Where We Are, Economically (Updated)
Here. The bottom line: still stuck in a rut, thanks to Obama-nomics.
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The Economic Outlook in Brief
I have elsewhere quantified the connection between government spending and economic growth (e.g., here and here).* I have also shown that stock prices indicate the direction of economic growth. It...
View ArticleThe Price of Government, Once More
I was pleased to read a recent post by Mark Perry, “Federal regulations have lowered real GDP growth by 2% per year since 1949 and made America 72% poorer.” It wasn’t the message that pleased me; it...
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Estimating the Rahn Curve: Or, How Government Inhibits Economic Growth
UPDATED 12/13/14 — This update consists of a comment about my estimate of the Rahn curve. I have just published a much better estimate of the curve for the post-World War II era. UPDATED 12/28/11 —...
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Economic Modeling: A Case of Unrewarded Complexity
This is the fifth entry in a series of loosely connected posts on economics. Previous entries are here, here, here, and here. I wrote “About Economic Forecasting” twelve years ago. Here are some...
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Economic Growth Since World War II, Updated
Here, using data through September 2018. I will tantalize you with a few tid-bits: (Note: The first, and brief, post-war cycle is omitted.) The Rahn Curve depicts the relationship between government...
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Macroeconomic Modeling Revisited
Modeling is not science. Take Professor Ray Fair, for example. He teaches macroeconomic theory, econometrics, and macroeconometric models at Yale University. He has been plying his trade since 1968,...
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Is a Reckoning at Hand?
If it is, it will arrive on two fronts: political and economic. On the political front, Conrad Black and Victor Davis Hanson are (sort of) optimistic that the left’s audacious power-grab will fail. A...
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