Aversion to inflation has been the salient feature of economic thinking of our times. Keynes aside, the traumas of hyperinflation in interwar Germany and… Read More »Inflation phobia: Is the cure worse than the disease?
Uber has certainly disrupted the taxi industry. The question is for how long, wonders Bloomberg News columnist Megan McArdle. For one thing, its drivers… Read More »Perhaps Uber is not that revolutionary, after all
“Poverty” is one of those words we would rather not use. It makes us uncomfortable to call any person, group or neighborhood “poor.” Yet as… Read More »Why poverty is so expensive and why we don’t see it