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 →
Category Archives: Economic Data
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 →
Wealthiest Generation
This graph purports to show that Baby Boomers are the wealthiest generation. When I saw it, I was pretty sure it was wrong. And I was right. Continue Reading →
How the Government Screwed Up COVID-19 Data
This is public health malpractice. We still do not know why some 40-year-olds end up in the hospital while others spend a day or two in bed. Continue Reading →
More on M1 and M2
In May, 2020 M1 and M2 definitions changed. I wrote about this a few months ago, but overlooked rule changes. Here’s more on M1 and M2. Continue Reading →
COVID19 State Performance
People are coming up with all sorts of creative ways to avoid the fact that NY, NJ, CT, and MI all did terrible jobs managing this disease. They’re wrong. Continue Reading →
CHAZ Unemployment Rate
Is the CHAZ unemployment rate really 100 percent? One of my economist colleagues pointed out an obvious error. The actual unemployment rate is undefined. Continue Reading →