…n), where r = the real interest rate and n = the long-term growth rate. As long as V is at least as great as the debt/GDP ratio, we are…

…billion turned out to be a disaster. In 2006, the Postal Service was doing great and coming up with over $5 billion a year didn’t seem like a big problem,…

…22nd in dependency on Federal $, Michigan 25th and Wisconsin 32nd in dependency on Federal $. Of the states surrounding the Great Lakes, only Pence’s Indiana has a greater dependency…

…the Great Recession started toward the end of his presidency. To examine factors that influenced Bush’s public support, they modeled his approval rating based on environmental variables (unemployment, inflation, consumer…

The Minsky Moment Ten Years After These days are the tenth anniversary of the biggest Minsky Moment since the Great Depression. While when it happened, most commentators mentioned Minsky and…

…the legal restriction of the hours of labor raged the more fiercely since, apart from frightened avarice, it told indeed upon the great contest between the blind rule of the…

…employers may be, so I see the company as unable to capture much of the $1 billion as a subsidy. A university is a great economic draw, but this extends…

…house price in the US has now reaxhed and seems to be surpassing the peak level in 2006 before the crash that brought on the Great Recession. Needless to say,…

…of the “Greatest Generation,” with Americans born then having some experience as young people of the tail end of the Great Depression as well as of WW II, the signature…

…misses that. As for explaining the long run of job growth, well, it is the same matter. GDP has been steadily growing for nearly a decade now since the Great…