Today on TAP: The real source of too many price hikes is concentrated market power, not macroeconomic overheating.
macroeconomics
Posted inEconomic Policy
Time for a Victory Lap?
Those who believed inflation would be transitory were proven right, and those who demanded the sacrifice of mass unemployment proven wrong.
Posted inEconomic Policy
Ripping Off the Invisible Straitjacket
We need better economic models, but we also need Congress to free itself from the self-imposed constraints of modeling on the policymaking process.
Posted inEconomic Policy
How Model-Dependent Policymaking Ignores Race
Despite decades of policies aimed at creating new generations of homeowners, many African Americans grapple with a hostile housing sector. Where did the assumptions go wrong?
Posted inEconomic Policy
The Beltway’s Favorite Bogus Budget Model
The Penn Wharton Budget Model, bankrolled by finance moguls, is out to grow its power in Washington.
Posted inEconomic Policy
Is Economics Self-Correcting?
There are more economists doing useful real-world work. But the closer you get to the pinnacle of the profession, the less has changed.
Posted inEconomic Policy
Prisoners of Their Own Device
How Congress underwrites the models that trap American policymaking
Posted inEconomic Policy
Six Ways Existing Economic Models Are Killing the Economy
The alleged science doesn’t match up to the real world.
Posted inEconomic Policy
How Policymakers Fight a Losing Battle With Models
Reforms are needed to ensure that inaccurate budgetary math doesn’t take precedence over maximizing long-term prosperity.