21 | August | 2012

Friday, May 24, 2013

Philly Fed reports today on state coincident indexes; North Dakota and Ohio lead the country with energy-related booms

Mark J. Perry | August 21, 2012, 8:35 pm

The Philadelphia Federal Reserve Bank released new data today on State Coincident Indexes (and a national index), which are composite index measures based on four individual variables that summarize the current economic conditions in each state in a single statistic. … read more >

Carpe Diem

Tuesday night roundup: 10 assorted links

Mark J. Perry | August 21, 2012, 8:26 pm

1. Markets in Everything: NFL online courses for ejected fans and a West Hollywood restaurant that offers a 5% discount on your meal if you leave your phone with the receptionist. 2. The Billion Prices Project @ MIT updated daily … read more >

Pethokoukis

CHART: The Roaring ’20s as seen via a boom in yacht building

James Pethokoukis | August 21, 2012, 4:52 pm

Talk about a boom and a bust.

Pethokoukis

CHART: Here is the German jobs chart that led to Hitler

James Pethokoukis | August 21, 2012, 4:44 pm

While analysis of Germany’s post-WWI economic troubles tends to focus on hyperinflation, it was high unemployment of 30% that was the critical issue leading to the rise of Adolph Hitler. Via the new FRED datasets, here is a chart showing … read more >

Pethokoukis

CHART: Britain’s big boom in the 1800s

James Pethokoukis | August 21, 2012, 4:32 pm

Via a new FRED dataset, you can see the Britain’s economic takeoff during the Industrial Revolution as measured in brick production. It wasn’t steady or immediate, but it was historic as economic growth finally picked up.

Pethokoukis

CHART: The mother of all business cycles

James Pethokoukis | August 21, 2012, 4:22 pm

Via the new FRED dataset, here you have the unemployment rate before, during, and after the Great Depression. That is quite a round trip.

Pethokoukis

Look at this chart and guess when the U.S. got an income tax

James Pethokoukis | August 21, 2012, 4:07 pm

When the U.S. instituted an income tax in 1913, the top rate was 7% and only applied to incomes of $10 million or more, in current dollars. But tax collections were still low, as the above chart (via a new … read more >

Pethokoukis

Is BUBB (breaking up the big banks) now a ‘conservative imperative’?

James Pethokoukis | August 21, 2012, 3:44 pm

You can add Red State’s Erick Erickson to the growing list of BUBB conservatives: We have created a financial situation in this country, with Dodd-Frank and other policies, that have stacked the banks against the American people. They have become … read more >

Pethokoukis

Why Democrats think taxes will need to rise by more than 50%

James Pethokoukis | August 21, 2012, 2:00 pm

Larry Summers performs a great public service by outlining in the The Financial Times the liberal thesis that the U.S. government must be vastly and unavoidably larger in the future than it has been historically. Here is Summers’ math: – … read more >

Carpe Diem

Beloit College Mindset List for Class of 2016

Mark J. Perry | August 21, 2012, 1:22 pm

Beloit College — Each August since 1998, Beloit College has released the Beloit College Mindset List, providing a look at the cultural touchstones that shape the lives of students entering college each fall. It was originally created as a reminder … read more >