Electricity in California
This is the good, the bad, and the ugly of electricity in California. My case study is a typical day from the recent heat wave. Continue Reading →
Category Archives: Economic Data
M1 and M2 Definitions Have Changed
The definitions of M1 and M2 changed in May, 2020. Edited September 7, 2022 to clarify that total M2 did not change because M2 includes M1. Continue Reading →
The State of U.S. Education in 2019: Comparing the States
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 →
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? No. The Business Cycles Dating Committee makes this call. Continue Reading →
How States Are Recovering From COVID
You will immediately recognize the problem. GDP growth includes population growth. We almost always look at GDP per capita. Continue Reading →
MIT Reinstates SAT and ACT Tests for Admission
MIT reinstates SAT and ACT tests for admission. Below is a thread by Prof. Kathryn Paige Harden describing the research behind this decision. Continue Reading →
Expand the House (Budget) DRAFT
THIS PAGE IS UNDER CONSTRUCTION. PLEASE TAKE THAT INTO ACCOUNT WHEN READING. Posts linked from this page are part of my years-long project analyzing the budgetary impact of expanding the Continue Reading →
Inflation’s Big Driver: Transportation
Part 3 of my series about inflation. Here I’m concerned with inflation’s big driver: transportation. Let’s look at its components. Continue Reading →
The Real Money Supply
Did real money supply growth remain stable recently? Did it decrease during the 1979-1982 period? Data says both answers are no. Continue Reading →
Will There Be a Wine Shortage in 2021?
My guess: the global price elasticity for wine is -0.7. If 2021 output falls by 4.6%, the global price should rise by 6.5%. No wine shortage. Continue Reading →