Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...

Writer Nat Dyer on how David Ricardo's abstract models pushed economics into fantasy — and we all paid the price ...

According to the latest data from the US Mint, each penny costs 3.7 cents to make, including production, administrative, ...

February 2021, Book Chapter: "I bring up this fact because we live in a time when inequality is high, when demonizing the rich is popular in some political circles, and when various policies are being ...

December 6, 2020, Opinion: "In the evolution of the U.S. economy over the past four decades, one fact stands out as especially puzzling: the large and fairly steady decline in interest rates. Consider ...

The fate of President Trump’s ambitious economic policy plans will be determined in part by the people he appoints to critical positions. With a debt of over $36 trillion (heading toward $59 ...

“[The $36 trillion national debt] is a significant burden for future economic growth, a significant burden for the well-being of our children and grandchildren, because it’s a big, big sword ...

I keep thinking about the opening of E.L. Doctorow’s 1975 novel, “Ragtime,” in which he describes the convivial America of the early 20th century. “The population customarily gathered in ...