Reposted by Zarko Kalamov
“Let me make what appears to have become a radical argument: Simple economics is surprisingly good at making real-world predictions.”
trying to break the mold with a defense of economics
www.wsj.com/opinion/you-...
trying to break the mold with a defense of economics
www.wsj.com/opinion/you-...
Opinion | You Can’t Break the Laws of Economics
Supply and demand invariably overcome any effort to defy or outsmart them.
www.wsj.com
August 19, 2025 at 1:50 AM
“Let me make what appears to have become a radical argument: Simple economics is surprisingly good at making real-world predictions.”
trying to break the mold with a defense of economics
www.wsj.com/opinion/you-...
trying to break the mold with a defense of economics
www.wsj.com/opinion/you-...
Reposted by Zarko Kalamov
The President said of the U.S. economy: "We are a department store, and we set the price. I meet with the companies, and then I set a fair price, what I consider to be a fair price, and they can pay it, or they don't have to pay it."
And then... I lost it.
And then... I lost it.
April 26, 2025 at 12:48 PM
The President said of the U.S. economy: "We are a department store, and we set the price. I meet with the companies, and then I set a fair price, what I consider to be a fair price, and they can pay it, or they don't have to pay it."
And then... I lost it.
And then... I lost it.
Note that it's output, not production Honda weighs on shifting. Most likely they will produce 99% of the car in their facilities in Canada and Mexico and import them as "car parts" to be "assembled" in the US.
HONDA WEIGHS SHIFTING MEXICO, CANADA OUTPUT TO US: NIKKEI
April 15, 2025 at 9:41 AM
Note that it's output, not production Honda weighs on shifting. Most likely they will produce 99% of the car in their facilities in Canada and Mexico and import them as "car parts" to be "assembled" in the US.
If Trump doesn't like the policies of Ivy League universities, maybe he should found his own university... oh wait, never mind
I have complained about both of my alma maters frequently so I want to share praise where praise is due.
I'm proud of Harvard for finding their backbone. It's a big deal because everyone else looks to them. And godspeed to them in fighting this shakedown bullshit from the Trump administration.
I'm proud of Harvard for finding their backbone. It's a big deal because everyone else looks to them. And godspeed to them in fighting this shakedown bullshit from the Trump administration.
Trump Administration Will Freeze $2 Billion After Harvard Refuses Demands
Federal officials said they would freeze the money after Harvard said it would not submit to requests to overhaul hiring and report international students who break rules.
www.nytimes.com
April 15, 2025 at 9:32 AM
If Trump doesn't like the policies of Ivy League universities, maybe he should found his own university... oh wait, never mind
EU's response (in addition to higher tariffs) should be much higher digital taxes on big tech firms. It's digital products that EU imports the most from the US and taxing them more would be also most effective.
Trump calls for Europe to pay reparations to the US: "We put a big tariff on Europe. They are coming to the table. They want to talk, but there's no talk unless they pay us a lot of money on a yearly basis number one for president but also for past."
April 7, 2025 at 7:05 AM
EU's response (in addition to higher tariffs) should be much higher digital taxes on big tech firms. It's digital products that EU imports the most from the US and taxing them more would be also most effective.
Paul Samuelson on the theory of comparative advantage
April 4, 2025 at 2:55 PM
Paul Samuelson on the theory of comparative advantage
Why don't credit rating agencies declare that the US federal government is in default, is beyond me
NEW: When the Trump Admin abruptly cancelled almost all USAID programs, it also refused to pay $2bln the U.S. govt owes **for work that’s been done.**
One of the cut-off programs in Syria couldn’t afford security and was robbed by masked men.
www.propublica.org/article/trum...
One of the cut-off programs in Syria couldn’t afford security and was robbed by masked men.
www.propublica.org/article/trum...
March 2, 2025 at 12:44 PM
Why don't credit rating agencies declare that the US federal government is in default, is beyond me