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Tag Archives: Stein

Herb Stein

If It Can’t Go On Forever, It Will Stop

Posted on November 7, 2021 by Tony Lima

if an activity can’t go on forever, it must eventually stop. Consider the rising U.S. government debt. If it can’t go on forever it will stop. Continue Reading →

Posted in Current issues, Economic policy | Tagged default, failed treasury auction, featured, government debt, Herb Stein, Stein

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“Everybody knows that once something is declared a right, the laws of supply and demand are automatically repealed.”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

  • RT @daniela_witten: It’s been a long day, and there are too many people to thank. So I’ll just say: I’m immensely grateful to the sta… https://t.co/zTndKVEn2b, 11 hours ago
  • RT @sdwinkler: These are weasel words and mean the actual number of below-$400k audits will increase. A lot. They've given themsel… https://t.co/Ur7xDiUrYZ, 11 hours ago
  • RT @caseybmulligan: In economic terms, expanded ACA eligibility reduces the market-level premium elasticity of insurance demand. In ma… https://t.co/50sStleETo, 11 hours ago
  • RT @dougboneparth: If you’re wondering why people confuse year over year changes with month over month changes, it’s because they are stupid., 11 hours ago
  • RT @spomboy: The PPI (at 9.8% yy) is still running 1.3pp ahead of CPI. this marks the 18th straight month that input cost infla… https://t.co/sHYrE1ubsp, 11 hours ago

Websites I Like and Use

  • Board of Governors of the Federal Reserve System
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Recent Posts

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  • The State of U.S. Education in 2019: Comparing the States
  • The Tax Foundation Dissects the Inflation Reduction Act of 2022
  • Does a Recession Really Have To Have 2 Consecutive Quarters of Negative GDP Growth?
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  • Are IRS Audits Really That Bad? August 9, 2022
    Are IRS audits really that bad? There will soon be 87,000 new IRS agents.  With 674 billionaires in the U.S., that's not who will be audited. Continue Reading →
    Tony Lima
  • The State of U.S. Education in 2019: Comparing the States August 8, 2022
    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 →
    Tony Lima
  • The Tax Foundation Dissects the Inflation Reduction Act of 2022 July 29, 2022
    Bad advice is coming from economists who perennially favor of tax increases. Nobody knows whether tax increases reduce inflation. Continue Reading →
    Tony Lima
  • Does a Recession Really Have To Have 2 Consecutive Quarters of Negative GDP Growth? July 27, 2022
    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 →
    Tony Lima
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