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Better, But Not Good Enough
Editor’s Note: Reed Davis joins Logarchism as a regular contributor with this article. Reed became interested in U.S. budget and economic matters back in 1992, the first time that he remembers the debt...
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Relationships Between Spending and GDP
Negotiating over our economic future? Every so often, I like to pull a generally accepted economic truism off the shelf and test it. As you may recall, I looked a couple of times at the relationship...
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The (Stupid) Economy
Pauly welcomes another observation from CaptainPlatypus. Now that it’s theoretically possible that we have a temporary and partial (and mostly political) resolution to the debt/deficit crisis, and once...
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What Happened to Employment?
Note: I attached an addendum to this article at 10:15AM PDT. This is different from my usual quantitative articles. Typically, I have a set of data that point in a particular direction, and show how it...
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Unbalanced Budget Amendment
US Federal debt, 1940–2010 as % of GDP As part of the deal that raised the debt ceiling and created the deficit supercommittee, Congress must vote on a Balanced Budget Amendment. The House is scheduled...
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Wages, Productivity and Corporate Profits
On November 29th, the Bureau of Economic Analysis released the preliminary estimate of corporate profits for the 3rd quarter of 2012 (a revised estimate was released on December 20th). Soon after, a...
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Blanket Economic Statements
On Wednesday, the United States Bureau of Economic Analysis announced that the Gross Domestic Product decreased in the fourth quarter of 2012 by an annual rate of 0.1 percent. It’s the first...
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Keynes Enabled?
John Maynard Keynes Last week, the Bureau of Economic Analysis published a report indicating that the gross domestic product decreased by an annualized 0.1 percent in the fourth quarter of 2012....
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Do Tax Cuts Increase Economic Growth?
On January 30th, the Bureau of Economic Analysis issued its initial estimates of the real gross domestic product in the fourth quarter of 2012. Following is the beginning of the accompanying news...
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The Error Heard ’Round the World
Kenneth Rogoff — Co-Author of Error Less than two weeks ago, three economists at the University of Massachusetts, Amherst published a rather technical paper that should have fallen like a bombshell on...
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