Economics Reality Check
Dave HebertCutting through the economic myths, political spin, and policy nonsense with clear-eyed analysis of trade, taxes, and fiscal reality from an economist who's seen it all from Congress to the classroom.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 145 | Founded | 2 years ago | Last Issue | 4 days ago |
| Active | |||||
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davehebertecon.substack.comLatest Issues
There Are No Supply Chains
Earlier this week, I posted the first “lecture” of this series, explaining Economics as “The Mystery of the Mundane.” The idea here is simple, but profound: for any thing that you can point to, there are innumerable people who must have wor...
Economics as "The Mystery of the Mundane"
Paul Heyne once described economics as “the mystery of the mundane.” While a clever alliteration, I want to spend a minute here and unpack this sentence. The word “mundane” here means “boring, obvious, or otherwise undeserving of study.” Bu...
US - China Trade Negotiations
Here’s a Letter to the Editor I sent to The Economist:
Dear Editor,
Your survey of the Trump-Xi summit correctly points out that it will probably yield little beyond forced smiles (“The G2 Holds the World Ransom“, May 7, 2026). The...
US Debt, GDP, and Revenues
I’m sympathetic to the idea of comparing federal debt to GDP, and several people, including my AIER colleague Julia Cartwright, have done excellent work on this front. However, I also find it to be a completely meaningless benchmark and one...
Inflation, Beef Prices, and Gas Tax Suspension
I’m going on NewsMax+ to talk with Rick Leventhal at 7:15 PM tonight. It’s a wide-ranging set of topics, but it should be a fun discussion. Here are my talking points:
Inflation hits 3.8% in YoY
- Here’s the link to the BLS report:...
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Authors
The writers behind this newsletter.
Senior Research Fellow, American Institute for Economic Research. Affiliated scholar with the Mackinac Center and Acton Institute. Views my own.
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