No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
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People should respond to real experiences more than to the labels attached to those experiences – that’s the concept of the rational agent. In practice, however, labels do matter… a lot.
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The Impact Of COVID-19 On Los Angeles’ Entertainment Industry The onset of the COVID-19 pandemic was a generational challenge to the global entertainment industry, one that led to the delay or cancellation of up to 60% of scripted titles and to an 80% drop-in box-office revenue. blog, General Economy May 3, 2021 Author: Patrick Adler Patrick Adler All Articles “This analysis was originally published as part of the LA2021 Future...
Miserabilism and Money: Why More Stimulus Is A Bad Idea (part 2) Relevant, hype-free insights about what’s happening in the global, U.S., and California economies . Budgets & Deficits, Economic Policy February 24, 2021 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles Part 1 of this post (published last week) argued that the strong economic recovery the United States experienced in 2020 signifies that there is little real...
Miserabilism and Money: Why More Stimulus Is A Bad Idea (part 1) Relevant, hype-free insights about what’s happening in the global, U.S., and California economies. Budgets & Deficits, Economic Policy February 18, 2021 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles Last year’s COVID-19 stimulus and relief packages enacted by the Federal government played some positive role in helping the U.S. economy weather the pandemic-driven recession that has...