"Trump Seeks 20% Tax on Mexico Imports" is the headline in the New York Times. President Trump claims this is how Mexico will pay for a border wall. It is economic nonsense; a 20 percent tariff is a way to get Americans to pay for the wall without directly taxing them for it. If the tax applies to all imported goods and services, this will affect everything from auto parts to fresh vegetables. … [Read more...]
Today is Martin Luther King, Jr., Day, a time to celebrate not only Dr. King’s life but the broader Civil Rights movement of which he was a leader. The Birmingham Bus Boycott, the Freedom Riders, the March on Washington, the Civil Rights Act of 1964, Bloody Sunday at the Edmund Pettis Bridge, and the Voting Rights Act of 1965, are just a few of the milestones we recognize and commemorate. Back … [Read more...]
It’s the look. You’re walking through the crowds at the American Economic Association meetings. When you pass someone they look at your bellybutton. Huh? Oh, right: That’s where your official nametag hangs on your official lanyard, and the person you went by is checking to see if you are someone. You catch the disappointment in their eyes when they read your tag. I want to stop and tell them, … [Read more...]