Submitted by Econbrowser
The Bureau of Labor Statistics reported yesterday that its primary consumer price index CPI-U rose 5.6% over the last year. That’s the highest inflation rate in 17 years, the newspapers all call to our attention. Just how concerned should we be about these numbers?

Of that 5.6% year-over-year price increase, 1.9% came within the […]

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Submitted by CARPE DIEM

TAX FOUNDATION — In a blockbuster new study titled “Tax and Economic Growth,” economists at the OECD studied the effects of various types of taxes on the economic growth of developed nations and found that “corporate taxes are found to be most harmful for growth, followed by personal income taxes, and then […]

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Submitted by CARPE DIEM

TAX FOUNDATION — Amid rising concerns about the state of the U.S. economy, new data compiled by economists at the OECD shows that for the 17th consecutive year the average rate of corporate taxes in non-U.S. countries fell while the U.S. corporate tax rate stayed the same. As a result, the overall […]

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Submitted by unsettling economics
Here is the last paragraph of what I posted earlier, plus some text that goes into more detail about the subject. Any suggestions would be appreciated.
Most economists are dismissive of any theory not built on what they consider to be solid micro-foundations — economists’ jargon for this patently unrealistic model. Mainstream economists […]

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Submitted by Businomics Blog
“Consumers are just throwing in the towel” according to Global Insight economist Brian Bethune.  I like a nice quote, but Bethune displays utter ignorance in his search for news exposure.  Let’s take a look at yesterday’s retail sales report:

The drop in retail sales amounted to one tenth of one percent.  Yes it’s […]

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