Source: WalletHub
Economists Still Using Wrong Data Set
Economists Turn a Blind Eye to Historical Data To get the right view of post-recession recoveries, you have to look at debt-induced...
How do people really feel about the economy?
How do people really feel about the economy? Ben S. Bernanke Brookings, June 30, 2016 Note: this was published last month, prior...
Defend Against Statistical Nonsense
Source: NYPD Now that the political conventions are in full throat and the silly season has started, I thought it might be...
How Exactly Do We Determine Recessions?
There seems to be this idea that just won’t go away — that two or more quarters of negative economic growth mark a recession....
History of Urbanization, 3700 BC – 2000 AD
This map visualizes the history of urban settlements over 6,000 years. The data shown in the map comes from a Yale-led study published...
Ha-Joon Chang: Economics Is For Everyone!
Really interesting stuff (“This is the video economists don’t want you to see!”): ‘Economics is for everyone’, argues...
The Debt-Deflation Theory of Great Depressions
Following the Wall Street Crash of 1929 and the Great Depression, Irving Fisher developed the theory that recessions and depressions are...
What If There is No ‘Secular Slowdown’?
In light of the big rise in the June payrolls, I wanted to offer some broader context about the economy. Understanding the swings of...