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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
Posted in Inflation, MN Gordon
Tagged bureau of labor statistics, consumer price index, milton friedman, shadow stats
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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
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
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
Posted in Economy, MN Gordon
Tagged bailouts, bureau of economic analysis, bureau of labor statistics, GDP, jobs
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