In the wake of the pandemic, Americans are rediscovering the importance of the economy’s supply side. But this won’t be a rerun of the 1980 — we’re learning that there’s a lot more to bolstering supply than tax cuts and deregulation. Economists, as most people know, tend to think of the world in terms of supply and demand. The Great ...

Consumer prices paid by city dwellers in the US rose more than 7% last month and more than 9% in April on an annualised basis. If this keeps up the rest of the year, it will be the highest inflation rate the US has experienced since the 1980s. But fear not, say some investors and the Federal Reserve, the bond ...

Energy policy is often judged by three criteria: cost, reliability and effect on carbon emissions. That makes good sense. The energy sector is remarkably politicised. The current infrastructure could probably not be built under the regulatory regime, which may also hinder the development of tomorrow’s green-energy infrastructure. It is not easy to put wind turbines next to the homes of ...