Profile cover photo
Profile photo
Michael Smitka
58 followers -
Professor of Economics at Washington & Lee University in Lexington Virginia
Professor of Economics at Washington & Lee University in Lexington Virginia

58 followers
About
Michael's posts

Post has attachment
Car companies are flush with cash, and not spending it wisely. That's a robust indicator that we're at the peak of the automotive cycle.

Post has attachment
Peak Auto: Frivolous Investments Rise
Mike Smitka, Prof of Economics Washington and Lee University Co-author The Global Auto Industry: Innovation and Dynamics , 2017. The auto industry is at peak. The best indicator lies not in the sales numbers, but in the behavior of the OEMs. Flush with cash...

Post has attachment
The producers sent me an advance copy if I'd review it. I did watch it, so here's the review of a documentary about the classic Beetle, through the eyes of enthusiasts.

Post has attachment
Review: The Bug Movie
Mike Smitka The Bug Movie, Produced and Directed by Damon Ristau, Co-Produced by Jason Willenbrock and Tory Alonzo. Chassy Media, November 2016. $14.99 Downloand/DVD, $17.99 BluRay. Available at https://www.chassymedia.com/product/the-bug/ . Publisher's Des...

Post has attachment
Bad news today: there's no hint growth will improve

Post has attachment
Productivity and US Growth
In the long run, productivity growth is (almost) all that matters. The contribution of additional capital per worker is modest, because the US already is capital rich. It's that diminishing returns thing. We're also highly educated, so there's little room f...

Post has attachment
My institution W&L appears high in the rankings

Post has attachment
Elitist School
Some schools have lots of students from the elite. Mine (no surprise to those here) is one of them, as highlighted in a NYTimes "The Upshot" article . In contrast W&L does a poor job in recruiting students whose families are not well off. We do have a pool ...

Post has attachment
No room for a boom, on top of the general issue of the efficacy of tax cuts.

Post has attachment
The Facile Logic of Tax Cuts
We frequently see claims that a lower tax rate – particularly of corporate or personal income taxes – will work miracles. That is seldom the case. First, the stated tax rates are not the realized tax rates. While on paper someone with $500,000 in income is ...
Wait while more posts are being loaded