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Tag Archives: GDP
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
Posted in Economy, MN Gordon
Tagged bureau of labor statistics, GDP, government meddling, janet yellen, jobs
17 Comments
Paying the Price for Krugman’s Terrible Mistake
Clear economic thinking and lucid communication via the written word tumbled out of fashion nearly 100 years ago. The fall from grace was triggered by the 1936 publication of John Maynard Keynes’ The General Theory of Employment, Interest and Money. Continue reading
Posted in Inflation, MN Gordon
Tagged cpi, GDP, janet yellen, paul krugman, the new york times
22 Comments
Black Lives Matter: An Immodest Suggestion
Here at the Economic Prism we hesitate to offer advice. We don’t know the answers. We hardly know the questions. But we do observe, contemplate, and reflect. And as far as we can tell the BLM movement is empty of ideas and without direction. Hence, from a place of modesty, we offer an immodest suggestion. Continue reading
Posted in Government Debt, MN Gordon
Tagged black lives matter, debt, GDP, semiconductor engineers, zombie economics
18 Comments
How to Prepare as the Fed Scorches the Earth
The hillsides are always brown in the land of fruits and nuts come autumn. After baking away all summer long in the hot sun, the dense sage and chaparral covering the coastal hillsides and canyons are dry and toasty. Though, before conditions get better, they must first get worse. Continue reading
Posted in Economy, MN Gordon
Tagged collapse, federal reserve, GDP, santa ana winds, scorched earth policies
1 Comment