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Output Volatility: GDP v. GNP

…exceed their shares in employment or in the generation of domestic demand. Recent patterns of growth in these manufacturing sub-sectors show very sharp rises in output, exports and Gross Value…

Employment Increases by 215,000

…to curb federal deficits that are likely to skyrocket as the baby boom generation retires. It is likely Congress will have to make “significant adjustments” in reducing benefits to future…

Low Savings as Key to Prosperity?

…Tamny wants to go back a generation, let’s remind him that the Reagan fiscal stimulus raised real interest rates. But it is true that real interest rates are low today….

A Colossal Failure of Leadership

…then he made his way to a San Diego naval base for yet another anniversary tribute to the Greatest Generation. His concession to reality was adding a few words of…

High Housing Prices are Here to Stay?

…fundamentals change – then why wouldn’t housing prices decline? Interest rates have been increasing of late – and population growth over the next generation is likely to be quite modest….

Social Security: Cato’s “Quick Facts”

…taxes and the interest income of the Trust Fund assets, which of course Cato never gets right. And while it is true that my generation can expect an average real…