Tag Archives: bureau of labor statistics

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

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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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Something to Cheer About

This year’s on target to be a banner year for jobs growth.  With a month still left, total payrolls have already increased by 2.65 million.  An upsurge like this hasn’t been notched since the twilight of the last millennium. The … Continue reading

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Why We Are All Doomed

Second quarter GDP, as reported in by the Bureau of Economic Analysis on August 28, grew at an annualized rate of 4.2 percent.  This follows up a 2.1 percent decline in the first quarter.  Just what is it that turned … Continue reading

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