Price Ceilings of $0

In my previous two columns I reviewed the basic economics of price ceilings and price floors. In this column, the third in

The Corrective Contraction

Advanced estimates suggest real output declined for a second straight quarter in 2022, prompting many to debate whether we are in a

Call It What You Will

The Biden Administration is turning to historical precedent in its recent attempt to redefine the meaning of the term “recession.” Unfortunately, that

A Way Out

Politicians avoid talking about Social Security because they see no way to fix it without imposing a significant cost on workers, retirees,