Fast grants and the economics of subsidizing science

One of the great insights of modern growth theory -- Paul Romer's Nobel Prize -- is that ideas are the foundation of economic growth. Id...

Are You Taking Advantage of the Payment Table?

The payment table in Dentrix is a great tool for you to use to track what insurance companies actually pay for procedures. You can open the ...

Even Finance Professors Lean Left

You may have thought of finance professors at business schools as likely to be a fairly conservative lot, or at least to include a good numb...

A Few Thoughts on Patient Retention

Retaining patients in your dental practice is just as important as acquiring new patients. Think about all the effort you put into acquiring...

Garicano's conversations with economists

Luis Garicano has just posted a very interesting free e-book, " Capitalism after covid: Conversations with 21 economists. " I wa...

Meritocracy

Adrian Woolridge wrote a thought-provoking essay titled "Meritocracy, Not Democracy, Is the Golden Ticket to Growth ," advertising...

Vaccine slowdown?

  Source . Everyone seems tired of covid. And sure, inflation, debts, "infrastructure," competing voting narratives and so on a...

Eurosclerosis update

  All pre-covid. European GDP per capita fell in the decade following the financial crisis. US growth was nothing to write home about, b...

Whither the Fed

I gave the UCSD economic roundtable lecture Friday June 11 on inflation and the future of the Fed. It summarizes quickly a number of theme...

The end of "the end of inflation"

This spring's spurt of inflation clearly already means one thing: The end of "the end of inflation."  For 25 years inflation...

Why won't banks take your money?

  Banks to Companies: No More Deposits, Please , says the puzzling headline at WSJ.  Why would bankers not want to take any amount of depos...

Three inflations

 The latest inflation numbers are out, up 0.64% from April to May (7.7% annualized), on top of 0.77% (9.2% annualized) from March to April. ...

Inflation options

From the lovely Minneapolis Fed website that computes probabilities from option prices.   from The Grumpy Economist https://ift.tt...

Hiring a New Team Member

Many offices all over the country are having a difficult time finding new team members. There is a high demand for qualified dental office e...

What about Japan?

What about Japan? It's a question I often hear from advocates of fiscal expansion. Japan has huge debts and no crisis or inflation (so f...