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The Great Recession Is Barely Over … Maybe
UPDATED 12/22/11 The third estimate of real GDP for the third quarter of 2011 (3Q2011) is $15 billion lower than last month’s advance estimate. The annualized rate of $13,331.6 billion (in chained 2005...
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Economic Growth Since World War II
As we await (probably in vain) the resumption of robust economic growth, let us see what we can learn from the record since World War II (from 1947, to be precise). The Bureau of Economic Analysis...
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Where We Are, Economically
UPDATED (10/26/12) The advance estimate of GDP for the third quarter of 2012 has been released. Real growth continues to slog along at about 2 percent. I have updated the graph, but the text needs no...
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Where We Are, Economically (Updated)
Here. The bottom line: still stuck in a rut, thanks to Obama-nomics.Filed under: Economics: Principles and Issues Tagged: business cycles, economic growth, economics, GDP growth, government failure,...
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Multiplicative Hogwash
The Economist offers an almost-balanced view of the Keynesian multiplier, starting with its inception in Keynes’s General Theory, its theoretical refinement by Alvin Hansen and Paul Samuelson, and...
View ArticleSimple Economic Truths Worth Repeating
From “Keynesian Multiplier: Fiction vs. Fact“: There are a few economic concepts that are widely cited (if not understood) by non-economists. Certainly, the “law” of supply and demand is one of them....
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