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Tag Archives: value added

The Invisible Economy is Not the Hidden Economy

Posted on July 11, 2014 by Tony Lima

National income accounting is not particularly easy or interesting. But those who try to use GDP should know what they’re talking about. Mr. Davidow has sadly failed this test. Continue Reading →

Posted in Economic basics, Media Stupidity | Tagged Atlantic, Davidow, featured, gdp, Google, national income accounting, NIPA, value added

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“Everybody knows that once something is declared a right, the laws of supply and demand are automatically repealed.”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

Websites I Like and Use

  • Political Calculations
  • Dan Mitchell's Analysis of Tax Issues
  • Federal Reserve Bank of St. Louis
  • Federal Reserve Bank of Boston
  • Federal Deposit Insurance Corporation
  • Board of Governors of the Federal Reserve System
  • Federal Reserve Bank of Minneapolis
  • California Pension Tracker

My Other Blogs

  • California Wine Fan
  • Virginia Wine Fan
  • Oregon Wine Fan
  • My musings about technology and strategy

GonzoEcon History

Recent Posts

  • Iowahawk Shows How to Use Excel to Draw Your Own Hockey Stick
  • Secrets of Making Money
  • Your Constitutional Right to Be a Pirate
  • Berkley’s Natural Gas Ban Will Cost Consumers
  • Berkeley Bans Natural Gas

RSS feed: RSS RSS

  • Iowahawk Shows How to Use Excel to Draw Your Own Hockey Stick September 22, 2026
    Remember the "hockey stick?" No, not the kind used in the National Hockey League.  This hockey stick is a curve first proposed by Michael Mann. It is the output from his climate model. Continue Reading →
    Tony Lima
  • Secrets of Making Money September 21, 2026
    About a century ago, the PBS NOVA put together "Secrets of Making Money." This video detailed the many then-new security features built into the redesigned $100 banknote. Continue Reading →
    Tony Lima
  • Your Constitutional Right to Be a Pirate September 4, 2026
    Article I, Sec 8 of the Constitution gives Congress the power to grant citizens “letters of marque and reprisal.” You, too, can be a pirate. Continue Reading →
    Tony Lima
  • Berkley’s Natural Gas Ban Will Cost Consumers August 4, 2026
    Congratulations, Berkeley residents. Not only do you get to pay more for your electric stove, you also contribute to greater greenhouse gas emissions. Continue Reading →
    Tony Lima
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  • Home
  • About
    • Dr. Lima’s Resumé
  • Product Reviews
  • Expand the House (Budget)
  • Learning
    • Learning Econometrics
    • Learning Economics With Video
    • Learning Math
    • Learning Portfolio Theory
  • Licensing and Copyright Notices
  • Privacy Policy
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