Noah Smith
Zoning promotes the wrong kind of wealth transfer
Since the huge crime drop that began in the 1990s, cities have become a more attractive place for young and high-income people to live....
Low-skilled immigrants aren’t a drag on U.S. economy
The immigration issue is fraught at the best of times, but especially so right now, with the rhetoric emanating from Donald Trump’s presidential campaign....
Minimum wage boost path to prosperity?
Can minimum wages improve productivity and innovation over the long run?
Usually, it's detractors of the minimum wage who talk about the long term....
Decline of the working class
One big piece of news in the past couple of weeks has been the release of a new paper by recent economics Nobel winner...
Future robots won’t own you. You’ll own the robot
The robots are not taking our jobs. Yet.
There are few if any signs of this occurring. If robots were replacing us, we’d see...
The decline and fall of America’s working class
One big piece of news in the past couple of weeks has been the release of a new paper by recent economics Nobel winner...
Worried that the tech bubble will burst? Keep calm
I’m seeing lots of news reports about the end of the new Silicon Valley tech “bubble.” I put that word in quotes because the...
Get used to it. Low interest rates are here to stay.
Why are interest rates so low? For macroeconomists, this is one of the Big Questions in the world today.
Government bond rates are at...
Free trade is no longer a no-brainer for economists
It’s an old truism that economists can never agree on anything. But if you ask economists about this embarrassing fact, they will often point...
You don’t have to be crazy to start a business
Are entrepreneurs crazy? The question has certainly been asked. The costs of the startup life can seem insanely high. You give up your salary...
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