Archive for the ‘Economic Growth’ Category

Dr. John, Ph.D. on the Spate of Current Economic Indicators: “Refried Confusion is Making Itself Clear”

July 2nd, 2014

I often cite the great New Orleans pianist/composer at moments like this, when the economic data are jumping around this way and that. Most analysts, myself included, agreed that first quarter GDP was a large outlier, but not to put too fine a point on it, that -2.9% was just a crap number (here’s my… Read more

A Close Shave with Occam’s Razor

June 30th, 2014

Dean Baker goes on a vicious—even for him!—tear in response to Robert Samuelson’s column this morning on the state of economics knowledge about the business cycle.  Dean’s take down is definitely worth a read, as I too have been struck by the increasingly complex explanations offered for a sequence of economic events that seems fairly… Read more