I know it’s not Thursday. I had plans yesterday (and no, I don’t usually plan ahead enough to schedule things). Anyway, merry Christmas! Welcome to a Friday Economic Forces.

One of the good problems of growing as a newsletter is that recent subscribers miss our old stuff. About 7,000 of you are too new to have received Josh’s February post on “What’s going on with these tariffs?,” the earliest piece on the list, which was about pre-liberation day tariffs. While we sometimes rerun pieces, the end of the year gives us an excuse to point you toward some highlights you might have missed.

Brian’s Most Popular Newsletters

Here are my (Brian's) most popular posts of 2025.

This was a fun one to write because I got to push back on a claim that sounds historical but isn't really about history. It was from April 7th. That seems like a lifetime ago in tariff land but it wasn’t even the earliest tariff piece on this list… My sweet summer child.

People always love hearing about the Nobel winners. This year I liked writing about them :)

The number one lesson in price theory.

This was back when people were mad and trying to do smoke and mirrors with the bad Q1 data. I wonder what they think after the initial Q3 data.

You never know what posts will be popular…

Josh’s Most Popular Newsletters

Here are Josh's most popular posts:

This post picked up new steam this week even and is truly evergreen, core Economic Forces content.

People who teach economics forget how much we have internalized. Introductory economics should focus on a few very simple and important things.

The first round of tariffs. Pre-Liberation day.

Peter Howitt’s Nobel Prize this year was for just one part of his immense body of work.

The most Hendricksonian post of the year. And I think you could write basically the opposite post from a Hendricksonian perspective as well.

What was your favorite post of the year?