russian Invasion of Ukraine Needn’t Change Stock and Bond Investing

Our columnist spoke with a Nobel laureate, Richard H. Thaler, about how to invest for the long run even if the world seems to be going nuts now.

#asset-allocation-personal-finances, #content-type-service, #economics-theory-and-philosophy, #russian-invasion-of-ukraine-2022, #standardpoors-500-stock-index, #stocks-and-bonds, #thaler-richard-h

How Putin’s War In Ukraine Might Affect the World Economy

Will it be as bad as many people seem to think?

#economic-conditions-and-trends, #economics-theory-and-philosophy, #embargoes-and-sanctions, #internal-sub-only-nl, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #putin-vladimir-v, #russian-invasion-of-ukraine-2022, #united-states-economy, #war-and-armed-conflicts

Employer Practices Limit Workers’ Choices and Wages, U.S. Study Argues

A Biden administration report says collusion and other constraints on competition hold down pay and prospects in the labor market.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #economics-theory-and-philosophy, #labor-and-jobs, #mergers-acquisitions-and-divestitures, #minimum-wage, #research, #treasury-department, #united-states-economy, #wages-and-salaries