
The microeconomic perspective on daily events.
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The Wall Street Journal recently published an optimistic and really good piece about the role that WFH is already playing in helping people to balance career and family. In this Substack, I sketch out some urban economics and family economi...
I continue to edit my paper. You can download it here. I asked Grok to read it and then to pose 12 questions for me to answer below.
In early May 2026, The Hoover Institution organized a great Markets versus Mandates Conference. In the afternoon, I participated in a lively panel with Terry Anderson and Steven Koonin. You can watch the Video here. I fed our panel’s trans...
In May 2026, the Mamdani Administration released its NYC housing plan. It included this letter from the Mayor. What is your solution to the issue of high home prices in NYC?
Economists have measured the misallocation induced by such rent...
Dora and I recently drove from Los Angeles to Carpinteria and on our drive we listened to the new Goodfellows Episode. After a discussion focused on Niall Ferguson’s fashion tips, the conversation pivoted to climate change policy.
Here is...
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The writers behind this newsletter.
Provost Professor of Economics at the University of Southern California. Visiting Fellow at the Hoover Institution.
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