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