Reading the Elephant Chart

One chart explains globalization's winners, losers and the politics they produced.

America Spends, China Builds

C+I+G+NX explains why American consumption and Chinese investment look so lopsided.

Lucas Critique

Policy changes can break past statistical patterns

Winter Reading Economist Insights

Covid-19, Chinese retail, 5G auctions, infrastructure spending and cheap money shaped early 2021.

Reading US Foreign Aid

Charts of American aid show real generosity undermined by yo-yo consistency.

Whose Strategy Is Healthcare?

US healthcare is sub-optimization at scale, and strategy depends on whose seat you take.

Why Tech Giants Hire Economists

Major technology companies hire economists in large numbers to run pricing experiments at scale.

Money Lessons From Middle Schoolers

Scarcity, opportunity cost and budgeting basics that Americans and government both need.

The Scale of US Military Spending

US military spending has long exceeded the next several countries combined.