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TAG: economy

Legislators messed up PODA. They need to fix it

The thing about legalese — that strange, mysterious language of laws and binding contracts — is that all it takes is one misplaced punctuation mark, one misspelled word or one accidental phrase substitution to completely change the document’s meaning. Such was the case with HB 5295, ...

Why is Haiti’s economy so much worse than its neighbor’s?

by Tyler Cowen As Haiti continues its descent into chaos, the Dominican Republic continues to prosper. The two countries share the island of Hispaniola and a lot of history, and yet the Dominican Republic now stands as one of the wealthiest nations in Latin America. An obvious ...

The housing shortage is the economy’s real problem

by Ben Harris Recently released government data hammered home what we have known for at least a year: A national housing shortage, not broad-based price increases, is driving inflation. Inflation over the past year was 3.1% — far less than in 2021 but still high enough for the ...

The economy depends on immigrants

by Steven Roberts “The Economy Is Roaring. Immigration Is a Key Reason,” reads a headline in the Washington Post. But Gallup reports, “Immigration Surges to Top of Most Important Problem List.” American politics are caught in a profound contradiction. Inflamed by Donald ...

This economy is hard to read

by Conor Sen Slower inflation was supposed to be a sign that the economy was cooling, all part of the Federal Reserve’s plan for higher interest rates to restore balance to the economy. For a while, things looked on track. But since the middle of January there’s an argument that ...