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Salmon Rep. Dan Bishop (R-NC) Dissects the Omnibus Spending Bill

Rep. Dan Bishop (R-NC) Dissects the Omnibus Spending Bill

Posted on December 20, 2022 by Tony Lima

Rep. Dan Bishop dissected the “omnibus” spending bill.  He highlights the worst travesties. $3.6 million for the Michelle Obama Trail? Continue Reading →

Posted in Current issues, Economic policy | Tagged Bishop, featured, federal government spending, Omnibus
Replacing the Toner Cartridges in Your Ricoh SP C360SFNw Printer

Replacing the Toner Cartridges in Your Ricoh SP C360SFNw Printer

Posted on December 16, 2022 by Tony Lima

This is an addition to my series of videos showing how to maintain this device: replacing the toner cartridges in your Ricoh SP C360SFNw. Continue Reading →

Posted in Product Reviews | Tagged featured, Ricoh, SP C360, toner
Marginal > Average Marginal and Average Explains Inflation Changes

Marginal and Average Explains Inflation Changes

Posted on December 13, 2022 by Tony Lima

The annualized month-to-month inflation (AMM) and the year over year rate (YOY) are the marginal and average. AMM > YOY, YOY should rise. Continue Reading →

Posted in Economic basics, Economic Data | Tagged average, featured, inflation, marginal
RTX and Third Quarter GDP

RTX and Third Quarter GDP

Posted on December 1, 2022 by Tony Lima

y hypothesis was that U.S. aid to Ukraine was recycled as purchases of U.S. weapons.  This is part 2 of my discussion of third quarter GDP. Continue Reading →

Posted in Economic Data, The state of the economy | Tagged featured, raytheon, raytheon missiles & space, rtx, third quarter gdp
Marathon Math

Marathon Time Calculator

Posted on November 22, 2022 by Tony Lima

Today a podcast I frequent discussed marathon runners.  I decided to put together a small Excel workbook to do the calculations. Free download Continue Reading →

Posted in Useful tips | Tagged chicks on the right, featured, marathon
Responses to Emily Oster

Responses to Emily Oster

Posted on November 1, 2022 by Tony Lima

Has there ever been a more disingenuous statement? Many of us knew all along.  We were hounded, banned from social media, and denigrated. Continue Reading →

Posted in COVID | Tagged Atlantic, covid, featured, Oster
Third quarter GDP

Third Quarter GDP

Posted on October 27, 2022 by Tony Lima

There’s a good chance that a lot of the increase in third quarter GDP was caused by U.S. government spending, specifically foreign aid. Continue Reading →

Posted in Economic Data, The state of the economy | Tagged adding up gdp, advance estimate, featured, gdp, government spending, inventory change, third quarter, Ukraine
Rep. Chip Roy Press Office Chip Roy Details Waste in the Continuing Resolution

Chip Roy Details Waste in the Continuing Resolution

Posted on September 29, 2022 by Tony Lima

Rep. Chip Roy (R-TX) has a long list of waste in the continuing budget resolution to keep the government open. Read it and weep. Continue Reading →

Posted in Economic policy | Tagged Chip Roy, continuing resolution, featured, government budget, government waste
American Thought Leaders logo Riley Moore Reveals the Truth About ESG Funds.

Riley Moore Reveals the Truth About ESG Funds.

Posted on September 26, 2022 by Tony Lima

The truth about ESG funds: fund managers are raking it in on all this stuff. And some funds may not live up to their own standards. Continue Reading →

Posted in Current issues, Economic policy | Tagged American Thought Leaders, ESG, featured, Jan Jekielek, Riley Moore

Wall Street Journal Exchange Rate Fail

Posted on September 16, 2022 by Tony Lima

Wall Street Journal exchange rate fail. Ms. Feng thinks an exchange rate change from 7¥/$ to 6.9¥/$ is a ¥depreciation. That’s backwards. Continue Reading →

Posted in Current issues, Economic basics | Tagged appreciation, depreciation, exchange rate, featured, Wall Street Journal fail

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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

  • Join @carldemaio and sign the petition to Stop the Natural Gas Ban! Sign the petition here: https://t.co/n4ltSCzl2V, 16 hours ago
  • RT @missmulrooney: My 3-year-old said she wished we had a pet. I reminded her we have a dog and wow the genuine surprise on her face a… https://t.co/uEL0wMlebB, 18 hours ago
  • RT @zerohedge: Pentagon ‘did not detect’ previous Chinese spy balloons: US general Glen VanHerck, the head of U.S. Northern Comman… https://t.co/29p8PNDOq6, Feb 7
  • Fourth quarter GDP says we’re heading for a recession. Buckle up for a bumpy ride through the deep weeds of GDP num… https://t.co/eHawhPhH76, Feb 7
  • RT @bloodless_coup: 🔴 I regret to inform you the cowardly, rudderless, stupid party is being cowardly, rudderless and stupid again. 🙄 https://t.co/lfuM9iks6m, Feb 6

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

  • Fourth Quarter GDP
  • COVID and Kids Part 2
  • The U.S. Washboard Monopoly
  • Repeal the Jones Act
  • Everybody Talks About the Weather

Recent Comments

  • Tony Lima on Banning Gas Kitchen Stoves
  • Jeff Olson on Banning Gas Kitchen Stoves
  • Tony Lima on Everybody Talks About the Weather
  • Mick on Everybody Talks About the Weather
  • Inflation Update - GonzoEcon on Inflation, Its Causes, and Money

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  • Fourth Quarter GDP February 7, 2023
    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 →
    Tony Lima
  • COVID and Kids Part 2 January 31, 2023
    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 →
    Tony Lima
  • The U.S. Washboard Monopoly January 28, 2023
    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 →
    Tony Lima
  • Repeal the Jones Act January 26, 2023
    Puerto Rick is a hurricane magnet. After the last one, power was out for 928,000 residents. The island has many diesel power generators. A tanker full of diesel was moored off the coast. But it wasn’t allowed to dock. Why? The Jones Act. Continue Reading →
    Tony Lima
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