Free exchange

Crash courseHow to interpret a market plunge

Whether a sudden sharp decline in asset prices amounts to a meaningless blip or something more depends on mass psychology

Dynamic do-overRepublicans grouse about tax models they once supported

When the experts say tax reform will not pay for itself, the party ignores the experts

Job-stealing robotsWhy scan-reading artificial intelligence is bad news for radiologists

Good news for patients is bad news for medical professionals

The Nobel prize in economic sciencesRichard Thaler’s work demonstrates why economics is hard

It is difficult to model the behaviour of creatures as irrepressibly social as humans

The 2017 Nobel prizesThe Nobel in economics rewards a pioneer of “nudges”

Richard Thaler becomes one of very few behavioural economists to receive the discipline’s highest honour

Not so novelBitcoin is fiat money, too

What Charles Kindleberger has to say about cryptocurrencies

Unwinding QEThe case against shrinking the Fed’s balance-sheet

The Fed has announced it will shed assets, but not how many

America’s labour marketIs there a wage growth puzzle in America?

Weak wage growth suggests the economy is not at full employment

Budgetary crystal ballsThe hubris of ten-year budgets

No policymaker can accurately predict the future

Money talksPodcast: Goodbye, Benito

Money talksPodcast: Vorsprung durch Angst

Money talksPodcast: The Italian bailout job

Money TalksPodcast: A poison chalice for GE’s new boss

Immigration economicsA new paper rekindles a tiresome debate on immigration and wages

But commentators on both sides seem to miss the point

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