“30,000 people were trapped inside Shanghai Disneyland on Halloween after one person tested positive for COVID-19,” Business Insider, Sinéad Baker And United States Anti-Vaxers, maskers, and social distancers whine. Excerpt from the article: Disneyland Shanghai shut down after one positive COVID-19 case was found there. The nearly 34,000 visitors and staff had to get tested […]

“Lump” and “labor” are two words… From: Tom Walker Sent: October 27, 2021 3:49 PM To: scott.a.wolla@ Subject: Lump of labor fallacy Dear Scott, I just came across your article, “Examining the Lump of Labor Fallacy Using a Simple Economic Model,” from November of last year on the St. Louis Fed website. I have done quite […]

September Personal Income Fell 1.0%, Spending Rose 0.6%, PCE Price Index Up 0.3%; Savings Rate Lowest Since December 2019, Commenter and Blogger RJS, MarketWatch 666 Friday’s release of the September Income and Outlays report was concurrent with the GDP release on Thursday, and all the PCE data in the 3rd quarter GDP report we just covered actually […]