What do the following three dates have in common with each other? 1975. January 1, 1994. December 11, 2001. Think…

As noted in my previous column, foreign holdings of US dollars are classified as foreign holdings of US assets and,…

Donald Trump believes that US trade deficits are evidence that Americans are being “ripped off” by foreign countries. He’s not…

Economics textbooks feature a coherent theory of how markets can allocate scarce resources in ways that achieve what is plausibly…

Consider the fictional little country of Dynamia. Although, strictly speaking, this place is a product of my imagination, my imagination…

A familiar excuse for protective tariffs and other trade restrictions goes like this: It would be all well and good…

Early on in my introductory economics course I warn my students always to beware of various logical fallacies, none of…

"Individuals who we don’t know and who don’t know us seek to gain our trust so that they can then…

"Every now and then we encounter a problem that does have a solution. The kidney shortage is one of these…

"Inflation does not rise because of a surge in greed. And it does not fall because greed recedes." ~Donald J.…