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 →
Category Archives: Economic Data
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 →
COVID and Kids
The data on COVID and kids suggest spending more on protecting kids from accidents, homicides, and suicides. Masking is worse than useless. Continue Reading →
Inflation, Its Causes, and Money
The only way to lower inflation is to reduce the growth rate of the money supply. The growth of M2 has exceeded 10% since March, 2020. Continue Reading →
Facebook Factcheck Fail
Facebook factchecked my post about Bidinflation, saying it lacked context. The numbers match those reported by BLS. Facebook factcheck fail. Continue Reading →
New Minimum Wage Research
States that increased the minimum wage by more than $1 per hour had lower job growth than those who raised the minimum wage by less than $1. Continue Reading →