The Grumpy Economist

Percy Deift, Svetlana Jitomirskaya, and Sergiu Klainerman have a well-informed essay at Quillette on the state of math education in the US ...

My previous post on Delta policy and masks led to some discussion that went off the rails, on twitter especially. An effort to summarize th...

  The goodfellows video and podcast returns! Direct link , in case the above embed doesn't work for you.  This week's show is about ...

Scott Alexander's  Adumbrations Of Aducanumab  is a great review of FDA snafus -- with deeper lessons about regulation in general. Yes t...

 WWII started badly for the United States. Our tanks blew up. Our torpedoes were duds. Our airplanes were outclassed. Many commanders were i...

I wrote a piece for Project Syndicate, here,  on climate financial risk.  (This resulted from a presentation on a panel at the NBER summer ...

There was an error in a post with this title, so I have taken it down. Since nothing is ever fully erased on the web, this note states that ...

I was inspired to think again about climate economics from Esteban Rossi-Habnsberg's excellent presentation at the  Hoover Economic Poli...

How much does climate change* actually affect GDP? How much will currently-envisioned climate policies reduce that damage, and thereby raise...

After great events, will the US government and political system learn from mistakes? Or will we raise the bridges and enshrine whatever was ...

One of the great insights of modern growth theory -- Paul Romer's Nobel Prize -- is that ideas are the foundation of economic growth. Id...

You may have thought of finance professors at business schools as likely to be a fairly conservative lot, or at least to include a good numb...

Luis Garicano has just posted a very interesting free e-book, " Capitalism after covid: Conversations with 21 economists. " I was ...

Adrian Woolridge wrote a thought-provoking essay titled "Meritocracy, Not Democracy, Is the Golden Ticket to Growth ," advertising...

  Source . Everyone seems tired of covid. And sure, inflation, debts, "infrastructure," competing voting narratives and so on are ...

  All pre-covid. European GDP per capita fell in the decade following the financial crisis. US growth was nothing to write home about, but ...

I gave the UCSD economic roundtable lecture Friday June 11 on inflation and the future of the Fed. It summarizes quickly a number of themes...

This spring's spurt of inflation clearly already means one thing: The end of "the end of inflation."  For 25 years inflation h...

  Banks to Companies: No More Deposits, Please , says the puzzling headline at WSJ.  Why would bankers not want to take any amount of deposi...

 The latest inflation numbers are out, up 0.64% from April to May (7.7% annualized), on top of 0.77% (9.2% annualized) from March to April. ...