Monday, July 18, 2016

It Was Going To Catch Up With Us Sooner Or Later

William Watson: We're starting to see the higher-risk consequences of ultra-low interest rates

What are the big messages of economics? One is cost. Everything has a cost, even when it seems not to. Another is that actions can have - and almost always do have - unintended consequences, which are often themselves costs. In terms of big ideas, I'm not sure there's much more to economics. To an economist,…