With the Silicon Valley Bank’s (SVB) collapse, two people are smiling but most are not. One co-founder of Mentra, a start-up, was supposed to transfer to SVB the massive amount of cash his new company had just received from a…
What We Really Need to Know About Unemployment
Instead of the 14.7 percent unemployment rate, we can see the true U.S. employment picture through numbers that range from history to disruption.
What Would John Maynard Keynes Have Said About Stimulus Spending?
To the Great Depression and the Great Recession, we can now add coronavirus stimulus spending as examples of John Maynard Keynes’s philosophy.
Throwback Thursday: Remembering When Congress Controlled Tariffs
In addition to its impact on the Great Depression, Smoot-Hawley occupies a special place in tariff history because of its impact on us.
The Surprising Lessons From Economic Crises
For all economic crises, some economists tell us, “This time it’s different,” while others disagree with their new solutions.
How We Primed the Pump
When President Trump refers to priming the pump, we can think of the Great Depression, the Great Recession and deficit spending that can fuel the economy.
When Not to Build a Super Tall Skyscraper
From the Chrysler Building in NYC to Taipei 101 in Taiwan, the timing of super tall skyscraper construction provides clues about business cycles.
The Reason the Price of Gasoline Has That 9/10
If you asked me how much I pay for gas, I would say $3.49 a gallon. Actually, though, the sign says $3.499. And that means, because the gas station rounds up, I am paying $3.50. Doesn’t $3.50 sounds like a lot…