
Labor market dynamism is the real differentiator. I make sure to stress it in my public talks https://t.co/jO6lNyPm8W

I'm super excited for my new paper with @ATabarrok and Mark Whitmeyer: "Chaos and Misallocation under Price Controls" During the 1973-74 gasoline crisis, the U.S. had about a 9 percent national shortfall. But that was far from evenly spread out. Over...