Retail sales rose 0.7% in September, much stronger than estimate
Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a weakening economy. Retail sales rose 0.7% on the month, well above the 0.3% Dow Jones estimate, according to the advance report the Commerce Department released Tuesday. Gas station sales helped propel the headline number, rising […]
Critical Race Theory in Data: What the Statistics Show
The concept of Critical Race Theory (CRT) has sparked heated debate in recent years, particularly after conservative activists singled out this school of thought as a hotbed of applied Marxism in both higher and K-12 education. The response from CRT’s defenders has been peculiar, to put it mildly. Just over a decade ago, leading CRT […]
Legalizing Weed Changes Who Bears Costs and Gets Benefits
We analyze the effects of legalizing recreational marijuana on state economic and so- cial outcomes (2000–20) using difference-in-differences estimation robust to staggered timing and heterogeneity of treatment. We find moderate economic gains and [sic] accompanied by some social costs. Post-legalization, average state income grew by 3 percent, house prices by 6 percent, and population by […]
