What Are Economists Good For?
On the menu today: a defense of macroeconomics, inflation expectations rising, tech-stock tumbling, and a look at Paul Romer’s paper on technological progress.
Retail Spending Grows 5.3 Percent, Clobbering Expectations
On the menu today: Retail spending surges, Texas freeze worsens chip shortage, Citigroup loses debt dispute, and the two sides of the output-gap debate.
A New Counterweight to Stakeholder Capitalism
Launching today, 2ndVote Funds will provide investment products, such as ETFs and actively managed funds, that use a conservative or libertarian framework to allocate capital.
Miami Mayor Francis Suarez to Buy Bitcoin
On the menu today: my interview with Mayor Suarez, Bitcoin as a hedge, TikTok sale goes awry, and a look at Central Bank Digital Currencies.
The Subtle Wisdom of Tesla’s Bitcoin Purchases
On the menu today: Tesla bets on Bitcoin, Reddit sees its valuation double, Chinese hedge funds beat foreign competitors, and the technology industry’s increasing returns to scale.
Robinhood’s Lesson in Risk Management
On the menu today: Robinhood’s arbitrage shop, its potential IPO, the end of Bezos’s tenure as Amazon CEO, and a 1920 short squeeze.
Why Robinhood Halted GameStop Trading
Reddit rallied around the brick-and-mortar retailer, but Robinhood wanted out.
GameStop’s Reddit Rally
On the menu today: GameStop’s rally, Andreessen Horowitz’s new media venture, Biden’s renminbi policy, and how Reddit rallies around stocks.
Biden’s Economic Policy Puzzle
On the menu today: Yellen's first Senate hearing, Biden's inauguration, Europe's small-loan buildup, and a look back at the Plaza Accord.
Biden’s Stimulus Bill for Last Year’s Economy
On the menu today: Biden’s economic plan, Yellen’s debt dilemma, and deficits in a zero-interest-rate world.