Will a GDP Futures Market Be Liquid?
At the Cato Monetary Conference this week, Scott Sumner said he had a “modest” proposal, that there should be a highly liquid futures market…
Read MoreGDP
The truth about GDP
“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime…
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Eugen von Bohn Bawerk: The Yield Curve and GDP – a causal relationship?
Source: http://bawerk.net/2015/10/30/the-yield-curve-and-gdp-a-causal-relationship/ One of the most reliable indicators of an imminent recession through recent history has been the yield curve. Whenever longer dated rates…
Read MoreFederal Government Introduces a New Macro Statistic: A Triumph in Supply-side “Austrian” Economics and Say’s Law
Mark Skousen, The Structure of Production. New York University Press. Third revised edition, 2015, 402 pages. $26 paperback. Available on Kindle. To buy…
Read MoreThe fallacies of GDP
The common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this…
Read MoreHow GDP Metrics Distort Our View of the Economy
[This piece, by Christopher P. Casey, first appeared at mises.org here https://mises.org/library/how-gdp-metrics-distort-our-view-economy] GDP purports to measure economic activity while largely divorcing itself from the quality, profitability,…
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Total Output grew by 2.17% in 2012
October 31st saw the belated release of the 2014 Input-Output Supply and Use Data. This is important because it incorporates a larger amount of…
Read MoreNew Normal
Just over three weeks ago, in his keynote address to the Global Corporocracy at the so-called ‘Summer Davos’ meeting in Tianjin, Li Keqiang firmly…
Read MoreThe Coming Slump
Governments and central banks have made little or no progress in recovering from the Lehman crisis six years ago. The problem is not helped…
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Beyond GDP: Get Ready For A New Way To Measure The Economy
“A balanced Input-Output framework…provides a more accurate and consistent picture of the U. S. economy.” – Survey of Current Business Starting in spring 2014,…
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