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Economics Reality Check

Dave Hebert

Cutting 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.

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Substack
PricingOnly free issuesPublishesTwice weekly
Issues161Founded2 years agoLast Issue5 days ago
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Latest Issues

A Hundred Trillion Dollars... and Nothing to Buy

Imagine you finish a long shift, collect your paycheck, and the number on it reads one billion dollars. You are, on paper, a billionaire. Then you board a bus to town to buy groceries, you stand in line at the supermarket, and by the time y...

5 days ago

Inflation: Why 4% Inflation Feels Different

What would happen if you woke up this morning and saw that every price had doubled while you slept? Your groceries, your gas, your rent, the cost of a haircut, all of it, twice what it was yesterday. Everything has doubled except one number...

7 days ago
3

What a Nobel Prize Taught Us About Sitting on the Couch

Imagine you’ve just been laid off. The severance is thin, the mortgage is not, and the want ads are a wasteland. Then a check arrives from the government, enough to cover the basics while you look for work. A genuine relief. Now imagine tha...

12 days ago
2

Biggest Tax Increase on the American People

Here’s a Letter to the Editor that I sent the WSJ two weeks ago:

The editorial board writes powerfully about the open-ended nature of exemptions to the newly-proposed Section 301 tariffs (“Trump’s Latest Big Tax Increase,” Review & Outlo...

13 days ago
6

Unemployment Rates - What They Are and What They Mean

Imagine you’re watching the evening news and the anchor announces, with the gravity normally reserved for moon landings, that the unemployment rate just ticked down. Cue the applause. Cue the politician taking a victory lap. Cue your uncle...

14 days ago
4
1

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  • Dave Hebert

    Director of Economics and Economic Freedom, American Institute for Economic Research. Affiliated scholar with the Mackinac Center and Acton Institute. Recovering academic. Views my own.

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