Tag Archives: consumer price index

The Consequences of Lard

Posted on April 17, 2012 by MN Gordon

The Labor Department reported last Friday that consumer prices increased 0.3 percent in March.  More importantly, however, when adjusting for the increase in prices, worker earnings fell 0.4 percent during the month.  What this means is that wage earners are … Continue reading →

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Titanic Myths and the End of Consumer Capitalism

Posted on March 20, 2012 by MN Gordon

Next month marks the 100-year anniversary of the Titanic’s star-crossed demise into the frigid waters of the North Atlantic Ocean.  To commemorate the occasion, the April edition of National Geographic features a cover story on the grand ocean liner and … Continue reading →

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Sowing the Seeds of Mass Inflation

Posted on March 9, 2012 by MN Gordon

Around the time Elvis Presley choked on his last pill the impossible happened; inflation and unemployment increased simultaneously.  Economists were confounded. According to the Philips curve there was supposed to be an inverse relationship between inflation and unemployment.  When the … Continue reading →

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Heating the Stove with Furniture

Posted on January 20, 2012 by MN Gordon

Several important economic data points from last month were revealed this week.  Industrial production and the producer price index were reported on Wednesday.  Then, yesterday, the consumer price index was reported.  Here are the particulars… According to the Federal Reserve, … Continue reading →

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