Mankiw: Nothing Funky Going On at the Rental Counter

Michael Giberson At Greg Mankiw’s blog he cites a Wall Street Journal article claiming some “funky economics” are happening at the car rental counter, as renters increasingly are choosing smaller, more fuel-efficient cars in the face of higher gasoline prices. As Mankiw points out, there’s nothing funky going on, Gas and Guzzlers are Complements. … More Mankiw: Nothing Funky Going On at the Rental Counter

Lucky Us: The Benefits of Immigration

Michael Giberson Alex Tabarrok is circulating an open letter to the President and Members of Congress reflecting the consensus opinion of economists on the costs and overall net benefits of immigration. In conjunction with the Independent Institute, Alex is seeking as many signatures as possible from economists and other social scientists. For me, immigration has … More Lucky Us: The Benefits of ImmigrationMore Lucky Us: The Benefits of Immigration