Economic misconceptions persist due to misguided intuitions that overlook complex factors, a preference for principles over outcomes, the influence of epistemic bubbles, and political tribalism. Despite frequent refutation flawed ideas endure, requiring constant vigilance from economists.
Understanding Trade Balances and What to Do About Them
Part 1: What is a Trade Balance? The balance of trade, often described under the heading of a “trade deficit” or a “trade surplus,” is the difference between the dollar […]
Trump’s Subsidized IVF Spells Disaster
“Trump’s plan is a disaster from the perspective of cost, incentives, and value neutrality.” ~Vanessa Brown Calder