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Real-World Economics Review Blog

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Real-World Economics Review Blog: Real-World Economics Review Blog | Posts are by authors of papers published in the RWER. Anyone may comment.

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From war on Iran to the war on Crypto: the secret weapon is a Digital Currency
from Dean Baker Since it seems for the moment that Netanyahu and Donald Trump have stepped back from their bombing entertainment in Iran and Lebanon, it might be a good time to turn to the war on crypto. Everyone knows crypto, that giant cesspool masquerading as an alternative currency or a great investment opportunity. As […]

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Why the rich don’t pay taxes
from Lars Syll Beneath the civic ideal of taxation as a collective, equitable endeavour lies an entrenched hypocrisy: the architecture of modern tax codes serves not the public good but the consolidation of private wealth. The progressivity of income tax is hollowed out at the uppermost tiers, where income is largely derived from capital — […]

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Antitrust and prescription drugs: what Krugman and Khan miss
from Dean Baker I have tremendous respect for both Paul Krugman and former FTC Commissioner Lina Khan. That is why it was frustrating to see their brief discussion of pharmacy benefit managers (PBMs) in a longer interview that Krugman did with Khan. Khan noted how, in her role as FTC commissioner, she sought to crack down on […]

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Adapting education to the age of AI
from Asad Zaman Conventional university education is obsolete. The typical student earning a bachelor’s degree studies the equivalent of roughly forty textbooks over eight semesters. Today, however, any intelligent teenager with access to ChatGPT — trained on millions of books and articles — can surpass that graduate in a contest of factual knowledge. The model […]

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This is America’s darkest hour
from Paul Krugman Earlier today, Donald Trump posted on Truth Social, A whole civilization will die tonight, never to be brought back again. Not going to be a problem if we ever do get the war crimes trial that all of this deserves. A statement of motive, intent is completely clear. I don’t need to […]

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