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  • Supply and Demand

    Who Creates Jobs—and Why?

    If you want to protect spending in Washington, call it “job creation.” That’s the flip side of yesterday’s quip by Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities, skewering the tendency of politicians to dress their favorite lobbies or spending policies as job generators. He’s right: … More

    Large Supply of Elementary Teachers Waiting to Be “Underpaid”

    The supply of elementary school teachers greatly exceeds the demand for them among public-school districts, according to data collected by Education Week. This fact has a number of implications for education policy, but one of them—not directly mentioned in the article—stands out: If elementary-school teachers are truly “underpaid,” as teacher … More

    Chevy Volt Lost in the Green "Field of Dreams"

    “If you build it, they will come,” an ominous voice called out to Kevin Costner’s character, Ray Kinsella, in the movie Field of Dreams. For Kinsella, the “it” was a baseball field in the middle of a farm in Iowa—and despite all the naysayers, the starry-eyed young father put his … More

    Supply and Demand, Part II: The Money Supply

    My recent post explained why President Obama’s newly proposed $447 billion spending package aimed at boosting total demand is doomed to fail. Some commenters offered a challenge to that assertion. The basis for assessing the spending package: Economic growth is determined by the supply side of the economy, beginning with … More