Of Value Chains and Inflation
What do central banks have to do with value chains? Traditionally, not much. I think […]
Fifty Years After Car-Free Sundays
Some events from your youth stick with you. For me, one such memorable event occurred […]
Sustainability and Trade
The cost of mitigating climate change is hard to put a finger on. That’s one […]
Inflation Again
It used to be that inflation was just part of life: the 11% increase in […]
On Paul Volcker
A dozen years after anyone in the United States last got worked up about inflation, […]
In Search of Economic Narratives
A few years ago, I joined an organization of economic historians. Having written several books […]
Some Wisdom from Henry Kaufman
Sometimes, when you write history, you can end up feeling old. I had that feeling […]
Dirty Laundry and High Productivity
Not too long ago, on a visit to Copenhagen, I took several shirts to a […]
A Museum Worth 100 Marcs
Economists are forever complaining about the public’s ignorance of economics. You can’t really blame the […]
Waiting for the Tooth Fairy
Four prominent economists at the Hoover Institution have published a new paper claiming that President Trump’s […]