A Primer on Demand Elasticity
“How does quantity demanded change in response to a price change?” We use price elasticity of demand. This is a primer on demand elasticity. Continue Reading →
Category Archives: Economic Data
Millionaires in the US
“How many millionaires are there in the U.S.?” The claim was 1% of the population were millionaires. I suspected that was way too low. Continue Reading →
Revisiting First Quarter GDP
The third estimate was released a few weeks ago. Real GDP growth increased from the first estimate’s 1.1 percent to 2.0 percent Continue Reading →
Vincent Geloso Dissects Gabriel Zucman
Geloso posted a Twitter thread criticizing Zucman’s latest. Zucman is part of the faculty crowd that warp data to achieve leftist results. Continue Reading →
First Quarter GDP
First quarter growth was driven by Federal government hiring. Higher government cost was a major contributor to the ongoing inflation. Continue Reading →
Fourth Quarter GDP
GDP growth of 2.9% sounds pretty good. But there is underlying weakness in the economy. I estimate a 60% chance of a recession in 2023. Continue Reading →
COVID and Kids Part 2
COVID and kids part because the CDC has once again produced a junk study. Even worse, after two revisions they still don’t have it right. Continue Reading →
The U.S. Washboard Monopoly
Inspired by a front-page article in the Wall Street Journal, I investigated this outrage. The U.S. washboard monopoly is a national disgrace. Continue Reading →
Everybody Talks About the Weather
Everybody talks about the weather, so why should I be any different? I look at rainfall in the Bay Area this season. Results are encouraging. Continue Reading →
Who’s Helping Ukraine?
Who’s helping Ukraine? Using data from the Ukraine Support Tracker, I estimate aid from the U.S., the rest of the world, and non-US NATO. Continue Reading →