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Saturday, July 6, 2013

US Economy Adds 195,000 Payroll Jobs in June; Voluntary Part-Time Work Increases

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The U.S. labor market continued to strengthen in June, according to the latest data from the Bureau of Labor Statistics . Strong June data ...
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Monday, July 1, 2013

Why Conservatives Should Love a Carbon Tax—and Why Some of Them Do

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 Last Week the White House released a long-anticipated Climate Action Plan . Conservatives have been swift to attack it as a “ backdoor en...
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Wednesday, June 26, 2013

US Q1 GDP Growth Revised down to 1.8 Percent on Falling Exports

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Today’s GDP report from the Bureau of Economic Analysis revised the estimate for Q1 growth sharply downward, from 2.4 percent to 1.8 perc...
Monday, June 24, 2013

The Economics of the Good Life: A Critique of Growth

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In the first part of my review of Robert and Edward Skidelsky’s How Much is Enough ? I looked at the puzzle of leisure. Why, the Skidelsk...
Monday, June 17, 2013

Solving the Mystery of Keynes' "Mistaken" Prediction: Why Don't we Work Less and Take More Leisure

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Robert Skidelsky is best known for his definitive three-volume biography of John Maynard Keynes. It hardly surprising, then, that he begin...
Friday, June 14, 2013

Case Study in Hyperinflation: Venezuela on the Brink

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The Central Bank of Venezuela recently reported an inflation rate for May of 6.9 percent, equivalent to an annualized rate of more than 100...
Wednesday, June 12, 2013

Breakup of the Ruble Area (1991-1993): A Cautionary Tale for the Euro

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Good news: The euro crisis is over. At least that is how French President Francois Hollande sees it, according to remarks he made during hi...