How did the German hyperinflation end ? I think the best but totally biased source of information is The Stabilization of the Mark by Hjalmar Horace Greeley Schacht (just look at the price !?! to understand how German’s felt). The book could be entitled “How I Did It” but the point is that he did […]
For Mother’s Day, as it were, xkcd presents The Lawrence H. Summers Memorial History of Math and Science. Buce at Underbelly does this, probably saving me the trouble of a post. (Consider this a SlothBear moment.) The problem I want Drek the Uninteresting—or anyone else who knows the research—to address: if we assume that mercury […]
by Mike Kimel Four Graphs Looking at Real Economic Growth This post contains four graphs looking at real economic growth, three of which also contain some tax information. The first graph shows the five year annualized growth in real GDP for every five year period beginning the one ending in 1934. (I begin then simply […]
Over the last couple of months, a string of events made policy makers and investors alike say, what? Greece must raise capital next year and meet a 7.5% deficit target this year? Yes, they do, unless circumstances change. It’s near impossible to bet successfully on what Euro area policy makers are going to do, so […]
The headline number of payroll jobs was strong and the markets are reacting strongly to the report that 224,000 jobs were created last month. Moreover, the job gains were widespread with the only secctors to show an employment drop were temporary jobs and government.Private payroll employment rose 268,000, the largest increase this cycle. But the […]
At Balloon Juice, Doug Harlan J wrote I’ve seen posters around for Kaplan test prep where it lists a bunch of answers and says “if you think you have to know the question to know the answer, you need to visit Kaplan”. That is the correct answer. The question is after the jump. The question […]
From his column in today’s FT: Even this is too simple, once one allows for banking: Ireland’s net debt was a mere 12% of GDP in 2007 In other words, in FT World, privatizing the profit and socializing the risk is A Great Idea that deserves the full support of the government.
Sadly noting that Lawrance G. Lux has declared that his blog is at an end. It does not take great skill reading between the lines to know that the blog is not the only thing nearing its end. This post seems to come from a happier time, not just a month ago.