Browsing All Posts filed under »Economic Recovery«

Moving to the Left–Why it is essential to Love God with all our Minds, as well as our Hearts

July 26, 2014 by


In Wednesday’s Politico, Thomas Ricks writes about how he is turning left politically mid-life, outlining a growing disillusionment with American military, government and economic results.  Much of his criticisms I don’t fault, such as his specific criticisms of how and why we fought in Iraq (a subject I won’t delve into here).  But he also […]

Higher and Higher

July 21, 2014 by


Well, I am deep into summer and I, like a few others—maybe many others—have noticed that things aren’t what they used to be, just a few short years back in the “evil” Bush administration. In case you are curious I’m talking about the prices of goods and services. There is a nice article about it […]

Musings for this Day

June 25, 2014 by


The economy shrank by 2.9% so far this year, it was announced today.  Recession, what recession?  We were told by the economists that it was over long ago.  So go on with whatever you were doing (or if you were unemployed, with what you aren’t doing) and don’t worry.

Don’t Forget History

May 8, 2014 by


Amity Shlaes has written a fine piece in National Review Online on one particular aspect of the Great Depression having to do with minimum wages (NRO, May 7, 2014).  As she points out, recent research has changed the way we evaluate that event in economic history.  In case you don’t remember, the dominant narrative had been that […]

Quote for the Day, from Allan Meltzer’s WSJ op-ed today

May 7, 2014 by


Allan Meltzer is perhaps the greatest living monetary economist; his A History of the Federal Reserve, is the definitive standard on the Fed.  He was a contemporary of Milton Friedman, and a noted monetarist scholar in his own right.  Discussing the Fed today, he ventures slightly off course: Broadly speaking, the Obama administration has pursued […]

The “Point One” Percent

May 1, 2014 by


We are all collectively the “point one percent” now.  That is, we live in an economy that measured ,1% (you read that right) growth in GDP in the first quarter of 2014.  Are we in for a “double dip” recession–have we really emerged from the previous one, despite fine economic definitions (and let’s be clear, […]

The Affordable Care Act and Labor Supply

February 5, 2014 by


On Tuesday the non-partisan Congressional Budget Office released it’s report – “Budget and Economic Outlook: 2014 to 2024” . The report is causing quite a stir because of the CBO’s estimates of the affect of the Affordable Care Act on the United States economy. President Obama has previously used CBO estimates to provide support for the […]