Tag Archives: bureau of labor statistics

Why Labor Productivity Has Collapsed

Recession. Raging consumer price inflation. A Presidential administration that seeks to confuse and obfuscate what’s really going on. These are the realities facing American workers in the dog days of August circa 2022. Continue reading

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What Happens When Work Doesn’t Pay

Jobs data reported this week by the Bureau of Labor Statistics show that, as of the last business day of June, there are 10.7 million job openings. Hence, according to the numbers, there are many more available jobs than willing workers. Continue reading

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How Uncle Sam Inflates Away Your Life

“Inflation is always and everywhere a monetary phenomenon,” once remarked economist and Nobel Prize recipient Milton Friedman.  He likely meant that inflation is the more rapid increase in the supply of money relative to the output of goods and services … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , | 18 Comments

Bear Witness to the Madness

Second-rate economic data is first-rate news for Wall Street these days.  We don’t quite comprehend the logic.  But the popular reasoning goes something like this… Good economic data is bad for stocks.  For it means the Fed will begin increasing … Continue reading

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