Today’s links
- Economic growth: The persistence of poverty Mellisa Dell, recent winner of the John Bates Clark Award, shares her fascinating research about how decisions made over 400 years ago can affect economic outcomes today.
- Price ceilings and floors: English Bread Regulations Fresh bread is clearly better than stale bread, but you might not think to ban FRESH bread during a wheat shortage. However, it’s been tried: The English prohibited the sale of fresh bread in order to suppress demand during a bad wheat harvest around 1800, and the UK tried the same trick during WWI.
- How we lost our ability to mend (link)
- Huge Political Disconnect Over the State of the Economy. In 2008 everyone knew the economy was in bad shape. Today, views vary tremendously by party affiliation. (link)
01/07/2020