Submitted by The Capital Spectator
Here we go again? Maybe. Another economic release, another opportunity to rethink yesterday’s conventional wisdom.
This morning’s news that employment growth was a lot more bubbly last month than economists expected. The consensus forecast called for a rise in nonfarm payrolls of just 80,000 for October, according to TheStreet.com. That would have […]

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Submitted by Econ Weekly
Prices rose 2.4 percent in the year to September 2007, using the monthly price index for personal consumption expenditures (PCE); the reading was 0.6 percentage points higher than in August. Core inflation on the other hand, which doesn’t include the prices of food and energy, was 1.8 percent in the year to […]

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Submitted by Businomics Blog
I received a telephone call from a TV talk show producer looking for two economists to talk about the administration’s tax policy. (This was a few years ago, when President Bush’s tax cuts were being debated.) I told her what I liked in the tax policy, and what I disliked, […]

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Submitted by CARPE DIEM

According to this report from the Mackinac Center for Public Policy, “The average private sector employee in Michigan earned $41,128 in fiscal 2005, compared to $48,421 for the average state civil service worker. State government employees, in other words, earned about 18 percent more than private sector workers.”
The report also compared private […]

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Submitted by CARPE DIEM

Yes, John Edwards, there really are “Two Americas”: One America for those who work for the government and make almost $62,000 on average (wages and benefits), and another America for those saps who work in the private sector who earn $6,000 less on average ($55,470), see chart above (click to enlarge).
And […]

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