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California Compendium

Featured

Posted on November 25, 2019 by Tony Lima

This is a compedium of what I’ve written about California over the years. Continue Reading →

Posted in California Economy | Tagged California, compendium, featured

Are IRS Audits Really That Bad?

Posted on August 8, 2022 by Tony Lima — Leave a reply

Are IRS audits really that bad? There will soon be 87,000 new IRS agents.  With 674 billionaires in the U.S., that’s not who will be audited. Continue Reading →

Posted in Economist "humor", tax policy | Tagged 87000, audit, featured, IRS | Leave a reply
NAEP 8th grade science 2015 The State of U.S. Education in 2019: Comparing the States

The State of U.S. Education in 2019: Comparing the States

Posted on August 8, 2022 by Tony Lima — Leave a reply

The state of U.S. education: test scores from the NAEP, spending from the Census Bureau, and a measure of state price levels from the BEA. Continue Reading →

Posted in Economic Data, Education issues | Tagged education, featured, NAEP, state comparisons, TIMSS | Leave a reply
Tax Foundation photo The Tax Foundation Dissects the Inflation Reduction Act of 2022

The Tax Foundation Dissects the Inflation Reduction Act of 2022

Posted on July 29, 2022 by Tony Lima — Leave a reply

Bad advice is coming from economists who perennially favor of tax increases. Nobody knows whether tax increases reduce inflation. Continue Reading →

Posted in Economic policy, tax policy | Tagged featured, inflation, inflation reduction act of 2022, tax foundation | Leave a reply
Business Cycles Dating Committee Members Does a Recession Really Have To Have 2 Consecutive Quarters of Negative GDP Growth

Does a Recession Really Have To Have 2 Consecutive Quarters of Negative GDP Growth?

Posted on July 26, 2022 by Tony Lima — Leave a reply

Does a recession really have to have 2 consecutive quarters of negative GDP growth? No. The Business Cycles Dating Committee makes this call. Continue Reading →

Posted in Current issues, Economic Data | Tagged business cycles dating committee, featured, Michael R Strain, NBER, recession | Leave a reply
California 2021 and 2022 CNBC Chasing Headlines and Clicks

CNBC Chasing Headlines and Clicks

Posted on July 19, 2022 by Tony Lima

Since 2007 CNBC has published their ranking of states for doing business. Stay tuned for a tale of CNBC chasing headlines and clicks. Continue Reading →

Posted in California Economy, Media Stupidity | Tagged bad analysis, cnbc, fake results, featured
Four Principles of Sound Tax Policy

Four Principles of Sound Tax Policy

Posted on July 18, 2022 by Tony Lima

I recently got a copy of the Tax Foundation’s 2021 annual report.  Inside the front cover were their four principles of sound tax policy. Continue Reading →

Posted in tax policy | Tagged featured, principles, tax foundaton, tax policy

Replacing the Drum Units in the Ricoh SP C360SFNw Multifunction Printer

Posted on July 15, 2022 by Tony Lima

Replacing the drum units in the Ricoh SP C360SFNw multifunction printer takes patience.  This video shows you many time-saving tricks.  Continue Reading →

Posted in Product Reviews | Tagged drum units, featured, maintenance, multifunction, printer, Ricoh, Ricoh SP C360SFNw, Ricoh SP C360SFNw Drum replacement, Ricoh SP C360SFNw toner replacement

Things Used as Bribes in New York to Get a CCW Before NYSRPA v Bruen

Posted on July 4, 2022 by Tony Lima

You are allowed to bear arms as well as owning them. Here are the things used as bribes in New York to get a CCW before NYSRPA v Bruen. Continue Reading →

Posted in Current issues, Politics | Tagged 2A, featured, NYSRPA v Bruen, second amendment
Turley and Severino on West Virginia v EPA Article 1 section 1 image

Turley and Severino on West Virginia v EPA

Posted on July 1, 2022 by Tony Lima

In West Virginia v EPA the majority ruled Congress should stop letting bureaucrats make major decisions. Instead, obey Article 1 Section 1 Continue Reading →

Posted in Current issues, Economic policy | Tagged EPA, featured, greenhouse gases, major questions doctrine, Severino, Turley, West Virginia

Money, Velocity, Levels, and Changes

Posted on June 30, 2022 by Tony Lima

Why did velocity decrease during the pandemic? What was the impact on monetary policy? How is the growth rate of M2 related to its level? Continue Reading →

Posted in Current issues, Economic basics | Tagged change, covid, featured, level, money, velocity

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Our Favorite Economist Tony Lima

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Economist Thoughts

TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his customers. — Ambrose Bierce

“Everybody knows that once something is declared a right, the laws of supply and demand are automatically repealed.” – Ben Shapiro, podcast, September 4, 2018

Why I will not use government data from now on

Last Tweets

  • RT @daniela_witten: It’s been a long day, and there are too many people to thank. So I’ll just say: I’m immensely grateful to the sta… https://t.co/zTndKVEn2b, 22 hours ago
  • RT @sdwinkler: These are weasel words and mean the actual number of below-$400k audits will increase. A lot. They've given themsel… https://t.co/Ur7xDiUrYZ, 22 hours ago
  • RT @caseybmulligan: In economic terms, expanded ACA eligibility reduces the market-level premium elasticity of insurance demand. In ma… https://t.co/50sStleETo, 22 hours ago
  • RT @dougboneparth: If you’re wondering why people confuse year over year changes with month over month changes, it’s because they are stupid., 22 hours ago
  • RT @spomboy: The PPI (at 9.8% yy) is still running 1.3pp ahead of CPI. this marks the 18th straight month that input cost infla… https://t.co/sHYrE1ubsp, 22 hours ago

Websites I Like and Use

  • Board of Governors of the Federal Reserve System
  • Federal Deposit Insurance Corporation
  • Federal Reserve Bank of Boston
  • Federal Reserve Bank of Minneapolis
  • Federal Reserve Bank of St. Louis
  • Political Calculations
  • California Pension Tracker
  • Dan Mitchell's Analysis of Tax Issues

My Other Blogs

  • My musings about technology and strategy
  • California Wine Fan
  • Virginia Wine Fan
  • Oregon Wine Fan

GonzoEcon History

Recent Posts

  • Are IRS Audits Really That Bad?
  • The State of U.S. Education in 2019: Comparing the States
  • The Tax Foundation Dissects the Inflation Reduction Act of 2022
  • Does a Recession Really Have To Have 2 Consecutive Quarters of Negative GDP Growth?
  • CNBC Chasing Headlines and Clicks

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RSS RSS

  • Are IRS Audits Really That Bad? August 9, 2022
    Are IRS audits really that bad? There will soon be 87,000 new IRS agents.  With 674 billionaires in the U.S., that's not who will be audited. Continue Reading →
    Tony Lima
  • The State of U.S. Education in 2019: Comparing the States August 8, 2022
    The state of U.S. education: test scores from the NAEP, spending from the Census Bureau, and a measure of state price levels from the BEA. Continue Reading →
    Tony Lima
  • The Tax Foundation Dissects the Inflation Reduction Act of 2022 July 29, 2022
    Bad advice is coming from economists who perennially favor of tax increases. Nobody knows whether tax increases reduce inflation. Continue Reading →
    Tony Lima
  • Does a Recession Really Have To Have 2 Consecutive Quarters of Negative GDP Growth? July 27, 2022
    Does a recession really have to have 2 consecutive quarters of negative GDP growth? No. The Business Cycles Dating Committee makes this call. Continue Reading →
    Tony Lima
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